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Class of 2021
Old 05-08-2014, 07:44 PM   #1
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Class of 2021

I did a search and couldn't find so I figured I would start. There must be others out there, it will be a great year for many. I can't wait there is a small chance I might get out in 2020 but more likely will be October of 21 at the ripe old age of 56. Not young by this forum standards but it will sure beat most of my peers by a decade.
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Old 05-08-2014, 07:51 PM   #2
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I am born in 65, too.

I am looking at summer of 2023, but it might be earlier if I lose my job.
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Class of 2021
Old 05-08-2014, 08:38 PM   #3
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Class of 2021

Based on firecalc, I'm trending towards 2021, but it might be more like 2023 for some extra padding. We'll see how it goes.
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Old 05-08-2014, 08:58 PM   #4
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In hindsight, you might say 2020.
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Old 09-30-2014, 10:22 PM   #5
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Thanks highlow65 for starting this thread! You get the honor of my first ever post on this board -- been lurking for a few months.

I will join the class of 2021 -- actually my goal is anywhere from December 2020 to December 2022, so 2021 is a good compromise. What year I retire depends on my portfolio RoR, but I'll be 51-53 by then. For the record, married with no kids of our own, but DW has a son from a relationship long before we met, when she was young and foolish. She is far from foolish now, but incredibly the kid is still around. Amazing how that works.

Anyway, I started obsessing with retirement since our NW, including our expensive but older fixer upper house, rose above 2.6m. I could retire now, I know, but a few things are pushing our number to closer to 4m (predicted by 2022 or earlier). First, we live in a high cost area (DC metro) and DW wants to stay here for a good while -- perhaps another 20 years unless I talk her out of it. Second, kid is nearby, and kid needs our financial support, and kid is having his own kid with his fiance (he's in his mid-20s), and so we will be grandparents in our mid-40s. We'll want to give the granddaughter every chance to launch in the real world as a real person, unlike kid. That means education, of course. Third, we are young and health insurance is a big issue and funding 20 years before medicare kicks in could be challenging. Fourth, while we're making good money now, I'm currently looking for a lower paying but more relaxing job, and it will still pay six figures but will be a pay cut. Fifth, I like working so long as I don't have to keep at my current pace -- desperately need a break.

I have many things to keep me busy, and will probably manage our rentals during retirement, so maybe I'll never truly retire. Looking forward to camping out west for as long as DW can take it!

Good luck to the class of 2021.
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Old 12-16-2014, 09:24 PM   #6
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I'll join the class of 2021 too. I'll become fully vested in a deferred comp plan when I turn 58 in January of that year plus our youngest child will have just turned 21.

In the meantime, I plan to work but still take the opportunity to do a lot of traveling. I could probably retire right now from a financial perspective but we still have two kids in high school and none of our closer friends are anywhere close to retiring.

However, I just received another reminder that life is precious. A 38 partner in our firm just died totally unexpectedly from a sudden medical condition. It makes you do some thinking. This is the second young person I helped mentor to become a partner who met an untimely death. So sad....


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Old 12-17-2014, 12:41 AM   #7
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Quote:
Originally Posted by HillCountry View Post
I am born in 65, too.

I am looking at summer of 2023, but it might be earlier if I lose my job.
I'm born in 61... end of February sounds like a good time to be non-employed to me
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"55 and 10"
Old 03-05-2015, 12:16 AM   #8
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"55 and 10"

I've been lurking for years, too, but decided to jump in today with the Class of 2021. DH and I are shooting for 2022 when I hit Megacorp's threshold. Started there in 2012, so I'll be 56 with 10. We're >1.5m now, but my deferred comp has advantages if I wait. We sailed across the Atlantic in 2009, but that didn't make a dent in the bucket list. We want to relocate somewhere between the tropics and the Pacific NW, as long as there's water. I was told last night that 2022 was NOT negotiable, which suits me fine.
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Old 11-06-2015, 08:55 PM   #9
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Our class has been super quiet in 2015. Have any of you thought about changing classes in light of the market treading water this year? I'm still happily in this class despite the investment returns this year?
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Old 01-15-2016, 02:55 PM   #10
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2021 is my plan at this point. Will be 62.
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Old 02-26-2016, 08:42 AM   #11
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Born in late '65 and saying Hi All. I'm envisioning more of a process over a range of years from work, to semi-retirement, to some hobby business, consulting a little, or working part time at the Ace Hardware down the street just to stay in circulation. NW is $1.2 now and we're on track to save $70K+ this year. In five years, hopefully, we'll have $2+ and I can go part time while DW likely works FT because she is just that way. Hence, I'll adopt us as Class of 2021 because it's a lot more exciting-sounding to me than Class of 2025 when the need to do commercial work should actually be fully behind us!
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Old 05-18-2016, 03:38 PM   #12
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Hi all! I hope to be FI in 2019 and FIRE by 2021. My last kid should have finnished his Masters by then so that is my target year. I will be 53.
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Old 05-19-2016, 11:39 AM   #13
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2020-2021 is likely year for me too. I was born in '64. I have sufficient assets to retire now, but: (1) I am risk averse so need a higher level of confidence than most people do, (2) I am thinking in terms of around $250k a year spending in retirement, and (3) I still have a kid in high school, and I don't think I want to retire while he is still in school. He will go to college in 2019. So, probably 2020 or 2021 retirement. But if I get too fed up, I am gone sooner!
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Old 06-30-2016, 08:27 AM   #14
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December 2021 for me. I enjoy my job but I want to get away from the 40 hours in the office or on the road. I will fire with two pensions (67K a year) and hopefully IRA/401K around 600K. We have a rental property also that brings in income. Plenty of health insurance at low cost (retired military).
Even though I will be 60 I will have 3 children under 16 at home so plenty to do in retirement. 2 children have free college education since we adopted them from foster system. Saving for the other child's college. I may work PT if I find something I enjoy, not for the income but more for the passion. We plan on traveling to Europe for about 3-5 months in 2022 or 2023 to educated our children about the world for 1 semester.
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Old 08-07-2017, 02:26 PM   #15
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31 December, 2021. Will have 10 years and one year past minimum retirement age (Fed job). Leave pay will fall under 2022 income.
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Old 10-03-2017, 01:25 PM   #16
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No love for 2021?
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Old 10-06-2017, 12:10 PM   #17
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Hit a great milestone, sold our rental property and paid off our primary house with the profit. So, we are now debt free. 4 years until Oct 2021 Retirement.
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Old 10-06-2017, 12:36 PM   #18
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Congrats! We may have to inspire each other to last till then. I know it will go by fast but w*rk looks less appealing every day.
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Old 10-09-2017, 12:21 PM   #19
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Still hopeful for mid year 2021.
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Old 10-09-2017, 01:08 PM   #20
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According to Firecalc/my personal spreadsheet calculator, I will have just enough to have a 30% buffer on top of my normal annual expenses by June 2021 to support 60+ years of spending. However, I think we may be at the peak of a long bull run at that point, which will skew my results by about 1/2 a year worth of earnings, so I will likely work until the end of 2021, or even aim for June 2022 just to get another year added to my pension (each year added to it is like earning a bonus $25k mostly untaxed). I'm not factoring in SS, the pension, or a likely inheritance (not that I want it, but it would likely be an additional 50% to what I've saved), because I am retiring pretty early, but adding the SS/pension into Firecalc, I would likely be safe June 2021 regardless of what part of the cycle the market is in.
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