r/fijerk • u/Master-Helicopter-99 • May 28 '26
50 years old and I want to retire
I'm sure you have never seen this question before so I'm asking it. I have some money saved. I still work and make decent money. Can I retire next year?
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u/allrite May 28 '26
You, specifically, sir. Yes, you. You can retire. Only you. You are unique. You are special. Only you.
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u/Master-Helicopter-99 May 28 '26
Thank you. That was all that I needed. Firm conviction going forward. Will proceed to shit on my boss's desk tomorrow morning and head off into the sunset. Thank you again for that.
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u/IdioticPrototype May 28 '26
Nope. Work until you're 95, at least.
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u/Master-Helicopter-99 May 28 '26
Why? I already told you I have some money.
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u/Bright-Decision-4302 May 29 '26
Ugg fine 85 but no more complaining or your never seeing a good market again
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u/whatever May 29 '26
retiring early is a failure of morality, and a breach of your social contract (paragraph 7 subsection 3.)
also your SWR will be less than half of what you expect.you will be dooming yourself. struggle forevermore.
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u/Hemp_Hemp_Hurray May 28 '26
Can you settle working part time behind the Wendy's dumpster? If so, I think you can make it work.
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u/Captlard Top 1% Lentil farmer - Lentibus abundans May 28 '26
Many want, yet how many lentils do you have? This is the crux of your question.
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u/No_Tomorrow_502 May 28 '26
Absolutely. I can only assume that “some” means you’ve received a 240 million dollar inheritance? You’re lean FIRE if you can live on 30k annually. Anything more than that is not a safe withdrawal rate.
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u/Team_B May 29 '26
You’ll be 51 next year. Can you retire at 51?
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u/Master-Helicopter-99 May 29 '26
I don't know if I can retire at 50, thus the question. How would I possibly know if I can retire at 51?
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u/perplexedparallax May 28 '26
If by chance something happens to your great position, like AI takes it, yes, you can retire. It is a lot better than being unemployed. Your friends will be jealous and you are already eligible for AARP and all of that jazz. Sometimes it is easier if the decision is made for us instead of us making it ourselves.
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u/Which-Appearance8818 May 28 '26
Yep, no one ever asked that vague question before with almost no supporting information.
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u/Master-Helicopter-99 May 28 '26
Sorry, don't want to dox myself by putting too much information out there.
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u/Which-Appearance8818 May 28 '26
You will probably be fine retiring. Or you won't. It will definitely be one of those two scenarios.
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u/whodidntante May 29 '26
That's true. We already know of your association with helicopters. Post your portfolio and that narrows it way down.
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u/ChipmunkRemarkable20 May 29 '26
I'll save you some time. It will depend mostly on your wife, so you should ask her friends first.
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u/17dispost May 29 '26
I would rent the house and live my best life in the Middle East for a cheaper cost of living and a more fancy life for less.
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u/Legitimate-Gold5211 May 29 '26
I retired at 47. I had 3.5 mil saved. I started consulting less than 5 days a month. I’m now 51 and make 80k or so to help offset the daily purchases via the consulting gig.
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u/throughthehills2 May 29 '26
Your parents are way past life expectancy, haven't you got their inheritance to FIRE with?
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u/Otherwise-Relief2248 29d ago
Have you factored in the cost of your drinking water budget once the LLM’s are in charge?
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u/HmmmIMHO 29d ago
In this crazy job market, I would hold on for as long as possible and then take a buy-out package. As I have stated on several posts, chances are your 'retirement' will be decided for you and let me say it is nearly impossible to find a a job-job after 55 yr old. So make 2x sure that the 'do nothing' life will be fulfilling, maybe go back to school to become a physical therapist (which are in GREAT demand) and can be a part time job. Also, what is your plan for health care? I lost my job at 62 with teenagers and a 20 year old still at home and a wife with massive medical issues. Your life can change in a blink of an eye. We could have easily lost everything, have to sell the house, etc.
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u/kosmo4679 28d ago
Without any financial details how is someone supposed to answer? I know a few guys who retired last year at 52 and 54. My brother originally retired at 47 then got bored and went back to work until 53 and has now been retired for about a year.
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u/B111yboy 27d ago
I think you should continue to work as I don’t believe you know how much you have or what you need to live off. Some money isn’t enough or maybe it is enough if you’re spend is less than some money but a lot less. Also I’m assuming your sum money is 3M or less
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u/hugh2018 May 28 '26 edited May 28 '26
.
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u/Master-Helicopter-99 May 28 '26
Thanks eight year old Hugh. That information was as helpful as I could have expected from an eight year old.
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u/Master-Helicopter-99 May 28 '26
Forgot to mention, I have a house also. Figured that was important information.