age 41, 200k in retirement savings, what would be your fire strategy?

[frugalmaybe]

just laying it out there.

[Mikila]

Do you mean, "If you HAD to retire on ONLY $200K, what would be your strategy?"
Or, "If you had $200K in retirement savings at 41, how would you proceed?"

If number one, then the only viable option for receiving enough income would be real estate investing.
If number two, I would keep saving.

You didn't mention a spending plan.  If I were asking either of these questions, I would be exhaustively analyzing my spending and attempting to reduce it.

[badbear]

How much do you spend and how much do you make? Perhaps if you write a case study we can offer more help:

http://forum.mrmoneymustache.com/ask-a-mustachian/how-to-write-a-'case-study'-topic/

[frugalmaybe]

will do! thanks! sorry for the lazy post.

[redbird]

In your case study post, please be sure to tell us where that $200k sits. I assume you mean by "retirement savings" that it is money in specific retirement accounts, so you would not be able to touch that money without penalties until you reach whatever the appropriate "regular" retirement age is for it. If that is true, that would absolutely affect your FIRE strategy.

For your pre-regular retirement years, you really need some sort of stash in non-retirement specific investments and/or income.

[KarefulKactus15]

Do you mean, "If you HAD to retire on ONLY $200K, what would be your strategy?"
Or, "If you had $200K in retirement savings at 41, how would you proceed?"

If number one, then the only viable option for receiving enough income would be real estate investing.
If number two, I would keep saving.

You didn't mention a spending plan.  If I were asking either of these questions, I would be exhaustively analyzing my spending and attempting to reduce it.

Why was real estate investing suggested for 1 but not in option 2?    Or by "saving" were you implying all forms of investment / savings (including real estate) for option 2?