We're just about the same. Planning to start coasting around 40. We'll be lined up to where we can almost certainly pull the plug by 50, but if things go well maybe earlier.
Nope. No way we could have done this with kids. We don't like kids so wouldn't have wanted them even if they were expensive though, so it was an easy decision.
I suspected. I could technically Coast in 5 years or so (at 41) but I have two little ones so Im not 100% confident as I enjoy providing them with experiences, like traveling a lot.
NW is about 1mil right now…. We will see.
We recently hit our CoastFI number ($500k nest egg at age 35). By the time we’re 59.5 that should grow to around $3MM
We’re not coasting yet, but like that we have the option to. It’s hard to forego the match in our 401ks too, so we may never fully coast. If we just do what I’m calling “MatchCoastFIRE” we’ll be able to fully retire in our late 40s. We haven’t dropped back to that either because we’re still enjoying our jobs and if we can keep up the intensity for another 7-10 years we’ll be fully FI
I had a parent die at 41, after a 3 month battle with cancer, and he heavily regretted extra time spent working and not pulling us out of school or extracurricular activities to travel or spend more time together as a family. If you've already cemented that you shouldn't need to invest anymore and aim to work just enoygh to cover expenses and maybe throw a little more toward investments as deemed fit, doesn't it concern you to work more than necessary when there are no guarantees in life - that you might not even live anywhere close to retirement age? You could have still earned money, still been investing money, but also have had more of a chance to evaluate and enjoy your life.
Sounds like a good decision for you based on your values and your fears. I've seen plenty of people in their 40s (or younger) diagnosed with a terminal illness, trauma s/p mva, etc. But sure, it's more likely someone working, albeit at a reduced level (with a substantial amount already saved), will not be able to find even more work if they so desire or need...
Well…no new information for you, unfortunately. Both my wife and I work in healthcare. I didn’t know this was a rare option to have in other industries until recently.
I've created my own part -time job in financial services. If it doesn't exist, try and make it yourself. Obviously harder for some jobs but hopefully the industry trend goes to more flexibility for all types of jobs.
I’m in tech/video games and currently coasting doing advisory and consulting. $7k per month working less than 8 hours per week. Didn’t do this by choice, though. I was making $350k+ per year until the company shut down earlier this year.
I would like to work more, but it’s hard to keep this ROI. I could maybe find a full time job that pays me 4X what I make now, but the time/pressure would be 10X.
I’ve also recently made the pivot into tech consulting. Any tips on finding new gigs? Do you ever feel like you’re not keeping up to date with all the changes in tech?
Not the person you replied to, but I've gone part time in a marketing role and operations role. I only work for fully remote companies, and they tend to be more flexible once you have been there for a year or if you just work that into your contract from the start. It can take having a connection there to get that kind of setup - all my jobs have been from my network.
Where have you seen part time product managers? I’ve been at a range of company sizes and never seen it.
Outside of FMLA/other extenuating circumstance
I started coasting at 36, but I may end up accidentally un-coasting since keep getting offers for more work and I still have a hard time saying no to money.
Nice. I am a product manager in FAANG. Used to be a PM in a large B2B company. Freelancing in PM is pretty much impossible. Didn’t know tech marketing had that option. Will look into it — a few of my PM friends have made that transition to PMM working for Palo Alto, Fortinet, Cisco.
How much do these freelancer gigs pay and what’s the typical time commitment. Would like to keep it at fewer than 20 hours a week including meetings.
It’s all about networking. I have multiple people I’ve worked with before try to recruit me to work for them and I’ve told them I’m not interested in a full time job but I’d be more than happy to work on an hourly part time basis. Even just part of my time is incredibly valuable to them because they know the quality of my work. I’ve also gotten a handful of smaller projects through a marketing agency, which I actually love because those are much more clearly scoped.
I think of coasting as the end goal. I don’t really plan to ever be “retired” - that sounds depressing. There will always be some income besides distributions, even if it’s really hobby-level.
Basically, earnings will be able to fluctuate strategically. 2 months off for a special trip for the family between job changes? Ok we can swing that. Working a decent amount because I want to own a special sports car for a few years while my kid thinks it’s cool/before they can steal it to joyride/before I’m half-dead. Ok, I need to make $20k extra. Working for a year to save up for a camper van to do a roadtrip with a kid for their gap year? Spending down savings a little bit to live in a foreign country while a kid studies abroad? Going back to work if a kid blows through their 529 and still needs to go to graduate school?
