Reply to Has anyone here on a normal income successfully FIREd?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We plan to FIRE at 50, when our sole child is through college.  It's doable - key is to have fewer kids and manage your expectation that Early is 50, not 38. [/quote]

+1000

Once you get your kids thru college (or at least into college with a fully funded 529) then it is much more reasonable to be able to FIRE/retire.  That is a normal "retire early" plan.  Main concerns at that point are health insurance (which would be 15K/year, down from 20-25K for family coverage), home costs (pay off mortgage and all you have is maintenance and Taxes/HOA) and food/utlities/extras you desire. At that point you don't have 1+ not launched kids that you are responsible for.  I agree the key is to only have 1-2 kids.  Cannot personally imagine college for 3-4+ kids (we make too much to get any aide), even with in-state options that's expensive

Plenty of people retire in their 50s/early once kids are launched (off your payroll). Your expenses go way down

[/quote]

Who said it's a law that you have to put your kids through traditional 4 year college and pay for everything? Majority of people don't even have this option.  Guess what? Their kids still go to college. They take grants/loans and they also attend community college for 2 years saving tons of money.  College courses are only specialized for 2 years.  I don't get it, you push your kids to take AP classes and all that stuff that's supposed to transfer to college credits and they still need 4 years to get a degree in one major?[/quote]

It's not the law, but OP will have difficulty finding a woman who wants to sign on for this level of denial just for the sake of OP's ultra-early retirement.[/quote]

No. He won’t have any problems finding a woman. Most women prefer to stay home and not work when they are married. A FIRE husband is ideal because she won’t feel lonely at home. 
[/quote]

Most women who do want to stay home with their kids would probably prefer not to have to save a million dollar by 30 so that their husband can similarly not work.  They would probably also prefer to be able to occasionally splurge on new clothes, hair/beauty treatments etc as well as things for their children over having their husband home with them all day.[/quote]

Not every woman hates their husband’s company and looks at him as an ATM that she only wants to spend minimal time with. Sorry you didn’t find someone you love and want to share your life with.[/quote]

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