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Reply to "Is FIRE next to impossible with children?"
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[quote=Anonymous]We make about $400k and our monthly burn rate is about $12k, or $144k a year. This doesn't count any 529 or retirement contributions or healthcare premiums. This is a very nice UMC life with higher end EC's for the kids. They will also attend college debt free, have a car to drive when they are 16, etc. And it still allows us to put a hefty chunk in savings each year. At 44 we have $4M excluding 529 and home equity. Our goal is to retire with $8M so we will see what happens. [/quote]
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