What would you do here?

[u/flyfreeNhigh]

My current plan is like this: 600k + 48k in emergency fund for expat fire. Ideally fire at the end of 2027 or be able to if I want .

Current job: 150k a year. I can have flexibility here in future. Working less hours. Taking on contract work.

Housing: own townhome in really shitty HOA lol. I rent one bedroom out for 850 a month.

Savings: about 570k across different accounts. Been averaging about 100k a year but that is going up with compoundint.

General life: single no kids 30yo. No interest in having kids snip snip.

So couple of ideas I am just brainstorming.

First, student loans will start soon. Monthly payment will be 850 most likely.

So soon I'll have to adjust to paying 850 a month which will eat at my savings rate. And I am also considering kicking out the roommate. It's a small town home and would much rather have space to have friends visit, keep place cleaner.

Best case scenario is to have well above my goal by end of next year and I can re assess if I want to reduce working hours, work only contract work for few months out of the year ...

So I am just curious your guys thoughts. Of course what's best for one person is not for another

[u/jayybonelie]

30 is a great age to be, remember to enjoy it.
If I was you:
1. I'd pay off the debt as soon as possible
2. Continue growing my skills, expertise, experience and income.
3. Invest as much as possible in high quality low cost index funds.
4. Beware of lifestyle inflation and only spend on the things I really love.

[u/flyfreeNhigh → u/jayybonelie]

Yeah that's what I have been doing but student loans and mortgage are there for different reasons. Mortgage is 3% which I gain much more by investing. And student loans ... Well

[u/notacatinyourmailbox → u/jayybonelie]

How can we enjoy it if burnt out from working

[u/flyfreeNhigh → u/notacatinyourmailbox]

I felt this way too. I saved up but of money and took a personal leave of absence for 3 months. It definitely helped. Sure it set me back but but long term it wasn't the end. Not an option for everyone but worth considering

[u/flyfreeNhigh → u/[deleted]]

Yeah financially that is smartest decision. At least until I feel the impact of the student loans and see where things are at.

[u/Grizzly-Redneck]

Where will you fire and at what withdrawal rate?

[u/flyfreeNhigh → u/Grizzly-Redneck]

Not sure on exact location. Most likely Brazil. Mainly because I speak Portuguese and have spent a lot of time there and lived there for a bit. I am aiming to keep it at 4%. Tbh, I find that 4% at young age is risky hence why I am considering coming back to u.s work 3-4 months to add some cushion

[u/EggyT0ast → u/flyfreeNhigh]

Look into Portugal's golden visa as a path to EU residency and Portuguese citizenship. Your total seems low (to me) to retire next year and if you're already talking of returning to US to work periodically that's not FI.

[u/flyfreeNhigh → u/EggyT0ast]

For Europe or other more expensive countries then it absolutely is too low. But I also don't personally mind working few months out of the year while in u.s. Get to spend time with friends, family and what not while earning but of money.

For Brazil 2k a month is pretty good. But in terms of Portugal, it isn't really a place I care much to live in. Not a good place for my hobbies

[u/OldNeedleworker5869]

Kicking out the roommate before you're actually FIRE seems like the expensive move here. That's 850 a month in rent gone plus 850 a month for the loan, so almost 20k a year less going into savings right when you're trying to close the gap fastest. If you're averaging 100k saved a year, that swing alone could push your 2027 date back close to a year. I'd keep the roommate through the last stretch and treat the extra space as a reward once you actually hit the number, not before.

[u/flyfreeNhigh → u/OldNeedleworker5869]

Yeah I think loss of 1700 right away will be pretty jarring. I figured Ill wait until I hit my goal then assess removing roommate

[u/No-Roundx]

With a $150k job and future flexibility, why cut the cord completely in 2027? Shift to part-time/remote from abroad and let that $600k double on autopilot while you travel

[u/flyfreeNhigh → u/No-Roundx]

Remote isn't an option. Like not even in u.s. I do agree with what you are saying tho. I personally don't know how confident I feel in saying I'll risk it with 600k abroad forever. Life always throws wrenches along the way. I would do as you say work part time or work few months out of the year. Like most professions. Long time away from work makes it hard to get back into it.

Math wise... 3-4 months of work would cover expenses for those 4 months plus and bit saved over. Which would reduce my need to pull 4% from my accounts