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Maximum $$$ Saved in any given year
Old 07-27-2006, 01:35 PM   #1
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Maximum $$$ Saved in any given year

Wondering for those who have FIREd....what is the maximum amount you've saved in any given year?
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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 01:47 PM   #2
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Re: Maximum $$$ Saved in any given year

I'm not sure I understand the question. What does "saved" mean when you have no earned income?
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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 01:57 PM   #3
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Re: Maximum $$$ Saved in any given year

I think she means BEFORE you ER'd

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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 02:14 PM   #4
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Re: Maximum $$$ Saved in any given year

Oh.*

I never saved much more than 15% of my income through tradtional means.* *I retired by tricking myself into saving more: business equity and home equity.

I really like those tricks.* *Imagine how much people would save if, for example, everytime you bought something, you had to pay both sales tax and a retirement principal payment "tax" that went into something with guaranteed inflation-protected appreciation.* *FIRE would be painless.
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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 02:23 PM   #5
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Re: Maximum $$$ Saved in any given year

Thanks to the unexpected surfacing of long underwater stock optons, the calendar year I ER'd I w*rked for 5 months and saved an amount equal to 90% of my annual gross salary.

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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 02:36 PM   #6
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Re: Maximum $$$ Saved in any given year

Quote:
Originally Posted by REWahoo!
unexpected surfacing of long underwater stock optons
Underwater stock options? Did it have anything to do with "Titanic"?*
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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 02:39 PM   #7
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Re: Maximum $$$ Saved in any given year

Quote:
Originally Posted by Scrooge
Underwater stock options? Did it have anything to do with "Titanic"?
Other than they both went down about the same time, no.

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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 04:00 PM   #8
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Re: Maximum $$$ Saved in any given year

My guess: $35,000
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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 04:45 PM   #9
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Re: Maximum $$$ Saved in any given year

32% of gross
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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 04:50 PM   #10
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Re: Maximum $$$ Saved in any given year

$55K, possibly as much as $60K, but I'd have to look up the numbers.
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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 04:57 PM   #11
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Re: Maximum $$$ Saved in any given year

Hmmm

Maybe 10k in 1992. Salary 1966 - 8k, 60k in 1992.

Amazing what time in the market and index funds(when they came availible) can do.

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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 08:18 PM   #12
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Re: Maximum $$$ Saved in any given year

1998 saved 259% of income.

That tech bubble was great.

Been tough going the last two years "in the market".

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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 08:26 PM   #13
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Re: Maximum $$$ Saved in any given year

Quote:
Originally Posted by IHateCNBC
1998 saved 259% of income.
Can you really save more than your income? Did you mean salary or are you including market gains in savings?

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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 08:34 PM   #14
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Re: Maximum $$$ Saved in any given year

After I retired from the gov't I collected my pension while also working as a part-time gov't contractor for two years. DW was also teaching half time then. The pension covered almost all regular expenses so we were able to add nearly $90k per year to our nestegg during each of those two years. Those were, by far, our peak saving years. Prior to that we regularly socked away about $35K to $40K per year.

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Re: Maximum $$$ Saved in any given year
Old 07-27-2006, 10:23 PM   #15
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Re: Maximum $$$ Saved in any given year

Only me personally on regular years:
From salary, save 30K
From rental, 12-18K depending on vacancies duration
From investment, interest, other benefits, forex gain 8-10K

So about nett 50-60, trying to make it to 70 but it's tough. Last year was good, saved net 72K but this year so far it will be good if I can reach 55.

Husband has better earning potential.

I don't even think any family members know this information. Aside from vacation 2-3x a year, brand items, we don't buy much new stuff and still rent in china. We really don't have much things to show off to people.
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Re: Maximum $$$ Saved in any given year
Old 07-28-2006, 07:39 AM   #16
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Re: Maximum $$$ Saved in any given year

Quote:
Originally Posted by REWahoo!
Can you really save more than your income?* Did you mean salary or are you including market gains in savings?

Good point. That was my increase in networth for the year.

Income $375K
Increase to networth $972K.

And I spent like a drunken sailor that year. Eating out 10-15xs per week and just throwing money away.

Oh, to do it over again.
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Re: Maximum $$$ Saved in any given year
Old 07-28-2006, 07:43 AM   #17
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Re: Maximum $$$ Saved in any given year

I saved about $35K last year. I have 15 years to go until FIRE, so I hope that number goes up as time goes on.
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Re: Maximum $$$ Saved in any given year
Old 07-28-2006, 08:58 AM   #18
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Re: Maximum $$$ Saved in any given year

2005 was exellent yr for me. Maybe saved 60k canadian then went on a four month holiday/ home build in Bali...
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Re: Maximum $$$ Saved in any given year
Old 07-28-2006, 10:06 AM   #19
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Re: Maximum $$$ Saved in any given year

$118K increase in net worth (not including home) was the best year I had, mostly from earned income.

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Re: Maximum $$$ Saved in any given year
Old 07-28-2006, 10:57 AM   #20
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Re: Maximum $$$ Saved in any given year

My best year for saving was 2004 = $64,000 - better than normal bonus year and a 2 week camping vacation instead of the usual.....
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