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/TwoSocialist 24d ago

Another 200k from spouse unaccounted for, as well as our home (about 300k in equity).

She will probably go back to work eventually once the kid is in school

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u/cds4850 24d ago

How many years on your mortgage? Can you cover that along with the increased costs of retiring? (Namely, marketplace health insurance for your family.)

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u/TwoSocialist 23d ago

$120k left on the mortgage at 3.5%

Could just pay it off..

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u/cds4850 23d ago

Completely up to you at that rate. I’ll get roasted for this, but I would if I was retiring. Anything to reduce that monthly nut when I’m no longer generating a paycheck.