Have $1.8M between retirement and personal accounts. I have a paid off house valued at $220k. I paid $70k. I live in lower cost. Single, no kids by choice. 41 years old and make $240k plus bonuses.

I save about $130k between retirement and personal accounts a year. My expenses is not high. I do travel alot. Usually $20k on trips a year. my expenses without that is no more than $40k a year.

Is retiring at 46 doable with inflation if I cut my travels down to cover health insurance?

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I assume you don’t have kids. It sounds like travel is your biggest hobby. I don’t understand the wisdom of trading your favorite hobby for a very early retirement. What are you going to do for the next 50 years if you voluntarily give up the one thing you spend money on? Health insurance is a necessity but it is not a substitute for the only thing you like to do in your free time.

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Boy, you got me on that. I am humbled.

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Based on the numbers, you can pull the rip cord.

If you want to be conservative, another 2 years of adding $130k would go a long ways.

You haven’t mentioned the balance between brokerage, 401k, and Roth. That’s one thing you may need to juggle a bit. But beyond that, you’re in a good place from a math perspective.

Congrats! 🎉

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They can retire now even. $1.8M is enough they could buy houses in like 5 different of the nations she/he likes to help with nonprofits and be fully diversified with real estate in many nations and live super comfortably renting out properties and even get to oversee the donations of her nonprofit to ensure it's not being lost. Maybe it'd mean focusing more on just a few nations with the nonprofit rather than many nations but then they don't have to give up travel, total win-win. Phillipines has a great retirement visa only requires buying like a nice $50k-$60k house there which you can always sell later (for profit) and you'd live much better there on $1,500 a month than in America for $4,000 a month. Everyone here is so West-centric is crazy. The best way to help the very people she wants to help is if she invested in those nations AND lived there, she can volunteer, AND she gets to enjoy travelling abroad rather than GIVE it up just to prolong living in dystopian collapsing Western nations...

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Does the 1.8M exclude your home equity? If so, then that could be enough with 60k in yearly expenses (single and no kids). In bad years you might need to cut down on trips to preserve your capital.

That is something that you shoud sit down with a Financial Advisor to discuss, sooner rather than later,just to give you some options.

what type of job are you into.

You can come to SA. That's a lot of money you have to retire comfortably.

works at PwC - if all this is true (not that I'm calling you a liar, but this is the Internet 😏) then it seems to me you may be simply just over thinking it all!

Do you enjoy your current job or does it feel like work? When you do what you love, you never work. My point being is that if your not happy with this lucrative job you have now.... Maybe doing, starting, or creating something else? Doing something you love and can bring you more money plus you won't be 'working' and receive lots of joy & fulfillment.... Mostly be having a lot of fun!

You already have put yourself in a fantastic position! So ask yourself, what do you want to be when you grow up? And then go do it!

Where's you fav place to travel?

Uh, consider yourself lucky. This is a no-brainer for you. What's holding you back? The main thing that would give me pause is adequate health insurance in case of a medical emergency or long-term recovery from surgery.

it depends on how much you have in personal accounts because unfortunately you can't take from the retirement accounts until you are at least 55, I know it is a rigged system, and most likely 59 and a half years old. but if say half is in non retirement then its definitely doable and if lower then try to get it to a million before you retire. you can invest in index etfs to get some growth until retirement and then switch to covered call etfs when you retire to replace your income, they pay anywhere from 10-17% some of which are tax deferred and you just live off that income and the principle can go up and down but as long as you don't sell you still get income.

I agree

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