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Goodbye work, hello new life.
11-20-2015, 04:29 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Bay Area
Posts: 2,745
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Goodbye work, hello new life.
In the last 12 months, I posted the below thread and a similar one to solicit input - http://www.early-retirement.org/foru...ere-77520.html. It helped me to do OMY to build up more asset, and cut my yearly ER budget down. It gave me confidence to retire at the end of this year. I've communicated my end date to my boss today. Idios, work. Hello, new retirement world.
Here are my final numbers that pushed me over to ER.
- $1.9 in investible asset - mutual funds, 401ks, Company deferred pay account.
- $600k in house equity. Can downsize and move to another part of CA or Nevada.
- $85k in yearly ER budget. Can drop to $75k if needed.
Lastly, thank you for all of you who helped me get to this point.
Life is good.
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11-20-2015, 04:35 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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Wow, you did it! Enjoy your new freedom.
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
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11-20-2015, 05:00 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Location: Nashville
Posts: 2,506
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Excellent! Enjoy and report back!
__________________
OMY * 3 2ish Done 7.28.17
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11-20-2015, 05:49 PM
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#4
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Full time employment: Posting here.
Join Date: Feb 2008
Posts: 748
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Quote:
Originally Posted by robnplunder
Here are my final numbers that pushed me over to ER.
- $1.9 in investible asset - mutual funds, 401ks, Company deferred pay account.
- $600k in house equity. Can downsize and move to another part of CA or Nevada.
- $85k in yearly ER budget. Can drop to $75k if needed.
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Those pretty much mirror our final numbers. Now we just have to get there...
Still working on paying down the mortgage and accumulation of the $1.9
Congrats on hitting your goals
__________________
I don't want to spend my entire life at work. I deserve more. - Want2retire aka W2R
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11-20-2015, 06:16 PM
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#5
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Recycles dryer sheets
Join Date: Nov 2015
Posts: 206
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Congratulations, enjoy the journey!
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11-21-2015, 08:49 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Posts: 3,532
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Congratulations. It is wonderful when the plan comes together! Enjoy!
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11-21-2015, 09:47 AM
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#7
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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Congratulations, Robnplunder!!! I'll admit - I had you pegged for a few more OMYs. It's good that I was wrong.
Woo Hoo!!!
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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11-21-2015, 09:48 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Oct 2009
Posts: 2,115
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Way to go. How did your conversation with boss go? Were you very nervous or just relieved?
Welcome to a new phase of life. Hope to join you very soon assuming I have the guts to pull the trigger like you just did.
Muir
Sent from my iPhone using Early Retirement Forum
__________________
“Of all the paths you take in life, make sure a few of them are dirt.” John Muir
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11-21-2015, 09:53 AM
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#9
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Full time employment: Posting here.
Join Date: Apr 2014
Location: Houston
Posts: 958
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Couldn't say it any better than Hannibal....
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11-21-2015, 09:54 AM
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#10
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Moderator
Join Date: Jul 2010
Posts: 7,941
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Congratulations on avoiding OMY this year! Enjoy the countdown!
__________________
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather
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ER'd Oct. 2010 at 53. Life is good.
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11-21-2015, 09:57 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by robnplunder
In the last 12 months, I posted the below thread and a similar one to solicit input - http://www.early-retirement.org/foru...ere-77520.html. It helped me to do OMY to build up more asset, and cut my yearly ER budget down. It gave me confidence to retire at the end of this year. I've communicated my end date to my boss today. Idios, work. Hello, new retirement world.
Here are my final numbers that pushed me over to ER.
- $1.9 in investible asset - mutual funds, 401ks, Company deferred pay account.
- $600k in house equity. Can downsize and move to another part of CA or Nevada.
- $85k in yearly ER budget. Can drop to $75k if needed.
Lastly, thank you for all of you who helped me get to this point.
Life is good.
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Congratulations! BTW, my own experience has been that retirement gets better and better the longer I am retired.
So, whatcha gonna do in retirement? When I retired, I had no idea and I still don't but I'm having a ball finding out as I enjoy each day thoroughly. Finally I feel like all that work and delayed gratification during the accumulation years has paid off.
A superficial/rough look at your finances gives me the idea that you will be fine in that respect, and if FIRECalc agrees then it looks to me like you're set.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-21-2015, 10:13 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Ventura County
Posts: 1,433
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I'll add my voice to the congrats. Since I'm in a similar situation financially the OP's decision helps quell those "WTF am I doing?" thoughts that still seem to creep up in my last month of work.
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11-21-2015, 12:05 PM
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#13
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Full time employment: Posting here.
Join Date: Oct 2014
Posts: 568
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Hey congrats Robnplunder! Now on to the good life!
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11-21-2015, 12:22 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Congrats!
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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11-21-2015, 12:26 PM
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#15
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,340
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Congratulations!
__________________
When I was a kid I wanted to be older. This is not what I expected.
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11-21-2015, 12:45 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2014
Posts: 7,050
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That's great!!!!
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11-21-2015, 12:49 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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Congratulations!
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11-21-2015, 12:56 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2009
Posts: 9,343
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Quote:
Originally Posted by W2R
Congratulations! BTW, my own experience has been that retirement gets better and better the longer I am retired.
So, whatcha gonna do in retirement? When I retired, I had no idea and I still don't but I'm having a ball finding out as I enjoy each day thoroughly. Finally I feel like all that work and delayed gratification during the accumulation years has paid off.
A superficial/rough look at your finances gives me the idea that you will be fine in that respect, and if FIRECalc agrees then it looks to me like you're set.
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Retirement is learning to appreciate the simple enjoyable things in life...Like me this morning...I woke up this morning refreshed and the bedroom tv was on all night and I didnt wake up or even have to get up once to use the restroom. My day was already a great one before it even started!
Sent from my iPad using Tapatalk
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11-21-2015, 01:08 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
Originally Posted by Mulligan
...I woke up this morning refreshed and the bedroom tv was on all night and I didnt wake up...
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Let me guess. Your hearing aids fell off?
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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11-21-2015, 01:16 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2009
Posts: 9,343
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I sure hope not. Im only 51. But my neighbor who is 86 has them. They give him fits. I don't want any part of them. If I cant see anything its my problem, but if I cant hear anything its your problem.
Sent from my iPad using Tapatalk
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