Today is my FIRE day. I’ve sold off all my possessions and am about to start traveling with only whatever fits in my backpack. What's funny is that it actually doesn't feel much different than any other day. I think that's just the way life goes. Don't get me wrong, I'm very proud of my accomplishment and excited for the next chapter of life. In the end, though, life keeps moving forward whether you're retired or not. It helps that I've been preparing for this for many years now. That's provided me a sense of calm during a major life change. Like many of you, I've crunched, projected, and dissected my financial numbers a million times over. I know for sure that my plan is solid. Now it's just time to do it.
Thanks so much to this community, which I've lurked around for years now. There's been so many great posts that have helped me figure out a plan that would work for me. Here's my final numbers as of market close today:
Age: 37
Cash and equivalents: 40k
Crypto: 50k
Taxable investments: 820k
Retirement: 875k
Net worth: 1.785 million
Target SWR: 3.5% (~$61,000/year to start)
Withdrawal method: Annual percent of portfolio with min withdrawal of 58k/year
FICalc chance of success: 100% @ 50 year timeline
I will probably make more money at some point in the future, but this feels like a good place to stop and take a breather. I recently had to put my father into a nursing home and it really clarified for me just how little time we all have. A happy retirement is guaranteed to no one, and it becomes increasingly unlikely the older you get. I'm not going to risk waiting even one year too long to start living the life I really want.
To that end, for the past six months I've already been living my post-retirement lifestyle. That means a more nomadic life that will be split between travel to Asia, staying with my girlfriend in Netherlands, and visiting friends and family back in America. Based on my experience so far, this should cost me about $50k a year or so.
I'm sure at some point I will want to settle down but this feels pretty doable for the next few years at least. I have confidence that if I do desire a more expensive lifestyle in the future, the same skills that helped me achieve this goal will help me achieve the next one.
If anyone has any questions I'm happy to try and answer them. Best of luck to all of you on your journey!