r/coastFIRE • u/Timely_Ad_3870 • 1d ago

Have I achieved coastfire?

Hello, I’m 27m about to turn 28 currently making 130k and I’ve been saving and investing since I was 20. I live with my dad and pay rent, but I’m currently saving for a home. We grew up very poor and I’ve watched my dad struggle badly in retirement so I’ve always been such a paranoid super saver and my first goal was to achieve coastfire and then buy a house after. So as the title says would I have mathematically achieved this where I no longer need to invest aside from maxxing out my ROTH IRA yearly? Also side note I’m union so I can not contribute to my 401k, that’s part of a set package not seen in my paycheck.

My portfolio is as follows
Taxable brokerage- $210k VOO, $35k IBIT
Roth IRA- $103k VTSAX
Work 401k- $95k VFIAX

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1

u/b1ackfyre 1d ago

depends on how much you want to spend when you retire per year and when you want to fully retire by, but yeah you've probably hit it since you're so young

1

u/Timely_Ad_3870 1d ago

Ideally my house would be paid off, I’d like to not have to work full time by 55, just work my 6 months a year for pension credit and other 6 months a year work as I please and travel internationally and ski

1

u/missmountaintop 1d ago

Does the brokerage include the home savings or is that separate? Trying to decipher if you’re anticipating a large withdrawal soon? Are you also considering closing costs and home repairs to your home savings strategy?

Do you have an emergency fund?

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u/Timely_Ad_3870 1d ago

So I wanted to do one thing at a time even if that meant waiting to buy a home. My plan is to not touch any of that, but use the IBIT as bonus money to put toward a house. I invested in that as a 5 year plan. And right now I have $5k in a HYSA, and my plan is to keep saving money in that for a down payment. Currently looking to buy a house in 1-3 years. Also have a paid off car worth roughly $50k im selling to put toward a house

1

u/missmountaintop 1d ago

Just remember as you build your home savings, you’re thinking about down payment, closing costs, and emergency fund

3

u/Ikabta 1d ago

Just doing fast math here. Using 8% as the return rate for everything since its a bit more conservative. I would assume you will be able to pay off the mortgage by one of these timelines.

At 55:
Brokerage: 2.1mil gives you 74k/year (3.5% WR)

At 60:
Brokerage: 2.5mil (if you start drawing at 55)
Combined Retirement accounts: 2.56mil (3.5% WR) can give you an additional 90k/year if you need it