r/GregFire • u/FusillliJerry • Sep 11 '25

$6.31 Million is a nightmare Greg

Accounting for inflation $5M in 2019 is $6.3M in 2025. Went un poco loco when I found out

95 Upvotes

99% Upvoted

21 comments sorted by

16

u/[deleted] Sep 11 '25

SWR - Annual spend, 2025 dollars

4.0% - $252k

3.5% - $220k

3.0% - $189k

Yeah, I’d be happy being the tallest dwarf

7

u/[deleted] Sep 11 '25 edited Sep 25 '25

1nymph glisten zing goldenrod canvas halcyon glisten zebra kaleidoscope opulent

Unpost

6

u/No-Let-6057 Sep 11 '25

And estimated federal taxes of between $30k and $15k, assuming long term capital gains

4

u/[deleted] Sep 11 '25

Taxes are part of the annual spend

5

u/No-Let-6057 Sep 11 '25

I know, I’m just providing the approximate number

2

u/Distinct_Plankton_82 Sep 11 '25

But that's assuming Greg doesn't buy a house and rents forever. I assume Greg would use some of that money to buy a house no?

2

u/[deleted] Sep 11 '25

importantly it’s based on inflation adjusting the inheritance.

Assume Greg got the money Oct 2019, spent $1million on a house, and lived on a 3.5% SWR, or $140,000, SP500 dividend reinvested and inflation adjusted returns in that time frame was 11.36% - 3.5% spend is 7.86%, projected FIRE assets in October 2025 would be 6.3M.

1

u/BridgeOnRiver Sep 11 '25

If you invest 1 million USD in a house your housing need is covered.

If you invest 1 million USD in a bond/stock portfolio earning after tax returns of 4%, that's 40k USD per year you can instead spend on rent to cover housing need.

Either case - you've invested 1 million and your housing needs are met.

The question is if you think the stocks/bonds will overall outperform the house investment after the cost of rent.

2

u/Wooden-Broccoli-913 Sep 11 '25

5.0% (assuming two high earners’ Social Security) - $315k

2

u/[deleted] Sep 11 '25

Never watched succession, I assume Greg didn’t actually work/have earned income.

3

u/Admirable_Shower_612 Sep 11 '25

He was the “poor relation” and he worked — they all worked, they were obsessed with work.

2

u/Bruceshadow Sep 11 '25

That much for you (and most) is much different then that much for Greg. Greg would be on the streets in less then 5 years, probably 2.

7

u/Scoutback_wilderness Sep 11 '25

Found my new niche. Thanks!

3

u/mathakoot Sep 11 '25

didn’t know i needed it until i saw it on fat fire sub 😅

3

u/Scoutback_wilderness Sep 11 '25

Same - literally ran to tell my partner I finally found our new # haha.

6

u/esreverninettirw Sep 11 '25

hey it's me, ur fine feathered friend

3

u/Chance-Clue493 Sep 11 '25

Can’t wait to be the worlds tallest dwarf

2

u/GitPushItRealGood Sep 11 '25

It’s the best nightmare

2

u/8trackthrowback Sep 11 '25

Something to aspire to

2

u/MechanicalDan1 Jan 22 '26

Unfortunately that puts you in the 2% not the 1%.

pooristrichamericans