New to learning about FIRE
Hi everyone, 29F, just learning now about FIRE
I have $45k in 401k
$20k in roth 401k
$2k roth IRA
$8k in brokerage account
My contributions moving forward (I just got a raise)
- $630 every 2 weeks in roth 401k
- max out roth IRA
- $100 every 2 weeks in brokerage account
(will increase if my income increases)
home will be paid off in about 10 years, w/property taxes around $700/month, I will have no other expenses other than utilities, food ($600/mo) and gas. I do travel to my home country once per year, spending around $2ktotal.
my spouse (33) makes the same amount as me and contributes the same amounts in 401ks/ROTH as well. They have $90k in retirement accounts.
can we fire by 50? how do I find out what my fire number is? should i not contribute as much in retirement accounts and do a brokerage account instead? sorry guys im a bit lost in the sauce