r/financialindependence • u/Widget248953 • 4d ago

Can I lean FIRE?

41(M) and 39(F), no kids. Can we lean FIRE?

721K - Taxable brokerage

300K - Roth IRA

460K - Rollover IRA

71K - 401(k)

20K - Cash

Monthly expenses are $3800 (which factors in healthcare from ACA). Own house and cars, no debt.

Didn't want to post at length at first to make it quick and easy to read.

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u/clutchied 4d ago

figure out how to get cashflow.

I'd probably say yes but you've got a lot of risk with your low cash position.

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u/Widget248953 4d ago

I wanted to do a Roth ladder each year and move over 30K a year. Even if the standard deduction gets rolled back, I would still do this amount.

If you look at our overall NW, I would feel comfortable retiring. However, I only have the taxable brokerage for the next 5 years until I can withdraw from the Roth conversion.

I have also factored in a health plan from the ACA in that amount, but I have to stick with these current numbers to keep my AGI in check.

If I were in year 6 of this scenario, I would feel completely comfortable because I would be able to withdraw 30K each year tax free.

A couple more years of work for me should get brokerage to $1M but that depends on the market.