Since I discovered the FIRE community, I have not stopped thinking about it. Is it real? Is it too good to be true?
Here is my situation:
Family: 31M + 33F + 2 kids
Cash: 110k€ + 35kCHF
Net income: 82kCHF
Saving rate: 40%
When I crunch the numbers with a ROI of 6% and a SWR of 4%, this gives me that I could FIRE in 16 years. I just wonder if there is a catch? My girlfriend is looking for a job at the moment, so we would roughly double our income, therefore decrease the time for FIRE. There are so many promises/scams on internet on how you be rich staying at home doing nothing… So when I read again and again that I can retire in only 16 years without much change in my life, I need to be suspicious. But after 6 months of reading many blogs and forum, I guess that would be a huge and smart scam.
As a noob in the index found investment, from what I read, I have understood that I should invest most of my cash in VWRL with IB. Are you ok with that basic strategy?
When I do the math, I see that VWRL gives approximately 6% per year with the assumption that VWRL perform the same way as the last 5 years. But that 6% is without taxes, if you consider taxes, the 6% are eroding, isn’t it?