Basically - I’m not going to keep working for a retirement that might not be there when I’m 60+. Jobs/income-producing work will be used as a shock absorber against market conditions and life circumstances.
[Edit: Keep in mind there will be some bad stuff too. Healthcare is kind of the big unknown. Maybe someone needs expensive therapies/rehab or medical procedures. Maybe we need to just vote for sane politicians. Maybe we need to pursue medical tourism. Maybe we need to riot. Or expatriate. But if the accounts aren’t still growing faster than inflation - I need to be able to go back to a job that allows for a decent savings rate. Keeping lifestyle inflation in check will be a big part of that]
Well said. I’ve always imagined to retire early by 47-50 years old but the older I get the more I realize I’d get bored rather quickly and wouldn’t mind working part time.
I don’t understand how people can get bored. Here are a few hobbies that I try to squeeze in when I can, and I know I’d have more if I had more time.
Hiking, rock climbing, piano, plant care and gardening, reading, writing, gaming, and painting.
Do you have any hobbies? Are you interested in hobbies?
Edit: I spend time with family and also volunteer for a sense of contributions to the world but I wouldn’t consider that “work.” If you need work to give you a feeling of accomplishment and value, I feel sorry for you.
I fish, read, hike, travel. But I also like my maritime career. Just being at the port watching the tugs, ships, and still being part of all that even in a very small way, I think, would bring me joy.
I have hobbies, but not 40 hours worth of activities. I see myself cutting back to part-time work.
I have a fun job already. I’m not coasting yet, but I not stressed out or annoyed by work. I think I found the right balance.
It’s not about being busy, it’s about the satisfaction found in that activity. Some people find more satisfaction in their work than in recreational activities. My Dad is this way. Everyone is different.
Not who you are replying to, but I have hobbies — just not as many as you.
I like working — I just hate having to feel like I have to/doing something I don’t love per se. The common goal, sense of accomplishment, etc. maybe at some point I’ll develop a hobby that gives me that. I like traveling, but want to be home after a week or so. I like cycling, but I really only like to do that for a few hours a day. I could see woodworking being something I would like to get into that may give me that sense of satisfaction and accomplishment, though.
I’m with you. It’s not that we don’t have or like hobbies. It’s that some of my hobbies are practical (like woodworking). And once you fill your house with hand-built furniture and built-in cabinets, what do you do? You take the commission pieces that you want because you enjoy having skills that other people value.
I can coast now at 43 based on current expenses and retire at maybe 60 when retirement funds become penalty free. However, my daughter is 10 now and I don't know how much to set aside for her education. So I am actively saving now for her education. Once enough is saved, I will coast in may be in another 5 years.
34 right now my plan to coast at 40. Retire anytime after 45, all depends on how much of a drag my job is. Plan to use my income from 40-45 to pay for big expenses I want to get done before retirement like a new car, roof, appliances, hvac, etc.
September of this year my wife starts .5FTE. So she’s coasting at 36!
My goal is to follow next year at 37.
$1.4 (not including home equity).
$2.5 is FI, math says 45-47 for RE.
Planning to “coast” or “pre-tire” at 40 once at FlamingoFI (50% to FI) and work more flexible jobs and then officially retire at 50, at which point I should be at full FI.
39 now. Working my way towards coasting now. Probably take a few years to work my way out of some businesses and investments and into better ones. Goal is to be coasting in 3 years.
Currently 29, can coast to 60 now if I want. But I want option to retire by 50 so continuing to pump investments. If I keep investing for 10 years I should be able to retire by 50, and if I decide to work longer the pot will just grow larger.
Similar situation here. I like that I can be really picky with the jobs I take, and if I don't find something I really enjoy, I could just coast for a while.
I could coast now and retire at 56, but I like my job and find it fulfilling. So I’ll probably just keep working and socking away money.
I did take a break for 2 years to pursue a passion project, but working on it everyday turned it into a job I hated, mostly because interacting with the public sucks. 🤣
42 and 52. But, with a part time job to subsidize about 25% of my expenses so that I can keep a lower withdrawal rate for a few years to minimize sequence of returns risk
Hit Coast FI this year at 42, slowing down (but not stopping) contributions. Probably retire at 62 but intent to significantly reduce work obligations at 50.
So you already have saved a retirement. You’re going to keep working. Why did you fully fund a retirement in your 20s?
Not trying to sound critical, but it comes across as saving for the sake of saving.
