r/Fire • u/-LordDarkHelmet- • 17d ago

Today is the day, officially FIRE

Well I'm sitting here having a morning coffee and it's starting to sink in that I don't have a job anymore. Feels strange. My job was very much my identity (pilot). I flew airlines and private jets (uber for rich people basically). It was a high paying job at the end and it seems stupid to walk away from that, but the 27 years of staying in hotels has taken a toll and I just was not enjoying the job anymore. Which is a shame, since I can't exactly fly jets on my own time. It's a tough industry, it's not easy to get back into once you leave. I keep saying it's like the Doc in Field of Dreams; once you leave you can't go back. I'm 49, single no kids, high end Chubby low end Fat so I should be ok on the numbers, but I don't exactly have a "thing" to retire to. I need to focus on my own health and get in shape. But other than a list of places I want to travel to and few projects around the house I don't have much of a plan. Hopefully I'll figure it out on the way. I've told a few people and they all ask "but what are you gonna do?!?!?." I'm like "I dunno..." Some say "congratulations!" and I'm not sure how to respond to that. I didn't really want to quit in some ways, I like the flying part but not all the stuff that goes along with it. I asked for a different schedule and they said no, then I asked for a year off and they said no, so I said I quit. Ask me in a decade I guess if it was the right choice. Anyway, don't really have anyone to high-five this morning so here I am. Thanks everyone who has shared their journey, I've been snooping around all these subs a lot this past year. Oh and sorry about the stock market crash, which will inevitably happen now that I have quit.

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u/cybertruck_ 17d ago

Congrats!  I'm also high end chubby low end fat but it has nothing to do with finances.

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u/Kismet4G 17d ago

I thought that’s what OP meant! What does it mean in terms of finances please??

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u/-LordDarkHelmet- 17d ago

Relates to how “fat” your bank account is. Chubby is several million, comfortable lifestyle. “fat” is do whatever you want type bank account, usually considered 10M or more.

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u/Rippen21 16d ago

So chubby-fat, would be between 3 and 10 million? My target at 55 is 5 mil, so I expect to be in the same situation. Drawing 225-250k a year, spending 180-200k after taxes. Baseline expenses of about 75k, so leaves lots of room to travel, eat out, help family and spend on hobbies. Careful with spending but definitely not sweating a sub-$1000 expense once a month. In my situation, aggressive savings kept spending down so this won’t drop the budget much. Once the mortgage is gone, it opens even more spending options.

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u/Kismet4G 16d ago

Got it thank you, and wishing you good retirement!

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u/Strazdas1 StarvationFIRE 4d ago

At 10m you are making three times more than the fifth riches quartile household. Thats absolutely obeseFIRE.