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Reply to "Is FIRE next to impossible with children?"
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[quote=Anonymous]Have 1M in our early 30’s and 2 young kids. 350-400k HHI. When I was 25 I felt like 2M would be enough to stop working and 3M would be plenty but now seems like with kids you would need to double that. I think 5-6M at the minimum and if we want to fully replace our income we’ll need 10. That’s not going not happen until at least our 50’s to 60’s if ever. If I fully prioritized FIRE and never had kids/lived frugally I could probably get to 2M by 35 and move to a foreign country. Living a good lifestyle in the US while not working doesn’t seem possible unless you started life with a trust fund.[/quote]
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