[Gabriella]

First figure out your monthly budget. Then figure out what your budget May become when you retire, trim it down, then multiply that expense times 25 (for a tight fund) or x40 (for a more relaxed retirement goal).

Somewhere between those 2 numbers can be your target investment fund.

Now start putting your money away and invest it as soon as you can, to get to your target number… that’s it.

Once you reach your target you can retire knowing that a 4% withdrawal should be ok and not deplete your funds, due to the investment, etc. Starting at this time with a 10 year plan means that you will have to aggressively start putting money 💰 towards your retirement fund, so best of luck and hope you make your goal!

Don’t miss: Very new at investing and I want to make the best choices with it

[Kaylee]

To achieve FIRE in a 10 yr timeframe going by your age honey, you’re gonna need to increase retirement savings and decrease your expenses so that you can invest significantly more each month. Please post a budget so I can better assist you.

Stop contributing to your Roth IRA (you don’t need the tax benefit) and begin contributing to your employer 401k and holding income generating assets. That match is free money.

There is tons of great information on this community about how to reduce expenses and increase income. Even a modest amount of money (say another $100/month) will make a difference. I don’t know if you’re in a pinch financially, but so were a lot of other people on this community.

Make sure you are invested in either a target date fund or an index fund. Again, this community has tons of information on these topics. You need all the growth you can get and feel free to reach out as well.

[Ernest]

Max out all tax advantaged account you can; HSA, IRA, 401K, etc. Open a Fidelity taxable/individual account.

If you’re comfortable/have extra funds – diversify into rental properties.

[Author]

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