@mckenzie.mack: let’s chat more about the financial independence strategy I’m pursing: Coast FIRE Coast FIRE is achieved when you save enough, early enough, so that your investments will grow to your retirement number without needing to contribute a single extra penny into investments. I value security, independence, and flexibility so for me, Coast FIRE is the perfect goal to aim for. It doesn’t allow me to retire as early as possible (I actually really like my job so I’m not in a rush), but it lets me have CHOICES. I don’t want to feel stuck in a position because I’m worried about my financial future, I just want more freedom in life and being able to make changes, pivots, breaks whenever I need or want. If you use the Coast FIRE calculator let me know when you will reach Coast FI! #personalfinance #fire #financialindependence #financialindependenceretireearly #coastfire #financialfreedom

mckenzie | money • life
mckenzie | money • life
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Region: US
Wednesday 31 July 2024 13:10:33 GMT
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rationaldis
RationalDis :
I’m 35 & at coast fire now. I’m transitioning to working at my job part time & doing a small business part time. Hopefully I’ll make a little more than I need & I’ll hit barista fire before I’m 50 :D
2024-07-31 16:48:57
45
brokenbaker0
brokenbaker :
At 33 We’re almost to our emergency savings goal……does that count? 🫠
2024-07-31 23:30:58
24
lemonsqueezy.0
Lily Zheng :
10% growth rate seems optimistic? Most of the finance videos/podcast I’ve seen estimate 5-8%
2024-07-31 13:58:05
18
adelesanasaurus
Adeline :
i use retirement calcs but never did this. thank you
2024-07-31 13:50:25
8
hannahmorsecroce
Hannah Morse-Croce :
But is the $60k Mary is spending in retirement $60k in todays dollars or $60k in future dollars
2024-07-31 22:33:12
6
vic____a
tori (she/her) :
That clip of you and your cat omg so cute 🐈‍⬛
2024-07-31 14:29:21
6
chibi_changa
chibi_changa :
I’ve never heard of Coast FIRE before, this is super cool!
2024-07-31 18:57:59
5
aloy1292
Ashley :
what is safe withdrawal rate? how do you determine an annual spending number for retirement? and does this invested assets mean everything including stocks or just 401k/Roth?
2024-07-31 18:42:20
5
thehairwizard
nicole block 🪄 hair wizard :
I need to look into this!!!
2024-07-31 13:46:30
4
kayw1994
user4272688173422 :
I’m confused… my information isn’t that much different. 29, 10,000 invested, 70,000 annual spending, $1,000 contribution. But I’ll reach COAST in 25 years…
2024-07-31 23:37:24
3
ryguyjustheretowatch
ryguyjustheretowatch :
44, can fat fire retire today in NYC, but still working full time at stressful job so I can get paid out all my RSUs and 2024 bonus checks. I plan to retire on 45th bday early next year.
2024-08-01 01:36:19
2
alexus697
alexus697 :
Interesting! Would this make sense if your job matches 401k contributions? I don’t think this is the right fire for my husband and I but I’m curious on your thoughts!
2024-07-31 13:51:33
2
aesthetic.spreads
Aesthetic Spreadsheets :
That’s cool! I’ve never heard of coast fire before. I should calculate mine
2024-08-10 18:41:29
1
bel_of_the_ball
Bel_of_the_ball :
This is such a cool calculator! It’s great motivation!
2024-08-02 18:53:58
1
chelseaspursuit
Chelsea | Life & Money :
Loveeee this 👏
2024-08-01 05:58:27
1
dancemomnick
Dance Mom Nick :
Omg love this!
2024-08-01 05:35:00
1
iamcarag
Cara G :
This I love how much your content aligns with me!
2024-08-01 02:24:21
1
because.the.internet
Because the Internet :
Cost of living is going to be so much higher by the time we’re older is the issue. Easily six figures a year to survive at this rate
2024-08-01 02:12:59
1
1g124822ksa
1g124822ksa :
was surprised to see that I'll hit coast fire next year at 40! I'll keep working so I can retire early
2024-07-31 23:14:30
1
josiestrathman
Josie Strathman :
🥰🥰🥰
2024-07-31 22:41:14
1
leighg27
Georgia Leigh :
This is so amazing thank you so much for sharing going to try now
2024-07-31 22:41:03
1
helenxwc_
helenxwc_ :
Thanks for sharing! Learned a new term🤩
2024-07-31 19:13:23
1
circumambage
user8769999009156 :
I’m there at 38. Depending on what to I about housing (payoff mortgage, move cheaper, etc). I can quit between 45-50.
2024-07-31 18:00:52
1
_user94049480473829292
SSS.89847920 :
Would love for you to go into more depth on this
2024-07-31 13:57:49
1
nekochen88
Nekochen88 :
What about the other fires?
2024-08-22 21:58:39
0
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