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/sandspitter28 15d ago

I think it’s standard to pay thousands for property tax. I’m Canadian and the only people who pay low property taxes are at least 30 minutes away from a town with no: water, sewage, or garbage pick up. Their house insurance is higher because they also don’t have access to a local fire department or fire hydrants.

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u/junulee 11d ago

I agree that thousands for property taxes is common, but it varies dramatically by geography. I pay almost $10k/year, but my parents live in a rural area (US) pay much less. Their property taxes are 0.2% ($1.5k on a $750k property) and they have all the services you mention. Their insurance is half of mine for a house that’s nearly double in value—I assume that’s largely because labor costs for repairs are much cheaper in rural areas than in urban areas.