Hello class of 2024!! That's the year I'm shooting for. DH doesn't believe it will happen, but I think our odds are pretty good. Our savings rate is >70% of our "take-home" pay. The disputed variable is how much $ we need to be able to pull the plug. I know all of our expenses except health insurance (currently provided by employers) - need to spend the time to research and get a better idea of what that cost will be, (assuming the current subsidy situation stays in place.)
I'm very new to the MMM site, and I see there is a lot I can learn here. Our savings rate is high, we're debt free including the house, and our annual budget is $30k (not including health insurance). Will need to add expected health insurance costs, home maintenance, and savings for replacement vehicles to that number to determine our FIRE living expenses. But if that all totals $48k, then x25 = $1.2M, which we should be able to reach by early 2024 just with our current balances and planned savings, not including any growth, so I am very hopeful!
My goal is for DH to be able to retire before his 50th birthday. I am younger than him, and I love my job, so I am more than willing to work a bit longer if it means he can pull the plug then.