"If you really want to retire early, likely as part of the FIRE (financial independence, retire early) movement, you have to set a goal and try to achieve that goal by any means necessary. This could mean living frugally or saving a good chunk of your income to hit your target number. This is the exact scenario one Redditor posting in r/fatFIRE has been hoping to achieve since they were 20."
"Spending aside for the moment, there is a question of whether or not another after-tax $3 million ($6 million pre-tax) is worth sticking around for, as this is the number the Redditor has been promised. We'd all love to be in a position where $3 million is immaterial, but that's precisely what this Redditor says about this number. The more significant concern is that by sticking around for this post-tax $3 million, they'll end up retiring at 57, which they say they don't want to do."
A person set a goal at age 20 to retire at 55 and has now achieved and doubled the target number before reaching 55. The individual continues to work under pressure from colleagues who are urging them to stay. Once highly-controlled spending has now exploded, increasing internal pressure despite financial readiness. An additional after-tax $3 million ($6 million pre-tax) has been offered, but accepting it would delay retirement to age 57, which the individual does not want. The person cannot understand why leaving is so difficult after nearly 35 years of planning and being close to the goal.
Read at 24/7 Wall St.
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