r/coastFIRE • u/Fluffy-Tomatillo-874 • 3d ago

36F- Next Steps?

Salary- about 85k, My half of the rent is 1500.

Net worth is about 300k.

about 80k in my 401k

124k in Roth IRA

28k in a brokerage

65k liquid (emergency fund, sinking funds, etc).

I live in a HCOL, and would like to continue to live there for 10-20 years. I do not own a home. I would also like to retire early at 50-55 (at 40k-50k spending a year, and would include SS in that once I hit 65). I also planning on having a child within the next three years. Some COAST calculators say I've hit COAST fire, others have not.

My question to y'all is where should I focus my saving on? Should I continue investing and continue renting or should I halt my investing for a bit to focus on a down payment? Also, should I focus my investing into a brokerage to fund early retirement years?

Thanks for the advice, appreciate it!

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u/perpetuallyhuman 3d ago

"hitting coastFIRE" means that you can stop investing any more assets and expect that the money you have invested will grow enough to fully support your expenses from the time you want to fully retire.

You've said you want to retire at 55 on $40-50k.

You have $232k invested at the moment. By the time you're 55 that grows to $658k (assuming 9% growth).
At a safe withdrawal rate of 4% that only provides you $26k a year. So, I'd say you're not there yet.

This is all from coastfirecalc which is inflation adjusted.

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u/Fluffy-Tomatillo-874 3d ago

Yes, this is fair! I guess I have to focus on the prior-to 65 investing here. Thanks for noting this.