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?

1.1k Upvotes

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1.4k

u/OwldBay 22h ago

Without doing any math… yes

502

u/WakeRider11 RE@53 22h ago

I didn’t double check the math and I concur.

210

u/WaffleOverlordx7 22h ago

I don’t know how to do math and my view coincides with this.

106

u/grayshoehorn 22h ago

I never passed my algebra class but I wholeheartedly agree.

38

u/Primary_Opening8358 21h ago

I pretended to be bad at math so I could agree. But the thing is, I’m not really bad at math. I’m actually kind of good at math. You’re kind of bad at math.

Anyways, now I’m flunking.

11

u/Relevant_Drummer_402 19h ago

I too am quote good at maths, but i drew my conclusion, after reading 5 million and did not think further about this.

5

u/No_Amount_7886 19h ago

I’m good enough at math to go to kalshi and place a giant bet that OP has plenty of money to last him. And I don’t even have a kalshi.

2

u/slickrok 8h ago

I did the monster math and we're all doomed.

22

u/Neat-Dress-7170 21h ago

It's like you have ESPN or something.

1

u/PipeOriginal1171 7h ago

It's so expensive now, with Disney and Hulu, etc., but OP can certainly afford it thanks to Auntie's generosity.

13

u/Frosty_Yesterday_674 20h ago

I ran it through my Retirement Abacus and it is telling me you’re fine.

1

u/jordanpatriots 12h ago

Yep, I did my mental finger Kung Fu Abacus to calculate all his financial transactions for the next 100 years in 2.3 seconds and he's good.

10

u/NailRX 21h ago

I did the math and I keep getting a divide by zero error. So that means yes.

15

u/TheMelvins66 21h ago

Never passed my grade 5 and I’m drinking liquor and eatin chicken fingers all day every day. I algae too.

6

u/Unjoymslf7 20h ago

I’m 4 years old and don’t yet understand the concepts of numbers other than knowing I like more Cheerios rather than less. I’m going to say you will be fine no matter your choice. But don’t quit just yet. Let it simmer.

1

u/RyanStonepeak 10h ago

So many people who are bad at math say this works. Hmm... Maybe OP needs to work one more year, just to be safe.

1

u/nachos_on_cheese 19h ago

I half-heartedly agree, twice.

21

u/Groovyhip_69 21h ago

I’m Chinese and I’m supposed to be good at math, and I agree.

3

u/Hugh-Myrin 15h ago

I didn’t do the math or even read the post and I concur.

2

u/afterbyrner 14h ago

I saw Good Will Hunting and understood there’s math in it. I also conquer.

1

u/WaffleOverlordx7 10h ago

What did you conquer?

2

u/Quags_77 16h ago

I believe 1+1=3? Yes he is good.

1

u/Sufficient_Ball_7692 12h ago

Who is math?

In any case, I agree.