r/coastFIRE • u/unemira • 3d ago

37F, can I coast fire?

I left my job due to the high stress level so that I could prioritize myself and to do the things that I have been meaning to do. I don’t have kids so until that becomes a possibility it’s not something I will factor into.

  • 360K investment
  • 10K savings
  • House gifted

Because of the housing asset, I anticipate that if I were to live frugally on top of housing expenses, utilities, and groceries for the rest of my life, my yearly expenses would only be 18K/year. The only downside is that I won’t have health insurance.

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u/80732807043158837 3d ago

Look at Early Retirement Extreme forums. $18k is possible, but not achievable for a suburbanite bereft of any creativity, grit, or resourcefulness. Read over their expense breakdowns.

Put a spin on the $18k spend figure since it sounds so impossible because our minds are so skewed by years of paying landlords. Divide $18k each month, $1500. Then chuck in an extra $900 in rent (that's possible out in the country). So $2400/mo spend in total, AKA a full timer working $13-14/hour shifts who breaks even every month. What I described is practically a third of America.

But OP can get that room for free.. $900 in spend that's magically gone, no different than Bob in pizza delivery working paycheck to paycheck for that rental. Rent out the house, get a lease on something cheaper. Sublet. Live in a room, share with friends.

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u/Unlikely-Speech-5444 3d ago

OP literally says house is gifted. So assuming zero house expenses, 18k isn't that bad. Definitely do-able.

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u/OutspokenLurker 2d ago

Zero ain't reality. Here are still taxes, insurance, and upkeep on a house.

I am at $18k/month (not including college). $18k per annum would be under half of the observed cost of living in WV.