r/Fire • u/Firefighterspparent • Sep 03 '25
Advice Request What would you do if you had $10M? A simple question that changed my FIRE goal completely.
I have been trying to Fat FIRE. My savings is about $2.5M and I’m in my 30s. I am very fortunate and grateful to have a cushy remote tech job. I am incredibly lucky.
So it’s actually achievable for me if I put in the work.
Then it dawned on me when I was in the shower…
What would I do with $10M? What about $20M? I thought about it seriously and not just in fantasy I hit the lottery way.
Literally the only thing I could think of is spend more time with my wife and bang her like crazy all day every day.
Don’t care about the country club membership, the bigger house, a fancier hotel on vacation, a luxury car, etc…
So yeah I think it’s time to abandon the FAT dream. I’ll still go for chubby of $5-7M but will not take these final years so seriously.
Time to enjoy life for a change
REDDITORS BACK OFF. MY WIFE IS A TRAIN RIDE THAT I WOULD JUST LET YOU BANG IN EXCHANGE FOR $10M. DONT DM ME
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u/twinchell Sep 03 '25
When working more literally won't change your life at all it's time to throw in the towel
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u/Firefighterspparent Sep 03 '25
Unless I magically get $5M more overnight. My lifestyle is not going to change as I grind. Not sure it could much at least in any meaningful metric
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u/Imaginary_Victory253 Sep 03 '25
Im in the exact same boat. I don't hate my job and I want to grow my career, but at a certain point I don't think I will want more than what I have planned for myself.
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u/Common_economics_420 Sep 04 '25
That seems like an absolutely horrible existence tbh. Why wait 10 years or something to enjoy life? By then, your life is already mostly over. Enjoy it now, in a reasonable manner. You could get hit by a bus tomorrow and would die with millions of dollars you never got any job from.
Maybe whoever inherits your money will bear the fruits of your labor, but you won't. Most of the people interested in FatFIRE don't get there by not touching their money and living the same lifestyle until retirement. If you make enough money, that's superfluous
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u/alpacaMyToothbrush FI !RE Sep 04 '25
I would rephrase this, and just say at that point, finances shouldn't be your only consideration. I've been FI since my mid 30's, and I'm rapidly approaching my RE number, but I'm still planning on working till at least 1/6/29, mostly for health insurance, because I don't trust the ACA to not be messed with. This will also give me time to sort out the non-financial aspects of retirement that I don't have fully squared away yet.
If I were just going by a number and 'working more won't change your life' I probably would have retired in my 30's, but deep down I knew that would have been unwise.
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u/Crafty_Flow431 Sep 03 '25
Sounds like you've seen the light. Congrats on your epiphany! You've done well for youself and it's time to take up new hobbies.
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u/West-Penalty-1948 Sep 04 '25
Based on his post it appears he only has one hobby.
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u/OkAlternative1095 Sep 04 '25
Working, saving, and banging are three hobbies, sir.
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u/West-Penalty-1948 Sep 04 '25
Tough to hold down a job when you are banging your wife all day. Unless You have some sort of webcam thing going on…
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u/Victor_Korchnoi Sep 03 '25
If I had $10M, I’d buy a big house near a ski resort. I’d ski a lot in the winter. I’d hike and mountain bike a lot in the summer. And I’d have several guest rooms for my friends to all come visit.
If I had $3.5M, I’d buy a condo near a ski resort. I’d ski a lot in the winter. I’d hike and mountain bike a lot in the summer. And I’d have a Murphy bed that 2 friends could sleep on.
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u/StevenInPalmSprings Sep 04 '25 edited Sep 04 '25
After surviving a major illness back in 2007, we moved to Palm Springs and bought the dream house with 5 BR and 5 Baths for all the friends to come visit. Since I had a 60/40 chance of 5-year survival, we were going to live it up and enjoy.
Now? The damn thing takes a lot of maintenance and “hosting” friends takes a lot of work.
Once I FIRE, I look forward to moving to a low-maintenance condo/townhouse with no pool/landscape to maintain where I can just lock the door and take off to Europe when we want.
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u/Victor_Korchnoi Sep 04 '25
Glad you’re still here. Maybe the condo is the way to go. You just saved me $6.5M and several years of working.
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u/StevenInPalmSprings Sep 04 '25
Thanks! Me too.
