Hello, mustachians! I'm trying to figure out this whole FIRE thing so I can live my dream of becoming a full-time disaster recovery volunteer.
I'm sure I need some facepunches (who doesn't?) and I could also use some help making sure my numbers are correct for time-to-retirement under my current circumstances. My numbers are way-off enough to me that I'm not even going to post - maybe I'm just not expecting the result? Either way, your help would be greatly appreciated.
So...here we go. -braces-
Life Situation: Single, no dependents, 30.
Gross Salary/Wages: 104,000, plus a annual bonus that ranges between 1-5k.
Individual amounts of each Pre-tax deductions: none. Health insurance is 100% employer paid (a perk of working there long-term).
Taxes: Fed + Medicare + State = $2540/month, though that's likely to change with all the stuff coming next year.
Current expenses (monthly):
Roth 401(k) - 1,560
Betterment IRA - 200
Rent: 1210 (hate this, but haven't found a better option yet)
Groceries: 180
Restaurant/work cafeteria: 180
Food (total) : 360 (braces for a punch)
Car costs (gas, insurance, etc.): 210
Medical/dental: 30
Internet: 48
Cell phone: 46
Electricity (no water bill): 42
Entertainment (movies, netflix, etc.): 52
Misc (sheet music, books, random stuff like toothpaste): ~100, varies from month to month
Charitable: see liabilities.
Assets:
Employer Roth 401(k) w/3% match - 120,900
Roth IRA through Betterment - 11,300
US Savings Bonds (some mature as of this month, most not): 2283
Emergency fund: 30k
Not sure if this category counts things like my bike, musical instruments, or bought-with-cash 2015 Kia Rio (oh, the sweet joy of telling a dealer I wasn't doing a loan...almost as much fun as finally driving a manual again).
Liabilities: No loans of any kind (I ruthlessly murdered those as fast as I possibly could). Credit card is paid off in full every single month.
I'm providing a family member's college tuition. That particular hole sits at ~18k currently, with another ~8k to go. Theoretically I'll get that money back; pragmatically, I'm assuming the money is gone for good, an assumption I made going in.
...I tend to give ~$500 a month away to various causes. Yes, it's a lot; yes, it's very important to me to help others (see my FI plans); yes, I'll probably get facepunched for it.
One quirk: I have a non-Internet-capable phone. I'm unwilling to move to a smartphone until Apple or another company has actual usage controls. Cold Turkey has saved my life on the home PC front.
Let the facepunching commence!