"In their mid-30s, this Redditor has built a net worth of $5.27 million and considers retiring on $125,000 yearly while focusing on travel and hobbies."
"The Redditor has created multiple budget plans, with a modest annual spending of $104,000 planned, aiming for retirement with a net worth of $4.32 million."
In the FIRE community, a Redditor is contemplating retirement with a net worth of $5.27 million and an annual spending goal of $125,000. This individual, in their mid-30s, is focused on a lifestyle that includes travel and hobbies. They've analyzed various budgets required for retirement, finding that a modest spending plan necessitates a net worth of $4.32 million. With different scenarios explored, the Redditor weighs the importance of financial independence against lifestyle aspirations and is eager to leave the workforce behind while pursuing personal projects.
Read at 24/7 Wall St.
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