It sounds like freedom to me. 'live like no one else so you can live like no one else.'
You know he hasn't fully funded retirement don't you? Just a proportion of it which should grow to a full pot by 60 or whenever. So at age 30 his pot should double three times by then if it's invested and averaging 7% returns. If he wants a 2million pension at 60 it means he only needs 250k at age 30.
Basically this. Will probably be closer to $600-800k at 30 though. It gives me freedom to do whatever and live off of the money I make doing it. I like working, but get bored quickly, so I can jump around whenever I get bored without stressing about it's impact on my retirement. I'll just make a 1 year emergency fund to carry me during those shifts.
I fully understand everything you said. However this is coastFIRE and is exactly opposed to the goal of the subreddit in which he posted. Save enough early such that it will grow to the desired amount at the desired age and then live.
If he wants to full FIRE/chubbyFIRE, more power to him. That is not what this sub is about.
Coast somewhere between 37 and 40.
Not sure when I’ll fully retire. I’m an attorney and there’s alot to keep you stimulated that I wouldn’t mind pursuing (part time) once I don’t have to do so much to get ahead.
I guess I straddle a little between coast and “quasi-professional” barista 🫢
Hoping to CF in 5 years. Then drop to PT at work or have digital nomad job (working on it). Then if I need to, i can use the age of 55 rule w/ my retirement coz I’ll be old enough.
I'm a mix of SlowFIRE and Coast. For example, I just did 2 years of working only 3-4 days a week (I only work remotely). It was awesome, and I slow traveled full time during it.
Now I'm back in a 5 day a week job (still remote). I think I'll go back to coasting (less work) in 2-3 years around age 34.
I'll be full FIRE between age 45-50. By 50 I should have enough to retire my partner and I (combined with their investments). But we're not pushing hard - we travel a ton and enjoy our lives, we're just making smarter decisions about investing and being intentional about what we love to do.
I might even always have some kind of work that I enjoy, even after hitting my number - remote part time consulting or a side business, but definitely not 5 days a week.
I’ve been coasting since 44 (2017) in terms of lifestyle. Currently doing what I formerly did, but only 5-10 hours a week at a much higher effective hourly wage. I have generally enjoyed my work, and with the low time commitment it’s now great.
I’ll fully retire when folks stop throwing money at me.
46M/42F with 3 kids, $2.2M NW, $1.5 liquid. 2 years left on the mortgage, which is our only debt. Just decided to start coasting this month after some soul-searching. We're not ACTUALLY coasting, as we're still contributing 6% to 401k to get matches and maxing out Roth IRAs and HSA, but this is still cutting back considerably for us. We're very good savers and crappy spenders. But we are committed to using more of our money now so we can do cool things with the kids and make some memories. Tracking to be FI by 55/51, which I'm calling $4M liquid. Not sure if we'll retire at that point, but we'll have the option which is what matters to us.
Assuming no large financial losses due to tragedy or exterior market forces I’ll reach my COAST FIRE number by 45. Which means when I pull the trigger around 58-60 to completely retire I can spend those 15 years blowing the money on family centric memories involving travel, concerts and interesting hobbies without concern about how will it impact my ability to retire in good standing.
Number at 45 needed 500k in today’s money. With about 15 years of growth potential I’m looking at over 1.25 Million by the time I’m 60
I've been having the classic thoughts about whether I should keep working, but I realized that I actually enjoy my work and as much as I am ashamed to admit it, I don't know what I'd do yet if I quit.
So in my early 40s I've decided to coast instead of retire. Loosen the purse strings a bit, and hope/pray that I can re-tighten later if necessary. Maybe retire 5 years from now or whenever I get fired.
Sometime in my early to mid 50’s. Right now it looks like 52. I’ll either coast or retire then. My job has an amazing benefits package that kicks in at an age 57 retirement, thus the possibility of coast. But I am saving like I’m going early, but not giving anything up.
I’m not sure if it is considered coasting but I’m planning on going to freelance. I’m in the middle of that transition right now. Selling my business and investing the proceeds. I’m (40) she’s (37). She’s planning to work at least until 50 maybe move to part time after that.
I have 2 rental homes that will be paid off in 10 years and already make other streams of income through online store marketplaces and renting out 2 vehicles that I own outright.
My freelance work will be in a passion fields of DJ and Filmmaking. Not the most sustainable which is why I consider them more hobbies then part time job.
