FatFIRE
Financial Independence, Retire Early with a higher standard of living
What is FatFIRE?
FatFIRE is a variation of the FIRE (Financial Independence, Retire Early) movement that emphasizes maintaining a more luxurious lifestyle in early retirement. Unlike traditional FIRE, which often involves frugal living, FatFIRE requires accumulating a larger nest egg to support a higher standard of living.
Key Characteristics:
- Higher target retirement savings (typically $2.5M - $10M+)
- Annual spending in the $100K - $300K+ range
- Focus on maintaining current lifestyle in retirement
- More flexibility for travel, hobbies, and luxury experiences
Common Strategies:
- Aggressive saving and investing during high-earning years
- Maximizing tax-advantaged accounts
- Building diverse income streams
- Real estate investing
- Business ownership or equity compensation
Rule of Thumb:
Many FatFIRE adherents use the 4% withdrawal rule, meaning you need 25x your annual expenses saved. For $150K annual spending, that's a $3.75M target.