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Old 09-09-2008, 10:10 PM   #21
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Thanks!

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Old 12-22-2009, 11:00 PM   #22
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Odometer number today in actual net worth.

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Old 01-03-2010, 10:18 PM   #23
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Withdrawal rate less than 100%. I know in post #9 above I wrote about being below 20%; I have changed my spreadsheet around several times since then so not really an apples-to-apples comparison.

Nominal FI is under age 45 also (44.94 at the moment).

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Old 01-04-2010, 01:37 AM   #24
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OK, now I am thoroughly confused. From the last post I figured you had a really old car -- the more ancient the better. Now your withdrawal/expenses must be through the roof??
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Old 01-04-2010, 09:14 AM   #25
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"Odometer number" is what I call it when the net worth number rolls past $X00,000.00.

If I retired today, my withdrawal rate would be 99.89%. I'm waiting for it to drop to less than 4% before declaring myself FI.

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Old 01-04-2010, 10:32 AM   #26
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Old 01-04-2010, 03:46 PM   #27
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Congratulations SecondCor! This is quite a milestone. Hopefully, it will be like a snowball rolling downhill from here on.
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Old 03-11-2010, 09:51 PM   #28
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My withdrawal rate today would be 57.91%.

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Old 05-22-2010, 01:13 PM   #29
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My withdrawal rate today would be 38.93%

I'm calling myself FI when it drops to 4%, which I'm SWAGging at about another 4 years.

Or 99,627,104,722,793 platelets.

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Old 05-22-2010, 01:47 PM   #30
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Old 05-22-2010, 02:21 PM   #31
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My withdrawal rate today would be 38.93%
I'm calling myself FI when it drops to 4%, which I'm SWAGging at about another 4 years.
I'm confused. Let's say you need $40K/yr to live on. That means you'd need $1M to have a 4%SWR and you plan to be at that in 4 years. If you're at 38.93% right now then that would mean you only have slightly over $100K right now. So you plan to save $900K in 4 years?

I guess what i'm asking is how does your % go down 35% in 4 years. My current % would be around 17% but it'll take me 15 years or more to get it down to 4%.
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Old 05-22-2010, 03:14 PM   #32
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I'm confused. Let's say you need $40K/yr to live on. That means you'd need $1M to have a 4%SWR and you plan to be at that in 4 years. If you're at 38.93% right now then that would mean you only have slightly over $100K right now. So you plan to save $900K in 4 years?

I guess what i'm asking is how does your % go down 35% in 4 years. My current % would be around 17% but it'll take me 15 years or more to get it down to 4%.
Well, the number isn't $40K in my case, but your question is still valid.

I calculate my FIRE net worth based on two things, really: The projected assets I will have less the projected liabilities I will have. Roughly speaking, I expect my liabilities to drop by about 1/3, and I expect my assets to roughly double. The combination of those two factors result in an approximately 11-fold increase in my FIRE net worth.

My liabilities are dropping, in turn, because every month I pay down my mortgage, my student loan, and reduce my number of remaining child support payments by one.

My assets are going up, in turn, because every month I contribute roughly 1/3 of my gross salary into savings, and my existing assets I have scheduled to grow based on historical rates.

Without getting into specific numbers, I don't really require very much to live on, and each month the vast majority (about 70% if I calculated that correctly) of my reasonably good income goes towards the above mentioned items.

HTH,

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Old 05-22-2010, 03:30 PM   #33
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I calculate my FIRE net worth based on two things, really: The projected assets I will have less the projected liabilities I will have. Roughly speaking, I expect my liabilities to drop by about 1/3, and I expect my assets to roughly double. The combination of those two factors result in an approximately 11-fold increase in my FIRE net worth.

My liabilities are dropping, in turn, because every month I pay down my mortgage, my student loan, and reduce my number of remaining child support payments by one.

My assets are going up, in turn, because every month I contribute roughly 1/3 of my gross salary into savings, and my existing assets I have scheduled to grow based on historical rates.

Without getting into specific numbers, I don't really require very much to live on, and each month the vast majority (about 70% if I calculated that correctly) of my reasonably good income goes towards the above mentioned items.

HTH,

2Cor521
Well, as long as you understand your system that's all that matters. Congrats on getting close to FI.
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Old 05-23-2010, 11:52 AM   #34
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Looks like you are on your way to Silver and then Gold. However, do you really want to base your forecast on minimum wage?
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Old 05-23-2010, 02:41 PM   #35
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If the withdrawal rate drops by almost 20% in two months, wouldn't it be <1 year to hit 4%?
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Old 05-24-2010, 01:23 PM   #36
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Looks like you are on your way to Silver and then Gold. However, do you really want to base your forecast on minimum wage?
I change my spreadsheet around regularly. The recent numbers I have included are to get to Gold FI.

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If the withdrawal rate drops by almost 20% in two months, wouldn't it be <1 year to hit 4%?
It's not linear.

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Old 05-24-2010, 01:35 PM   #37
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Attached is a screenshot of my projected progress towards 4%.

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File Type: bmp temp.bmp (1.17 MB, 17 views)
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