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08-10-2018, 09:50 AM
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#21
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Posts: 1,639
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At 30, I figured I'd have to work until death. We were $30K in debt from credit cards, using cash advances from one card to pay the minimum on others. But, I'd always been interested in finance (I'm a CPA), so I knew what "needed" to be done, we just needed a plan. I retired at 50 from my megacorp job and DW continues to work part time. We were lucky in that we had decent jobs and never got laid off. I don't know how kids coming out of college with $100K+ in student debt are going to do what we did.
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08-10-2018, 09:56 AM
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#22
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,071
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At 30, I told everyone I would retire at 40 knowing it was unrealistic and just joking around. In my early 40's I set 50 as a goal and I did hit the number I felt was needed. But worked another 2 1/2 years for a cushion.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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08-10-2018, 10:16 AM
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#23
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,350
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At age 30 I was thinking no later than 55 to FIRE. Now at age 39 and after 3 hip surgeries including a total hip replacement I will never be able to work overtime in my manual labor job so my income won't exceed around $45K/yr so i'm thinking between 55-59 if I am very frugal and my health allows me to work that long.
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08-10-2018, 10:20 AM
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#24
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,882
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I turned 30 in 1999. At that time I know I already had a spreadsheet projecting my FIRE date, and it was about that time that I noticed that regardless of what the market did, my projected retirement date was never much past 47 or 48.
In 2000, I distinctly recall that the projected date had moved noticeably earlier than that...maybe to around 42 or 43. I liked seeing that projection but in my gut knew it wouldn't be realistic.
Hit FI in around 2014 and FIREd in 2016 at age 46.
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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08-10-2018, 10:25 AM
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#25
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,433
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At age 32 I started tracking my Net Worth annually and have done this ever since. Tracking my NW made me want to see it grow year-over-year, so I actively started saving and investing as much as possible. LBYM was my mantra.
As I didn't know anyone who had retired early, I really wasn't sure it was even possible for me. My dad worked until he was 70. My then-employer did not offer any early retirement plans. I just kept plugging away, saving and investing....and tracking my ever-growing NW.
Fast forward to when I got my first computer. One of the first searches I did was "early retirement"...and up popped John Greany's (aka intrcst) work. I was then hooked. I figured I should be able to retire at 58. So that became my goal.
When I was 56 and working at MegaMotors, they offered a severance package to most everyone in Product Development. I grabbed it and never looked back. Everyone at work was shocked as I only had 16.5 years of service. (People there usually didn't ''early retire" unless they had 30 years of service). What they didn't realize was that I'd been planning to retire early for a loooong time.
In the 11 years that I've been retired, my old bosses have called me twice to invite me to come back. I just laughed and said I was having too much fun being retired.
omni
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08-10-2018, 10:28 AM
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#26
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Full time employment: Posting here.
Join Date: Feb 2017
Location: SF Bay Area
Posts: 594
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Target was 54, same as dad; actual was 50. No plan to get there other than save, save, save.
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08-10-2018, 10:31 AM
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#27
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Thinks s/he gets paid by the post
Join Date: Mar 2014
Location: Dallas
Posts: 1,155
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At 30, my plan was to FIRE at 40 by using "leverage" i.e. moving to a low cost developing country. I changed this plan at 35 due to special need kid. DS will have a much better life here at home. So now the plan is to FIRE at 50.
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08-10-2018, 10:32 AM
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#28
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,298
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I didn’t have an age goal. My goal at 30 was to save and invest as much as possible, to reach FI as soon as possible even though I didn’t actually know the term. The concept of YMOYL had an impact on me, even though I never owned any bonds (or funds) until about 10 years ago. I assumed I’d have a pension and retire at 65, neither came true in the end. I realized at about age 50 that we were FI and that we could retire early and that made me save even more.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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08-10-2018, 10:42 AM
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#29
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Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
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Quote:
When 30, What Age Did You Plan For Retirement?
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Retirement?
With a wife and four kids, back in 1966, the only concern was survival!
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08-10-2018, 10:50 AM
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#30
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Thinks s/he gets paid by the post
Join Date: Nov 2016
Location: Washington State
Posts: 2,359
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Quote:
Originally Posted by Spock
retirement + supporting aging parents.
