Some Kind of Life Plan

Welp, here it is…

I think this is fairly conservative plan if I’m going to leave work in August and then seek to pick up a small amount of freelance work in January either building to a full time freelance business or going back to work full time when I start IVF to make sure I have good health insurance when having a baby (probably that.)

This model assumes my investments grow at 3% annually, that the only net new contributions are expected RSU/ESPP vesting and retirement maxing for both myself and my husband, and our monthly expense are $13k plus amount to max retirement.

Who knows what the stock market will do or my stocks that need to be better diversified will do but this seems like a somewhat realistic plan from now until Jan 2024 without work. I can certainly focus on cutting expenses but even of the $100k “lost” during this time in the model below, that’s all going to retirement savings so it’s not really lost at all.

This model seems realistic, right? As long as I can make it until July. Maybe I stay until September and do an extended vacation in August… I get some more stock and such in September so could be worth it. Depends what type of projects I’m working on. It’s generally best to leave in July I think. So that’s what I might do. Scared but excited!

Month NW RETIRE STOCK 529 H.E. AGE INCOME (HIM) INCOME (HER) TOTAL INCOME AFT TAX AFT EXPENSE
Oct 2021 $2,334 $752 $986 $284 $312 $8,333 $12,376 $20,709 $12,426 -$7,574
Nov 2021 $2,379 $754 $988 $285 $315 38 $8,333 $12,376 $20,709 $12,426 -$7,574
Dec 2021 $2,369 $775 $991 $285 $317 $8,333 $141,256 $149,589 $89,754 $69,754
Jan 2022 $2,376 $777 $993 $286 $320 $8,333 $54,136 $62,469 $37,482 $17,482
Feb 2022 $2,384 $779 $996 $287 $322 $8,333 $16,376 $24,709 $14,826 -$5,174
Mar 2022 $2,445 $800 $1,033 $288 $325 $8,333 $45,876 $54,209 $32,526 $12,526
Apr 2022 $2,453 $802 $1,036 $288 $327 $8,333 $12,376 $20,709 $12,426 -$7,574
May 2022 $2,461 $804 $1,038 $289 $330 $8,333 $12,376 $20,709 $12,426 -$7,574
Jun 2022 $2,473 $810 $1,041 $290 $332 $8,333 $31,876 $40,209 $24,126 $4,126
Jul 2022 $2,481 $812 $1,044 $290 $335 $8,333 $12,376 $20,709 $12,426 -$7,574
Aug 2022 $2,489 $814 $1,046 $291 $337 $8,333 $0 $8,333 $5,000 -$15,000
Sep 2022 $2,497 $817 $1,049 $292 $340 $8,333 $0 $8,333 $5,000 -$15,000
Oct 2022 $2,505 $819 $1,052 $293 $342 $8,333 $0 $8,333 $5,000 -$15,000
Nov 2022 $2,552 $821 $1,054 $293 $345 39 $8,333 $0 $8,333 $5,000 -$15,000
Dec 2022 $2,521 $823 $1,057 $294 $347 $8,333 $0 $8,333 $5,000 -$15,000
Jan 2023 $2,478 $825 $1,009 $295 $350 $8,333 $1,000 $9,333 $5,600 -$7,400
Feb 2023 $2,486 $827 $1,012 $296 $352 $8,333 $1,000 $9,333 $5,600 -$7,400
Mar 2023 $2,494 $829 $1,014 $296 $355 $8,333 $1,000 $9,333 $5,600 -$7,400
Apr 2023 $2,502 $831 $1,017 $297 $357 $8,333 $1,000 $9,333 $5,600 -$7,400
May 2023 $2,510 $833 $1,020 $298 $360 $8,333 $1,000 $9,333 $5,600 -$7,400
Jun 2023 $2,518 $835 $1,022 $299 $362 $8,333 $1,000 $9,333 $5,600 -$7,400
Jul 2023 $2,526 $837 $1,025 $299 $365 $8,333 $1,000 $9,333 $5,600 -$7,400
Aug 2023 $2,534 $839 $1,027 $300 $367 $8,333 $1,000 $9,333 $5,600 -$7,400
Sep 2023 $2,541 $841 $1,030 $301 $370 $8,333 $1,000 $9,333 $5,600 -$7,400
Oct 2023 $2,549 $843 $1,032 $302 $372 $8,333 $1,000 $9,333 $5,600 -$7,400
Nov 2023 $2,597 $846 $1,035 $302 $375 40 $8,333 $1,000 $9,333 $5,600 -$7,400
Dec 2023 $2,567 $849 $1,038 $303 $377 $8,333 $1,000 $9,333 $5,600 -$7,400
Jan 2024 $2,575 $851 $1,040 $304 $380 $8,333 $1,000 $9,333 $5,600 -$7,400
-$110,360
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2 thoughts on “Some Kind of Life Plan”

  1. I am struggling to follow this spreadsheet. I don’t believe you are at a net loss on a monthly basis with your current combined salaries of you + hubby. You mention that you are maxing out retirement accounts. How are you able to contribute 7k per month to retirement accounts assuming 13k per month true expenses? Roth, 401k, HSA, what else? Also why would you continue to max those out in Aug 22 when you are no longer working?

    On a separate note, I definitely think you need some time off. Mostly for your mental health. If you can consistently bring in like 5-6k per month freelancing, then you may never have to work a regular job again. Just cover your expenses and CoastFIRE. The amount you already have saved will likely allow you to fully retire by 50 if you can just cover your expenses.

    1. It worked out that way when I was averaging things out over the months I plan to not work I think, but I need to check my math.

      I agree I need some time off. I’m very scared I won’t be able to find other work. Even work that pays 5-6k a month. Regular expenses are around 14k a month anyway and husband only makes $8.3k before taxes. So I need to earn more but I can afford a break I just worry I won’t be able to get a job after.

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