Working on a plan to start FIRE in 3-5 years in Japan, currently still in US, started learning Japanese though. Only thing missing in the equation right now is how much spendings.
- $1.8m USD in stock and cash, $900k in home equity, expect to have another $1.2m savings from income when starting FIRE (just lucky to be in one of the higher paying professions)
- Expect to find a job in Tokyo and work for couple years to get PR ( through HSP visa)
- Thinking of buying a house within 40mins to Shinjuku or Ginza, while working so I can get mortgage on it. Want to get 一户建 of 1800sqft+ but we don’t mind 10mins drive to train station (maybe Yokohama? Ideas welcome) I understand the mortgage may still become a big chunk of the spendings but don’t have a good idea yet.
- We plan to have two kids and have them go to international school.
- Considering hiring someone full time to do cooking, household duties, booking travels etc.
- expect annual traveling spend to be roughly 1 million a year.
Assuming minimum down pay on the house, not sure how much spending I should plan for so I can look at withdraw rates etc after
by smilenceyu