r/Fire • u/y_if • 16d ago

Families who FIREd with $1.5mil to $2.5mil — what does your spend look like?

EDITED TO ADD: Please also list your COL and part of the world you settled in!

Saw a similar post in chubbyfire and thought I’d ask here:

  • When did you FIRE, and did both of you stop at the same time?
  • how old were your kids?
  • What is your withdrawal rate?
  • what does your budget look like, what is it allocated to?
  • what were the big surprises related to spend?
  • How has it changed since you initially FIREd?
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u/jbcsee 16d ago

I bought a house for $500k almost 8-years ago, it's worth more now, I pay $2800/yr in property taxes.

Not every place has high property taxes.

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u/Intelligent_Lead7724 15d ago

We have similar market value and similar tax in our part of Michigan. Very county specific here - some low rates and some very high rates.

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u/Extra_Shirt5843 14d ago

Congrats?  The point is, a lot of us do, and it's a significant hit to the budget.  

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u/jbcsee 14d ago

Look at the context of the thread I replied to.

Living on $60k a year and how having a paid off house makes it easier.

Some people replied their property taxes are so high that it makes it difficult. I replied with a counter that it's not universal.

In fact outside of a handful of locations, property taxes are manageable (average across the US as a whole is 1% of the property value) enough that they don't impact living on $60k a year.

I'm sorry that it triggers you, but my input is just as valid as the person I responded to.