What’s everyone’s COAST fire and FAT fire number and age? Im trying to use these online calculators but they aren’t making a ton of sense. Trying to understand what 40k a year looks like vs 100k. (Right now I spend about ~30k a year but have no idea how to account for things like health insurance, not having a moderate, etc.)

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

I'm currently 29 and have approx 100k in savings. My projections have me saving approx $2.5M-$2.8M by the time I'm 50 (based on my budget, interest on savings and forecasting out).
This puts me in the ballpark of 100k/yr. Hoping I can pull this off!

Keep in mind, projections are just that...projections. Things can change and life can get in the way. Try have a plan that you stick to but need to maintain flexibility in case things change.

like

Goal is probably $10-12M by mid 40s. Currently at 700K at 27 (exclusive of equity which hopefully at IPO is worth 3-4M).

Wife is worth about $1m and also 27.

Will likely retire in SEA / Taiwan / Japan.

like

Congratulations my man, admiring the discipline!

Recent IconRecent

100K is 2.5 million, 40K is 1 million (based on 4% withdrawal rate on your investments). It’s is expected your investments grow more than 4% a year

like

Could you point me towards those bonds? I don’t know of any that don’t have a risk of defaulting above 2%

We're on track for about $8.5M at 55, which will most likely allow us to have a higher standard of living in retirement than we do now, since we pretty much have the same standard of living we did when I was a SC making $90k.

We'd initially planned to retire in our late 40s (we're both 39 now), but given the massive uncertainty around future higher ed costs and the prospect of putting at least 2 kids through college, we've decided to push our retirement back until our current youngest is at least a freshman or sophomore in college.

like

No nest egg, this is all 100% self funded.

Sure, go ahead and PM.

Currently 29 with $2.5M household net worth. Aiming for $10M by 40, $20M by 45.

like

Nah

likefunny

When matters, too.

40k today is the same as 60k/yr in 20yrs or 80k in 30yrs assuming 2.5% COL.

At 3% COL, that’s 68k and 92k respectively.

like

5m at 50, but I will probably retire at 3m. Part of that includes me retiring in a lower col country though.

I love it! Keep pushing that’s an awesome idea

4.8MM Fat Fire. Based on estimated cost of 4 person family with health insurance, a couple nice vacations per year, and some buffer for general uncertainty. Saving aggressively, and will be out as soon as I hit that number!

Aiming to not having a mortgage payment, planning to settle in Cleveland, OH (low cost where all my family is), and trying to hit by 45. Currently 24, so depending on when I have kids and what happens in the markets, anything could happen, but better to have a rough plan based on educated projections then no plan!

like

Related Posts

What’s expected bonus (% of annual CTC) for VPs (Non IT and IT) this year in JPMorgan Chase London considering market conditions and attrition within the firm?

like

Hi Fishes,
I have recently joined NTT data ,i was offered fixed 27 lpa+ 16% variable.Will i get variable,if so how they will pay.What is teh max salary for 7 YOE Grade 11

like

Obligatory financial info post. 1) size of firm, 2) billable requirements, 3) salary, 4) bonus, 5) quality of life, 6) debt, and and 7) family/married/single. Go!

like

Anyone else feel like family law is toxic and detrimental to the attorney’s health/quality of life? My client was served w/ an order of protection against her—her ex is abusive and is gearing up for a custody battle. Of course the OP was filled with outrageous lies. My home-office phone and cell were ringing from 9:00pm- 12 am after she was served…..I am in my first trimester of pregnancy with my 2nd kid and suddenly feel like I don’t want to/cannot handle this type of toxicity.…continued….

like

Is 7 hours of sleep everyday enough to rejuvenate and get all the benefits of a “good night’s sleep”?

like

What will be my In-hand salary after utilizing 80C,80CCD, 80D? Suggestions are welcome to restructure the salary to lower the tax payable. Accenture

Post Photo
like

Hey guys, can you please calculate in hand salary for me. I am getting 9Lpa fixed 10% variable, 2L joining bonus in first month and 1L extra bonus on completing one year that will get credited next year August. I have no investment as such in 80c

Post Photo
like

Anyone have any color on OTC crypto Sales Trader analyst/associate compensation packages? Thank you

likehelpful
like

What’s your take on Lydecker? What is the culture? Market salary? Expectation on billable hours? Mentorship? Etc.?

