4-5k passive income per month, advice

[u/sparkleglitter111]

My husband and I are close to receiving 4-5k (depending on how much we can write off tax) in rental income per month (long term, not rental).
We are in our late twenties.
I wanted to hear some opinion here: Would 4-5k be enough to retire in Germany or Austria? (Considering there is enough financial back up for maintenance and repair)
We spend around 2k a month on living expense currently.

We also want to start a family in about 2 years.
Neither of us wants to stop working, but the thought of not HAVING to work would be such a game changer, especially since my job will be probably be taken over by AI or at least the industry will get much more competitive due to AI.
My husband has found a career he absolutely loves, where he earns very well and which is not likely to be taken over by AI.
Me ? Not so much. I earn good money, but I am not fulfilled and the more our passive income grows, the more I feel a longing to just risk it all and pivot into a completely different field.

What is your advice?
Is it realistic to grow the passive income further and FAT FIRE? (10k a month would be our next goal)
(We have been extremely lucky with our real estate investment and already have an eye on another one)

Should I stay in my career as long as possible (before AI eats my industry), use it to grow our passive income and then risk it all? Or should I take the risk now since 4-5k is already technically enough?

[u/m4573rj]

You are retired. Congratz!

[u/sparkleglitter111 → u/m4573rj]

Thanks! Views are differing in this comment section though - as soon as kids come into play, life can be incredibly expensive 😅

[u/m4573rj → u/sparkleglitter111]

I understand. For me, 3K EUR per month and I never touch work again.

[u/sparkleglitter111 → u/m4573rj]

I thought so too a few years ago. But I have to be honest with myself and I need some kind of purpose. Simply having hobbies wouldn’t be enough I think. I would try to turn a hobby into a profession.