Poverty Fire in 11 Years

I finally made it! After 11 years of full time work, I am one step closer to being able to retire early. Currently, I am at the level of being able to Poverty Fire.

Poverty Fire

The poverty level is defined as "the minimum level of income deemed adequate in a particular country". According to the Department of Health and Human Services, that number is $12,760 yearly for a single individual in 2020. 

The following chart shows the amount with different family sizes. 

2020 POVERTY GUIDELINES FOR THE 48 CONTIGUOUS STATES AND THE DISTRICT OF COLUMBIA
PERSONS IN FAMILY/HOUSEHOLD	POVERTY GUIDELINE
For families/households with more than 8 persons, add $4,480 for each additional person.
1	$12,760
2	$17,240
3	$21,720
4	$26,200
5	$30,680
6	$35,160
7	$39,640
8	$44,120

https://aspe.hhs.gov/poverty-guidelines

So essentially, if I am able to keep my spending below $12,760 and I can generate an income of more than $12,760 from my savings, I can retire. 

Savings

401K - $221,162

Roth IRA - $102,735

Rollover IRA - $34,808

Total = $358,705

Income

Utilizing a 4% withdrawal rate, my income from my retirement savings would generate a grand total of:

$14,348

So What's Next?

Honestly, I am not really sure.

First, I have to work on my expenses. They are still currently above my theoretical income. 

Second, I still like me job. There is no rush to quit my job at this moment. However, the plan is to work part-time within the next 5 years.