this post was submitted on 25 Jul 2023

22 points (95.8% liked)

FIRE (Financial Independence Retire Early)

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Welcome!

FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.

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22

What FIRE stage are you in? (sh.itjust.works)

submitted 1 year ago by [email protected] to c/[email protected]

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Hi all, I see lots of subscribers in this community. What stage of FIRE are you guys in? curious about the demographic in here.

Neither FI nor RE
FI but not RE
FIRE'd
?

I am in the first category, working towards FI for seven years now and recently reached 100K NW. Unfortunately I live in very HCOL area so I still have long ways to go 🥲

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[–] FancyPantsFIRE 4 points 1 year ago (1 children)

Should’ve gone with a lower withdrawal rate. 😞

[–] [email protected] 3 points 1 year ago (1 children)

But they said it was safe...

[–] FancyPantsFIRE 2 points 1 year ago

You will safely burn through all your money with a 15% withdrawal rate.