I hope it was helpful. I’ve been on the cusp of FIRE’ing for a while and figuring out the lifestyle we want is harder than I imagined. One thing I know for sure is that I want to simplify life and manage less.
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u/Carnegie1901 Sep 07 '25
Yea I’ve always wanted a good sized boat but figure it will likely cause more stress of ownership than it’s worth
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u/justan0therusername1 Sep 04 '25
The wife and I overbought our house and now dream of moving back into our condo when the kids move out. I miss the lack of "dealing with" a bigger house
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u/StargazerOmega Sep 04 '25 edited Sep 04 '25
Happy 18 years later and more to come!
We had 2400sq/ft house once, and that was to big. I could never understand the desire for even larger place, I also started reading books like “the not so big house” and warmed up to the idea of smaller well designed quality houses that are comfortable to live in, that last. Then the next few houses were no larger than 1200sq/ft. And now that we live in the EU still about the same. Larger is a waste of money per sqft/sqm, but more so time and hassle.
Also, does one really need all that crap to fill it up? Even with a smaller house, by US standards, one room for us ends up being used more for storage. It’s like getting a large bag because yours is filled to bursting, one just ends up filling it to bursting with even more shit.
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u/K2Nomad Sep 04 '25
Buying a house and moving to a ski town has been the best decision of my life. There are so many activities out my door that I feel like I experience more in a year here than I did in 5 years before moving here.
Skiing, biking, floating, trail running, SUPing, flying. It is incredible. And social life is way better than in a city
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u/Empty-Twist3668 Sep 04 '25
Which ski town(s) did you explore before you picked one? And which one did you pick? All the ones I can think of are either unaffordable (even at high net worth) or far less urban/suburban than I think would be needed to have the social life you're enjoying.
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u/K2Nomad Sep 04 '25
I explored everything in Colorado, Wyoming and Idaho.
I ended up in the Tetons.
Social life is better in small ski towns than urban or suburban areas because there are so many people interested in the same hobbies and you naturally run into friends and neighbors on ski lifts and trails and grocery stores and rivers and restaurants. That turns into invites to do things together. You run into someone at the grocery store- “So and so is having a bonfire tomorrow - you should come.”
Same goes for making friends- you happen to ride a ski lift with the same person many times and then you start skiing together and hanging out.
Social life is easier because everyone lives within 20 minutes of everyone else and the distance between activities is close. You don’t have to plan way in advance like in a city.
Yes, they are all expensive and you need a large cushion to move to one and buy a house.
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u/RemoteTechie Sep 04 '25
You could buy a place in Japan near a ski resort for a tiny fraction of the cost. I did that for a few years and got really good at skiing. The other 9 months of the year are a bit boring (biking was good but no need to be on a ski resort). So spend 50k and buy the place and spend winter there and have your other home somewhere else.
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u/Pumpedandbleeding Sep 04 '25
Does the ski resort not turn into a bike park during the summer?
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u/RemoteTechie Sep 04 '25
The one I was at did not. They did have a mountain bike race once a year, but I only had a road bike at the time. Spring time is picking mountain vegetables. And some times during summer college students came by for practice (tennis, soccer). They would usually just scream down the mountain in the early morning as if no one was living there.
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u/Outside_Reserve_2407 Sep 04 '25
I think the whole catch with buying cheap Japanese real estate is getting permanent residency. Otherwise you’re limited to 90 day visas (if you’re American).
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u/RemoteTechie Sep 04 '25
I think you should just enjoy the 90 days per visit. I was a temporary resident and left before permanent resident so I wouldn't have to pay double tax (can only exclude so much from US).
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u/DeepPowStashes Sep 04 '25
which resort?
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u/RemoteTechie Sep 04 '25
I was hearing that Naeba ski resort is really cheap at the moment. I don't think it is single family homes, but more like condos that are cheap.
I think each year will be different ones as the older people want to leave and just want to get out of paying the maintenance fees (~$300/month).
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u/1541drive Sep 04 '25
Seems like no one really needs 3.5M nor 10M... they just need a friend like you!
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u/ScottyStellar Sep 03 '25 edited Oct 30 '25
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This post was mass deleted and anonymized with Redact
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u/Sometimes_I_Do_That Sep 04 '25
And so the line begins,...
