Hustle.

CoastFI, as described by The Fioneers, is the point at which you can leave your investment accounts on autopilot and allow them to grow until “traditional” retirement age. Our goal is to contribute enough to stop thinking about retirement, at which point we will only need to support our already frugal lifestyle on an annual basis through non-traditional employment (more on this to come). We also plan to pay off our mortgage entirely prior to our CoastFI phase.

We would really like to have access to at least $40,000 when we no longer want to cover our living expenses. Using the 4% rule, this annual withdrawal would require at least $1,000,000 when we hit this point.

As of October 17, 2020, we have $213,953.06 in a variety of investment accounts (mostly Fidelity) and our mortgage balance is $70,154.71. The goal is to contribute $215,000 more to our retirement accounts, fully fund our emergency fund, and pay off our mortgage completely. Based on our calculations, we’ll be able to do so by September 30, 2026, at which point we will stop hustling and each “work” enough to contribute $15,000 each on an annual basis, plus any additional extravagant purchases we want to save up for.

Welcome to Hustle & Coast.