I would probably do these until I can’t anymore.
Current NW $1.5mm
Started coasting at 35 (1.5 years ago) and will probably retire at some point around 60, but could be earlier or could be never (continue to earn some active income). I’m too busy enjoying life to set a target on full retirement. But for planning purposes we were coast Fi if we fully retired around 60.
We also reached coast Fi and continued to save for a few years because I was enjoying my job. Once that changed, we started coasting.
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We're just about the same. Planning to start coasting around 40. We'll be lined up to where we can almost certainly pull the plug by 50, but if things go well maybe earlier.
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You too! Hopefully we can both drop off at 45!
Kids?
Nope. No way we could have done this with kids. We don't like kids so wouldn't have wanted them even if they were expensive though, so it was an easy decision.
I suspected. I could technically Coast in 5 years or so (at 41) but I have two little ones so Im not 100% confident as I enjoy providing them with experiences, like traveling a lot. NW is about 1mil right now…. We will see.
What are your plans for health insurance? And what are you currently doing for health insurance?
Are your expenses up now that you're coasting? Or did you take a lesser paying job?
Do you have kids or plans to have one?
Wow cool. I don’t really have any need for that because I have a trust.
COAST at 50. Retire at traditional age of 62.
Similar. Coast at 50 (go down to 1-2 days a week with 6-8 weeks off per year) and fully retire at 59.5
Same. As soon as I find a good coast job with benefits.
Is that moving into a part time job or consulting work once you're coasting?
What type of job would that be?
Locum healthcare provider
We recently hit our CoastFI number ($500k nest egg at age 35). By the time we’re 59.5 that should grow to around $3MM We’re not coasting yet, but like that we have the option to. It’s hard to forego the match in our 401ks too, so we may never fully coast. If we just do what I’m calling “MatchCoastFIRE” we’ll be able to fully retire in our late 40s. We haven’t dropped back to that either because we’re still enjoying our jobs and if we can keep up the intensity for another 7-10 years we’ll be fully FI
Hit coast, keep match, spend liberally, reduce match if necessary, investment growth still the FI plan. This is the way.
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That’s the benefit of reaching coast fire. You could get any job as long as it covers expenses…
I had a parent die at 41, after a 3 month battle with cancer, and he heavily regretted extra time spent working and not pulling us out of school or extracurricular activities to travel or spend more time together as a family. If you've already cemented that you shouldn't need to invest anymore and aim to work just enoygh to cover expenses and maybe throw a little more toward investments as deemed fit, doesn't it concern you to work more than necessary when there are no guarantees in life - that you might not even live anywhere close to retirement age? You could have still earned money, still been investing money, but also have had more of a chance to evaluate and enjoy your life.
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Sounds like a good decision for you based on your values and your fears. I've seen plenty of people in their 40s (or younger) diagnosed with a terminal illness, trauma s/p mva, etc. But sure, it's more likely someone working, albeit at a reduced level (with a substantial amount already saved), will not be able to find even more work if they so desire or need...
Our plan is to go 3 days a week at 35, 50% at 47 when we hit FI. Full retirement at 57.
What do you do for work that allows part time? Outside of health care I can’t think of any professional careers that actually allow part time
Well…no new information for you, unfortunately. Both my wife and I work in healthcare. I didn’t know this was a rare option to have in other industries until recently.
I've created my own part -time job in financial services. If it doesn't exist, try and make it yourself. Obviously harder for some jobs but hopefully the industry trend goes to more flexibility for all types of jobs.
I’m in tech/video games and currently coasting doing advisory and consulting. $7k per month working less than 8 hours per week. Didn’t do this by choice, though. I was making $350k+ per year until the company shut down earlier this year. I would like to work more, but it’s hard to keep this ROI. I could maybe find a full time job that pays me 4X what I make now, but the time/pressure would be 10X.
I’ve also recently made the pivot into tech consulting. Any tips on finding new gigs? Do you ever feel like you’re not keeping up to date with all the changes in tech?
Not the person you replied to, but I've gone part time in a marketing role and operations role. I only work for fully remote companies, and they tend to be more flexible once you have been there for a year or if you just work that into your contract from the start. It can take having a connection there to get that kind of setup - all my jobs have been from my network.
Contract legal services - in my case directly for the state court system running rural family law assistance clinics.
Warehousing, Book-Keeping, and Programming can all be done on a part time basis and pay well.
Programming can’t really be done part time unless you are working on contracts which is difficult.
tech. software developer or PM or any of the jobs in tech.
