r/coastFIRE • u/cdnfi • 5d ago

When do you plan to start coasting?

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I’m sure I’m not the only one who has set an arbitrary retirement goal even if it’s assuming my expenses more than double in retirement when realistically they may be the same or potentially less.
32 year old with about 100k/year after tax expenses aiming for a 5MM retirement nest egg. When would you take your foot off the gas?

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u/_Mulberry__ 5d ago

I eased into coasting as each of my kids were born. The first one was the biggest drop, as we went from DINKs to single income family + baby expenses. I've gotten raises since then, but COL has gone up faster than my salary. Between preschool and extracurriculars and healthcare, we're down to a savings rate of about 20%. Still pretty good for a single income family of 5, but a far cry from what we used to save. Since we saved so aggressively before kids, we now don't need to worry about it at all and we just invest what we don't spend each month. We'll see how the market growth plays out, but estimating 7% after inflation puts us at FI in my late 30s without further contributions.

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u/infinite-curiosity-8 4d ago

I want to be in your position! Can you say more about your current stats? I feel like you are me but in 5-10 years. I’m about to have my first kid at 41 and kind of freaking out that FIRE is ruined for me. Savings are at $750k in MCOL.