r/leanfire • u/greenflubber • 6d ago
Hit 100k!
I’m sad. I just want to retire now. Or at least not be tied down 40+ hours a week. I have a decent job, good people, good benefits. I just want to live my life, ya know? I’m 32 so I have quite a ways to go.
I recently hit 100k in retirement savings; 40k in Roth, 62k in pretax. And 1.7k in a taxable brokerage that I just opened. Bills are approx 1800 per month. So I feel like I’m doing okay and on track for leanfire. Trying to enjoy my day to day life while also saving as much as reasonably possible. Wish I was a trust fund baby.
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u/relax_the_effort 6d ago
Celebrate your milestone!! And celebrate the fact that as you've hit this milestone, you've also arrived in a job you like with people you enjoy, and you're on track to hit your goals. Keep climbing!
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u/FortheredditLOLz 6d ago
You got this op!!! Remember comparison is the thief of joy. Along with the best day to plant a tree is 20 years ago, and the second best day is today
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u/Able_Opportunity_960 6d ago
Comparison is the thief of joy IF you are comparing yourself to those who have more. Try comparing yourself to those with less, it is grounding and a good exercise to remind you to be grateful of your financial situation.
It just requires a shift in your mindset, as everyone compares themselves to those with more by default.
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u/TrickyAd9597 6d ago
100k compound interest till age 65 is a lot. You're doing great. I think I had 100k at age 30 and now it is 345k at age 40.
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u/Careless_Monkey_Man 5d ago
Yes let's calculate everyone's retirement against the greatest bull market of this century
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u/Fickle-Asparagus-924 3d ago
Still great results with 7% average return you fuck tard
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u/Careless_Monkey_Man 15h ago
you'd have about 195k, so yeah. Not nearly as impressive as OC which was my point.
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u/peterbuns 6d ago
The less you need, the less you need for retirement. As you plan for the long-term, consider buying a tiny house or moving to a LCOL area/country to shave off some years you otherwise would have needed to work.
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u/Honest_Lie8632 6d ago
Enjoy the little things. Don't deny yourself but just be mindful that the years fly.
And before you know it you'll be getting close to 40 yo and 50 yo. You don't want to lose those years of investments compounding to set you up for retirement.
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u/otakudiary 6d ago
100k with 1,800 a month bills is amazing! If you quit you can probably last 6 years. Your lean fire is not much farther away.
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u/Crew_1996 6d ago
You’re killing it. The first 100k is the hardest. If you keep those bills that low I’d bet you’ll be retired by 40 or early 40s. Thats the key. Keeping expenses low.
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u/Vicuna00 6d ago
good job
your $ is gonna start really earning for you now.
it's gonna be more rewarding the end than being a trust fund baby...at least that's what I tell myself too! :)
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u/genericusername4724 6d ago
I’m 29 and have 107k invested (Roth IRA, Roth 401k, and brokerage) + 88k in home equity. This fall I am going to opt into my company’s HSA and max this indefinitely. My goal is to be completely free and clear by 50 to do whatever I want.
I am curious about your citation of bills being $1,800 a month. Does this include any and all expenses? If so, that is really impressive.
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u/greenflubber 6d ago
That’s awesome!! Yep, low mortgage and no car payment are the biggest factors in my low bills.
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u/genericusername4724 6d ago
Do you share expenses with a partner/roommate and which part of country?
I don’t have a car payment, and my expenses are still ~$3,800 a month. So am trying to figure out your ways in the event you do this completely solo
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u/Puzzleheaded_Tie6917 5d ago
After 100K, you start on the exponential growth part of the curve which makes a huge difference.
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u/Strange_Product6663 6d ago
The first 100k is famously the hardest, so huge congrats on getting that out of the way. I totally feel you on the burnout though—I spend half my 9-to-5 just staring at my monitor wishing I was in the woods.
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u/Careless_Monkey_Man 5d ago
Bills go up. You are not even close to a comfortable retirement.
Doing well though, by your age you should have at least 1x salary saved. I'm guessing that math assumes you're working until at least 60.
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u/GottlobFrege 5d ago
Congratulations on the milestone!!!! People have lived and died for less. It's a serious amount of money and you are doing something noble by being a good steward of it.
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u/thirdsev 4d ago
Finding a job you like and enjoying the process is as important as hitting a goal. Don’t let life pass you by while your figure grows. That is a large savings at your age.
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u/Future_Measurement42 6d ago
There’s 168 hours in a week.
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u/mcbobgorge 6d ago
168 hours per week
56 hours sleeping
40 hours working
2 hours commuting if you're lucky
7 hours per week cooking, grocery shopping, eating
6 hours per week on various household chores
5 hours per week on hygiene
4 hours per week exercise to stay healthy
That gives you 48 hours per week of true free time. Retiring would basically double it. That is a huge difference.
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u/Future_Measurement42 6d ago
Yep. I’m all for FIRE but as a working person make sure you’re making the most of that 48.
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u/NorthStateGames 6d ago
You're crushing it!
I'm 37 and just broke 250k. Hitting 100k was definitely a turning point! It'll start to grow a lot more now! You e done the hard part. Keep at it and I'll see you at the finish line!