8 Comments

Love this article, thank you for sharing. I'm looking forward to your part 3 where you are going to talk about coast/ barista FIRE :)

Expand full comment
May 2Liked by Andre Nader

Cost of attendance for UC schools is wild. I’d be pushing for Cal Poly I think

Expand full comment
author

She is in kindergarten., so really used UC Berkeley as a placeholder! But the cost is pretty wild. Half of it is room and board!

Expand full comment

This is a really great article. You may start calculating FIRE for other states and cities. That can last you 2-5 years of contents,but you will be helping people get focused and gain years. Thanks for sharing

Expand full comment

$140k (expenses) is a well-paid FT salary for most but a part-time Coast FIRE / gig worker in tech for others. Crazy times.

Expand full comment

Thanks for the article. I just calculated my FIRE number and confirmed it with what I originally anticipated :)

QQ - Does the 3% rule take into consideration the age at which one retires ? For example, will my FIRE number be different if I retire at 40 vs 45 ? How does the rule account for this ?

Expand full comment
author

Confirmation is a good feeling!

On your question, the age doesn't matter too much until you get closer to 55. The original 4% rule was based on a traditional 30 year retirement, so for periods longer than that I like being very conservative.

The key thing to remember is what the % is for. It is all about taking away the absolute worst cases. Historically this has tended to be in the first 5-10 years of retirement. If you make it past the first 5-10 years and your portfolio has actually increased in value, you should feel more confident in re-evaluating.

Expand full comment

Thanks for the great article Andre...one thing i feel you're underestimating is travel expenses. As you FIRE, travel seems to be the holy grail people yearn for and desire to undertake. Hitting Europe for a few weeks, going on safari, going to that friends wedding in NYC...anyway, at only $15k/yr it feels constraining. Any thoughts?

Expand full comment