The New York Times outlines the impact of the COVID-19 market crash on FIRE plans. Most FIRE plans made assumptions about strong, consistent market returns each & every year. Nearly none of the FIRE strategies model scenarios where the market falls 30% and does not recover for a significant period of time. Due to this many FIRE "retirements" are now in the flusher as well as suffering from travel restrictions to low cost areas to live (“geographic arbitrage).
As stated earlier - "The primary failure of FIRE is that it does not plan for low, medium,
and high scenarios in regards to market returns and inflation."
NYT - They All Retired Before They Hit 40. Then This Happened
https://www.nytimes.com/2020/04/02/style/fire-movement-stock-market-coronavirus.html
