I am at 4.4 mil now. Not sure working to the point of exhaustion at times for another 2-3 yrs and getting to 5-6 mil is worth it. Like you said, I am hoping market will do it eventually for me. Meanwhile I am 50, and getting tired and trying to get out of calls and quotas.As ratio of portfolio to W2 income gets large, further growth in the portfolio is mainly about investment returns, not saver-sedulousness. So yes, if the OP can manage his expenses to the point where his reduced W2 covers his reduced expenses, with zero additional savings, he’ll be fine.I think the problem with coasting is that it makes a lot of assumptions about returns. Echoing what posters upstream said, I think it can make sense to do this when you've reached a portfolio level that can support an acceptable standard of living...It sounds like the infamous OMY syndrome is entirely reasonable in your case... not for purposes of goosing the portfolio, but just in reducing expenses. As the kids mature and various obligations wane, "Coast FIRE" becomes more viable.My expenses are 20-25k/month with a paid off house. This is because our vacations cost 15-25k x 3, generous allowances for the kids like 1k/month, insurances (disability, cars x 4 including 3 teenagers, life, umbrella), no limit on food and eating out, and there are others.
We are vacationing less now and kids now work in the summer. My insurances are being trimmed as I get older. That 20-25k per month is lower now.
I saw an outpatient only job 4 days a week but would require a likely 50%+ paycut to 200s. That’s tough to swallow but it’s not all about money. At this point my contributions for retirement are small compared to portoflio. Seems like market does most of the work.
Statistics: Posted by am — Mon Jun 17, 2024 6:22 am — Replies 46 — Views 8278