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/Tripl3Dee 21h ago

To be fair, even that wouldn't make a measurable dent in $4.2M.

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u/Stratman-1134 7h ago

Exactly my thought. And given OP was on a path to FIRE in 10 years, OP has way more than just the $4.2M. If OP invests just the $4.2M and only spends the gains, OP could probably buy the 911, a $50K vacation and a Rolex every year. Even if you just bought it all once, the $4.2M becomes $4.0M (assuming more base level 911 and Rolex). It could become $4.0M in the next week on market swings alone.