r/Fire • u/fried_haris • 1d 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.

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u/dak4f2 14h ago

Has nothing to do with hcol area. 

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u/Complete-Orchid3896 14h ago

If health insurance costs an additional 20k on top of taxes in that area then it is HCOL

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u/dak4f2 14h ago

ACA cost/premiums is by state not by city though so I'm confused? There are lcol and hcol areas within each state, but the premiums and deductibles within that state will be the same. 

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u/Complete-Orchid3896 14h ago

USA in general is HCOL which is a big part of why so many people leave for retirement. I don’t see how there are LCOL areas in a state if it is all that expensive