#fire-movement

#fire-movement

He said that while many people set target retirement ages, people in the FIRE movement set target portfolio numbers. Unfortunately, he believes this is "inherently riskier" because you're biased towards being exposed to risk as long as possible to help your wealth grow quickly - unlike people who usually rebalance their portfolios and shift to safer assets as their retirement age nears.

It's safe to say that everyone hopes to have a nice savings and retirement account by the time they turn 45. The dream should always be to retire early enough to still enjoy one's golden years. If you can set aside $1 million by this age, it begs the question of whether you should and can retire early. If you are part of the FIRE movement, which focuses on financial independence and early retirement, any question about early retirement will focus on several factors.

In 2019, I embraced the FIRE movement and reduced my work hours to enjoy more time freedom while living on a strict budget.

"If you jump into this, you'll find a Redditor who has hit a post on r/ChubbyFIRE $5 million net worth. With this money, the goal is to live on a $200,000 annual spend, but they are unsure if it's enough."