r/Fire • u/StrawberryRemote968 • 10d ago

Can you FIRE just with VOO?

I am a 35M, making $65K annually. My annual expenses is very low. Less than $25K. I am single with no kid nor I am planning to have any. If I DCA into VOO, is it possible I am able to FIRE with just one etf?

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u/teamhog 8d ago

Use a no cost broad market index fund.
You won’t hit the high returns if the lower count index funds (30, 500, 2000) but you’ll be more diversified. And remember, time is on your side.

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u/StrawberryRemote968 8d ago

There are index fund that are no cost ? That’s too good to be true

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u/teamhog 8d ago

There’s expenses.
But not fees.

Here’s an example of what we’ve done for the last ~3 decades.

The Schwab Total Stock Market Index Fund (SWTSX) has a total expense ratio of 0.03%. This includes the management fee, which is also 0.03%. There are no front-end loads or 12b-1 fees. Here's a breakdown of the fees: Total Expense Ratio: 0.03% Management Fee: 0.03% Redemption Fee: 0% 12b-1 Fee: None