Andy Hill Urges $5 Million Thought Experiment Before Chasing $550,000 Coast FIRE
Updated
Updated · Business Insider · Jun 11
Andy Hill Urges $5 Million Thought Experiment Before Chasing $550,000 Coast FIRE
1 articles · Updated · Business Insider · Jun 11
Summary
$5 million is Andy Hill’s starting point for financial planning: he says people should first ask what they would stop doing immediately, then define an ideal week before building spreadsheets.
That exercise, Hill argues, exposes whether the real goal is quitting a disliked job, cutting hours or changing careers, giving financial-independence targets a clearer purpose than a raw net-worth number.
Coast FIRE became his preferred framework after burnout with traditional FIRE, which he said can take 15 to 25 years and may demand uncomfortable saving rates.
For his family, roughly $550,000 invested by age 40 could grow to about $2 million at a 6% annual return by retirement, allowing them to ease contributions and redirect cash to other priorities.
Hill said those projections still need regular check-ins and adjustments for inflation, fees and changing returns, including resuming IRA contributions if the plan slips off track.