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02-15-2017, 07:43 PM
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#1361
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Full time employment: Posting here.
Join Date: Jul 2005
Posts: 614
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Recently climbed to over $2.75M (not including home). On schedule to reach $3M by September. I can't believe it.
Just turned 50 last month. Looking to FIRE by 55.
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02-15-2017, 07:55 PM
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#1362
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Thinks s/he gets paid by the post
Join Date: May 2011
Location: St. Paul
Posts: 1,847
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Just crossed 2.5 M including house worth @ 400,000. It sure is nice to have a long stretch of good momentum.
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02-15-2017, 11:57 PM
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#1363
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Moderator
Join Date: Oct 2010
Posts: 10,622
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Nominal portfolio value at a record high, despite having no j*b income for over 3 years.
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Share your FIRE Milestones
02-16-2017, 12:14 PM
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#1364
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Recycles dryer sheets
Join Date: Oct 2014
Posts: 125
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Share your FIRE Milestones
Today was the first day my assets value (not including equity) went over $1,000,000. I never thought this would occur for me, especially having been retired for two years. I'm a bit awed and grateful for this milestone.
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02-17-2017, 07:02 AM
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#1365
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Recycles dryer sheets
Join Date: Jan 2011
Posts: 66
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I might be ahead of schedule for hitting $1mil, did my monthly checkup and I'm at $913.5k. Now looks like I COULD hit the mark in the summer, more than a year earlier than my projection 4 years ago. Of course the market might have other plans...
I turn 35 in May and first kid is going be coming out the oven soon, things are going to get interesting
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02-17-2017, 07:07 AM
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#1366
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Recycles dryer sheets
Join Date: Jan 2011
Posts: 66
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Quote:
Originally Posted by younginvestor2013
$409k age 27. Currently saving about $15k per year. It is truly amazing how much the compounding can take off when the market is hot. My conservative estimates don't have me being in the 2 comma ($1m) club (in today's dollars) until age 40 but I am hoping it is more like 35!
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That's a great start, you must have been socking away more than 15k a year initially to get such a good start?
FWIW, I was around 200k at 27, and I'm a few months away from 35 now and at $913k, if you come close to keeping pace with what you've done to date you'll hit $1mil well before 40.
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02-17-2017, 11:23 AM
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#1367
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Recycles dryer sheets
Join Date: Jan 2015
Location: Boerne
Posts: 421
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Nice Job. the 2M should get you 80K annually prior to taxes at a 4 % burn rate. :-)
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02-17-2017, 11:25 AM
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#1368
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Recycles dryer sheets
Join Date: Jan 2015
Location: Boerne
Posts: 421
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Heck, you should be able to walk now lol
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02-23-2017, 05:40 AM
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#1369
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Thinks s/he gets paid by the post
Join Date: Jan 2016
Location: Rural Alabama
Posts: 1,353
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I have less than one year on my countdown calendar, and a month ago we hit two million in liquid assets- which puts us at a 3% w/d rate. So I could quit now really, but I said I'd work till Feb of 18, and I think I will.
Yesterday we got an unpleasant (to me) corporate announcement. I came home and kissed my husband in gratitude. We would not be in this situation if it were not for him. Its a lovely feeling to know I can walk out the door whenever I want to, and that I WILL walk out for the last time in less than a year.
__________________
Projected retirement--2020 at age 48 (done!)
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02-23-2017, 11:30 AM
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#1370
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Recycles dryer sheets
Join Date: Apr 2016
Location: Bay Area
Posts: 187
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Quote:
Originally Posted by jeffbottman
Just started receiving the most pitiful pension on this board: $500/mo, non-cola! Luckily we've socked away 2.5M with house at 1.0M. And max allowed SS at 70. I'm 60, DW is 64. FIRE is about to be kindled. (I'm anxious)
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Most pitiful? Not by a long shot
It is easy to get a slightly skewed version of reality because so many on this forum have some sort of pension (maybe there has been a poll taken on this? If so I'd be interested). But for the vast majority of us in the private sector, $500/mo is exactly $500/mo more than we will be getting. I agree it isn't enough to live on - just pointing out you have lots of company!
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02-23-2017, 11:34 AM
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#1371
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,000
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Quote:
Originally Posted by JohnnyBGoode
...many on this forum have some sort of pension (maybe there has been a poll taken on this? If so I'd be interested).
