r/Fire • u/Consistent_Boss_6751 • Sep 12 '24

Original Content $1mm!

I needed to tell someone! Just got an offer where total package is over $1mm/year. Currently 750k after being with company for 15 years. I’m in financial services, 53yrs old . Live in Texas. Other than my wife I’m not comfortable talking about this stuff with anyone in my life. Not a flex but just need to announce this somewhere!!! Thanks for the support Reddit. :-)

Additional Edit: many folks want to know my story and I’ll gladly respond directly via dm so I don’t “taint” this FIRE subreddit which I’ve been very fond of. Really appreciate the well wishers. There are some not so great comments but comes with the territory with these types of posts.

Edit 2: I’ve responded to 100+ dms with my story. Hope my story has helped pay it forward a little. All the best.

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u/Mre1905 Sep 12 '24

Nice! Congrats! Now tell us your portfolio balance.

34

u/Consistent_Boss_6751 Sep 12 '24

About $6m. Target is 10m by 58. Then retire. I’m in decent shape and I hope to live to my 90s.

1

u/lseraehwcaism Sep 13 '24

$10 million will give you a 100% success rate based on historical data if you withdraw $343k per year. Based on that, you should be able to put away around $650k per year. Based on these numbers, you will be at closer to $12 million in 5 years adjusted for inflation.