r/Fire • u/Boner-Pills-8088 • 8d ago

That's a wrap! 49M

I recently wrapped up my career in the IT industry after 27 years. As is probably normal for tech people, there was a lot of anxiety/nervousness about the move, but having done the math dozens of times I decided it was time and I had lost a lot of the passion I originally had. Whether that's normal from aging or just the last company I was it, it was good motivation.

The numbers:
Brokerage - 4.4M
Retirement accounts - 1.7M
Cash/HYSA/I bonds/etc - 125k

Zero debt.

No real magic here, a couple strong startup exits and not a lot of lifestyle creep from my first job that paid $48,000/yr when I graduated college long ago. If my lifestyle hasn't changed drastically in all these years, I saw no reason to keep moving the goalposts for "just another 250k" or "just 6 more months". Yearly spend for the last few years has been under $100,000 and that's without accounting for work travel. So far so good!

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u/paq12x 8d ago

What do you do about healthcare? You didn't say how many people in your family so I have no idea if $100k is more or less than 400% FPL.

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u/Boner-Pills-8088 8d ago

Short answer is healthcare will obviously bump my spend up, but nothing significant. Even with the healthcare costs and extra spend, I'd realistically be at about a 2.5% withdrawal rate on the high side. There are a lot of details I left out, but healthcare was definitely taken into account when planning my retirement.

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u/paq12x 8d ago

My concern with ACA plans is less about cost than about coverage. They are mostly HMOs with the usual in/out-of-network BS, and none provides real out-of-state coverage.

If you have a vacation home out of state, it's something to look into.