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That was the surprise wrinkle in my plans. Two years ago I wouldn't have dreamed that I would need to support my mom in addition to my own retirement needs. Plans change.
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08-10-2018, 11:06 AM
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#31
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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I didn't seriously think about retirement until I was 50. And then I targeted 59.5
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08-10-2018, 11:17 AM
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#32
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Recycles dryer sheets
Join Date: Apr 2013
Location: The sticks
Posts: 314
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At 30 I had just been hired at the company from which I would eventually retire. Was too relieved to be done with the "getting dirty for a living" phase to be very concerned with retirement. Only started thinking about RE when I was in my 40's. Made it out at 55.
__________________
I’m not much on seizing the day. I just kind of poke it with a stick.
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08-10-2018, 11:19 AM
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#33
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Recycles dryer sheets
Join Date: Aug 2013
Location: Norcal, Silly-Con Valley
Posts: 249
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I had no retirement 'plans' at age 30, although I did have a 401k that I automatically invested in via my paychecks. But ... after seeing so many layoffs during and after the dot-com bubble popped, and after noticing that the "older" software engineers were not able to find new tech jobs as easily, I came to the conclusion that I would probably get laid-off between age 40-50 and never work in high tech again. That anxiety in my 20's and 30's turned into a real plan by age 40. Thank goodness I had the foresight to max-out the 401k, so that I had something to work with when I was ready to make a plan.
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08-10-2018, 11:32 AM
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#34
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,695
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I can't say I had any serious retirement plans at age 30. I had just refinanced my mortgage and was saving $200 per month with the reduced payment. I had just gotten promoted to supervisor at work, and things were going well there. My company had expanded its minimum hours worked per week from 35 to 37.5 but had also boosted its 401k company match from 50% to 75%. I had some stock in my 401k but not in my taxable accounts yet.
It wasn't until I turned 35 that I put early retirement onto my radar. By then, I was thinking mid-50s but some good things happened from ages 35-45 which accelerated the process, enabling me to retire 10 years ago at age 45.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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08-10-2018, 11:45 AM
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#35
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Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,390
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When I was 30 I thought that age 52 would be the age I retired. I still actually thought that 6 months before pulling the trigger . Some things I began to realize that were a game changer for me in the final 6 months. I left my job at age 46 over two years ago. You just never know. I don't regret my decision .
__________________
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger
The first rule of compounding: Never interupt it unnecessarily. Charlie Munger
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08-10-2018, 12:08 PM
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#36
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Thinks s/he gets paid by the post
Join Date: Sep 2016
Location: Acworth
Posts: 1,214
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At 30, I figured 62 or older for retirement. By 35 I was convinced that I didn't want to work that long but hadn't started working on a plan to make that happen. By 40 I had my current fire age of hopefully 47 established.
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08-10-2018, 12:11 PM
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#37
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Full time employment: Posting here.
Join Date: May 2011
Posts: 873
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Never thought about retirement. Too busy raising kids and working. Just put $ into the 401K for 30 years and never touched it. Retired in 2015 at the age of 57. Life is good.
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08-10-2018, 12:12 PM
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#38
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2016
Posts: 9,514
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I really didn't have an age to retire but of course I knew at sometime I would retire. I actually thought at times I would work and never really retire. LOL
I just wanted to accumulate as much as I could because that just was my instinct to do.
Then one day I sat own and really took a look at my portfolio and there really was no need to continue so I just retired. I was brought up you worked till you dropped and keep on saving and being frugal.
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08-10-2018, 12:25 PM
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#39
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,409
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When I was 25 I thought I'd retire at 32.
Only slightly unrealistic but then at 26 my job got really, really interesting, fun, and....it took another 25 years.
Otherwise, I'd probably have hung it up around 35.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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His last words were "Bugger all"
08-10-2018, 12:47 PM
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#40
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Thinks s/he gets paid by the post
Join Date: Oct 2016
Location: The Shire
Posts: 1,504
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His last words were "Bugger all"
I started my career at 21. Since 58 was the eligibility age for a Megacorp pension, I figured I would retire at 58.
By the time I turned 30 I was sure I'd never live long enough to retire. If it ultimately does end up that way, my final thought will be "I feel so cheated!"
__________________
Paying it forward is the best investment.
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