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Goodbye work, hello new life.
Old 11-20-2015, 04:29 PM   #1
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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 - 2nd check with the fine folks here. 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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Old 11-20-2015, 04:35 PM   #2
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Wow, you did it! Enjoy your new freedom.
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Old 11-20-2015, 05:00 PM   #3
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Excellent! Enjoy and report back!
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Old 11-20-2015, 05:49 PM   #4
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Quote:
Originally Posted by robnplunder View Post
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.


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
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Old 11-20-2015, 06:16 PM   #5
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Congratulations, enjoy the journey!
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Old 11-21-2015, 08:49 AM   #6
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Congratulations. It is wonderful when the plan comes together! Enjoy!
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Old 11-21-2015, 09:47 AM   #7
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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!!!
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Old 11-21-2015, 09:48 AM   #8
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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


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Old 11-21-2015, 09:53 AM   #9
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Couldn't say it any better than Hannibal....

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Old 11-21-2015, 09:54 AM   #10
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Congratulations on avoiding OMY this year! Enjoy the countdown!
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Old 11-21-2015, 09:57 AM   #11
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Quote:
Originally Posted by robnplunder View Post
In the last 12 months, I posted the below thread and a similar one to solicit input - 2nd check with the fine folks here. 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.
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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Old 11-21-2015, 10:13 AM   #12
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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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Old 11-21-2015, 12:05 PM   #13
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Hey congrats Robnplunder! Now on to the good life!
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Old 11-21-2015, 12:22 PM   #14
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Congrats!
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Old 11-21-2015, 12:26 PM   #15
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Congratulations!
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Old 11-21-2015, 12:45 PM   #16
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That's great!!!!
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Old 11-21-2015, 12:49 PM   #17
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Congratulations!
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Old 11-21-2015, 12:56 PM   #18
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Originally Posted by W2R View Post
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.

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!


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Old 11-21-2015, 01:08 PM   #19
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...I woke up this morning refreshed and the bedroom tv was on all night and I didnt wake up...
Let me guess. Your hearing aids fell off?
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Old 11-21-2015, 01:16 PM   #20
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Let me guess. Your hearing aids fell off?

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.


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