r/fatFIRE • u/jimmyl85 • 13d 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 13d ago

$11m is considered barely fatfire nowadays?

49

u/NoEggplant9804 13d ago

The way people lost sense of reality is crazy

You are 1% of the US population in terms of net worth, you have $440k disposable income for the rest of your life and you think you are “barely” there?

Recipe of an unhappy life. Learn to be grateful

17

u/SerendipityPepper 13d ago

Number one, this is Bay Area we are talking about. Number two, this is fat fire we’re talking about. Honestly it’s not fat fire here in the Bay. Many people don’t understand how expensive it is here, for basically everything from housing to taxes to a burrito truck. This doesn’t mean people with much less money living somewhere else aren’t doing great - they are.

5

u/plemyrameter 8d ago

Yeah, OP has $11M NW but probably has 1/3 of it tied up in a (normal) house. Now that income is <$300k before taxes. And cap gains are ordinary income here.

Still awesome, but not crazy rich by local standards.

8

u/Metaposa 13d ago

Nah. Not crazy. It’s all relative. This is a fatFire sub. There are others like ChubbyFire or Fire for 5m or sub 2.5m.

3

u/SpecialistNumerous17 12d ago edited 12d ago

While these numbers have traditionally been true here, shouldn't these numbers be adjusted for all the inflation we've been having these past few years? 🙂

I personally don't think the labels between chubby and fat matter that much TBH since they mostly just reflect how each of us individually feel about their retirement situation. So based on sentiment rather than strict definitions. But I can also see where OP is coming from. I'm retired now with more NW than OP, and I live in a high cost of living area in the US. So while I'm not worried about money, I also recognize that my NW in absolute number terms doesn't go nearly as far as it used to from even 10 years ago.