Reply to Is FIRE next to impossible with children?

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[quote=Anonymous][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.[b] Living a good lifestyle in the US while not working doesn’t seem possible unless you started life with a trust fun[/b]d.[/quote]
uh.. no shlt?   that's most people all over the world.  If you lived in a different country, chances are, you wouldn't have been able to make $350k per year.

FWIW, I'm going to try to retire at 56 in a couple of years. We'll have about $3.3 to $3.5 mil saved, and college funded for in state.

We always wanted to retire early so we made sure to save as much as possible in our earlier years.

My friend moved their entire family to Portugal. They retired in their late 40s and live on $140K per year; kids in private school there.[/quote]

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