re: Anyone retire early early?

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My wife and I will almost certainly be w2 our whole careers and I’m retiring around 50ish with a nearly 8 figure port assuming 7% CAGR. Two professionals can easily hit FI early if they both work and are reasonably disciplined.

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I ran a quick model assuming current savings rate if my wife and I continue on the same savings rate and working path as we are now (no promotions or change of income outside of staying at rate of inflation)…we would have a net worth of $30M+ if we worked to 60. We don’t need that much and will adjust our work plans accordingly.

The behaviors from our 20s and 30s will enable us to essentially Coast FIRE going forward.

several strip clubs open at 11am..

Fish

garden and raise chickens

Travel the world...slowly

I would find something I can promise you this if money to live on and healthcare was not a issue.

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thank you for sharing this. May I ask, did his profession not allow him to continue working in it even at a limited capacity? Like was his role all or nothing?

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He was self employed. Dealt in salvage and trucking a lot, but did really well for himself in the late eighties. Would buy physical assets of bankrupt companies in the northeast and flip them in the south. Keep in mind this was before the internet boom and information flow was very limited. So he would go to bank fire sell auctions in Chicago and New York / New Jersey and buy in bulk then split up and sell (for lack of a better term).

When he was done he was done. He sold everything at once. Honestly don’t think he realized how long he was going to be retired.

He thought several times about going back in business in 2008/09 but ultimately decided not to bc of the way and speed business was done. One of his many regrets. But he still wouldn’t have been happy IMO. Would have just added another level of stress to him. He always thought someone was out to screw him and that’s how he operated his whole life. Business and personal.

Dude wants to be waking up at 3 am to change a diaper at 41. Insane behavior.

I know a few married couples that had a kid around 40, but I think that's more the exception.

Just starting to pursue a family post 40 probably means more like 44-45, if you can find a 20 something willing to have kids with you. That's not a guarantee either.

Dealing with a 16-17 yr old kid (me right now) sounds exhausting in your early 60s.

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Also dealing with a 20 something woman in your 40s.

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Yeah, I couldn't do it. They might look better than women in their late 30s or 40s, but that's a very small part of a successful marriage.

Also, the larger the age gap the higher the divorce rate. It's almost like we relate better to people around our age.

I retire in December after 24 years in the Army. Will be 43.

No real clue what I want to do other than travel a lot. I know I'll get bored so trying to find a job that's flexible and rewarding if there is such a thing.

I would argue the opposite. Wife and I married a little later than normal and delayed having kids. I’m 52 with one kid getting ready to leave HS and one starting. Most of my friends have kids out on their own and are focusing on setting themselves up. We had a great time in our twenties and were able to set ourselves up financially…but it does have its drawbacks. I’ve been the sole breadwinner too and after 26 years it gets to be a grind and job flexibility is limited when the whole family is riding on your income.

I’m zeroed in on retiring or stepping way back at 60. House and rental will all be paid and should have enough to pull the trigger if something crazy doesn’t happen.

Yea no kids helps you financially but also that you are willing to move internationally. I have 3 kids, and they are expensive… but even when they are out of the house, we want to be close by…

So an international move sounds awesome, but it would not work for us