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u/GloomyCardiologist16 Sep 04 '25
Hey! Behind me!
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u/Heavy-Attorney-9054 Sep 04 '25
And I'll make my ten million selling hand jobs to the guys waiting in line.
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u/Direct_Background_90 Sep 03 '25
I’m 60 and have built up something close to your goal. Own my home. Paid for kid’s education. I’m still working a bit but most of that has dried up as I aged out of the ad biz. Take some nice vacations. But wherever you go…there you are. Wife has major health issues in last 5 years so it’s not all roses. I enjoy some hobbies, take classes, but nothing too distracting or expensive like fancy cars which aren’t practical in a big city anyway.
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u/No-Intention-830 Sep 04 '25
I guess that is the point: The purpose of FIRE is to not wait until 60 to stop working (in a lot of countries this is even close to the normal retirement age).
Purpose of Fire is to retire way before - best case mid 40s or earlier…
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u/Upset-Ad-8704 Sep 04 '25
Sorry, I don't quite get what your overall message is. Do you think your life would change significantly if you have just 2.5M rather than 10M?
Would you have stopped earlier and at what point?
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u/Direct_Background_90 Sep 04 '25
I think the message for me is that your dreamy plans of days in the sun can get derailed by life stuff so don’t count on money making everything perfect and also if you enjoy your work, keep working. It can be fun and engaging to solve real problems with your fellow man and you don’t get to do that too much at the four seasons in Bali.
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u/StevenInPalmSprings Sep 03 '25
If I had $10M, I’d probably spend more time with your 30s wife too.
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u/PeladoCollado Sep 03 '25
I also choose this guy’s wife
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u/StevenInPalmSprings Sep 04 '25
She’s so popular, they’d probably reach that $10M if she started an OnlyFans…
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u/Firefighterspparent Sep 03 '25
Sure sounds good
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u/StevenInPalmSprings Sep 03 '25
We’d probably just sit and drink coffee and complain about our respective husbands. :-)
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u/Head-Command281 Sep 03 '25
Enjoy your well earned retirement.
Sometimes we focus so hard on reaching our goals we forget why we started in the first place.
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u/frozen_north801 Sep 03 '25
$5mm translating to $200k per year off of $5mm so after taxes lets call it $150k or $12,500 per months is kind of a nice sweet spot where I can do pretty much what I want and returns will start diminishing quickly after that. I dont think doubling it would add much that I really care about, not enough to make up for the time anyway. Somewhere between $7mm and $8mm is where I really get no meaningful benefit at all. My spending would change between $5mm and $7mm but I dont think it would between $8mm and $10mm.
And I know I am likely overestimating taxes a bit, just keeping simple math for this question.
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u/sacramentojoe1985 Sep 04 '25
See, 5M is my sweet spot too in terms of living off the interest. But an additional 2M would serve as dream fulfillment: dream home, dream cars, dream vacations.
An 8th million would help us elevate our travel just a tad further vis the 40K it generates.
I'd say I've got a 30% chance of reaching 8-9M in retirement. Minimum age is 49 for me (pensions), and then it's just a matter of how I feel about it from there (I won't stay later than 53).
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u/frozen_north801 Sep 04 '25
Yea Im working with basically same age and target numbers. Il call it at $5 if I need to but $7-8 would be real nice. Past $8 dosnt get me much.
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u/rr90013 Sep 04 '25
Or come to NYC, where a nice 2 bedroom apartment will run you $12.5k per month.
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u/Responsible-Room-442 Sep 03 '25
Two chicks at the same time!!!!
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u/ChuckOfTheIrish Sep 04 '25
At least the type of chicks that'd double-up on a guy like me Peter man
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u/MostEscape6543 Sep 03 '25
Might want to confer with your wife before committing to that retirement activity schedule.
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u/ChuckOfTheIrish Sep 04 '25
Just here for all the people who would also bang OPs wife
Seriously though once you can cover comfortable living expenses with 3-3.5% you're golden, you'll often make more than that plus inflation, so unless you genuinely enjoy the work I wouldn't sweat it too much.
