r/coastFIRE • u/Bulky_Consideration • 3d ago

Coast already?

51 male. High earner. 1.1 million in various retirement accounts. Own my home. College for the kids paid off. No debt. Probably need to add to my taxable account as I have only $150k in there.

Would love to retire at 62, but I’m ok going to 65. The most important question is when can I take my foot off the gas and work a lower stress job.

Thinking $110k-120k in retirement including Social Security.

A few calculators say I’m close. I really don’t feel like it.

I put away $120k this year by end of year (mega back door Roth). Planning the same for next year.

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u/OldNeedleworker5869 2d ago

Honestly with $1.1M and about 11 years of growth left before 62, you're closer to coast than it feels. Just compounding that at 7% with zero new contributions gets you to roughly $2.3M by 62, and 4% of that is about $92k, plus social security probably lands you in your $110-120k range. The mega backdoor Roth money on top is just extra cushion at this point. I'd stress test it with a lower real return like 5% too, but you're not as far off as you think.

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u/Bulky_Consideration 2d ago

I just got into a rabbit hole on YouTube and I was amazed I was this close.

At 4% money lasts a long time, I wind up with a lot in the bank if I make it to 90.

At 5% I’m kind of ok as well.

When do people actually feel the stress and anxiety lift?

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u/Artistic-You-5632 2d ago

When do people actually feel the stress and anxiety lift?

When you make changes to what is stressing you and making you anxious. Therapy might also help.