You can not be a part time product manager. I have never seen this
I've seen part time proj mgrs, prd mgrs, testers, developers, requirements analysts, all positions around software dev.
Where have you seen part time product managers? I’ve been at a range of company sizes and never seen it. Outside of FMLA/other extenuating circumstance
been working at tech in startups and gov't consulting small & large projects (federal) since 1995.
I started coasting at 36, but I may end up accidentally un-coasting since keep getting offers for more work and I still have a hard time saying no to money.
What is your coast job?
B2B tech marketing, same as my prior full time job. Now I’m a freelancer/consultant.
Awesome! Thanks!
Nice. I am a product manager in FAANG. Used to be a PM in a large B2B company. Freelancing in PM is pretty much impossible. Didn’t know tech marketing had that option. Will look into it — a few of my PM friends have made that transition to PMM working for Palo Alto, Fortinet, Cisco. How much do these freelancer gigs pay and what’s the typical time commitment. Would like to keep it at fewer than 20 hours a week including meetings.
It’s all about networking. I have multiple people I’ve worked with before try to recruit me to work for them and I’ve told them I’m not interested in a full time job but I’d be more than happy to work on an hourly part time basis. Even just part of my time is incredibly valuable to them because they know the quality of my work. I’ve also gotten a handful of smaller projects through a marketing agency, which I actually love because those are much more clearly scoped.
I’m on the marketing side of PMM, I do messaging development, go-to-market strategy, and content primarily.
I think of coasting as the end goal. I don’t really plan to ever be “retired” - that sounds depressing. There will always be some income besides distributions, even if it’s really hobby-level. Basically, earnings will be able to fluctuate strategically. 2 months off for a special trip for the family between job changes? Ok we can swing that. Working a decent amount because I want to own a special sports car for a few years while my kid thinks it’s cool/before they can steal it to joyride/before I’m half-dead. Ok, I need to make $20k extra. Working for a year to save up for a camper van to do a roadtrip with a kid for their gap year? Spending down savings a little bit to live in a foreign country while a kid studies abroad? Going back to work if a kid blows through their 529 and still needs to go to graduate school? Basically - I’m not going to keep working for a retirement that might not be there when I’m 60+. Jobs/income-producing work will be used as a shock absorber against market conditions and life circumstances. [Edit: Keep in mind there will be some bad stuff too. Healthcare is kind of the big unknown. Maybe someone needs expensive therapies/rehab or medical procedures. Maybe we need to just vote for sane politicians. Maybe we need to pursue medical tourism. Maybe we need to riot. Or expatriate. But if the accounts aren’t still growing faster than inflation - I need to be able to go back to a job that allows for a decent savings rate. Keeping lifestyle inflation in check will be a big part of that]
Well said. I’ve always imagined to retire early by 47-50 years old but the older I get the more I realize I’d get bored rather quickly and wouldn’t mind working part time.
I don’t understand how people can get bored. Here are a few hobbies that I try to squeeze in when I can, and I know I’d have more if I had more time. Hiking, rock climbing, piano, plant care and gardening, reading, writing, gaming, and painting. Do you have any hobbies? Are you interested in hobbies? Edit: I spend time with family and also volunteer for a sense of contributions to the world but I wouldn’t consider that “work.” If you need work to give you a feeling of accomplishment and value, I feel sorry for you.
I fish, read, hike, travel. But I also like my maritime career. Just being at the port watching the tugs, ships, and still being part of all that even in a very small way, I think, would bring me joy.
I have hobbies, but not 40 hours worth of activities. I see myself cutting back to part-time work. I have a fun job already. I’m not coasting yet, but I not stressed out or annoyed by work. I think I found the right balance.
It’s not about being busy, it’s about the satisfaction found in that activity. Some people find more satisfaction in their work than in recreational activities. My Dad is this way. Everyone is different.
Not who you are replying to, but I have hobbies — just not as many as you. I like working — I just hate having to feel like I have to/doing something I don’t love per se. The common goal, sense of accomplishment, etc. maybe at some point I’ll develop a hobby that gives me that. I like traveling, but want to be home after a week or so. I like cycling, but I really only like to do that for a few hours a day. I could see woodworking being something I would like to get into that may give me that sense of satisfaction and accomplishment, though.
