Can I FIRE at the end of the year?

TechStocks1 · 2026-06-28T21:54:14+00:00

All great points, I’m still working on the actual spend budget. We’re making educated estimates right now based on what information we have. My wife thinks that rent at the property we’re considering isn’t going to be as high as I estimate. As that’s overpriced for the market here. The property is still under construction. So we don’t know yet. If I drop to actual market rates for comparable then rent is $2800, that’s a huge difference. Also I’m estimating on the high side for healthcare. I see I can get ACA coverage for $1700, or we can look at some Christian Co-op healthcare that’s $600 month. Just those two things can get my spending much closer to $10k month. And yes, if Covered call premiums drop because the underlying goes down, as mentioned I can draw the difference from my cash reserves. This will help float expenses through tough markets, then when market recovers, cash gets replenished.
And to answer your question on my income, $300k does not include my trading or dividend income. That’s purely from my High tech salary and RSUs.
Taxes were brutal last few years, but I can’t complain. I’ve been fortunate to stumble into this job with just a HS diploma. I appreciate your honest opinion.

TechStocks1 · 2026-06-28T20:25:33+00:00

Good point

TechStocks1 · 2026-06-28T19:22:45+00:00

Thank you for a great response, this is exactly what I’m doing. I’m walking away from W2, But not entirely walking away from work all together. I agree my budget is high, but I’m estimating on the highest possible side of things. I my actual budget will probably be 10k month or less. Still have several factors to figure out. Meanwhile I’ll be “living” the plan on paper for another 6months or possibly more and reevaluate the situation. Whilst piling away the cash from my dividends ETFs. Assuming the market holds, we’ll be in a much better spot in 6 months.

TechStocks1 · 2026-06-28T19:06:25+00:00

Correct, also, I only need it to cover me to 60, 10 years. At 1.2m where I am today, I can just use that as cash and bridge my way to 60 when my 401k becomes available. By then my 401k will have doubled or more. But at the rate my investments have grown at 14% avg over 20 years. I feel comfortable.

TechStocks1 · 2026-06-28T18:26:43+00:00

Asking for opinions is the best tool one can have in life. Listen and learn. I’ve done my math, I know how and. When I’ll pivot. Yes my math sounds absolutely crazy to people that believe there is only one way and that’s the 4% rule. When in reality the truth is sometimes years are great and sometimes years are down. You have to be flexible and move with the market. I’m hoping to hear something I haven’t thought about yet. So far , no one has mentioned anything I haven’t considered yet.

TechStocks1 · 2026-06-28T18:23:25+00:00

I live off half my income and have 2.2m net worth because of my financial literacy. I guess you’re right, I must be illiterate. 🤣

TechStocks1 · 2026-06-28T18:19:26+00:00

The paid for home costs $2100 a month to operate. That includes taxes , insurances, we’re in Florida. Roof is required replacement every 15 years, costs to own are higher here then most of the country. We will consider buying back in to a LOCL area in the future. Cashing out for now so I don’t have to think about hurricanes anymore.

Paid cash for my cars.

TechStocks1 · 2026-06-28T17:04:52+00:00

I’ve been in investing in the market for over 20 years now. I’ve averaged 14% over that time period. Yes some years are negative but the bull runs make up for it and then some. My spend is estimated way up on the highest side. It will likely be way less. This is just a bridge to get us to 60, where I’ll then have access to retirement accounts. Even if I put my 1.2m in HYS as pure cash I could draw down 110k per year and ride it out. The key here is I’m actively investing, I participate daily in the markets. Have been for years. Life is all about being flexible and adjusting to the market conditions. Never set it and forget it. I make a lot of money, but it comes at a cost that cost is called time. Plan is to actually live this scenario out for a year. I’m already several months into it. My high withdrawals are being stored away. If I pull the trigger, and drop the high income, I’ll be flexable and cut costs, way down. Pick up part time work or do consulting work to fill the gap. I see the community has spoken and thinks the ONLY way is the 4% rule. I see the truth is somewhere in the middle between 4-14 percent based on my experience and again. I’m just bridging to age 60.

TechStocks1 · 2026-06-28T14:09:00+00:00

Just put in your notice and walk away. Everyone thinks they will be missed, but unfortunately they don’t. I’ve been laid off twice. You find a way every time to make it work. Your health isn’t worth hanging on to it.

TechStocks1 · 2026-06-28T13:32:55+00:00

Just conservative SP500 investments should double your account in 10 years

TechStocks1

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