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This one is five years old, maybe time for a new one?
http://www.early-retirement.org/foru...ome-61700.html
__________________
Numbers is hard
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02-23-2017, 11:43 AM
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#1372
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,939
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Quote:
Nominal portfolio value at a record high.
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+1. ~5 weeks to RE. This has been a great time for the market to be in rally mode and to pad the NW prior to pulling the plug on w**k. It has been quite hectic on the job YTD with major issues flaring up at customers, and as the senior person in my group I am the go to guy for covering short manpower and putting out fires. I am so ready to be out of here.
__________________
"The mountains are calling, and I must go." John Muir
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02-23-2017, 11:49 AM
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#1373
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Thinks s/he gets paid by the post
Join Date: Sep 2016
Location: Acworth
Posts: 1,214
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Quote:
Originally Posted by REWahoo
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I think the primary flaw in that poll was that it didn't ask if the pension really mattered. My dad has 1 pension, it's less than $150/month. It moved the discretionary spending allowance a smidge...
A better question might be "do you have a pension that has any significant impact on your retirement budget?" to see what pensions "really matter" financially.
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02-23-2017, 12:43 PM
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#1374
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Recycles dryer sheets
Join Date: Apr 2016
Location: Bay Area
Posts: 187
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Quote:
Originally Posted by exnavynuke
I think the primary flaw in that poll was that it didn't ask if the pension really mattered. My dad has 1 pension, it's less than $150/month. It moved the discretionary spending allowance a smidge...
A better question might be "do you have a pension that has any significant impact on your retirement budget?" to see what pensions "really matter" financially.
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Thanks exnavynuke. I haven't run a poll before so I thought I'd try it based on your suggestion. http://www.early-retirement.org/foru...oll-85562.html
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02-23-2017, 12:57 PM
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#1375
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,140
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Quote:
Originally Posted by jeffbottman
Just started receiving the most pitiful pension on this board: $500/mo, non-cola! Luckily we've socked away 2.5M with house at 1.0M. And max allowed SS at 70. I'm 60, DW is 64. FIRE is about to be kindled. (I'm anxious)
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I have *TWO* pensions... neither is COLAd. Add them together and it's under $500/month. I ran the calculators without them... but it's enough to cover all the utilities (including telephone/internet/cable).
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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02-24-2017, 02:21 PM
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#1376
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Recycles dryer sheets
Join Date: Feb 2017
Posts: 93
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What's a pension? I've been working for 32 years, not a whiff of a pension. But, I have recently gone over 1.3M in my portfolio, and I can almost see 1.5 from here. Burning the boat in a few months...
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02-24-2017, 02:48 PM
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#1377
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Recycles dryer sheets
Join Date: Apr 2016
Location: Bay Area
Posts: 187
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Quote:
Originally Posted by RockLife
What's a pension? I've been working for 32 years, not a whiff of a pension. But, I have recently gone over 1.3M in my portfolio, and I can almost see 1.5 from here. Burning the boat in a few months...
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Yep, me too. Private sector, high tech = never even heard of a pension. That being said, there is upside to high tech as well, so no complaints, but it is a completely different world for most folks.
Also, congrats on (almost) 1.5! I love the "burning the boat" phrase
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02-24-2017, 10:31 PM
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#1378
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Recycles dryer sheets
Join Date: Mar 2016
Location: SoCal
Posts: 353
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I am 47, original plans was to be FIRE at 55(2025) but will be able to cut it short at 50(2020) and gave the owner 3 years notice yesterday
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02-25-2017, 04:25 AM
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#1379
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Full time employment: Posting here.
Join Date: Aug 2013
Location: New Jersey
Posts: 892
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Investable assets went over $1M for the first time today. On track to retire in 14 months - wife retired in 2009 with a pension. Feels good. If the stock market drops more than 20%, may need to change the date.
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02-25-2017, 01:45 PM
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#1380
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,760
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That's great that you could take 5 years off your original plan. Congrats!!
p.s. What color is that Viper
Quote:
Originally Posted by Al18
Investable assets went over $1M for the first time today. On track to retire in 14 months - wife retired in 2009 with a pension. Feels good. If the stock market drops more than 20%, may need to change the date.
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Congrats! The time will fly by.
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