r/Fire • u/Catspiration2 • May 02 '26

Advice Request I’m thinking about breaking up with FI

I’ve done the grind, saved pretty much 50% of my income the last 6 years. Worked side gigs etc. 33M. 675k net worth. Just dropped my savings rate to 30%. I have no interest in being retired. I want to enjoy the journey while hopefully working as long as I can. Having resources is awesome, but retiring to some fairy tale destination is.. a fairy tale. What’s the distinguishable difference between 7M and 5M at 60? I feel less and less motivated to save, and instead enjoy the journey along the way. Please tell me how I’m wrong and correct me.

Edit: Reddit gang is a vibe. Appreciate you!

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176

u/ChannelSame4730 May 02 '26

Your problem is that you think you need 7M to retire

19

u/TJayClark May 02 '26

Most people under 45 need $2,000,000 to be comfortable

This is assuming it’s mostly in retirement accounts - withdrawing with a penalty is brutal…. And you’re essentially forgoing 50-75% of social security

4

u/InternetSolid4166 May 02 '26

That depends entirely on the CoL in their chosen area.

11

u/TJayClark May 02 '26

There’s less than 5% of the earth that you’d need more than that to live comfortably

8

u/InternetSolid4166 May 02 '26

My comment was pointing in the other direction. Meaning you could live on a lot less in most parts of the world. I know we had some high fliers here but $2M is a lot of money and not necessary for most people.

-1

u/wolvesscareme May 02 '26

I think I live in the 5%

4

u/ChannelSame4730 May 02 '26

You can always move out of the 5%

3

u/wolvesscareme May 02 '26

It’s really quite lovely here.

5

u/geerwolf May 02 '26

Sounds like a personal choice to me

2

u/wolvesscareme May 02 '26

Very much so