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Old 12-31-2013, 05:18 AM   #321
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All of my coworkers make fun of my frugal ways - but no worries - they will be shocked when I am able to walk away in a few years and they'll still be working to pay for all their "toys." I call the mortgage fund my "freedom fund" and just keep my eyes on the prize!
That is definitely one of those moments when "He / She who laughs last laughs best".
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Old 12-31-2013, 10:27 AM   #322
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I saw an article a few weeks ago discussing the present day value of SS. If you added that number to your retirement savings, many of us would be in much better shape on our NW.

I am curious, how would you compute the present day value of your non-cola pensions, and SS? Any one want to take a shot at it?
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Old 12-31-2013, 10:43 AM   #323
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That is definitely one of those moments when "He / She who laughs last laughs best".
Every now and then I have to check and make sure I'm not walking around with a big Cheshire cat grin plastered on my face at work. This only happens when I look at my mortgage spreadsheet. I should probably stop doing that - I truly don't believe in counting your chickens until they hatch. Plenty of time for grins when the final goal is achieved.
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Old 01-01-2014, 09:59 AM   #324
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As of the end of 2013, our FIRE savings are over $555,000. Considering that $500K was the stretch goal for the year, we're very happy. Still on track to retire late 2019, though I do know that it's statistically likely that we'll see another recession before then.
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Old 01-01-2014, 01:15 PM   #325
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I am curious, how would you compute the present day value of your non-cola pensions, and SS? Any one want to take a shot at it?


Try getting annuity quotes on the value of your annual pension/SS. That's the best way I know to translate their value.
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Old 01-01-2014, 01:35 PM   #326
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OK, I've done the math. Three milestones at year end (which also marks 1 year of ER)

1. NW has breached another nice round number with 7 figures in it.
2. NW has increased by 22.5% in the past year. Accounting for some income during 2013, overall portfolio return is ~18%.
3. Leverage has decreased by 2/3 since its high in 2010 and is now just over 3% of NW.

Investable assets have not risen, but that is because I was aggressively paying down debt. So far, the sequence of returns has been in my favor. I hope it stays positive for the next 3-4 years! I have yet to total my annual spending for 2013, but all indications are that it has been less than 3% of NW a year ago and less than 2.5% of current NW. So far, so good!
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Old 01-02-2014, 12:46 AM   #327
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I just crunched our numbers, and our net worth is now $1.2 million ($950K liquid assets + $250K home equity). This is a 25% increase from six months ago, so I'm super happy about this milestone.

Based on current spending, we will need 3x that amount to FIRE, but if we can keep up the savings rate, we hope to get there within the next ten years.
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Old 01-02-2014, 12:04 PM   #328
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NW has hit an all-time high at $2.08 million of which $1.5 million are liquid assets (taxable + retirement).

Happy New Year everyone!
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Old 01-02-2014, 12:23 PM   #329
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Hit a net worth milestone of $2.475M Christmas Eve.

We should all be as inadequate as you! Congratulations on a job well done.
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Old 01-02-2014, 12:28 PM   #330
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I am curious, how would you compute the present day value of your non-cola pensions, and SS? Any one want to take a shot at it?
One way is to see what it would cost you today to purchase a single premium immediate annuity that would pay you what you pension pays. You can get an estimate here: Immediate Annuities Overview — ImmediateAnnuities.com
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Old 01-02-2014, 01:05 PM   #331
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Hit $8 million total net worth by the last day of 2013! Cheers to a great year for stocks and real estate!
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Old 01-02-2014, 01:29 PM   #332
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$1.6m in 401k/IRA/and brokerage accounts, two houses, no mortgages... my big milestone will be taking the plunge into retirement.
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Old 01-02-2014, 02:16 PM   #333
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Originally Posted by Siestatime View Post
I am curious, how would you compute the present day value of your non-cola pensions, and SS? Any one want to take a shot at it?


Try getting annuity quotes on the value of your annual pension/SS. That's the best way I know to translate their value.
Yes. You can get these figures on the internet. In my case it is the price of a joint life annuity as my wife gets full benefits until she dies. My pension is worth a lot rivalling my investment portfolio.

You could also calculate the value using you own parameters: being life expectancy and interest rate for the term to expected death. The quote from an insurance co should be higher because of their profit and imbedded expenses to administer the annuity.
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Old 01-02-2014, 02:34 PM   #334
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OK, I've done the math. Three milestones at year end (which also marks 1 year of ER)

1. NW has breached another nice round number with 7 figures in it.
2. NW has increased by 22.5% in the past year. Accounting for some income during 2013, overall portfolio return is ~18%.
3. Leverage has decreased by 2/3 since its high in 2010 and is now just over 3% of NW.

Investable assets have not risen, but that is because I was aggressively paying down debt. So far, the sequence of returns has been in my favor. I hope it stays positive for the next 3-4 years! I have yet to total my annual spending for 2013, but all indications are that it has been less than 3% of NW a year ago and less than 2.5% of current NW. So far, so good!
Congrats. You are doing very well.
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Old 01-02-2014, 05:14 PM   #335
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Don't know if this is the right place:

Retired nine years as of 31 December.
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Old 01-02-2014, 07:52 PM   #336
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Don't know if this is the right place:

Retired nine years as of 31 December.
I think it fits. Many posts here about financial milestones, but I've got a non-financial one:

Wrote an email to HR today about "job sharing opportunities" or otherwise not working full time. The answer will be a flat "no", but that's my due diligence. My next milestone will be to send another email "Since you can not accommodate my earlier request..."
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Old 01-03-2014, 01:15 AM   #337
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Hit $8 million total net worth by the last day of 2013! Cheers to a great year for stocks and real estate!

If you have 8 Million are you done? IE retired?
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Old 01-03-2014, 02:01 AM   #338
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Hit $8 million total net worth by the last day of 2013! Cheers to a great year for stocks and real estate!

Fantastic ! You are a real inspiration !
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Old 01-03-2014, 04:56 AM   #339
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I only look at what I have in stocks, savings for NW. Just crossed over the 4.5 million mark this week. I'm 48' dw is 55. Our number is 6 million, but once we hit 5 mil, will be hard not to throw in the towel.
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Old 01-03-2014, 02:37 PM   #340
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Every now and then I have to check and make sure I'm not walking around with a big Cheshire cat grin plastered on my face at work. This only happens when I look at my mortgage spreadsheet. I should probably stop doing that - I truly don't believe in counting your chickens until they hatch. Plenty of time for grins when the final goal is achieved.
Don't stop. That type of smile brings warmth to the soul and drives co-workers crazy.
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