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Retirement Discussions / FIRE Wannabees
|Subject: Re: Young'un sets FIRE goals||Date: 3/16/2007 9:02 AM|
|Author: han810t||Number: 4066 of 5139|
This is very do-able - I hit the $800k at 40, with 2 children in tow as well as a spouse. You may actually be able to do better (I'm now 52).
I am currently working on a MBA so I can part-time teach in my 'retirement' just to keep active. Be sure to plan something in your retirement - boredom is not good or fun!
I'm still working full-time, mostly because I like what I do, but I am a contractor, and can jump out at any time.
My youngest starts college in the fall, and has some very nice scholarships that should pay for 50-75% of her education, rest will be out of my pocket so she can graduate free and clear. My parents saved only for the older ones in my family, so I had to struggle - something I don't want her to have to deal with too much. Grad school will be on her dime, undergrad on mine.
Good luck - sounds like you have a good sense of fiscal responsibility.
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