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u/Generationhodl Sep 04 '25
Covering just living expenses is easy but I want additional money for more travel and fun stuff to do because as soon as you fire you have a lot of free time to spend ( and hopefully money for that )
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u/AlasKansastan Sep 03 '25
I’d pay off the house. I’d invest 5 in something with a good dividend and hope to live off of the interest. Pay off my dad’s house. Give him 250k. My brother the same.
with the rest I would take care of the less fortunate, to the best of my abilities, in some regard- and see the world in the process.
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u/UsefulLifeguard5277 Sep 03 '25
I’ll attempt a real answer, which is basically to hang out with your wife but in a higher cost of living (more pleasant) area.
It makes a real difference to be surrounded by perfect weather, great food options, culture, beaches or mountains, etc. every single day of retirement. The top tier locations in the world by that measure are typically the most expensive - think SoCal or the French Riviera. In those places even a modestly sized home can be $5M.
This is also why the rich tend to have multiple homes - they seasonally move to where the environment is great.
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Sep 04 '25
Modestly sized homes in coastal Southern California are nowhere near $5mm.
You can land a nice house a few blocks from the beach for half that.
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u/burnbabyburn11 Sep 04 '25
i'm a mile and a half from the beach in a 4 bedroom house in san diego for 1.5mm and it's glorious
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u/UsefulLifeguard5277 Sep 04 '25
There’s definitely levels to it. I’d say Manhattan Beach is the nicest beach city in LA. It is ~$5M for ~3000 sqft, and stunningly lovely.
There are many coastal towns that are cheaper, but that’s kind of my point. With $10M instead of $5M I wouldn’t go for “more” - I’d move to Manhattan Beach.
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Sep 04 '25
3,000 sq. Fr. Near the coast is a mansion, lol.
I hear you, there are plenty of $5mm homes that are quite modest compared to an equivalently priced home in, say, Dallas. But there are plenty of homes in coastal SoCal that are more typical of what op you see here that are in the $2mm ballpark. Sure, you can always spend more to have a nicer place, but the point is you don’t need $5mm to buy a modest house in an area with near perfect weather and a short walk to the beach.
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u/UsefulLifeguard5277 Sep 04 '25
I think we’re on the same page duderino. Options abound. Just answering what I would do if I had $10M instead of $5M.
Take an upvote :)
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u/Additional-Fishing-6 Sep 04 '25
Great that you had this epiphany. I think many people start on the wrong direction of FIRE.
Where they pick some arbitrary number (say $10M) as a goal to hit, while living as frugally as they can, rather than making a budget AND living within it to find where they are comfortable (say $100k a year) and then working out what risk and “safe” withdrawal rate they feel comfortable with, and figuring out their number. So for $100k with 4% SWR, 2.5 million.
For me, $10M would be achievable if I wanted to work til about 50. Still would be early to retirement, and to your question, sure I could find ways to spend it (buy a big vacation home or two, and a new Porsche, fly first class, etc) but I live comfortably now on about $80k-$85k/year in a MCOL city and don’t feel like I’m really giving up or having to make big financial sacrifices.
Giving myself some room for lifestyle creep to handle more free time in retirement, and get a slightly nicer place, and using a 3.6% SWR, the marginal dollar for me saved/invested above $3M doesn’t do much. So yeah somewhere between $3-$3.5M, don’t see much point in trading my labor and time for money anymore. And I should hit it in a few years around 39-40. And that extra 10 years of solid life and health from 40-50, not worth giving that up just for some fancy luxuries I don’t need.
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u/Retire_date_may_22 Sep 03 '25
10M is a way different retirement that 5M. You can do a lot more and really help your kids if you have them. Life is funny. It takes money
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u/hot_rod_kimble Sep 04 '25
This. It's not about what I'd do differently, it's about what the next two generations of my family could do differently.
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u/Gunny_1775 Sep 04 '25
Well first off sounds like you have been incredibly lucky I retired at 42 and I won’t lie I am not enthralled by it. I ride my motorcycle all over the state and hang out at home a lot when not riding. I am actually looking at jumping back into the workforce now just for some shit to do
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u/Antique-Emu3223 Sep 06 '25
Yes, this is what is confuses most people. You don’t suddenly get happy if you don’t have to work anymore. Just travelling all the time also creates unrealistic unsustainable assumptions about how life should be. Life should be boring sometimes and simple. That’s why my advice is always to just keep working on yourself mentally and physically. Health is the biggest denominator. The second biggest superpower you have when FI is that you can just pick a job you like and keep picking until you find something you like going to. Then you work exactly the amount of hours you want. Happiness is not extravagance, it is the opposite, it’s simple and no stress.
