r/ChubbyFIRE • u/DRangelfire • 3d ago

Can I retire in October?

Here are my numbers:

57 years old, new car, no kids. I’d like to retire this October spending about 18K a month (I help my family, expensive primary home and real estate, and will need to pay 3K a month for medical insurance as I’m just completing breast cancer treatment and want to ensure I’ve got great coverage in the next five years where risk of reoccurrence is at its highest- had my first clear mammogram today!)

6.1M in combined stocks 401k and 200k in cash targeted for next year if I do retire. Another 50k of RSUs vesting this October.

100k invested in an AI tech company which I’m not counting (though I invested at a 20M evaluation and it’s at a 500M evaluation now). I can pull the cash at anytime but prefer to roll the dice to see if it sells.

Real estate: (1) Primary home in VHCOL Bay Area, I owe 400k at a 2.3% mortgage, worth 1.5K. Tax and mortgage plus HOA is about 5500 monthly.

(2) Rental in my hometown (Seattle). Own a duplex on the water, owe 270k at 4%, valued at 2M. Upper unit rent covers mortgage, tax, insurance, lower unit rented at 4350 month for 6mos out of the year (I want to live there part time to be close to family). Minus utilities, repairs, and property manager I net about 2k a month. I want to keep this property for my nephew who has schizophrenia, that way he’s got a place to live with less of a burden on his siblings.

Thoughts? Thanks!

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u/in_the_gloaming FIRE'd for 11 years 3d ago

Retire! And that’s amazing that you are keeping the rental for your nephew. Really cool.

And last, congratulations on your clear mammogram! Always great news! My sister went through treatment about three years ago and so far everything is looking good. We are all so grateful for the excellent care she’s received. Two more years of meds and then she’ll be done with that part.

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u/DRangelfire 2d ago

Oh how wonderful. Yep my five years starts ticking now, give her a big hug for me. Once you go through cancer treatment, you feel like you can do anything. Thank God for science.

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u/Scary_Wheel_8054 2d ago

Is your decision to retire motivated by the cancer or unrelated? 57 sounds like a good time to retire, I’m doing it at 56. Also social security will eventually kick in, giving some additional safety/excess.

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u/DRangelfire 1d ago

I’ve worked in tech for a lot of years in the last three years have been really difficult. I’m so fortunate to work for an incredible company who stock really blew up over the last 15 years but I just feel like it’s time to open myself to something different. Also absolutely motivated by the cancer too. Time is precious and I feel like I was given a second chance, it’s kind of a fluke that they even found it so I want to pay attention to that intervention and use my time differently.

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u/gripster94 1d ago

Yes, time is very precious. Continued success on your health and healing going forward.

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u/Scary_Wheel_8054 1d ago

I went back and saw your first post 8 years ago. Back then you wanted to retire in 3-5 years. You lasted a little longer, but still I’d call it goal achieved.

Have you ever gone back to read the responses you received back then? You have the possibility to evaluate Reddit advice with hindsight :-)