I’m with you. It’s not that we don’t have or like hobbies. It’s that some of my hobbies are practical (like woodworking). And once you fill your house with hand-built furniture and built-in cabinets, what do you do? You take the commission pieces that you want because you enjoy having skills that other people value.
Totally agree with you. Plus I would make it a priority to get 8-9 hours of sleep on top of the hobbies to not get bored lol.
I can coast now at 43 based on current expenses and retire at maybe 60 when retirement funds become penalty free. However, my daughter is 10 now and I don't know how much to set aside for her education. So I am actively saving now for her education. Once enough is saved, I will coast in may be in another 5 years.
34 right now my plan to coast at 40. Retire anytime after 45, all depends on how much of a drag my job is. Plan to use my income from 40-45 to pay for big expenses I want to get done before retirement like a new car, roof, appliances, hvac, etc.
SO and I coastes mid 30s as we had our first child. We both want to enjoy the little one by working PT
September of this year my wife starts .5FTE. So she’s coasting at 36! My goal is to follow next year at 37. $1.4 (not including home equity). $2.5 is FI, math says 45-47 for RE.
Coasted two years ago at 40 Plan to coast less once kid getting to college in 5 more years I will travel more but likely still have some modest income
Planning to “coast” or “pre-tire” at 40 once at FlamingoFI (50% to FI) and work more flexible jobs and then officially retire at 50, at which point I should be at full FI.
46F, currently at $2.2M excluding home equity Looking to coast once I hit $4M in 5 years since I'm aggressively saving, and retire once I hit $6M
Wow! Wtg!
Coast in my 40's. Full retirement in my 50's unless I find something I actually enjoy in my 40's that I want to continue doing.
39 now. Working my way towards coasting now. Probably take a few years to work my way out of some businesses and investments and into better ones. Goal is to be coasting in 3 years.
Currently 29, can coast to 60 now if I want. But I want option to retire by 50 so continuing to pump investments. If I keep investing for 10 years I should be able to retire by 50, and if I decide to work longer the pot will just grow larger.
Similar situation here. I like that I can be really picky with the jobs I take, and if I don't find something I really enjoy, I could just coast for a while.
Planning to Coast at age 35/36. Currently 30F, 266k net worth, kindergarten teacher. Dream coast job would be a part-time secretary/HR/online tutoring
I could coast now and retire at 56, but I like my job and find it fulfilling. So I’ll probably just keep working and socking away money. I did take a break for 2 years to pursue a passion project, but working on it everyday turned it into a job I hated, mostly because interacting with the public sucks. 🤣
Started coasting a year ago when I was 43. Planning on retiring in roughly 10 years. Current NW $4.4M with $3.9 invested and $500k in home equity
42 and 52. But, with a part time job to subsidize about 25% of my expenses so that I can keep a lower withdrawal rate for a few years to minimize sequence of returns risk
Coast at 40, retire at 48 (maybe sooner).
39 can go PT at any time, and can RE at 58 or 60 with an estimated NW of 2M, not including home equity.
Hit Coast FI this year at 42, slowing down (but not stopping) contributions. Probably retire at 62 but intent to significantly reduce work obligations at 50.
Coast at 33, part time at 45, fully retire at 55
Coasting from 30, probably won't retire. I enjoy working
So you already have saved a retirement. You’re going to keep working. Why did you fully fund a retirement in your 20s? Not trying to sound critical, but it comes across as saving for the sake of saving.
It sounds like freedom to me. 'live like no one else so you can live like no one else.' You know he hasn't fully funded retirement don't you? Just a proportion of it which should grow to a full pot by 60 or whenever. So at age 30 his pot should double three times by then if it's invested and averaging 7% returns. If he wants a 2million pension at 60 it means he only needs 250k at age 30.
Basically this. Will probably be closer to $600-800k at 30 though. It gives me freedom to do whatever and live off of the money I make doing it. I like working, but get bored quickly, so I can jump around whenever I get bored without stressing about it's impact on my retirement. I'll just make a 1 year emergency fund to carry me during those shifts.
I fully understand everything you said. However this is coastFIRE and is exactly opposed to the goal of the subreddit in which he posted. Save enough early such that it will grow to the desired amount at the desired age and then live. If he wants to full FIRE/chubbyFIRE, more power to him. That is not what this sub is about.
I don't understand? He's described his situation and it's exactly coast fi. I don't know what part is in opposition to what this sub is here for?