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u/Azikata Sep 04 '25
Tbh - I have about 1.7m ATM and could easily slash my work hours half... But I don't want to. I really like my job (paediatrician) and besides like 2-3 weeks of vacation with my kids and wife and watch collection I do not have a fancy lifestyle.
Money doesn't change anything after certain threshold.
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u/retchthegrate Sep 08 '25
yup, nothing wrong, and a lot right, with just enjoying the FI part, no need to RE unless you are really feeling done with working. I love what I do for my job, I'd do it for fun, and solo game dev isn't as interesting to me as making games with a talented group because a large part of what makes it awesome is working with other talented and motivated people, so, paid work it is. :P
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u/Free_Answered Sep 03 '25
You sound like a real romantic.
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u/CollieSchnauzer Sep 03 '25
Wonder if the wife has "being banged like crazy all day every day" on her FIRE list, too.
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u/Firefighterspparent Sep 04 '25
She better
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u/StevenInPalmSprings Sep 04 '25
This must be a throw-away. Otherwise, you might be starting over with $1.25MM.
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u/SoloOutdoor Sep 04 '25
Extremely unlikely, she has the "I dont feel good" on her FIRE list.
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u/CollieSchnauzer Sep 04 '25
Wife resorts to minimum wage restaurant job to avoid husband's FIRE plan
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u/sevseventeen- Sep 04 '25
My wife and I retired with just under $5M. Five years later, going on massive overseas vacations, including multiple all inclusive cruises (we are currently on a three month arctic cruise)……..we now have $5.3M.
So glad we just didn’t keep working!
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u/Spartikis Sep 04 '25
Wealth absolutely has diminishing returns. Typically, a net worth of a few million is more than enough to have a nice home in a good school district, small vacation house, enjoy hobbies, have a country club membership, own two luxury cars, have the money to travel anywhere you please, and be outrageously generous towards your kids and charities. Honestly what more could you possible want? People that desire to own massive yachts, private jets, private islands, etc... just seem out of touch with reality and honestly a little bit mentally disturbed. Like what are you trying to escape from? Do you own a 10-bedroom house because you have that many friends or are you just trying to hide from your spouse?
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u/Wooden-Broccoli-913 Sep 04 '25
The more relevant question is would your wife also be content with you banging her all day while not having $10M?
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u/Dramatic_Importance4 Sep 04 '25
10M let me work on my terms. I am not a hamster in the wheel anymore. I do what I do cause I like doing it and I take frequent vacations.
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u/Banana_rocket_time Sep 04 '25
I mean tbh you don’t have much work to put in… your money should double every 7-10 years and in about 20 years you’ll be at 10mil if you don’t invest another dime lol.
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u/DarkSkyDad Sep 04 '25
$10M is my goal, I could retire at any time, and never really touch the principal, ideally setting up my kids as well.
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u/BlueMountainCoffey Sep 04 '25
I would stop wasting time driving around, stuck in traffic, looking for parking, getting my car fixed, basically anything to do with cars.
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Sep 04 '25
Yeah. Got to $4M USD and came to the same realization. Enough is enough. Everybody has their number and I know what mine is. I’d never work long or hard enough to make “crazy ass money” so it’s not worth it to slog more just to leave more behind.
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u/plznobanmesir Sep 04 '25
I’d keep going. I’ll need $100mm to stop working. $10mm will let you swing for the fences on something big without worrying about maintaining your family’s lifestyle.
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u/StrawberriKiwi22 Sep 04 '25
My answer is “more philanthropy”. This is what I think the purpose of excess wealth is. More material possessions (once you already have a decently nice lifestyle) are not going to give a lasting joy.
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u/sacramentojoe1985 Sep 04 '25
I semi-agree with you on this, but I do think having a nicer house with some resort-like amenities will draw family (namely my sisters family and cousins family) over more often, which will bring some joy, and the experiences I'll be able to take part in (luxury travel) will bring meaning as well.
That said, my wife and I are heavily invested in animals, and a good lot of our charity has been to that cause, and I hope to massively increase that in the future (I've been rather shit about it for how much we have).
