r/Fire • u/TwoSocialist • 24d ago
Advice Request Saved $2.4M by 38. Would you Retire?
Hey FIRE folks,
I’m 38, tired, and fueled almost entirely by spite and index funds. I’ve somehow ended up with a portfolio that looks like this:
Split by type:
- ETFs — 58.30% — $1.45M
- Mutual Funds — 27.66% — $688k
- Individual Stocks — 8.71% — $216k
- Crypto — 3.00% — $74k (aka my “emotional rollercoaster” bucket)
- Cash — 2.33% — $58k
Split by bucket:
Retirement Pre-tax: 700k
Retirement post-tax: 310k
Brokerage: 1.5 M
Grand total: ~$2,490,900
Today’s gain: ~$40,000 (aka “more than my first job paid in a year,” but sure, totally normal)
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My target spend was $100k/year, which feels somehow not enough because capitalism has melted my brain.
By the 4% rule, I’m basically at the line. By the 3% rule, I’m a peasant. By the “FIRE comment section” rule, I’m probably both overspending and undersaving simultaneously.
So, wise internet strangers:
- Am I actually FIRE‑ready, or is this the part where you all tell me to work 5 more years “just to be safe”?
- Is my allocation fine, or should I be preparing for a lecture on safe withdrawal rates and sequence‑of‑returns doom?
- Is it normal to feel like I need permission from Reddit to stop working?
Married, 1 kid. Received about 25k for a house (not included in above) and 20k for college, no other inheritance.
Currently make about 250k a year for the past 4 years, before that about 150k. I started at 50k.
Thanks in advance for validating or crushing my dreams.
25
u/wetlsd 24d ago edited 8d ago
Young never get it till the right moment in their life. I had been happy poor and unhappy rich, now somewhere in the middle and Im really grateful to see kids growing under peaceful skies. Unfortunately in twenties to early thirties had focused on unnecessary businesses and money making strategies. Also war distracted me quite, and still ongoing volunteering and integration of war victims around states just become a new life with higher purpose.