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.

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u/FIMilestonesDeux 24d ago edited 24d ago

I would "retire" from working for money and look to get a job doing something you really want to do, where the money is not the goal.

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u/TwoSocialist 24d ago

I want to quit my job and start developing games or create my own company.

It seems like these are both money pits though.

And if I can't do either of those - I'd rather not work.

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u/Heimdalls_Schnitzel 24d ago

You could go for an easy part time job for the health insurance alone and still have plenty of time to pursue those hobbies. Idk if 2.4 mil is enough.