Have any of you considered FIRE? I'm sure some of the partners are young and rich enough to retire. So why not say screw working until 60 and to hell with the pension? Travel the world and live life while I can?

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Looked into it, no thanks. I traveled and lived abroad in late 20s and early 30s. Make good money and have invested well—also don’t hate the work as it’s stimulating and enjoy meeting people.
Will I work until 65, probably not as I’m under 40. There is definitely more to life than work, but sitting on a beach everyday being lazy is just as unappealing for me. So early retirement isn’t the goal, guess it’s probably more of doing what I want on my terms (family, travel, work, hobbies).

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I’m definitely in the (fat)FIRE camp!

Currently targeting to hit my FIRE number by 40 and then see if I want to retire from consulting and pivot to something else (not necessarily revenue generating) that I find more meaningful.

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There is a third scenario: lean FIRE (as in keep a simple lifestyle - it's amazing how much less one needs with age), work for a nonprofit, travel a lot. Doing it now and loving it.

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Studies have shown that most people continue to work while their annual TC is >10% of their NW (more or less)

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Also it's quite difficult to beat - isn't it? The longer you work - the better your pay gets! Your NW isn't increasing at the same pace!

What is FIRE?

Lean FIRE is actually retiring on the minimum needed (likely living in this studio in your scenario) and fat Fire is your cushy retirement number that allows you to live in luxury. It’s a reference to the total retirement savings and the lifestyle you’ll be living in retirement rather than the path you’re taking to get there.

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Wow. When did you make Partner?

It’s not uncommon in my firm (not MBB), as we don’t require MBAs and I joined straight out of university - so made it after 10 years in consulting (which is actually pretty standard for my firm, maybe even on the slightly longer end). Happy to share more details separately if you have further questions.

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