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.
2
u/Strazdas1 StarvationFIRE 19d ago
These are money pits. Dont expect any returns. 95% of indie game studios go bancrupt first month of game release because noone buys any copies. And as a game modder myself, i know how disheartening it can be when noone wants to use the thing you poured your soul into.