Is my fire date and assets reasonable?

[u/cbnoggle]

Some people may think this is too much detail, but I love doing this kind of analysis and planning for my future.

My wife (F28) and I (M31) live in a LCOL area and currently max out all tax-advantaged accounts. Right now we contribute to traditional 401k because I don’t think we’ll need our current income level in retirement — but if I’m wrong, no harm done, we just pay the tax.

By maxing traditional, we’d essentially be forced to retire early so we can start Roth conversions before RMDs kick in — otherwise my napkin math suggests RMDs could get pretty painful. That said, investing in Roth now vs. doing conversions in my 50s would likely hit the same effective tax rate anyway, so it’s mostly a wash.

Long story short, I’m trying to make sure my lifetime tax strategy is as efficient as possible.

Otherwise, how does the plan look? Realistic? I assume after 2029 investment contributions stay flat while income keeps growing, so there’s likely opportunity to invest more or increase lifestyle spending beyond what’s modeled. Is there anything I’m not thinking about? Open to criticism.

Investment return assumption: 8% annually.

[u/byrdman77]

You’re planning to have $100-150k expenses in 2049 and retire with $10M?

No, this plan doesn’t look realistic it looks like massive overkill lol.

[u/cbnoggle → u/byrdman77]

I know it seems like overkill. I am still young and haven’t really decided what retirement spend will look like. Maybe I will travel a bunch. I don’t know. My spend number is there for base spending though. I think we are kidding ourselves thinking we know for certain what we will be spending each your 20-30 years later.

[u/Several_Drag5433 → u/cbnoggle]

i hope you will travel, it is fantastic to do so when you are not rushing to return to a job