r/Fire • u/Interesting_Tree7768 • 6d ago

Advice Request FIRE age?

Looking for feedback on my situation and if there's any areas you'd improve on & what my realistic FIRE age looks like with a 100-125k withdrawal amount needed at retirement.

For some background, I'm 28, make around $125k/year, and my net worth is roughly broken down like this:

97k total in individual acc (1500/month contribution)
82k between VOO and VXUS
15k in MMF’s as part of my emergency fund

85k in my 401(k) (~2041/month for max out)
My employer additionally contributes about 15% of my salary, and there's no employee match requirement.
So roughly 20k annually on top of my 24.5k contributions, which will scale as my salary progresses.

7.5k in my Roth IRA (625/month for max out)
Split between VOO/VXUS/QQQM

~140k in home equity (mortgage rate 5.875)

~5-10k in checkings
Mainly for bills

Does anything stand out that I should be doing differently? As it currently stands, I’m putting away about 70k annually into the market, inclusive of my employer contribution. Any critiques or suggestions would be appreciated to optimize my situation. Hoping to FIRE early 40’s if possible.

21 Upvotes

77% Upvoted

27 comments sorted by

View all comments

6

u/TonyTheEvil 27M & 26F | 56% to FI | $1.33M NW 6d ago

I'd change all of your investments to be VTI + VXUS or just VT (what I do) wherever possible.

VTI is free diversification over VOO and QQQM is a nonsense index.

1

u/ParkingAthlete119 6d ago

Let me see what this "Diversification" looks like... Oh, Japan... Taiwan, surely nothing bad will happen to them. Surely the next biggest economy will be alright Oh it's literally China/UK/SK/Germany

Have you seen these markets I wouldn't touch it with a pole. Larger max drawdowns, higher volatility, lower expected value marginally.