CapitalMission8486 OP t1_iy432cl wrote on November 28, 2022 at 4:33 PM

Reply to comment by Concerned-23 in Is $2k rent too much even after contributing 30% to retirement (more details below)? by CapitalMission8486

The 30% is 401k and Roth combined. about 20% is 401k, and 10% is roth + index funds in a brokerage. I probably could scale that back a bit if needed

Concerned-23 t1_iy439to wrote on November 28, 2022 at 4:34 PM

Are you trying to FIRE? If not, 30% monthly retirement could be considered overkill

CapitalMission8486 OP t1_iy43oec wrote on November 28, 2022 at 4:37 PM

It's something I'm fancying the idea of. Just started my career a few months ago, and already thinking about retiring early haha.

freecain t1_iy4fpif wrote on November 28, 2022 at 5:57 PM

I would into FIRE more closely for strategies. I know very little about it, but one thought would be wanting to diversify your saving strategies since you may end up wanting to withdraw from your retirement before you reach retirement age. Plus a large savings could help with things like buying a home down the line.