|
|
03-10-2013, 06:12 PM
|
#1
|
Recycles dryer sheets
Join Date: Sep 2012
Posts: 459
|
Class of 2020
I've set a date to be April 1, 2020. I'll be 55 then and DW will be 50. I hope to graduate on time or before this date! It looks on track so far. My next milestone is 2.5M(currently have 2.3M in taxable/retirement accounts).
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
03-10-2013, 07:43 PM
|
#2
|
Confused about dryer sheets
Join Date: Jan 2013
Location: Boston
Posts: 1
|
We are looking at retiring around that time too. I'll be 56 and DW will be 58. Our only child will be in college by then. We have about 4.5M in retirement savings ~ equally split between taxable and pretax. We are pretty comfortable will our plans at this point as we are debt-free and have saved about 2/3 of what we need for our child's college. My only concern (for both myself and DW) is getting to retirement before completely burning out.
|
|
|
06-28-2013, 08:02 AM
|
#3
|
Thinks s/he gets paid by the post
Join Date: Dec 2012
Location: Georgia
Posts: 2,240
|
My spouse will retire in 2020, assuming that gainful employment remains available through that year. We're unfortunately about half as financially secure as the OP, so I hope I don't have to work too many more years after 2020 to keep our plans viable.
|
|
|
06-30-2013, 02:04 PM
|
#4
|
Confused about dryer sheets
Join Date: Aug 2010
Posts: 6
|
4.5 million in retirement savings ? If I had that much I would retire tomorrow! As it is, I plan to retire in May 2020.
|
|
|
09-12-2013, 07:48 AM
|
#5
|
Recycles dryer sheets
Join Date: Sep 2012
Posts: 459
|
Major milestone - 2.5M
I just reached a major milestone of 2.5M as of yesterday's close towards my journey to FI. My goal is to reach 3.5M before I consider myself FI and will then hopefully graduate ontime/before 2020. I'll update my progress here every 100K increment(yes increment only... ). At this point, if I just stay employed and not contribute towards my asset, I'll still be fine for 2020. This is how journey has been so far...
9/11/2013 2500K
March 2013 2391K
12/31/2012 2206K
<How do I insert table above? I created table in word but when I copy here it's spread all over>
|
|
|
09-12-2013, 10:31 AM
|
#6
|
Full time employment: Posting here.
Join Date: Apr 2006
Posts: 944
|
You have some major clams saved up....your expenses must be quite high!
I am glad that my thoughts about, and decision to retire happened quickly (a few months) after knowing I could. The thought of being 5+ years from being able to be free seems like it would be torture! Unless you enjoyed your career. Mine was starting to kill me RM in megapharma.
Anyway, congrats on the impressive savings and lofty goal of 3.5M !
__________________
Freed at 49. You only live once - live it
|
|
|
09-12-2013, 11:32 AM
|
#7
|
Thinks s/he gets paid by the post
Join Date: Jun 2013
Location: Bonita (San Diego)
Posts: 1,795
|
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!
|
|
|
09-12-2013, 01:49 PM
|
#8
|
Recycles dryer sheets
Join Date: Sep 2012
Posts: 459
|
Quote:
Originally Posted by Donzo
You have some major clams saved up.... your expenses must be quite high!
I am glad that my thoughts about, and decision to retire happened quickly (a few months) after knowing I could. The thought of being 5+ years from being able to be free seems like it would be torture! Unless you enjoyed your career. Mine was starting to kill me RM in megapharma.
Anyway, congrats on the impressive savings and lofty goal of 3.5M !
|
I'm planning to secure 120K/Yr withdrawal and that's the reason why I'm shooting for 3.5M. 80K will cover all my expenses and 40K for travel and other stuff. Also, I want to have enough in Kids' 529 plan(150K/kid..already have 91K/Kid now) before I RE.
I'm glad that you're already enjoying your freedom...It's day dreaming for me now..
Nash...All the best to you! Are you on track so far? Please share your details and progress if you like to.
|
|
|
10-22-2013, 02:23 PM
|
#9
|
Recycles dryer sheets
Join Date: Sep 2012
Posts: 459
|
Quote:
Originally Posted by retire2020
I just reached a major milestone of 2.5M as of yesterday's close towards my journey to FI. My goal is to reach 3.5M before I consider myself FI and will then hopefully graduate ontime/before 2020. I'll update my progress here every 100K increment(yes increment only...). At this point, if I just stay employed and not contribute towards my asset, I'll still be fine for 2020. This is how journey has been so far...
9/11/2013 2500K
March 2013 2391K
12/31/2012 2206K
|
Just 1.5 month later...Another update and a milestone today - 2.6M. Nine more updates to go. This is a dream run and hope it continues for a while and repeat the market of 1995.
