Coast FIRE by Age 30, 40 and 50 (2024)

Coast FIRE is when you’ve saved up enough in traditional retirement accounts that you’re able to simply coast to retirement without any further contributions.
Let's take a look at how to reach Coast FIRE by age 30, 40 and 50.
Coast FIRE Calculator (free): marriagekidsandmoney.com/calc...
Prefer reading? Here's the full article: marriagekidsandmoney.com/podc...
Ready to open a Roth IRA? Here's a step-by-step guide: marriagekidsandmoney.com/how-...
CHAPTERS
00:00 - Intro - Coast FIRE by Age 30, 40 and 50
01:42 - Coast FIRE by age: Data
02:02 - Investment Vehicles
02:50 - Coast FIRE by age 30
04:26 - Coast FIRE by age 40
05:05 - Coast FIRE by age 50
06:06 - Coast FIRE by age 30 - 50
08:23 - Outro - Coast FIRE by Age 30, 40 and 50
#coastfire #familyfinance #coastfi #firecommunity #personalfinance
OTHER VIDEOS TO WATCH
Coast FIRE w/ $380k by 40 in Arizona | Kathryn Hanna
• Coast FIRE w/ $380k by...
7 Life-Changing Benefits of Coast FIRE
• 7 Life-Changing Benefi...
Coast FIRE: An Easier Way to Join the FIRE Movement
• Coast FIRE: An Easier ...
MARRIAGE KIDS AND MONEY:
This award-winning blog, podcast and KZbin channel are dedicated to helping families build wealth and thrive. Each week, Andy Hill shares actionable advice and tips for family financial independence. Also, he interviews personal finance experts, families who've achieved financial independence and debt-free parents to inspire you to do the same.
BIO - ANDY HILL:
Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.
Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.
When he's not "talking money", Andy enjoys being a Soccer Dad, singing karaoke with his wife and relaxing on his hammock.
✅ CONNECT WITH US
Instagram: / marriagekidsandmoney
Facebook: / marriagekidsandmoney
Blog: www.marriagekidsandmoney.com
Podcast: www.marriagekidsandmoney.com/...
Facebook Group: www.marriagekidsandmoney.com/...
HOW WE EARN MONEY and DISCLAIMER
This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice.
Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.
CREDITS
Research & Writing: Andy Hill
Video Editing: EditVideo.io
Thumbnail: Ardi, The Thumbnail Wiz
Channel Support: Nev Maraj

[@MarriageKidsandMoney]

Access our free Coast FIRE Calculator here: marriagekidsandmoney.com/calculators/coast-fire/

[@tompietz1608]

We just reached Coast Fire this year at age 57 & 54...it's a game changer as to ones freedom to be generous, more flexible, make bold decisions, live without money restrictions and living the second half of life with less intense work schedules.

[@MarriageKidsandMoney]

Incredible! Life is for living!

[@levyboshedy3889]

Thanks for the videos Andy. Keep up the great work.

[@MarriageKidsandMoney]

Thank you for watching!

[@maragirl1658]

This is very helpful information. People need the know how and the discipline to win in life. These stories of the people who did at a very young age were probably people who had the benefit of safe and stable families. Many people do not have that advantage.

[@MarriageKidsandMoney]

That's very true. Those youthful examples most definitely had homes with parents teaching the importance of generational wealth and financial literacy. All we can do is start where we are today with the knowledge we have. 1% improvement is possible.

[@richardople]

Very handy guide. Thank you!

[@MarriageKidsandMoney]

Thanks for watching!

[@Anaturalpharmacist]

Enjoyed the video!

[@MarriageKidsandMoney]

Thank you for watching!

[@rda9441]

Great video...and good numbers to keep track of. I am on good track based on numbers. My fire number is 3 million by 62.

[@MarriageKidsandMoney]

Way to go! Inspiring!

[@JohnDoe_1609]

I make quite a bit but honestly live off 60k pretax quite comfortably. Got a car with a payment and a 280k now 450k home with a low monthly payment. Most my money goes to retirement to catch up. But the real impact was simply learning to live on less.

[@MarriageKidsandMoney]

Sounds like you're living a smart life to me!

[@matildaho581]

The jump in numbers from the 2022 video make this feel impossible 😭. Estimated 220k by 30 in 2022 and 330k by 30 in 2024.

[@MarriageKidsandMoney]

I understand how you feel! I use 7% instead of 6% -- but honestly, these are all just educated guesses. No one can truly predict the future of the stock market. I'd recommend checking out our Coast FIRE calculator in the pinned comment to get more specific on your numbers.

[@matthewmurray7428]

This is great! I think things might actually be even better if you include Social Security.

