u/brandok7

Roast my plan.

I see three issues with FIRE

1. Longevity risk; retiring at 30 or 40 has a significantly long time horizon. What if the stock market returns are 0?
2. Leaving your profession. Participating in a profession gives you meaning, identity, community and competence. 
3. General boredom. Does it get boring?

Facts of my case

35m 33f 

Work 4 days a week

Heavily in low interest debt to fund experiences

Over the next 5 years I think we can get to $400k in joint income (Midwest) while only working 3 days a week. We can use AI to automate portions of our jobs - same or better outcomes at work for less hours. 

Within 10 years I think we can get to $400k in joint income while only working 2 days a week. 

In our 30s, 40s and 50s I want to use our free time and ALL of our money on things like hiking, skiing, paddleboarding, pickleball, golf and traveling. These are all things that will be harder once our bodies break down at a ‘traditional’ retirement age. I only plan to actually save $10k to $20k a year. 

In our 60s I want to go back to working 3-4 days a week. This is how we will hedge against longevity risk. Have kids via surrogacy or adoption as well once we have an appropriate amount of life perspective to raise good adults. 

Roast my plan.

I see three issues with FIRE

1. Longevity risk; retiring at 30 or 40 has a significantly long time horizon. What if the stock market returns are 0?
2. Leaving your profession. Participating in a profession gives you meaning, identity, community and competence. 
3. General boredom. Does it get boring?

Facts of my case

35m 33f 

Work 4 days a week

Heavily in low interest debt to fund experiences

Over the next 5 years I think we can get to $400k in joint income (Midwest) while only working 3 days a week. We can use AI to automate portions of our jobs - same or better outcomes at work for less hours. 

Within 10 years I think we can get to $400k in joint income while only working 2 days a week. 

In our 30s, 40s and 50s I want to use our free time and ALL of our money on things like hiking, skiing, paddleboarding, pickleball, golf and traveling. These are all things that will be harder once our bodies break down at a ‘traditional’ retirement age. I only plan to actually save $10k to $20k a year. 

In our 60s I want to go back to working 3-4 days a week. This is how we will hedge against longevity risk. Have kids via surrogacy or adoption as well once we have an appropriate amount of life perspective to raise good adults.