10/22/2013 2600K
9/11/2013 2500K
March 2013 2391K
12/31/2012 2206K
|
|
|
03-08-2014, 05:01 AM
|
#10
|
Recycles dryer sheets
Join Date: Sep 2012
Posts: 459
|
Another Milestone - 2.7M
This time it took about five months to jump 100K. What a dream run this has been! I'm very excited and a little scared also when I think about 2000/2008 crash. All the best to remaining class of 2020.
Here is my report card
03/06/2014 2711K
10/22/2013 2600K
9/11/2013 2500K
March 2013 2391K
12/31/2012 2206K
|
|
|
Reached 2.8M as of yesterday's close - 700K to go
06-20-2014, 06:07 AM
|
#11
|
Recycles dryer sheets
Join Date: Sep 2012
Posts: 459
|
Reached 2.8M as of yesterday's close - 700K to go
Here is my report card
06/19/2014 2804K
03/06/2014 2711K
10/22/2013 2600K
9/11/2013 2500K
March 2013 2391K
12/31/2012 2206K
__________________
Retired at age 52 on 12/1/2016
|
|
|
06-20-2014, 06:26 AM
|
#12
|
Recycles dryer sheets
Join Date: May 2014
Posts: 485
|
I would like to know what your investments are in. They are growing great!
|
|
|
06-20-2014, 06:29 AM
|
#13
|
Thinks s/he gets paid by the post
Join Date: Aug 2005
Location: Crownsville
Posts: 3,695
|
Oh, cool, I'm glad to see there IS a class of 2020 thread! I tried searching for it a few times, but nothing came up in the past. I've set 2020 as my "no later than" date, and preferably April 2, which is my 50th birthday. I'll go out sooner if possible, but figure 2020 is probably a more realistic goal.
One way that helps to make it easier thinking about it, is that instead of "almost six years", I'm looking at it as "less than 70 months".
|
|
|
06-20-2014, 06:32 AM
|
#14
|
Recycles dryer sheets
Join Date: Sep 2012
Posts: 459
|
Quote:
Originally Posted by Floridatennisplayer
I would like to know what your investments are in. They are growing great!
|
65/35 EQ/FI - Almost all DFA funds. What you see is not all in returns. I put about 60K in 401k/RothIRA/saving etc per year in my existing portfolio.
__________________
Retired at age 52 on 12/1/2016
|
|
|
06-20-2014, 07:51 AM
|
#15
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,701
|
Doing great! You may have to join me in the Class of 2018 thread (that's pretty quiet.)
I'm shooting for 2018, partly because I'll be 55 and that will give me a lot of flexibility with my 401k. However, Megacorp could offer a buyout sometime soon which may adjust my plans. I think I can deal with it, but it would just mean less flexibility.
Is 55 something special for you, or just an age? I.e., do you have considerations like a 401k plan that allows withdrawals if employed in the year of age 55?
|
|
|
06-20-2014, 08:04 AM
|
#16
|
Recycles dryer sheets
Join Date: Sep 2012
Posts: 459
|
Quote:
Originally Posted by JoeWras
Doing great! You may have to join me in the Class of 2018 thread (that's pretty quiet.)
I'm shooting for 2018, partly because I'll be 55 and that will give me a lot of flexibility with my 401k. However, Megacorp could offer a buyout sometime soon which may adjust my plans. I think I can deal with it, but it would just mean less flexibility.
Is 55 something special for you, or just an age? I.e., do you have considerations like a 401k plan that allows withdrawals if employed in the year of age 55?
|
Nothing special about age 55 regarding any financial matters just a personal thing. My father had a massive heart attack and he died on his way home half hour after his work in textile mill(hard work). He was only 55.
I'll sure retire earlier than 2020 if numbers work out.
__________________
Retired at age 52 on 12/1/2016
|
|
|
06-20-2014, 09:03 AM
|
#17
|
gone traveling
Join Date: Sep 2013
Posts: 1,248
|
That is my Estimated Time of Arrival at age 55
|
|
|
03-14-2015, 04:20 PM
|
#18
|
Confused about dryer sheets
Join Date: Mar 2015
Posts: 8
|
Goal is to retire in the Summer of 2020 when I will be 41. in 2010 I set a 10 year target to save as much money in order to be FIRE by 2020 and so far so good.
Current net worth is 816K.
|
|
|
10-17-2015, 02:34 PM
|
#19
|
Recycles dryer sheets
Join Date: Jul 2014
Posts: 92
|
My plan is to be out on Jan. 6, 2020.
Would love to have more in savings, but our expenses are increasing faster than our savings.
LCOL in a warmer climate is where we hope to land!
__________________
I find this early retirement topic sooo very overwhelming.
|
|
|
02-15-2016, 08:29 PM
|
#20
|
Recycles dryer sheets
Join Date: Aug 2013
Location: Norcal, Silly-Con Valley
Posts: 248
|
Decided 2020 would be a good target. Seems like I could retire today (2.4M saved and house paid-off, no kids, 60k/yr expenses), but I just like the idea of retiring after 20 years in the industry. 4 years left then.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|