like

I have offers from,
Infosys 9.4L + 1L Joining Bonus,
IBM 11L + 1L Joining Bonus,
Oracle(OFSS) 12.5 + 75k Joining Bonus,
UST 13.5 + 1L Joining Bonus and
Cognizant 14.5L + 1L Joining Bonus

I'm a Java FSD, My Exp is 3.3 years and my CCTC is 4.6L + 80k variable

All the above are fixed pay, please guide me to pick the best company in terms of knowledge, career benefits, and all. And please advise, and can I negotiate between these companies with the highest offer?

like

Hi Fishes,

Can you please help understand my in hand salary based on below break-up?

YoE: 4years & 10months

Post Photo
like

What are your favorite personal finance books? I just read Rich Habits and really liked it. I am also reading the Psychology of Money. Looking to read some more!

like

Hello guys
Please help me have an idea of the monthly take home salary

Post Photo
like

Hi Guys ,I have given an option to be retained by Cognizant,,since I had 2 constraints:-
1)Project toxic environment (they have agreed to change the project post putting down my papers)
2)Matching salary expectations with the offer

Is it advisable to accept it,how will it impact in the long run,will it create a black mark?thanks...

like

Generally curious how many companies offer phone reimbursement? My last gig did not but the current one does. Legally it seems, all employers are required to do so if we use our phone in literally any capacity (video call, slack, teams, emails etc). How prevalent is the issue of not reimbursing phone dues?

like

Fishes, Looking for suggestions below , which to select:
Barclays -- Pune -- 21 Lpa -- hybrid (1 wfo+ 4 wfh)
Publicis Sapient -- wfh -- 17 lpa (willing to match above)
Tech : Java/SpringBoot
Exp: 4.5+ years
Barclays Publicis Sapient

like

Hello I am currently in between jobs and have been offered a position with a local firm as a Commercial Real Estate Appraiser Trainee. I am curious what others started out at pay wise. I was able to find some information online but the numbers were quite varied.

like

I’m currently an AE and was offered a promotion to sales manager. I’ve been waiting for this next step but the offer only provides a 5% raise over what I currently make. We had several manger seats open and I know external people we hired received an offer atleast 20-30% more than I did.
I’m currently trying to negotiate but there doesn’t seem like there’s willingness to do so from our hiring team. Should I decline? Should I leave? Should I accept and start looking elsewhere?

like

More Posts

I have to move to Seattle in 2 weeks any rental agencies that you can recommend please? I am in the East coast :/

like

How would you respond to “Send me an email” while making a cold call?

like

What’s your personal vision for 2050?

likefunny

Any Tiktok Designers out there? What’s the WLB look like for you over there?

like

Anyone have a local accountant they like? Especially one who is familiar with freelance needs?

Anyone Deloitte M&A here? Looking to connect on a few questions

like

Why is it so hard to get a call back? I’ve applied for hundreds of positions and asked for referrals and followed up so many times… I have a really solid resume and currently work for a company that’s known for high standards. Is anyone else struggling to find a better job right now?

like

Heard second lottery results are coming out? Anyone heard from D immigration team? I know they are super slow

Which law firms still have a good Westlaw subscription and encourage associates to use it?

like

BlackRock Recruiters at VP level. What has your salary increase and bonus averaged the past few years?

like

I recently came across a job posting on Huge for Program Director in NY. Anyone know the recruiter or hiring manager for this role that I can get connected to?

Everyone ready for the new season?

like

Were any Big 4 companies directly involved in the ‘08 financial crisis?

likehelpful

Any insider knowledge of EY modifying the frequent traveler program policy now that most travel will be reduced?

like

Hey, so I’ve been an Admin Assistant for a few years. I’m looking to getting into an EA role. What should I expect from my interview?

like

I am from the GTA in ON, Canada and wondering if there a real demand for TAS and Recruiters locally. I see lot of posts from US and the salary stated in some leaves me scratching my head and taking a double take. They are insanely high especially for Corporate Recruiters. Do my local fellows feel that too?

like

Do you ever feel like people treat you differently at your firm because of your age? Like reverse ageism? As if you don't know enough or aren't competent enough yet? Just curious if others have ever felt this way.

