A Redditor with a $12 million net worth is contemplating early retirement from a $1 million tech job. At 46, with two children in a high-cost-of-living area, the coupleâs projected annual expenses are $220,000. Commenters in the Chubby FIRE Reddit community generally agree that the Redditor is in a strong financial position to quit his job. His wealth is diversified with $6.9 million in a brokerage account, allowing for a secure annual withdrawal strategy. This financial cushion, combined with other assets and savings for college, suggests he can comfortably retire early.
The Redditor's financial breakdown reveals a solid foundation for early retirement, with his brokerage account yielding over $276,000 annually, sufficient to cover family expenses.
Community comments largely affirm the Redditor's ability to retire, indicating that with a $12 million net worth and multiple income sources, he's well-prepared for financial independence.
#early-retirement #financial-independence #retirement-planning #investment-strategy #wealth-management
Collection
[
|
...
]