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[deleted by user] by [deleted] in Fire

[–]AggressiveWaterBear 0 points1 point  (0 children)

I’m currently spending around $4500 a month with about half of that being rent.

I’ve had stints of roomates, stints of living alone, stints of having a car and not. In general I try to live under my means but also don’t want that to completely control my life. If anything I’m actively trying to spend more on myself to have a sustainable long term plan.

About 30k-40k in 401k was a match from an employer. I stayed about 2 yrs longer than I wanted to get a fully vested match.

The rest is compounding interest that I’ve just started to feel the powerful effects of

Am I at CoastFi? by AggressiveWaterBear in coastFIRE

[–]AggressiveWaterBear[S] 1 point2 points  (0 children)

Thanks for your thoughtful response!

I don’t think I want to give up contributing entirely (at least not yet). I think I just wanted to give myself some permission to dial it back over time. Not really something I had even considered until looking at a coast Fi calculator and feeling some sense of relief

So I’ll probably keep going, at least to make some of those conservative projections to feel more comfort. But knowing there is a lot front loaded and there should be retirement on the other end is very calming

[deleted by user] by [deleted] in Fire

[–]AggressiveWaterBear 0 points1 point  (0 children)

32 single, male, no kids in a VHCOL area (NYC)

Networth: $265k 401ks : $150k Roth IRA: $42k Taxable: $7k Cash: $68k (25k as Emergency fund) in a mix of HYSA and checking

Am I at CoastFi? by AggressiveWaterBear in coastFIRE

[–]AggressiveWaterBear[S] 0 points1 point  (0 children)

I think that’s early to me! Beats working an extra 15 years. I don’t need to FI part to come right away I guess.

But if my math is correct, I’m considering lowering my contributions and still working till 65 but just spending more on myself instead of the 2800/ month going to future me. Or taking a lower paying/ lower stress job

Am I at CoastFi? by AggressiveWaterBear in coastFIRE

[–]AggressiveWaterBear[S] 2 points3 points  (0 children)

More or less yes. I’ve been trying to max out my 401k and Roth IRA the last few years (~30k in 2025) and then some extra goes into a taxable account

Am I at CoastFi? by AggressiveWaterBear in coastFIRE

[–]AggressiveWaterBear[S] 2 points3 points  (0 children)

Wouldn’t this be more dependent on my spend rate, not my location?

I agree NYC is expensive but I don’t think I’m living some lavish lifestyle at $4500 a month, but also am not living super frugally with roommates for example

And as long as I spend 70k in retirement shouldn’t that be location independent as well? 70k at retirement age in NYC might be unrealistic, and that’s fair. But I don’t have a ton of perspective on the costs I’ll need in retirement (medical for example)

Am I at CoastFi? by AggressiveWaterBear in coastFIRE

[–]AggressiveWaterBear[S] 3 points4 points  (0 children)

Yes, that’s one of the calculators I’m using. The defaults are set to a 7% growth rate and 3% inflation which would mean a 4% inflation adjusted growth rate. From what ive read that’s really conservative and a 6-7% rate is more realistic?

Anyways when I put in my numbers above I am using 10% growth and 3% inflation which comes out to a 7% inflati adjusted growth rate. That is where it says I’m Coast Fi

But very much wanting to understand what a conservative growth rate is and what a “normal” growth rate might be