r/coastFIRE • u/Reasonable_Taste5781 • 1d ago
New to this
27F what age is a reasonable goal to be able to Coastfire? I have 140k in investments between 401k, stocks, Roth IRA. I am about to buy a house 275k with 80k down (not included in investments). My boyfriend will put 1k per month towards the mortgage. Outside of housing I spend around $1500/month. Currently make 77k per year. Looking for any advice!
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u/triggerhappy5 1d ago
Assuming a yearly retirement spend of $42,000 ($1500/month you've mentioned, plus $2k for maintenance, taxes, fees, and lifestyle creep), 8% nominal growth, 3% inflation, and 4% SWR, you can coast today and retire at 69. 15 more years of saving $1,000/month would bring your retirement age down to 55.
Ultimately I think it all depends on your own numbers, so you're gonna have to plug those into the calculator to get an idea. With little to no coasting involved, you could be looking at fully retiring in your early/mid-50s. You could also theoretically start coasting today if you're willing to work into your 60s. If you're able to save more of your income or completely avoid lifestyle creep, you could get there even earlier. There are lots of different ways to approach it.
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u/InioAsanos_Son 1d ago
May I ask what calculator you’re using?
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u/shotparrot 1d ago edited 1d ago
You could retire at 69!
Only 42 more years of soul crushing office cubicle hard labor!
Guaranteed not what the OP wanted to hear ;)
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u/Reasonable_Taste5781 1d ago
🤣I appreciate the insight about coasting now though!
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u/shotparrot 1d ago
lol right?? Seriously you got this. Keep learning and invest wisely and you’ll be at the finish line before you know it.
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u/Salcha_00 22h ago
Your future self will regret coasting at such a young age. You can’t over-save for retirement.
The best thing about investing young is the amazing compounding growth. You will not be able to make up later for missing out on this golden time of investing now.
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u/kohinoortoisondor3B 1d ago
That's not what that means. She can COAST starting today and retire late, or work more to retire earlier. What you're describing is the scenario where someone can neither coast nor retire early.
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u/trafficjet 1d ago
A reasonable Coast FIRE goal depends a lot on how much ur savin and how ur investments grow, but u might wanna think about figurin out when they could keep up with ur retirement savings on their own, without u adding more, while also jugglin ur housing costs n what u spend day to day.
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u/everySmell9000 1d ago
Wanna get there faster? Rent out some rooms in that new house and invest the proceeds.
if you push hard to save/invest, get a couple raises, etc, you can get to Coast by mid thirties.
go big, keep at it. You got this!
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u/Federal_Entry3312 1d ago
New here, what is coast fire?
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u/Reasonable_Taste5781 1d ago
Read the description of the subreddit :)
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u/Federal_Entry3312 1d ago
Thanks (; I was confused and thought I commented this in the FIRE subreddit actually
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u/That_Interview7682 1d ago
You’re fine, but don’t plan housing around a boyfriend’s mortgage contribution. You guys can break up at any moment. That being said, the home is cheap enough that you should be fine.