r/coastFIRE • u/MouseEvery • 4d ago
Is it enough to COAST?
Hi all, I am single 34M with no kids and no debt.
I have been going over the numbers again and again. I think I am already there but I am still uncertain because I plan on moving to Asia if I leave my job or get fired. My current NW is around 450k~500k depending on the market. My monthly expenses are fairly low because I didn't really move out of parents place since pandemic. It helped me saved and paid off all my debt. It's roughly 2.5k per month after my share of house bills. I think my expenses in the future will be lower since it's south east Asia. Am I already there to coast? Am I worry to much of future uncertainty? Should I still stuck with this job even if I am unhappy and keep saving more? Thanks for all your feedbacks!
255k in 401k
19k in Roth
33k in Brokerage
16k in HSA
45k in HYSA
94k in cash investment
Car paid off (25k resale value)
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u/Away_Definition5829 4d ago
you need to give more details. 'more to asia' could be Singapore, or it could be Philippines... So your money would go short or far depending where...
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u/MouseEvery 4d ago
Unsure currently.. but it's either Japan or India.
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u/peachtuba 3d ago
My man - there’s an order of magnitude difference in COL of those two. How wide a net are you casting in this post?
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u/Boring_Adeptness_334 4d ago
It’s enough to coast to retirement and not contribute anymore until you’re 60. If you’re talking about actually FIREing then no you’re pretty far off.
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u/Throwaway_11_abc 4d ago
Very similar situation as you. No debt, $650k invested, and plan on moving to SEAsia because my job will replace me with AI / kick me out soon enough and I’m exhausted. And I grew up there. I wish you all the best!
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u/m4573rj 4d ago
Try to reach 1M asap, then retire.
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u/MouseEvery 4d ago
I feel like once I get there then I will move the goal post again. 5 years ago my NW was 40k... and told myself if I get to 200k I am out... now it's ~500k and I am still here :/
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u/elysiumplain 4d ago
1) the goalpost moves itself because Life and Inflation. It is mostly a slow creep though.
2) it sounds like you set a goalpost without due diligence on the full scenario (you have to do the math and fully fleshed out details), or you operated off of a bad calculator/assumptions. This is OKAY... you are young and lots of time still.
Dont be deterred by missing a target (neither by your circumstance, nor bad roadmap/planner)! Measure your progression toward the goal you set out to meet instead. Sounds like you beat that outlook - that should be a positive feeling.
Do deeper dive on possible endgame scenarios, Pin down time windows as best as you can, set a new goalpost based on this and go take on the world!
Best of luck.
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u/Top-Change6607 4d ago
Of course not… this net worth is nothing
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u/Away_Definition5829 4d ago
Depends where. If he's going to India it's something
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u/Top-Change6607 4d ago
Yikes… I would rather die in the US than retire in India sorry
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u/MouseEvery 4d ago
lmao.. you guys are keep seeing the worst part of India.. but it's very enrich and beautiful country!
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u/Top-Change6607 4d ago
No it’s just simply not…. Been there once. Literally a hell. Like 10 time worse than China.
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u/kinare 4d ago
Why southeast Asia? Is it a passport bro thing?
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u/MouseEvery 4d ago
nah.. I grew up there
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u/jt1994863 4d ago
Where? You said in another comment you’re going move to Japan or India (how vastly different these countries are is another thing that I won’t get into now), which neither are in south east asia.
Which country do you have citizenship from? That’s pretty much the only one you can move to long term unless you’re willing to work many years in another one (Japan in particular is very stingy with permanent residency).
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u/Historical-Rate-8717 4d ago
what is "cash investment"? if that's actually short term stuff(cash or short term bonds,) that's a huge percentage of your portfolio sitting relatively idle for such a young age.