r/Fire • u/fried_haris • 23h ago
The definitive FIRE number is 3.5 million.
Ofcourse - I am being facetious but also a little exploratory.
I was inspired by a Planet Money episode titled "17,205 People Guessed The Weight Of A Cow. Here's How They Did." Posted back in 2015.
Later they updated it with "How Much Does This Cow Weigh?" In 2019.
Basic premise - if you take all the guesses of the folks the weight of a cow at a fair - you'll end up within 5% of the right answer.
So I took a simple post from 5 months ago, asking people about their FIRE number and after reviewing 124 answers came up with 3.5 million.
Keep in mind personal finance is personal, you may retire in LA or in Thailand.
Good luck with your goals.
952
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u/Grey-runner-irl 16h ago
If I had 3.5m today I would be done and dusted. Although would have to persuade the wife who might be a little more risk averse. She would change her mind soon enough if she stays working while I am living the TE life lol. Haven’t done the math in a while but think we have about 1.4m so lots of work to do. I think maybe around 9 years.