Today felt like any other day, except on paper I officially crossed my FIRE number. I’m not really sure how to celebrate it. Other than my long-time girlfriend, nobody in my life knows I even plan to retire early, they just think I’m “doing well financially”. Hence, I figured I’d mark the moment here.
About me: 35M VHCL Living with GF (hopefully soon to be finance) No kids Software Engineer - 7 years at a FAANG company, followed by 6 years at a tech startup that ultimately went public
Biggest factor: Luck (right place, right time), Tbf I wouldn’t be able to reach this milestone as quickly had I had to start all over again. Having a high-paying job for a decade certainly helps, but a major liquidity event from a startup + VTI doubling the last few years and really accelerated everything.
Current portfolio
$12M in Schwab, roughly 80% VTI and 20% VXUS, self-managed
$850k in 401k/IRAs - 550k VTSAX, 300k Bitcoin ETF
$600k in company stock - waiting for another 400k to be released in Q1, haven’t decided whether to rotate into VTI/VXUS or just keep this as a long term speculative bet
$250k in home equity. Pretty modest starter-home, so I’m actively debating whether to upgrade to a forever home sooner rather than later. I hear getting a mortgage once I quit will be impossible. Alternatively, through Schwab I could use a portfolio line of credit which floats at the fed funds rate+100bps.
$150k of crypto in coinbase (all in ETH and BTC, as I don’t really trust anything else)
Current yearly spend: $250k-300k
My plan is to withdraw 4% of my liquid portfolio which should give me some buffer for lifestyle creep and to help out my parents (they immigrated to the states later in life and don’t have robust retirement plans)
Going to give notice at work soon, and hoping to be officially funemployed in Q1.
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