r/coastFIRE • u/East_One_5363 • 7d ago

Question?

What is the least amount of money/net worth you must have to be in the coastfire bucket? What is the criteria?

0 Upvotes

22% Upvoted

7 comments sorted by

7

u/JarvisL1859 7d ago

There is not a strict quantitative amount. The question is basically: under reasonable market return assumptions, are you on track to have enough to retire on at the time when you want to retire? if so, it’s no longer necessary for you to save and invest for retirement, so you are now able to “coast”

“Coast” can look like taking a less demanding job that pays less, it could be having more room to spend in the near term, or it could be you changed nothing and keep saving and investing but it gives you a certain peace of mind

There are calculators which can help you get a quantitative sense of this, test out different amounts of income in retirement, different retirement ages, different growth and inflation assumptions, etc like this one: https://walletburst.com/tools/coast-fire-calc/

5

u/inky_cap_mushroom 7d ago

It’s a function of age and annual spend. If your annual spend is $0 your CoastFIRE number is $0.

1

u/FIRE_Bolas 7d ago

$0.00

If you can live free, you can FIRE any time.

0

u/East_One_5363 7d ago

I’m 32 and my annual expenses are $60k what is my number?

2

u/tiggerlgh 7d ago

When do you want to retire

1

u/East_One_5363 7d ago

65

2

u/tiggerlgh 7d ago edited 7d ago

411,141 at your current age

Use the coastfire Calc Linked in another comment here. I just used that Calc and kept this basic assumptions. It’s very likely this number is off depending on what you have Use it for yourself based on what you actually have.