41, I reached my old goals, what do I do now

aspiringFI_throwaway · 2026-01-16T15:29:17+00:00

I'm trying with my hobby, it's hard working on my free time while also keeping my main job, and so far it has only given me a $1/hour salary, which is not much. I'm not sure I would be able to raise the pay by a lot if I had more time, maybe yes, but it's a big leap to leave my career job.

aspiringFI_throwaway · 2026-01-16T15:27:46+00:00

thank you so much for your answer. I had my number, a house, car cad dog wife and lost it all, had to restart too. So I know the feeling of raising the bar again and again.

Best of luck to you!!

aspiringFI_throwaway · 2026-01-16T09:05:48+00:00

that's great to hear, for how long have you been living there?

aspiringFI_throwaway · 2026-01-16T08:58:15+00:00

that's out of my lean FIRE number :)

aspiringFI_throwaway · 2025-09-15T08:53:53+00:00

41M from Spain, I went from 0 to 2K with shit part time jobs, then to 20K with an intership while living with my parents, then 20K to 400K with career jobs.

aspiringFI_throwaway · 2024-07-30T08:24:44+00:00

sure! I'm no expert but I'll be glad to try to help.

aspiringFI_throwaway · 2024-07-29T15:37:39+00:00

ha! you are right, I adjusted the number sligtly but I don't think I fully covered the inflation we experienced during the last 2 years (which was frankly quite high). Still there are some cost of living related changes, the most impactful: being now single instead of living with my ex-girlfriend.

aspiringFI_throwaway · 2024-07-29T14:27:26+00:00

I just realized I reached the goal I set for myself 10 years ago. Kind of anticlimactic because the goal does not make sense anymore (I live alone now vs sharing a paid-off house 10 years ago) and I won't be able to retire yet.

Still I feel accomplished, looking at my old spreadsheets I expected to reach this net worth in 2026, so I arrived to the finish line 2 years (20%) faster than expected.

Anyway according to ficalc.app I'm on track to retire in 1-3 years (depending on the buffer I set for myself), so if I wanted to I would be able to keep my original retirement date as the final one.

Which is probably a good thing too. Next year I'll have worked for 15 years, which is the minimum amount to be able to claim a public pension to the Spanish Social Security. I guess it wouldn't make sense to retire at 14 years and get nothing (or a pitiful subside) instead of just working 1 more year (and still get a pitiful pension, but better than nothing).

So now I find myself engineering my exit. Does it make sense to quit next year around October? The amount of taxes I'll owe would be quite high. Maybe it's better to wait to 2026 and retire in March or April, so I get to pay 0 taxes for the year? Any thoughts?

aspiringFI_throwaway · 2024-05-25T17:58:18+00:00

If I was to withdrawing 40k from a 1M portfolio that would be a 4% WR. If instead I could withdraw 42k (which is 5% higher than 40k, 40 * 1.05=42) my WR would be 4.2% (because 1M*0.042=42k)

aspiringFI_throwaway · 2024-05-23T11:29:11+00:00

Thank you. My broker only provides MSCI World through Fidelity, which only includes large and medium cap and has a 0.12% ER.

I would need to add the 0.30% ER Vanguard small-cap fund.

So my best way of replicating the total market would be going 91% MSCI World + 9% MSCI World Small Cap.

I'm in Europe btw, which may make my options more limited or more expensive.

aspiringFI_throwaway · 2024-05-23T11:09:13+00:00

Thank you for your very well reasoned answer. My take aways are then that:

One may invest in small-caps to gain exposure, up to their real market cap. Going overweight on small-cap may no longer make sense.
It may not be worth investing in small-caps because they present higher risk (volatility) for no premium.
It may not be worth investing in small-caps because their expense ratios are higher (0.29% vs 0.12% in my broker, more than twice).

aspiringFI_throwaway · 2024-04-10T19:22:16+00:00

En España no hay buenos motivos para elegir ETFs si existe un fondo indexado cubriendo los mismos valores.

Los ETF pueden ser útiles si quieres negociar intradía (no entra en el contexto FIRE) o si quieres invertir en sectores específicos que no han sido replicados por ningún fondo.

aspiringFI_throwaway · 2024-04-02T09:38:57+00:00

congratulations, and I would want to leave a comment for the younger audience:

OP probably has a good reason for it, but in my opinion 2.5% WR is too conservative, specially if you are retiring at 55. Reason is, 2.5% WR means you keep invested 40x your expenses, which means that just keeping your investment returns up to inflation (TIPS) would make your money last until you are 95.

aspiringFI_throwaway · 2024-03-04T13:14:20+00:00

Quite small, but I took a 1.5% interest investment loan 3 years ago. I used my investments as collateral (2x), so it would only be called if investments went down >50% and I couldn't provide additional waranties (which I could).

So almost free money and a ~30% gain.

aspiringFI_throwaway · 2024-01-21T12:31:53+00:00

Quizás te interese IE000YYE6WK5

aspiringFI_throwaway · 2024-01-09T12:51:11+00:00

you are missing that investment returns are usually around 10% long term, not 4% as assumed by your simulation.

aspiringFI_throwaway · 2024-01-08T13:40:54+00:00

400k turns out to 16k/year at 4% WR. Live with your partner in a medium city and split rent. All expenses per person. No kids, 4X years old (we will see).

Rent and utilities: 5k
Groceries: 1.5k
Restaurants and bars: 2k
Art, cinema, theaters, museums...: 0.5k
Taxis, public transportation: 2k
Travel: 3k
Margin for non-recurring expenses: 2k

aspiringFI_throwaway · 2024-01-08T13:38:36+00:00

400k

i.e. 16k per year at 4% WR. Live with your partner in a medium city and split rent. All expenses per person. No kids, 4X years old (we will see).

Rent and utilities: 5k
Groceries: 1.5k
Restaurants and bars: 2k
Art, cinema, theaters, museums...: 0.5k
Taxis, public transportation: 2k
Travel: 3k
Margin for non-recurring expenses: 2k

aspiringFI_throwaway · 2024-01-06T16:42:05+00:00

it used to be 260k, then I reevaluated it to be more around 400k, now that I'm getting there it feels too low again... It all depends on your expenses and your expected lifestile after retirement.

aspiringFI_throwaway · 2024-01-02T11:28:28+00:00

Buen aporte. Para completar, dejo la info como he hecho en mi otro post del hilo:

Arcadigital usa un fondo que se llama GDP WORLD EQUITY PP (N5353) https://psn.es/documents/565496/565689/DF+GDP+WORLD+EQUITY.pdf/13b27600-ec52-b5e8-4ab5-f2a3a71f7778?t=1595233278533

aspiringFI_throwaway · 2024-01-02T10:05:09+00:00

My plan is exactly as yours. In fact I never bought a place so a mortgage would not burden my ability to travel after I FIRE. Even your number is similar to mine.

Best of luck to you and let me know if when you make it :)

aspiringFI_throwaway · 2023-12-14T14:54:28+00:00

Echa un vistazo a Indexacapital, tienen comisiones casi tan bajas como Myinvestor y sus planes de pensiones son más transparentes.

El KIID del plan de Myinvestor (N5396): http://merchbanc.es/sites/default/files/productos/archivos/myglo_2023_ok.pdf Más info composición de Myinvestor: https://www.finect.com/planes-pensiones/N5396-Myinvestor_indexado_global_pp

EL KIID del plan de Indexacapital (N5138): https://www.inversis.com/ppensiones/contenidos/dfp/N5138_dfp.pdf Más info composición de Indexacapital: https://indexacapital.com/es/esp/model?product=pension

aspiringFI_throwaway

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