What if I told you there was a version of fire where you could stop saving for retirement in your 30s

and still retire comfortably at age 65? It sounds too good to be true, but it's called Coast Fire,

and it might be the most achievable path to financial independence that nobody's talking about.

Hello, hello, hello, and welcome to the Bigger Pockets Money podcast. My name is Mindy Jensen,

and with me as always is my not coastal co-hosts, Scott Trench. Thanks, Mindy, great to be here and great to discuss how we can help people peak their net worth. He's not the coast, it's the

mountain peak here on Bigger Pockets Money. I'm so excited to get into this topic today. No Coastify is not when you go and live by the beach.

It is when you have enough saved that traditional retirement is funded with a high probability

of certainty such that you can, at your discretion, optionally, spend everything you earn or earn less to just cover your

living expenses today. It's a very freeing milestone mentally and psychologically.

Okay, Scott, let's get into that a little bit more. What happens in your finances that allows

you to coast? What does coast fine really, really mean?

I think it's this concept of if you have $300,000 saved in your 30s and your goal is a $100,000

a year annual expense profile, then you're almost certainly at a 7% long-term annual return rate

going to have that $2.5 million, and many people use

7% return rates to include assumptions around inflation, for example, you're almost certainly

going to have that $2.5 million inflation-adjusted net worth by the time traditional retirement hits,

if we perform anything like what we've seen performance-wise in the overall financial markets

over the next 30, 40 years.

And so that's the idea here is if you are able to stockpile that wealth, especially early in life,

and just leave it untouched in your retirement accounts until that point, you should be set

for your traditional retirement, again, assuming long-term average trends.

And that can be a very freeing milestone to break.

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