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Old 01-21-2015, 11:31 AM   #81
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2029

2029 is my year as of right now. I will be 54 and DW will be 49. Plan to go together, if she doesn't go earlier. I would actually love it if she went now and just worked part time. Net worth currently at $623k (457, 2 Roths, IRA, and 2 401K's) plus a house fund to save up for the dream retirement home. If we get good returns, would love to go in 2027. Actually eligible to retire in 2017...whew....I wish.


P.S. We are saving just over 60k a year....45% of our income.

RAF
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Old 01-21-2015, 05:13 PM   #82
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[QUOTE=P.S. We are saving just over 60k a year....45% of our income.

RAF[/QUOTE]


Way to go!


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Old 01-22-2015, 08:28 AM   #83
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Just turned 40. Wife is still SAHM.
Income stagnant, negotiated too well coming in and stuck at the top of my current pay grade. Hoping to get promoted this year and get good annual boosts.

Net worth $936k. Up $140k from last year.
Saving 56% of salary, up from last year. Discovered the 401(k) after tax Roth 401(k) rollover option. This enables an additional 9% of my salary into tax free money in retirement.

This additional 9% doesn't leave me any slack, will have to save every penny of my bonus.

Also took one week unpaid time off to spend more time with family and not working. Negotiated this with my manager, prefer more time vs more money at this time in my life having a young family.
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Old 01-31-2015, 11:33 AM   #84
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2027 Stretch goal @ 40 years old (currently 14.6% success rate on Firecalc)
2032 Realistic goal @ 45 years old (currently 75.6% success rate on Firecalc)
2035 Definite FIRE @ 48 years old (currently 100% success rate on Firecalc)

This is with current rate of contribution and $40,000 COLA spending till age 90.
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Old 01-31-2015, 09:05 PM   #85
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Thanks for keeping the FIRE of this thread going, 2035! First post to it.

DW and I got a late wake-up to the need to save more aggressively for retirement. Our ballpark is 2025-2030 and we're planning a savings rate of %35.5 this year, after %22 last year. We're at 710k between 401ks, HSAs, an old Roth IRA and our taxable investing at Vanguard. We're also at 37k for DD and DS's college 529s, more to go.

We kind of hosed ourselves by buying a dream home close to 2yrs ago. That big fat mortgage increase puts a damper on more aggressive saving and puts a lot of pressure for both of us to keep working. Current plan does not include a payoff prior to retiring, but we'll see...

As part of our "wake up" this last Fall, we're starting to get into some more advanced savings technique late last and this year:
  • Using HSAs solely for investing
  • Started taxable investing; those 401ks aren't going to help pre-59.5 unless we do a SEPP
  • Leveraging our Megacorp's 401k that allows in service withdrawals of post-tax non-Roth contributions to do the "mega back door" into Roth IRAs. Now we'll have an acct that is appropriately tax-advantaged to hold some Wellesley or REIT funds! Just starting this in Feb and will increase as I get the feel for it; will have to build up the initial fund buy-in price of $3k before I execute the first withdrawal and conversions.

Cheers!
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Old 02-01-2015, 12:34 AM   #86
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Looking at 2028-2030 depending on when I retire from the Army. Have the majority of investment in an income property that my husband inherited, no mortgage, monthly rent. Usually max out my Roth TSP, but this year is a PCS year, so started cutting back on retirement to build a nice moving fund. Hopefully next year we will be able to make up the difference in our taxable accounts.



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Old 12-30-2015, 12:41 AM   #87
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Okay folks, our yearly check-in is two days away. Get ready to post your 2015 stats, milestones, insights, etc over the year. ☺️




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Old 12-30-2015, 10:13 AM   #88
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I decided to update my spreadsheet two days early. My net worth is now at $892,000. This is up $20,000 from January 1st, 2015. I also paid cash for a 2015 Ford Fusion this year to replace an 11 year old car.

I'm 36 and looking to retire or semi-retire sometime between 2023 (age 43) and 2036 (age 57).
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Old 12-30-2015, 10:18 AM   #89
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I did my update early as well. The numbers are empowering and I might have to drop out of the 2027-2037 group as FIRE becomes reachable before that date.

Net worth is up 73% to $142k from $82k
Income has doubled from the past 3 years due to a career change.
Savings rate was an amazing 76% of after tax income.
I managed to save 3 years of current living expenses in one year.
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Old 12-30-2015, 07:43 PM   #90
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Originally Posted by 2Birds1Stone View Post
I might have to drop out of the 2027-2037 group as FIRE becomes reachable before that date.

That's great...good luck!!! Hopefully I'll be able to change my name to 2033.