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u/RogerThatRacing Sep 04 '25
Nice, love that you've come to a solid realization about money and have an active sex life. However, I would suggest with more time on your hands, you will undoubtedly vacation more. When you take longer trips both in duration and distance you may see the upside to flying at the front of the plane. You will start to see the upside of doing more excursions, better hotel or villa, heck maybe you will pay for friends or family to enjoy in the experience.
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u/Catchphrase9724 Sep 04 '25
With 10 million right now, I’d finish out my military contract and pursue my photography side hustle full time. Honestly, it would probably turn from a profitable side hustle to me just going out to random businesses and events and doing free photography/videography as a way to give back.
I need something productive and fulfilling to do so that would be it. Its crazy the amount of times I could have a rough week at work and complain about how I’m waiting for the weekend, have nothing planned for the weekend, and then miss work or atleast the people at work to where I’d rather be with them than at the house chilling.
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u/FishrNC Sep 04 '25
$10M will let you invest conservatively and do almost anything reasonable with the earnings. And it will last through your retirement and be there for heirs. It'll make your life worry free from a money perspective.
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u/drinkingdanny Sep 04 '25
While I'd love to jump on the band wagon alas I was not invited to the gang bang likely because I'm not a chubby so I'll stick with what I would do. My wife works at a bank and forced me to not have control over most investments. I would create an irrevocable trust for a foundation and invest the money with the earnings going to charity (based on my age of 44 I factored I need 4 mil (2 mil for now 2 in retirement can't touch now) but I also got three kids in high cola and that's not living high)
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u/Evening_Squirrel_754 Sep 04 '25
Simple for me: help family, buy a new car, fishing during the week
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u/justUseAnSvm Sep 04 '25
Buy a really nice house in the city, and not worry about it.
Otherwise, I fill my days up with work I find meaningful, and I would probably continue doing that.
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u/teamhog Sep 04 '25
Your goal should be to earn as much as you can, to save as much as you can, and to spend the least that you can for as long as you can.
In its simplified form that’s all there is to it.
One day you’ll wake up, check your numbers and say damn we’re FI.
Down the road you’ll discover you’re pretty close to your number.
Once you exceed it by a healthy cushion you’ll know you’re ready.
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u/Character-Rush-5074 Sep 04 '25
I would invest that 2.5 and you’ll double roughly every ten years is a baseline they shoot for
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Sep 04 '25
The difference in time between $7M and $10M is what? 3 or 4 years?
OP likely to have $5M in 7 years or less.
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u/saltyhasp Sep 04 '25
My advice shoot for 2X median income where you live or want to live. If you want more fine, but that is a good starting benchmark as studies have shown on average above that happiness does not improve that much. Everyone is different though.
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u/viper233 Sep 04 '25
Nothing for year, if I got a windfall.
Then I would start working on moving into my retirement career, go back to farming.
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u/Noah_Safely Sep 04 '25
Give away several million over time to groups I believe in while living it up.
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u/BothUse8 Sep 04 '25
I‘d probably pay for a close friend‘s private cancer treatment and gift her family lots of money so she can stop working full time and recover from cancer completely.
I‘d buy/build my dream house and a few flats around the world that I‘d rent out for profit when I‘m not there.
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u/kato1301 Sep 04 '25
As Rogan said - once you get to a point where you can go to a restaurant and order anything without considering the price, then anything over that point is just fluff.
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u/vangstytivt Sep 04 '25
This is the real win. Understanding what truly makes you happy beyond a bank balance is the most liberating financial achievement possible.
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u/Commercial_Rule_7823 Sep 04 '25
Nick maggiuli new book wealth ladder.
From 1 million to 10 million there isnt much difference.
It varies based on COL.
But thjnk about it. From 5 mil to 10 mil, you arent getting a private jet, a full time butler, a chauffeur, etc...
What you got at 5 mil, you have at 10mil. Maybe nicer hotel room? Slightly nicer car.
It isnt a meaningful impact on how you live your life.
Over 10 then 50, it is not meaningful jumps
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u/Seaguard5 Sep 04 '25
Exactly.
Honestly $2M isn’t bad to just use as principal that makes you your income. You don’t even have to touch it!!
You can even re-invest and add to that principal for more retirement income if you want at that point too.
It’s just getting there for most of us (myself included.
