Class of 2020

[nash031]

Quote:

Originally Posted by retire2020 Nash...All the best to you! Are you on track so far? Please share your details and progress if you like to.

Ha! I just saw this like three years after it was posted.

In theory, I'm on track. Hitting my FI number by 2020 was based on a 6% nominal return contributing roughly 40% per year. We've raised our real contributions now with promotions and COL raises, and are probably pretty close to 50% gross income going to savings.

I believe we'll make FI as planned on the original set of circumstances, but those circumstance may soon change as they tend to do when you're in your mid- to late-30s. Whether or not I join the RE class of 2020 is very much up in the air!

[retire2020]

Still crossing my fingers for 2020. Last three years' pathetic performance of International Equities and this year's sell off has shed my portfolio by 300K. I'm currently at 2.625M and goal is 3.5M. Putting away about 50K/year in retirement accounts.

[retire2020]

This 100K took forever. I contributed about 50K so it went up only 50K in little more than two years. International Equities were the culprit!


07/12/2016 2905K
06/19/2014 2804K
03/06/2014 2711K
10/22/2013 2600K
9/11/2013 2500K
March 2013 2391K
12/31/2012 2206K

[ugeauxgirl]

I will be joining- thought I could retire in 2018 but looks like I will be better off with regards to healthcare if I go in 2020. Unless the law changes so that it will be more beneficial for me - as we are really FI now. Anybody else in this group?

[Blue Collar Guy]

Quote:

Originally Posted by retire2020 This 100K took forever. I contributed about 50K so it went up only 50K in little more than two years. International Equities were the culprit! 07/12/2016 2905K 06/19/2014 2804K 03/06/2014 2711K 10/22/2013 2600K 9/11/2013 2500K March 2013 2391K 12/31/2012 2206K

I love these updates. i wasn't around to see you start your journey, glad i could catch up . After this post election rally you might be knocking on the door to 3.5M.

[Out of Steam]

Even a couple of months ago, I thought I was in the class of 2020. Looking more and more like 2019, as I don't see staying in my current job any longer than necessary.

[bUU]

Dates are finally starting to firm up for us as well. 2020 for my spouse and increasingly it is looking as if it'll be 2022 or 2023 for me, though it'll be my employer who invites me to stop getting paid, not me.

[atmsmshr]

Sign me up for 2020!

I will turn 59 that March and pocket last bonuses that month.

DW and I expect both kids to be fully launched into the world by then.

Goal is $2M assets, part of which is cash pension with annuity option. Earned a medical pension last year which is a big help.

[DAYDREAMER]

My original plan was to ER in 2020 at age 55 due to pension availability. Megacorp opened the door with a Voluntary layoff last year that preserved the ER pension rights and retiree health care, so I leaped at the chance. DW is leaping at the VLO in 8 days! We have been blessed to have worked at an awesome company, had the discipline to LBYM, and avoided major life calamities. DW and my next life chapter starts in 8 days. Pride is gleaming from ear to ear!

[retire2020]

Quote:

Originally Posted by Blue Collar Guy I love these updates. i wasn't around to see you start your journey, glad i could catch up . After this post election rally you might be knocking on the door to 3.5M.

There was a re-org and pay cut for me last July so I decided to leave and retire. 12/1/2016 was my last day at work. I did not get to 3.5M but instead retired with 3.1M.

All the best to Class of 2020. Here is my final update on the NW.

12/01/2016 3100K........................RETIRED
09/06/2016 3000K
07/12/2016 2905K
06/19/2014 2804K
03/06/2014 2711K
10/22/2013 2600K
09/11/2013 2500K
03/01/2013 2391K
12/31/2012 2206K

[Blue Collar Guy]

Quote:

Originally Posted by retire2020 There was a re-org and pay cut for me last July so I decided to leave and retire. 12/1/2016 was my last day at work. I did not get to 3.5M but instead retired with 3.1M. All the best to Class of 2020. Here is my final update on the NW. 12/01/2016 3100K........................RETIRED 09/06/2016 3000K 07/12/2016 2905K 06/19/2014 2804K 03/06/2014 2711K 10/22/2013 2600K 09/11/2013 2500K 03/01/2013 2391K 12/31/2012 2206K

Awesome, you have arrived, congrats.

[phil70]

I'm officially throwing my hat in the ring. I turn 50 in May 2020. DW is older than me, and a gentleman doesn't tell his wife's age, but she will still be able to call herself "early-retired."

Should have a decent pension from DW's employer kicking in in 2024, hopefully $2.5+mm in liquid assets by that time and projected spending of around $100k, which will leave plenty of cushion for luxuries. Hope I'm not jinxing myself by making this official. EDIT: DS will still have 3 years of college to go by then, but should be manageable with our savings.

[ugeauxgirl]

I'm going at 48- mostly. Company will pay me to consult for 18 mo and I will get 4 years (reduced) pay but very little responsibility. The real reason I am staying is for access to co healthcare. We are at 2.1 mil now and spend 60-70 k per year. We also have 2 kids who will be near college age after I quit but we have plenty saved- not incl in net worth numbers. Husband says he will continue to work part time but I suspect he will slack off quite a bit.

[lampshade]

This will also be my year! Hopefully, it will be August 2020 if all goes well. At that time I will have been working 45 years. Enough.

[fired_up]

35 months and counting!

[gamboolman]

Not sure if I would be class of 2020 or 2019 ?

I think 2020? My last day of work for retirement benefit years of service will be 31-Dec-19.

First day of retired life will be 1-Jan-2020....

So I guess that makes me a member of the 2020 Class

[wmackey]

Was planning on this year (2017), but life happened and am now looking at mid - 2020 based on healthcare.

[SD_2019]

I’m looking at mid 2020 ER.

[CaliKid]

I am still planning on 2022 but I hope to at least work a lot less by 2020 and who knows maybe I'll pull the trigger early and join y'all.

[retire202052]

Quote:

Originally Posted by nash031 Aiming for January 2020 myself at age 42, DW would be 39. Hoping to hit FI in late 2019. Whether I fully retire or semi-retire depends on a lot of things - first, getting FI, then what DW and I do regarding a family. Either way, the goal stands: FI by January 2020. ER? A man can dream!

Haha....had to laugh when I read this. Wonder where this guy is now. Funny how kids, mortgage, college, etc. can change your plans