im 27 and could possibly retire if I kept my spending low. However you never know what’s going to happen, do you? How do you deal with the uncertainty?

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Finding a job you’re passionate about once you’re work optional. I plan to be a teacher and use that teaching salary on a Porsche

likeupliftingfunny

I love that

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27 is very young. What you want in life will will change as time passes. If you want to change careers now go for it. Personally I find the abhorrence of work that characterizes so much of the FIRE discussion to be a disservice, work gives us an opportunity to be of value to other people.

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Wts your nest egg at 27 to retire?

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Sorry that sucks

Depends on your sources of income once you retire. Do you plan to drawdown on your nest egg by selling off the assets to fund your expenses or do you plan to live off income generated by your assets?

If the former then is a bit more risky as you could risk running out of money. If the latter you could build a buffer by aiming for multiple sources of incomes that are multiples of your current annual expenses plus have some cash buffer for large unexpected expenses.

Or you could take up some other job that may not pay as much but helps to cover your expenses whilst letting your nest egg grow.

Everyone has a different risk profile & tolerance. You can always renter the workforce.

The problem isn’t just uncertainty, it is uncertainty over a very long timeline. If you are off by 1/2% but you only have 10 years to think about it is probably no big deal, but you are talking possibly 70 years. I think the advice to coast-fire or a push to FATfire would be better.

coastfire with possibility of getting fat?

Thanks for the explanation. I’d want to coast anyway.

Keep working.

You could use that nest egg to build passive income. Buy a nice rental unit that you can fully purchase. With $3M, you can buy a nice 3-4 unit property in a HCOL city and rent it out for $6-8k/month.

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