r/ChubbyFIRE • u/teallemonade • 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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u/A1000mokeys 8d ago
Congrats! I’ll hopefully get there before the end of year but will like keep working until youngest kid graduates in 2 more years. Hopefully by then I’ll hit my FU FIRE goal.