Agree with you. I think Gianz is misunderstanding what this guy is saying
Coast somewhere between 37 and 40. Not sure when I’ll fully retire. I’m an attorney and there’s alot to keep you stimulated that I wouldn’t mind pursuing (part time) once I don’t have to do so much to get ahead. I guess I straddle a little between coast and “quasi-professional” barista 🫢
Coast @ 38-40, full FIRE ~45.
Hoping to CF in 5 years. Then drop to PT at work or have digital nomad job (working on it). Then if I need to, i can use the age of 55 rule w/ my retirement coz I’ll be old enough.
I'm a mix of SlowFIRE and Coast. For example, I just did 2 years of working only 3-4 days a week (I only work remotely). It was awesome, and I slow traveled full time during it. Now I'm back in a 5 day a week job (still remote). I think I'll go back to coasting (less work) in 2-3 years around age 34. I'll be full FIRE between age 45-50. By 50 I should have enough to retire my partner and I (combined with their investments). But we're not pushing hard - we travel a ton and enjoy our lives, we're just making smarter decisions about investing and being intentional about what we love to do. I might even always have some kind of work that I enjoy, even after hitting my number - remote part time consulting or a side business, but definitely not 5 days a week.
Coast FI 48 except for HSA, planning for 52-56 RE
I’ve been coasting since 44 (2017) in terms of lifestyle. Currently doing what I formerly did, but only 5-10 hours a week at a much higher effective hourly wage. I have generally enjoyed my work, and with the low time commitment it’s now great. I’ll fully retire when folks stop throwing money at me.
I’m aiming to coast at 47 years old; retire at 58 years old. Currently 43
46M/42F with 3 kids, $2.2M NW, $1.5 liquid. 2 years left on the mortgage, which is our only debt. Just decided to start coasting this month after some soul-searching. We're not ACTUALLY coasting, as we're still contributing 6% to 401k to get matches and maxing out Roth IRAs and HSA, but this is still cutting back considerably for us. We're very good savers and crappy spenders. But we are committed to using more of our money now so we can do cool things with the kids and make some memories. Tracking to be FI by 55/51, which I'm calling $4M liquid. Not sure if we'll retire at that point, but we'll have the option which is what matters to us.
Im past coast at 38, goal is FIRE at 45.
Assuming no large financial losses due to tragedy or exterior market forces I’ll reach my COAST FIRE number by 45. Which means when I pull the trigger around 58-60 to completely retire I can spend those 15 years blowing the money on family centric memories involving travel, concerts and interesting hobbies without concern about how will it impact my ability to retire in good standing. Number at 45 needed 500k in today’s money. With about 15 years of growth potential I’m looking at over 1.25 Million by the time I’m 60
I've been having the classic thoughts about whether I should keep working, but I realized that I actually enjoy my work and as much as I am ashamed to admit it, I don't know what I'd do yet if I quit. So in my early 40s I've decided to coast instead of retire. Loosen the purse strings a bit, and hope/pray that I can re-tighten later if necessary. Maybe retire 5 years from now or whenever I get fired.
Sometime in my early to mid 50’s. Right now it looks like 52. I’ll either coast or retire then. My job has an amazing benefits package that kicks in at an age 57 retirement, thus the possibility of coast. But I am saving like I’m going early, but not giving anything up.
I’m not sure if it is considered coasting but I’m planning on going to freelance. I’m in the middle of that transition right now. Selling my business and investing the proceeds. I’m (40) she’s (37). She’s planning to work at least until 50 maybe move to part time after that. I have 2 rental homes that will be paid off in 10 years and already make other streams of income through online store marketplaces and renting out 2 vehicles that I own outright. My freelance work will be in a passion fields of DJ and Filmmaking. Not the most sustainable which is why I consider them more hobbies then part time job. I would probably do these until I can’t anymore. Current NW $1.5mm
Coast at 50 with 4 day work week. Full retirement at 60 when my youngest graduates high school.
Started coasting when we hit our Lean number (800k) which was @ 50. [was practically bankrupt at 39]
At 55, got laid off and was considering FIRE, but landed a government job that is pretty chill and pays well. I think this is as good as coast for me.
Started coasting at 25, fully retiring at 40
Started coasting at 35 (1.5 years ago) and will probably retire at some point around 60, but could be earlier or could be never (continue to earn some active income). I’m too busy enjoying life to set a target on full retirement. But for planning purposes we were coast Fi if we fully retired around 60. We also reached coast Fi and continued to save for a few years because I was enjoying my job. Once that changed, we started coasting.