[@MarriageKidsandMoney]

I would agree and I'm more than likely going to change our calculator to include that.

[@thomasbyrd3832]

I love the idea of coast fire as I’d love to someday be able to step away from my high pay, high stress job and pursue something more in line with my passions. We’re ~ 60% of the way there as of right now (late 30s), but are well over 100% if you include the net worth we have tied up in rental real estate.

[@MarriageKidsandMoney]

I love that! What is your timeframe for stepping away from that high-stress job? You've earned it!

[@thomasbyrd3832]

@@MarriageKidsandMoney I'd like to get our stock investments up to ~80-90% of our coast FIRE number before I step down. Plus, we have some larger expenses related to our ten-acre homestead that we want to tackle before we take a reduction in income. So likely looking at another 5-10 years depending on how things pan out.

[@MarriageKidsandMoney]

@@thomasbyrd3832 Awesome! Public proclamation is powerful. Go get it!

[@scottingalsbe2164]

Getting ad-free KZbin when we hit coast fire

[@MarriageKidsandMoney]

Goals!

[@coreylarabie9132]

85k is a large comfort number, but this example is very helpful Thank you!

[@MarriageKidsandMoney]

So glad you enjoyed it! Yes, $85k could be very comfortable for some and tight for others depending on their local cost of living.

[@TheFirstRealChewy]

Definitely depends.

[@invictus_1511]

Can you add a field in your calculator for fixed income? Such as pensions, disability, etc

[@MarriageKidsandMoney]

This is an excellent suggestion! I'm wondering about the verbiage for that field. I'd like to add project social security payments (at 75-80% of what is projected on SSA.gov) as well as rental property income, etc.

[@invictus_1511]

@@MarriageKidsandMoney *fixed income* Field

[@invictus_1511]

@@MarriageKidsandMoney im thinking for people that have fixed disability income. Dividend income etc

[@Boss2000]

Is there a way to calculate coast fire number if you have rental real estate income as well?

[@MarriageKidsandMoney]

For a quick way (not perfect math) ... use our pinned calculator calculate your annual expenses subtract annual rental income (after accounting for expenses, taxes, etc) and that could be your new annual expense number That should improve your Coast FIRE results!

[@Boss2000]

@@MarriageKidsandMoney Thanks for the tip!

[@nicolasgirard2808]

I do wonder how realistic these early retirement projections are, given the unsustainable debt load and collapsing fertility that the developed world is seeing.

[@MarriageKidsandMoney]

An excellent point that shouldn't be ignored. These are just guesses. No one knows what the next few decades will bring.

[@TheFirstRealChewy]

Its a novel concept, but I'm either FI or I'm not. No coasting for me.

[@MarriageKidsandMoney]

You're not alone. Others feel that way too. FI or not FI.

[@JoeCoz17]

And what happens if future returns are much lower than past but you could have still retired if you kept contributing instead of coast firing

[@MarriageKidsandMoney]

Truth right there! No one knows what future returns will be for certain. Find a balance that works. Perhaps decreasing contributions instead of stopping makes the most sense for you.

[@Asstronauts93]

330k at 30 is a meme. Increase the 6% compound rate to 10% and all you need at age 30 is 85k. If you wanted to meet in the middle and say 8% then you need 160k

[@MarriageKidsandMoney]

Yes, find the number that works best for you. We have a calculator in the pinned comment that allows you to change your numbers as you'd like

[@govinds5590]

The 6% rate accounting for inflation is reasonable.

[@decki86]

Maybe should be conservative and set 80k expense with inflation adjusted for the different age group? Or is it already adjusted for inflation ? The 80k will take a hit on purchasing power the longer time u wait for age 62 retirement

[@MarriageKidsandMoney]

Already adjusted for inflation, but again, these are broad estimates and truly guesses at that. It's best to work with a financial professional who knows your situation best.

[@decki86]

@@MarriageKidsandMoney if so with the numbers, coast fire is really more attainable! Thanks for sharing

[@MarriageKidsandMoney]

@@decki86 I'm glad you like the concept! It's helped me and my wife to relax more regarding our finances and the amount of time we spend working each week.

[@johnjohn40100]

But you still have work on coastfi 😢

[@MarriageKidsandMoney]

YES! I am really enjoying working part-time after hitting Coast FIRE. There are a lot of statistics that show working and having a purpose in life can help you live a longer and more fulfilling life.

[@johnjohn40100]

@@MarriageKidsandMoney you're right. You still need something to occupy your time. 10-20hrs vs 40 hrs

[@rolandosouffrain7957]

Around 78% of Americans live paycheck to paycheck. Who really can Dave this much?

[@MarriageKidsandMoney]

I suppose the other 22%.