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CLASS OF 2027 to 2037
Old 12-30-2015, 07:44 PM   #91
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CLASS OF 2027 to 2037

👍🏽 Daystar


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Old 12-30-2015, 08:23 PM   #92
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I'm 39 and looking to ER in 2028, 12.5 years from now. I'm currently saving 37 percent of my gross income. I also have a Nevada State pension promised to me. We shall see. I'm saving as if the pension won't happen, cause let's be honest, it may not.


I better not die right after retiring! I've saved for years to be able to enjoy the money and time. (This is one of my fears)
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Old 12-31-2015, 09:59 PM   #93
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Am 47 and aim to retire 12 years from tomorrow (2028) at 59 1/2. Will have a pension then but also save 25% of salary as well as will have a handful of rental properties


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CLASS OF 2027 to 2037
Old 12-31-2015, 10:00 PM   #94
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CLASS OF 2027 to 2037

Brrrrr...32 degrees and dropping. 😳 I'm a California wuss...I know others have it much worse. I digress...

42/Single/Female

Stats at 12/31/2015:

* 401(k): $202,124.44 (maxed)
* Roth: $37,722.06 (maxed)
* iBonds: $200.00 (+ interest)
* Cash: $2,500.00

Stats at 12/31/2014:

* 401(k): $178,658.18
* Roth: $30,888.89
* iBonds: $200.00 (+ interest)
* Cash: $0.00

My 2016 financial resolution is to build up my cash savings while continuing to max out my retirement accounts.


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Old 01-01-2016, 11:04 AM   #95
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I'm hoping to retire in 2027 at 55. I even have the exact date picked out. (The day MegaCorp pays out the yearly bonus). Only 4088 days to go. Give or take a few days.
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Old 01-03-2016, 09:51 PM   #96
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Put me down as a "definite maybe." I am doodling around with a very rudimentary spreadsheet. With conservative assumptions, I should be able to pull the plug before 2037. How much before is unclear (a lot can happen between now and then).
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Old 05-05-2016, 10:59 PM   #97
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Hello all. Looking to retire ~2030 at the age of ~55 when our youngest (of four) leaves the nest for college.

Love this site. Very useful and inspiring, even tho I lurk too much and post not enough.

Target goal has been 5mm liquid to reach FI though I don't believe I'll ever stop working - it's hard-wired into me I guess. Even if/when I abandon mega corp (or vica versa!) would like to stay in the game, likely in an entrepreneurial pursuit.

Right now kids are young so saving as best we can in high COL area. NW prob ~$2.5+ but much of that is home equity so need to ramp cash / investment pile, which we're working on.

REALLY appreciate all the wisdom on this site. Good luck to everyone on this thread - looking fwd to comparing notes and inspiring each other in the years to come.



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Old 05-07-2016, 10:14 PM   #98
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I don't believe I'll ever stop working - it's hard-wired into me I guess.
PM me and we can arrange for you to drop by my place on a regular basis to do household chores, gardening, light home repairs, etc. I want to help you to feel fulfilled!
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Old 12-31-2016, 12:32 AM   #99
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Okay Folks,

It's that time of the year again, to update each other on our progress and to get inspiration from others wanting to retire between 2027 and 2037. My cash savings was lacking this year, but I fully maxed out my Roth ($5,500.00) and 401k ($17,999.89).

My 2017 financial resolution is to save for an emergency and pay off some recent unanticipated debt.


My stats at Year End:

401(k):
12/31/2016 12/31/2015
$236,531.02 $202,124.44

Roth:
12/31/2016 12/31/2015
$46,605.67 $37,722.06

iBonds:
12/31/2016 12/31/2015
$0.00 $200.00

Cash:
12/31/2016 12/31/2015
$0.00 $2,500.00
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2016 Numbers-targeting 2030
Old 01-05-2017, 02:04 PM   #100
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2016 Numbers-targeting 2030

Overall a good year, purchased a newish van and finished the renovation of the rental property. Got both units rented, one year leases (25% premium compared to very similar property next door), financed the property and got out all but $2k invested in purchase and renovation and have 35% equity in the property. Keeping proceeds from financing in cash to buy more properties if deals appear.

~$380k Roth +$60k 9% After tax 401k ro + $30k Roth Horse Race
~$297k tIRA -$2k -$30k Roth Horse Race
~$141k 401k +$43k $18k+8% contribution
~$42k ESPP -$6k Started selling off to finance rental reno
~$4k after tax -$66k Sold off to finance rental reno and newish van
~$200k cash +$175k Financed rental property 3.5% 15 year
~$71k home equity -$14k Home Equity Loan to finance rental property
~85k rental equity -$15k Financed the property
~11k HSA +$3k

Total Spend:
$5750/month (about same as previous year) + $24,000 for new vehicle


Net worth

$1.24M (+$178k)
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