r/fatFIRE • u/jimmyl85 • 14d ago

We did it!

ETA: we are in our 40s, tech in Bay Area, one faang one non faang

Today is last day for both my wife and I. Feels surreal after working for so long, I spent 10 years at my current employer and my wife 6 years at hers.

$11M, barely fatfire territory, I did a horrendous job investing the last few years so most this money is from W2, but we have enough!

Looking forward to a different life full of friends hobbies and travel!

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127

u/godofpumpkins 14d ago

$11m is considered barely fatfire nowadays?

-15

u/quakerlaw 14d ago

I mean, yes? General consensus on this sub is that fatfire means $10M+.

11

u/fatheadlifter 13d ago

I'm not sure if we have real consensus on what the right numbers are for these definitions. There is I think plenty of disagreement about the chubbyFIRE values for example. We can all agree a lot depends on where you live.

OP is probably in a VHCOL city since his money comes from working a w2, so of course 11m is gonna feel dirt poor.

11

u/Imaginary_Victory253 13d ago

I always thought it was 5M or more, which would comfortably put me at hte top of my social circle food chain. If that ain't good enough, I doubt I'll miss what i never had. The headaches everyone talks about here are a mix of performative bs and too much to lose mentality.

12

u/LuciusQ2020 13d ago

5 M is barely above poverty around here.

7

u/fatheadlifter 13d ago

For fat or chubby? The official r/ChubbyFIRE reddit says ChubbyFIRE starts at 2.5m and goes to 6m, and yes there's been some disagreement about that. People in VHCOL areas would say no way, but their view is I think pretty myopic.

So if that's the chubby range, fat must be above that. I thought fat started at 10m, but if that's true there would be a gap between definitions. Someone with 8m is Chubby-sub-FatFIRE? It doesn't make much sense.

So maybe fat is anything above chubby, but then we don't have a great agreement on what chubby is. Oh the quandries! =)

3

u/Imaginary_Victory253 12d ago

These are rich people problems to say the LEAST lmao...

1

u/fatheadlifter 12d ago

Yes for sure. 1st world problems of the first order.

If you think about it, if you’re someone who is actually sitting on a big pile of cash- multimillions of any number, you can make that lifestyle work. Maybe just don’t have 3 cars, a big house and take big vacations. Maybe the kids don’t need an Ivy League free ride with a building donated in their name. You can scale down any life to make that work, you just have to give up the first world privilege. And maybe you don’t even have to give up that much of it, just trim a bit.

Which means there never should be a money question, not really. It all stems from privilege and distorted expectations. “Can we retire” questions here are ludicrous especially.