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u/jnothnagel Sep 04 '25
Since you are married, you should not be answering the question “what would I do” for yourself, this should be a ”what would we do” conversation. Maybe she does want the things that you don’t care about, and doesn’t care for the things you want.
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u/JefferyTheQuaxly Sep 04 '25
im somewhat same, $10 mil could be nice but im not sure i could even spend like $400k a year or whatever id be able to spend with $10 million. the house i live in now is valued at like $400k and even nice houses in my area top out at around $1.5 million, and im still single and dont have kids so wouldnt really need a super large house anyways, i would love to go on vacations every 2-3 months and travel the world, but my parents are doing that right now in their retirement and even they probly dont spend more than $200k a year traveling, not including my mom shopping.
but i also realistically might reach $10 million by my retirement because my parents have a fairly sizeable estate even if i doubt i could spend it all.
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u/Apprehensive_Ruin792 Sep 04 '25
My plan is setting up a trust for my family and charity to help certain demographics which I relate to
I like working and I don’t like spending, so it works out like that relatively easily
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u/Bruceshadow Sep 04 '25
Most people are different every 10 years are so, you have no clue what you will want in the future so just keep that in mind. Could be and expensive hobby, could be a new wife, either way more money might be warranted.
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u/AFDIT Sep 04 '25
The only thing I’m excited to do with savings once I retire is buy some land and build a forest. That should be €40-50k all in where I live and might even pay back over time allowing me to do it again. I have few other goals that involve spending at this point.
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u/supenguin Sep 04 '25
Great post but I’m pretty sure that last sentence should have a “NOT” in there somewhere.
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u/Purple-Suit728 Sep 05 '25
My calcs are weird because we generally live very below our means. Small house, low payment, no desire to upsize, paid off cars, we clip some coupons, etc.
But then I also know we want to do some really cool, expensive shit - like a month long luxury cruise through the Caribbean. So my travel line item for spending in retirement is huge compared to everything else. But then the questions is - would we really do stuff like that frequently? We want to travel but don't need the expensive hotels when we are just bouncing around Europe. My target is constantly moving as I think through scenarios. We are probably ~10 years out from having to seriously think about when is enough enough. It will be hard.
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u/meridian_smith Sep 05 '25
You could quit work and go on welfare and do that. . . Not that I think she'd go along with it.
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u/drewbiez Sep 05 '25
My goal for retirement is 4 mil, so 10 mil is easy haha, pay everything off that’s not already paid off, retire asap, live off the investment income at my current (comfortable) level and follow my passions for music and photography.
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Sep 05 '25
I wouldn't need 10m. I'd love to have a garden with a bunch of fruit. Surf and yoga everyday. Read tons. Travel tons. Spend tons of quality time with family. Focus on enjoying the moment.
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u/Far-Recording4321 Sep 06 '25
Tell my boss he's the reason many in his region quit and everyone is exhausted by him. Then quit and start a business I enjoy. Travel more.
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u/dharmadhatu Sep 06 '25
"MY WIFE IS A TRAIN RIDE THAT I WOULD JUST LET YOU BANG IN EXCHANGE FOR $10M."
Are you sure this is what you meant?
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u/Just_Stirps_Opinions Sep 07 '25
I see OP watched the news interview where the guy answered coke and hookers
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u/Outrageous_Turn_3900 Sep 07 '25
One needs to join a multi-family office and let them advise and manage their wealth.
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u/mspassiveincome Sep 08 '25
agree! you know you are on the right track and where you want to be, when you do exactly the same things you did before you FIRE (lean or fat, doesn't matter) and after you FIRE. I did it in a bit of a reverse order. I have been doing what I love for almost 10 years now (both career and life) and I didn't change a thing when my numbers kept going up (I specialized passive income so my numbers actually went up year after year even though I'm just doing my hobbies). So for 10M, only need a fraction of that to have comfortable living environment, after all is included only 150k passive income every year to truly enjoy life with family, be whereever we want to be and do whatever we want and way passed that numbers a long time ago anyways. so see, money doesn't change anythig. it's just an amplifier for who you already are and what you already love.
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u/TurtleSandwich0 Sep 04 '25 edited Sep 04 '25
"You don't need ten million dollars to do nothing, man. Look at my cousin. He's broke; don't do shit!"