It seems like a lot of people on here mention a "semi-retirement" phase in their plan, but I haven't seen an in depth conversation on what this means to everyone.
Here's my current plan (or at least one of my current plans):
in 3-4 years we should reach the point of replacing 75% of our current spend. At that point, the wife and I, will consider ourselves "semi-financially independent." We could easily live on that 75%, but long term would like to have a bit more than that, probably about 100% of what we spend now (We live absurdly well right now, by my standards, and if we replaced "work related expenses" with "free time related expenses," we'd live even better.).
So my plan is to spend the ensuing 5 years doing some combination of contract work and living very cheaply with the goal being to to have net 0 cash flow for those 5 years. During that time our savings would continue appreciating. If we managed 5% return during that time, we'd have increased it the point of being able to live on about 100% of our current spend.
I like my work enough that I think if I only worked 4 months a year it would probably be a positive in my life not a negative. Obviously not the easiest thing to arrange, but we'd only need me, or my wife, to do work about a 1/3 of the time to cover us. As for living cheap, I can think of a lot of cheap things that would be really enjoyable to do for a while in my 30's, but don't think I can count on that being my lifestyle indefinitely.
Live in SE Asia for a while, get a small RV and travel, slowly, in the US, long-term house sitting, backpacking. etc.
Any one else thinking along these lines? or know why I shouldn't be thinking along these lines?