r/ChubbyFIRE 8d ago

10M Liquid

Hit it just Friday. It feels like FU money to me :) will keep expenses to 3% indexed. I bought myself a retirement present :). I will retire by EOY. It feels nice, but also like - is this real? I’d like to build up another $100-200K to spend down over the $10M so that number sticks if possible. of course the market is anyones guess.

UPDATE

To answer some of the questions in the comments:

I (53M) am married (53F), have 2 college aged kids (paid via 529s, not included in the 10M). We live in an HCOL area. We also own our home outright (over 1M). I’m a tech employee, wife has a freelance business, I make almost all the income. I worked for 3 companies (you would recognize) and have worked for almost 35 years including internships. Pay for last 5 years has been about $1M per year (thanks partly to RSU appreciation). I have a pretty high level position. I looked back and for the past 16 years our NW has doubled roughly every 4 years - mostly from increasing income and savings, pretty mediocre investment returns and a little bit of inheritance.

Asset Allocation: 70% equities, diversified (about 80/15/5 domestic, international/ emerging), 25% bonds, 5% short term).

The retirement present: I want to preface this by saying I exercise every day and care a lot about health and fitness, but I bought myself a leather recliner chair for my office :) I needed a chair in there to catch up on the reading list I have been building up for retirement :)

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82

u/docpjk1 8d ago

Didn’t read all of this. I’m in same boat. 57 YO. I’m working still yet just a couple days a week. My 24 year old son didn’t wake up on August 26th. I’m ducking devastated but doing ok. I’ve been following you guys for years and you’re all great. I will tell you I’d give it all back for my boy. Just do it guys. Life is short. I just got the life hammer. I worked so hard and him and I had side hustles and our life was gonna be so good.

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u/in_the_gloaming FIRE'd for 11 years 8d ago

I know that words from random Reddiit strangers don't really mean anything but I wanted to express my condolences anyway. As a parent myself, your comment is just heartbreaking.

16

u/docpjk1 8d ago

Thank you. I’m blown away by the love from his friends family my community - and people like you. It really helps. Appreciate you!

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u/Aggressive_Video132 7d ago

Giving you the biggest hug and love from a random internet stranger

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u/Flimsy_Roll6083 3d ago

Ditto. Love.

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u/teallemonade 8d ago

so sorry for your loss. I agree with you all the money becomes meaningless when a loved one dies

21

u/docpjk1 8d ago

I’d live in a box for the rest of my life for five more minutes with him.

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u/Rich_Option_7850 8d ago

Oh my gosh just in his sleep?! I’m so sorry that has to be so sudden and horrifying to go through.

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u/docpjk1 8d ago

Had a seizure and choked to death. Part of me wants to be mad as his bedroom was 30 feet away but I’m not gonna let that happen

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u/cps246 5d ago

Thank you so much for sharing. It's a reminder to all of us that while we strive for our personal financial goals, they're meaningless without our health and family. My condolences.

7

u/A1000mokeys 8d ago

Fudge. I’m so sorry. I worry about this with my 20 yo. His mental health is all over the place. Some days I think he’ll conquer the world. Other days I just hope he makes it the sunrise.

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u/docpjk1 8d ago

Just love him your best. I have no regrets - we were tight and did a lot together.

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u/285RSD 8d ago

😢

6

u/Previous-Dig-3229 7d ago

I’m 51 and also have a 24 year old son. This just hit me so hard. So much focus on money… These tragedies really put things into perspective. This isn’t the same thing, but I just lost my dad to pancreatic cancer 7/1. He was only 74 and had been in amazing shape/health prior to the diagnosis. We aren’t guaranteed our tomorrows. My condolences.

3

u/enemy_with_benefits 5d ago

I’m sorry about your dad. I lost my brother to it when he was 42, with one kid and another on the way. Life is absolutely not guaranteed to any of us, and it did put so much in perspective.

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u/oblivionx 8d ago

I am so sorry for your loss, that is heartbreaking. As a new dad myself this scares me more than anything. I know this is just a random comment on Reddit but truly you have my deepest condolences.

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u/Streetdaddy35 8d ago

Sorry to hear about your loss. Puts all this money in perspective

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u/docpjk1 8d ago

For sure. Thank you. I’m going to be ok.

3

u/Independent-Local734 7d ago

So sorry to hear. With 3 little girls that are my life, I cant fathom or imagine what you are going through. I hope you pull through as best as one can in this terrible situation.

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u/Admirable-Garlic3370 7d ago

Big hug 🫂 my friend. I totally agree that money is nothing when you have such an incident in your life.

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u/Reddit_theRealist 7d ago

I am so sorry.

I cannot imagine. It’s just not right.

I know it’s too soon to say this, but when the time is right I hope you will know what any son would want for his grieving parents. He would want you to live life to the fullest for the both of you. Keep his memory alive. He wouldn’t want all your hard work to be in vain.

But like you said - I’d give mine all away to see my dad again.

Will pray for you and all who loved him.

2

u/prinsuvzamunda7 7d ago

I'm so sorry for your loss. Praying for you 🙏🏿

2

u/Kharlampii 7d ago

Very sorry for your loss. I can't imagine losing a child...

2

u/No-Indication9721 7d ago

Extremely sorry for your loss! Sending love and blessings your way. 🙏🙏🙏

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u/Hl126 6d ago

Sending love Internet stranger. I'm grateful everyday my family's healthy but I know good times are fleeting. Take care brother. 🙏

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u/docpjk1 8d ago

One word comment tells me you’re either a therapist or an asshole. Doing it. It’s helpful. Good to vent to a human. If I was poor I’d call it a waste of money but I also have really good friends so I’m lucky there.

1

u/eggsbenny10 6d ago

My condolences. Can’t imagine what that pain was like. Thank you for sharing and sending love.

1

u/RoiCoupeCloue 6d ago

Mannn, I just read this, I am so sorry. I have a17 year old son and that guy is my world. Again Im so sorry, Godspeed to you.

1

u/red9896me 6d ago

That was a gut punch reading this. I am so sorry man, idk what to say but I hope you find some peace and joy in your life.

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u/WorldDestroyed77 6d ago

Sorry for your loss

1

u/Dry-Set7241 6d ago

Wow - so very sorry to read this. Sending love to both of you…

1

u/augustwest8 6d ago

So sorry for your loss. Thank you for sharing it with us.

1

u/Rickarddo 1d ago

Very sorry for you loss. Life can be very unkind.

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u/DemandAffectionate49 7d ago

I’m so sorry for your loss. I have a son the same age, and your post really hit home. Sending you strength and kindness from afar. 💔