What FIRE stage are you in? (sh.itjust.works)

submitted 1 year ago by [email protected] to c/[email protected]

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Hi all, I see lots of subscribers in this community. What stage of FIRE are you guys in? curious about the demographic in here.

Neither FI nor RE
FI but not RE
FIRE'd
?

I am in the first category, working towards FI for seven years now and recently reached 100K NW. Unfortunately I live in very HCOL area so I still have long ways to go 🥲

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[-] [email protected] 7 points 1 year ago* (last edited 1 year ago)

Neither FI or RE.

But solidly in the boring middle, but over halfway. My principal is now large enough, and my runway until retirement short enough, that my contributions have less and less of an impact compared to my compounding interest…well, my theoretical compounding interest if the stock market improves.

Which is fortunate because I got laid off in March. I was worried about what impact this would have on my retirement date…and it won’t. I could stop saving now and still retire when I want to, with a slightly tighter budget. Or work a few more months and retire with the same large budget.

So that’s where I’m at.