- Pay roughly $30K in taxes
- Spend $30K, which is close to the median American's individual expenditure
- Invest the remaining $50K
At that rate, you can achieve lean FIRE in 15-20 years. So not quite mid-30s, but not far off.
Of course, in a high cost of living area, you might need to spend more than $30K, but you'd also make more than $110K. (For what it's worth, I lived in SF for several years and spent less than $30K annually.)
- Pay roughly $30K in taxes - Spend $30K, which is close to the median American's individual expenditure - Invest the remaining $50K
At that rate, you can achieve lean FIRE in 15-20 years. So not quite mid-30s, but not far off.
Of course, in a high cost of living area, you might need to spend more than $30K, but you'd also make more than $110K. (For what it's worth, I lived in SF for several years and spent less than $30K annually.)