“Retirement is the withdrawal from one's position or occupation or from one's active working life. ... Retirement is generally considered to be "early" if it occurs before the age (or tenure) needed for eligibility for support and funds from government or employer-provided sources. Early retirees typically rely on their own savings and investments to be self-supporting, either indefinitely or until they begin receiving external support.” SourceIt’s an exciting time in the RIT household as I’m now calling myself FIRE, Financial Independence Retire Early. I’ve worked my notice period, completed a professional handover of responsibilities, was given a fabulous send off by the company I worked for, surrendered my identification card and then walked out the door.
I guess that confirms I’m now jobless but am I really FIRE? Do I really have enough savings and investments to be self supporting ‘indefinitely’? Let’s start with the level of wealth that I go into the next stage of my life with:
Click to enlarge, RIT progress towards FIRE
That’s just a whisker over £1.3 million.