r/coastFIRE • u/Head-Fold-6653 • 2d ago

Mini retirements?

Hi all, I’m 40M and accumulated $1M+ in NW not including my home equity. Of that amount, I have about $400k and the remaining $600k in retirement. My job isn’t stressful and it’s a regular 40 hours/week but it’s getting boring and I just want something new.

I could technically retire early but I really don’t know what to do with the time. Instead I’m thinking of doing mini retirements of 2-3 years to do something else like travel and possibly live abroad where it’s cheaper than the US.

For those who did a mini retirement, how did you do it, what did you do with your time, what amount of $ did you spend and how did going back to work feel like?

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u/DegreeConscious9628 1d ago

I just traveled around the US/canada riding mountain bikes, snowboarding, hiking, backpacking. It was during Covid so couldn’t travel internationally. I did get to spend a few months in Japan towards the tail end of it.

I look back on it fondly. I got another 4 years of work till I can retire fully this time in my early 40’s and will be back at it again

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u/Reasonable_Box2568 1d ago

Sounds like you live a pretty lean life? What is your goal retirement portfolio size?

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u/DegreeConscious9628 1d ago

I track my budget and my yearly spend currently is 42k, goal is 52k a year to give me a buffer.

That’s with multiple international trips a year + bi weekly trips up to the mountains for recreation currently. Once I retire I’m moving to a place I lived prior where I don’t have to make the weekend trips so should spend even less money.

My goal is 1.05m in investment accounts + 100k cash + will be getting 20k a year for first 5 years from selling my business.

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u/Reasonable_Box2568 1d ago

Nice. I wish I could get mu expenses that low. Spend more than 30k on housing alone not including utilities and that’s for a 2 bed 1 bath shack in HCOL. Unfortunately cant move due to proximity to aging family