[USER]

What can I do better to hit FIRE by 40? Am I on track?
Age: 27
Job: Active Duty Enlisted E7
401k: $72.7k
Roth IRA: $50.6k
Brokerage: $46k
Cash: $10k
Debt: none
Property: none

I will retire from Military at 38 years old and receive roughly $8k/month for life in pension/disability.

I want to increase my NW as much as possible so I don’t rely on that.

Goal: I want to retire early and buy a home. Also, I want to have at least $1M NW.

Thanks for the help! Much appreciated.

[Juliett]

You’re doing great for 27. If you keep on this trajectory, you’ll probably be in good shape at 40.

However, retiring at 40 is very different than retiring at 65.

$1M isn’t going to be enough to retire at 40 and live comfortably the rest of your life.

Do you have a spouse? Any children?

After you retire at 38, you probably need to look at a second career especially if you’re going to have a mortgage.

[Joey]

You’re not sleeping on that TSP ooweee! Good for you. That’s about where I was at. You’ll hit a mil by 40 at this rate in my opinion.

[Iris]

Great job so far! You’re definitely on track for millionaire status by 40. Especially maxing out your TSP.

You’ll see it compound pretty quickly as the years go on.

[Branden]

Use your VA loan to buy a multi family home or one with multiple rooms and rent out to your fellow service members?

[Mike]

All could be great and on track and then you lose half all of a sudden in a divorce. 9/10 millionaire women obtained it through marriage.

Choose wisely, but don’t get legally married even with a prenup.

It is the only legal contract where one party is incentivized for breaking it. The state will control your destiny.

Watch James Sexton interview on Soft White Underbelly YouTube.

[Wendi]

$8k/mo and means you gotta look for a house $500k or below

[Author]

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