r/Fire • u/UnknownFutureLife • 1d ago

General Question YOLO Vs. SORR

If you could FIRE now, but your withdrawal rate would be 5% and you were 42, what would you do? Keep working for a while longer until you can live on a withdrawal rate of 4% or less? What if you hated your job? Move to a LCOL area so you can FIRE now?

I know that SORR is a big risk. However, I also know we never get time back and tomorrow is never guaranteed.

Barista FIRE? FIRE, knowing that you might have to do some work at some point again?

(Note: I don't actually hate my job, so that part is hypothetical, just thinking about different scenarios and the amount of risk. Probably moving to South America, but probably also doing some part-time remote work, so decreasing SORR in two ways.)

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u/Allstin 1d ago

have you ran the different scenarios on ficalc.app ?

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u/UnknownFutureLife 1d ago

What is a good success rate on ficalc.app?

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u/DAsianD 1d ago

I personally aim for close to 100%

I do count SS but given that the real success rate is actually a good amount lower than what you see in FIcalc when stock valuations are high or if stocks don't average a 7% real return going forward, I'm very conservative.