Retiring in your 30s and 40s is 'conceptually very simple.' Here's how people have done it.
His wife still works, though he said he's trying to get her to quit and join FIRE with him. For now, he uses her health insurance but when she retires they'll switch to an Affordable Care Act subsidy.
The former economist at the Federal Reserve says that he's part of fatFIRE, those who can afford to retire with more frills. For a decade, he saved 50 percent of his salary, which was in the mid-six figures. He plans to live off around $80,000 a year in retirement. He has a 529 college savings plan set up for his 5-year-old daughter, Kati. He's considering joining a health insurance ministry, in which members pay for each other's medical expenses as they come up each month."I don't think I'll get bored," he said, of the decades to come. "Even travelling now is like a full-time job.
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