like

BLUF: Relocation doesn’t include breaking my current lease. Am I in the right to get that covered? Story below:

Shell vs S&p global

like

Additional Posts in FIRE Financial Independence Retire Early

Mother has a decent nest egg ($3M) and lives in an extremely LCOL area. Currently manages money through RBC, however the fees are a gross operating expense of 0.36%. What do you all recommend? I’m not savvy enough to manage it myself however I know that fees can stack up and kill returns. Would appreciate any insight/advice/snark.

like

If company only matches 6% should I only put 6% of income into 401k? Does it make sense to put more to lower tax bracket?

like

If you had an extra 50K laying around and wanted to take advantage of the recent correction in growth stocks, what you invest in? ETFs or individual stocks welcome. Won’t need the funds for at least 6-12 months

like

Do I have too much cash ($35,000) in my high yield savings account? No immediate plans to buy a house (but could be an option). Rent is $2100 and have no other debt or month financial obligations.

like

Best HYSA for competitive rate and good customer service? I have seen a lot about ally and Marcus but recently seen more negative news about ally customer service and who knows if Goldman will keep Marcus around since they lose a ton of money for the firm. Which one is better?

like

How do you balance being smart with money verses wants and desires? I'm thinking about buying a new Supra but the fiscally conservative part of me balks at spending money. I can afford it and would really enjoy it.

like

So... Trying to decide between buying a family car (7-8 seater) now vs later this year / early next year. Any suggestions on whether it makes sense to go for a new or old car and whether it makes sense to wait and buy now?

like

Am I doomed? I’m 36. Huge partier and spend $ like its going out of season. Make about $215k all in and have little savings. I just have terrible savings habits and just enjoy living for the moment.

like

Always been a fan of FIRE and reading about it has definitely helped my finances but I can’t help but wonder if the movement is more about lifestyle change than early retirement.

After you achieve FI,you basically have to maintain the lifestyle that got you there.

What if you want to go on a lavish vacation or buy that flatscreen TV? Are you supposed to do away with material goods entirely? I suppose you could keep working for discretionary $ and live off interest but then you’re not retired.

like

Can someone explain the Roth conversion ladder to me like I am idiot? Which is what I am 😎.

HHI over $350k and can’t do backdoor Roth because I have tIRAs…

like

Serious question - is there a reverse FIRE strategy? I like the idea of saving and retiring early, but the one hiccup I see (and sorry if this is grim) is if you die earlier than expected. I’d be worried that I would minimize lifestyle and fun for retirement at 50 but I’d die at 49. How about a way to work 9 months out of the year and retire/travel/relax for 3 months? This way you guaranteed your dreams/etc. are fulfilled

likesmart

For those who rigorously budget to achieve FIRE, can y’all give me some tips that work for you? We’ve tried to do the tracking every item we buy thing but we’ve never been able to honestly track every purchase for a month. It feels like too much work with 2 kids! Any other tips and tricks that work for you? In general we automate savings first and kind of reflect on the bills at end of month and note where to tighten for the following month but I feel like we need more discipline

like

Any market considerations before refinancing my student loan with current rates? They’re giving me a .75-1% drop.

It’s worth it to refinance at this rate to save paying $1000 of interest albeit credit gets hurt. My only concern is missing out on inevitable lower rates forthcoming.

like

I am convinced buying a house is a poor use of money when living near any mid-sized to large city when looking at investing that money over a 15-30 year time frame. What do I need to be considering?

like

How much do you donate each month/year? What is your total comp and age?

like

Got married, bought a house, doing a major remodeling, planning to have a kid… safe to say that I am no longer on track with my FIRE journey 🥲

likefunny

Any software like Mint that can show daily stacked bar chart of all expenses and deposits over time? Rather than creating it manually from bank statements

like

Is there a limit on the amount of T-bills I can purchase in a year? I’ve already put $10,000 in a Series I savings bond. Now looking to purchase short-term T-bills during the bear market. Appreciate the help.

like
likeupliftinghelpfulfunny

Sup guys! Asked before, but curious to hear anything new: What are some side hustles you’ve been doing to get some extra income? Curious to hear some ideas for my own brainstorming. I used to flip couches off FB marketplace as a side hustle

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal