[USER]

Considering retiring at 32yo as I’d like to focus on starting family and enjoying life while I’m young and healthy. The apartment is paid off and I have 20 yrs of HOA/tax expenses in savings.

However, this was my starter apt (alcove studio in a nice location) and never my dream apt. I’d have to work for the rest of my 30s to afford a dream house in the neighborhood I’m interested in.

I’m wondering if I should try FIRE for a year or power through. Main reasons for firing now is complete burnout from office politics that’s turning into chronic depression for me.

Assets: $1m + current apt
Liabilities: none
Goal: retire the corporate grind

I realize I’d need a bigger place if kids came into the picture, but I think that would be a shared responsibility with my new partner (or his responsibility, if he has a provider mindset).

Thoughts? Perspectives?

[Mandy]

Keep working and save hard until you get pregnant, so you can enjoy mommyhood for a year or however long you’re able to afford financially.

Have you checked what healthcare costs will be like if you were to be unemployed?

[Taylor]

I’m in a nearly identical situation as you. Except I’m the provider making the most income right now and we already have a young kid.

One thing I’m considering is not retiring altogether and taking a barista approach to take a much less stressful, less paying job that I enjoy.

[Reed]

Is it a new partner that already exists or a hypothetical new partner? If you’re 32 and think you want kids, you better get busy.

Also… “Provider” lol.

Usually, a partner requires the existence of a partnership… And they might have some opinions on fire or not as well.

[Chad]

What are your monthly expenses? Have you run the numbers in a planning tool such as Boldin to see how long that 1 million will last after taxes?

I’m not thinking 1 million is enough at your age.

Typically, people plan for 30 years when they retire at 65, And you would need at least 60 years. 1 million these days is not enough someone who retires at 65.

As others have said, I would look for a different job, or company if it’s the company that’s toxic.

[Elstad]

I’m 34F and just got pregnant on the first try. Having a child is our retirement project.

I’m considering flamingo FIRE after mat leave, with just subbing in schools 1-2x/ week (I’m a teacher).

My partner makes 3x more money than me and he likes his job, so he’ll likely push through for a couple more years.

[tad]

Nothing drives one towards the thought of retirement more than a toxic workplace. Been there, done that.

However, kids are VERY expensive. From my experience, it’s hard to even think about retirement until after they’ve finished college, or at least high school.

Pregnancy, birth, daycare, activities, insurance, babysitters, vacations – all of that adds up very quickly.

Maybe look for a better workplace as the next step and prioritize personal life over work.

[Author]

Posts