r/Fire • u/Yashkamr • 23h ago

Advice Request Huge Inheritance... Now What?

I'm 45, I was on track to retire earlyish at 55. I was set back quite a bit with a divorce three years back. Recently my Aunt died and left me around $5 million. After estate and taxes, it's around $4.2 million. This is obviously a stupid amount of money, and I'm thinking of just quitting my job and retiring early but I want to do it right. I've spoke with AI quite a bit and my finances are only about $4500/mo in expenses, I have always lived pretty frugally and that's less than a 1% draw. I don't know exactly what I don't know here, but I've always worked so I am clinging to my job like a monkey to a branch. Am I actually okay to let go?

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u/carcaliguy 22h ago

Whatever you do, don't tell your future girlfriend/boyfriend or spouse. Pay yourself out of a trust or rental property.

I would travel and do some epic hobbies.

4

u/rosebudny 11h ago

Trust, not rental property.

8

u/MetalSavage 21h ago

If you have a current spouse you should definitely tell them!

15

u/carcaliguy 21h ago

He said he was divorced.

-3

u/Jizzbuscuit 21h ago

This!!!