r/SwissFIRE • u/EconomiadeVerdad • 12d ago

ChubbyFIRE wealth level depending on residence canton

Hi there, I'm a 28M Spanish guy, and my wife and I recently decided to move within ~2 years to Switzerland for good (already started learning German and so on).

I know that there's no such a thing as a magic undisputed wealth number to be considered as ChubbyFIRE, but I'm curious how this approximate level can vary from canton to canton because of taxes, cost of living, home prices... Has someone any data about it?

Danke und LG.

3 Upvotes

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17

u/lacrima_79 12d ago

Well at least you are looking at 6-8 Mil. CHF to be chubby in Switzerland.

2

u/EconomiadeVerdad 12d ago

You mean lower end for cheap cantons and upper end for expensive ones?

8

u/rodrigo-benenson 12d ago

I think he/she meant more "depending on your lifestyle".

4

u/suddenly_kitties 12d ago

Your "chubby" might be somebody else's "lean" - also a seemingly simple, non-luxurious lifestyle can be expensive in Switzerland, having kids for example. Most people would probably consider 200-300k CHF pA withdrawal rate to be the start of "chubby" for a single, 3-500k CHF for a couple with perhaps one kid.

1

u/Still-Hand2478 12d ago

3-500k for a couple with 1 kid is a little absurd…what would they spend that money on…?

10

u/suddenly_kitties 12d ago

"chubby" things, like 2 new cars, a nice 3 BR place in the city, quality childcare, perhaps even going to a Swiss dentist.

2

u/Final_Surround3738 8d ago

500k and you're talking about swiss dentists? wtf.

1

u/suddenly_kitties 7d ago

Yep, I know, the price/value ratio is so bad I would need to take home well into the 7 figures before I would stop crossing the border for this

-2

u/Still-Hand2478 12d ago

Ok…a 3BR in the city is 7k-ish p.m. = 84k p.a.

Nice car is 1k p.m = 24k p.a. for 2

Childcare when you’re RE is a little silly, no?

What is the 400k being spent on? Dentist 6k maybe..healthcare 18k… travel 50k…still doesn’t really add up to 500k..

5

u/suddenly_kitties 12d ago

You seem to apply your own definition of "chubby" here. I'll give you some examples - a cleaning lady, regularly eating out in Zürich (despite the awful price/quality ratio), a holiday home in southern Europe or a boat, pricier hobbies like scuba diving, an oldtimer car, sailing, perhaps a PPL and fractional ownership of a small sports plane, private health insurance/physiotherapy/whatever specialist needs might arise, not having to worry about paying for aging parent's care, etc.

-1

u/Still-Hand2478 12d ago

That sounds like fat to me, not chubby…

3

u/suddenly_kitties 12d ago

You are also forgetting about taxes, mandatory AHV contributions, fees for portfolio manager/tax advisor, groceries, occasional shopping, are not accounting for more-than-basic cars, etc. As member of a DINK household with ~500k CHF HHI I certainly feel very middle class here.

3

u/Still-Hand2478 12d ago

If you feel middle class at 500k DINK HHI I feel truly sorry for you. Greetings from someone with 3 kids, 20mins from a major CH city, living in a EFH and spending 180k p.a., feeling pretty chubby

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u/ReplacementSlow6098 8d ago

you wouldnt need 500k

1

u/NGC2936 11d ago

25k per month?
You mean 15k per month (with no savings, everything is spent) isn't chubby?