I’m 27F and my husband is 31. No kids and no plans for kids. We have about $5M net worth, ~$4.1M of that is in index funds/ETFs. The rest is cash and crypto. No debt, and we currently rent in a VHCOL city.
We own a business that has a shelf life, and it’s been steadily declining in profit over the last year or so. My guess is that we can get a couple more years of solid income from it, and then we want to retire. We’re currently investing about $50k per month right now so if the stock market cooperates, we’re hoping to hit $6M-$7M NW by the time we retire.
We have a cash buffer of about $300k currently, and once our current lease is up (in about a year) we plan to slow-travel full time for a couple of years, taking breaks in between to stay with family. We won’t have really any fixed expenses so we could easily cut our spend if the market takes a turn for the worse.
I know we’re in a really good place financially, but the long time horizon gives me anxiety, especially with how uncertain the world feels right now. Has anyone else here FIRED in their late 20s to mid-30s? How did you manage the uncertainty? Should we increase our cash buffer as we get closer to retiring?
TIA for any insight!