Am I/we Coast Fire? I think the answer is yes, but really appreciate everyone's help checking my math and assumptions.
We want to have 150k per year in retirement.
We have 2,200,000 currently saved. About half in tax advantaged accounts. By our calculation, we need 3.75 million upon (both of) our retirement. I plan to stop working at the end of this year (so I would be coast fire) but my husband wants to work another ten years. During those ten years he will contribute an additional 25k per year to savings (401k)
So, 2.2Million today, plus an additional 25k for 10 years at 6% growth per year should be around 3.9 Million in ten years. Right?
If so, I should be able to quit my current job and pursue my alternate (basically extremely low paying) job at the end of this year.
Also: if you are practicing Coast Fire, I'd love to hear how it's going...
Thanks!