[Leroy]

I am at a crossroads. I’ve spent the last four years cleaning up minor details. 45 years old. Published author. Single, no kids.

Homeowner. No debt. Maxing out every available retirement account. Net worth around a million. Still working full-time, earning around 100K total.

What’s next? Can I relax a little or do I keep grinding?

I’m totally fine waiting for full retirement til I’m 55… Talk to me…

[Mike]

Impossible to give an intelligent answer without knowing ur yearly spend

[Jule]

1. It really depends on how much you need or want to spend at retirement.

2. Net worth, if includes your house, unless you sell it, you shouldn’t count on it because it’s an expense for having to live in it.

For me, I’d keep grinding.

That’s just because I want a very comfortable retirement, with some luxuries thrown in there, and all medical and emergencies covered, and then some.

[Luke]

Do you want kids and a family? If so, I’d take your foot off the gas for a little while, maybe work part-time or something.

Finding a high quality partner to start a family with is equivalent to a full-time job

[Christine]

Depends on your monthly spend, which you didn’t provide. Also depends if you are including the home value in your net worth.

Generally only retirement assets are included for FIRE unless you plan to sell your home.

[Scott]

You can safely draw 120-150k without much risk if you have at least 3m outside of your paid off house.

Sounds like you can do whatever you would like. Congratulations!!

[Casey]

If you are totally fine working until actual retirement keep going that route.

Maybe explore some passion projects, like starting a business you enjoy, or if you are happy where you are at stay.

[Max]

I’d keep working and saving if your savings are at $1million. Even following the 4 percent rule only supplies about $3000 a month (less if it’s taxable income).

That’s an awful low amount to live on for the next 50 years!

What about $1000+ health costs monthly for the next 20 years before Medicare?

I’d never give up $100k salary at 45 unless I somehow already had $4+ million

[Christina]

$3-4M or $750k? How much of that is home equity? Are they in retirement or brokerage? This is the real amount that makes/breaks your retirement, not NetWorth.

What is your annual expenses? $3M will give you $120k/yr draw, $750k gives you $30k/yr. Are those enough?

If so, yes you are fine.

If not, keep grinding.

[Ramiro]

Congratulations on your consistency career job and investments.
I suggest in cutting back hours for good health long term.
Regarding retirement.

If your are used to 100k income, how long will $750,000 take you plus social security.

Invest wisely and understand when to cash out/sell high and buy low in the financial market.

I’m retired & in my 70s. Maintaining my health is more important right now.

I go back into stock investments with caution (too many factors) at 75% cash and 25% stocks.

I had cashed out 100% in February on investing. Now I’m back in 25% and making a little money and better than 4% on cash /CD/money market.

[Author]

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