Poll

mickj · 03-21-2008, 10:13 AM

How many years did it take you to get to FIRE, assuming you never made more than 100k a year in today's dollars. Or if you are projecting your FIRE date and you make less than 100k a year, put down your projection.

hankster · 03-21-2008, 10:37 AM

I'm not FIREd yet but will be eligible for DB pension and retiree medical benefits at age 55 (in 4 1/2 years.) This would be after a 35 year career in the electric utility industry with present salary about $75k/year. DW working part time for 15 years with present salary $15k/year. I will probably w*rk 3 to 5 years beyond that as the pension greatly increases over that time period and the 401k balance should be accelerating markedly at that stage (assuming good market conditions.) The extra few years will mean the difference between staying home most of the time vs. a fair amount of travel, which is important to us in the early years of retirement. We also want to make sure their is a good cushion to protect us in the event of an immediate bear market, unusually high inflation or other post retirement curve balls.

Hank

unclemick · 03-21-2008, 10:48 AM

1966 -1993, 27 yrs, age 49, 60k max salary in 1992. Space Program grunt en - ga - neer.

heh heh heh - also test INTJ, lefthanded, and was a really, really cheap bastard.

.

aworkingrachel · 03-21-2008, 11:45 AM

Should I calculate from when I first started working or from when I first started aiming for FIRE?

**Want2retire** · 03-21-2008, 11:51 AM

Quote:

Originally Posted by aworkingrachel

Should I calculate from when I first started working or from when I first started aiming for FIRE?

I hope it's the latter, since that is what I used. Up until 2001 I didn't think I could possibly ever retire and was grimly envisioning myself as working into my 90's.

Then my brother told me that was nonsense, so I started crunching numbers in Excel, and working on building up a nestegg, buying and paying off my house, and such.

lazygood4nothinbum · 03-21-2008, 02:26 PM

after inheritance & 32 years of working for much less than 100k, i quit my job. i'm still working on the fire part.

mickj · 03-21-2008, 03:28 PM

I assumed it would be from when you started working, a little late for me to clarify now :-(

oma · 03-22-2008, 12:21 AM

Pensioners like myself mess up your poll - many can FIRE only due to the pension. Same goes for those receiving large inheritances, right? The best poll is how many years for self made FIRE. I'd expect most would say over 30-40 yrs.

trixs · 03-22-2008, 05:22 PM

My goal is to Retire when I get out of the military in 14 years from now. That will make me 40 years old with lots of time to do anything

Rambler · 03-22-2008, 05:53 PM

That's a real hard question, because everyone has such different circumstances...kids, location, spouse or SO's spending habits, your own spending or LBYM habits. Also you could be making much less than 100k one minute, and then (FINALLY) someone recognizes the value of your contribution and you are making much more than that (but had saved like the dickens all the way there). In that case FIRE can get closer...or it can become further away, depending on how much you like the new job, or how much you like the new money.

Everything is relative.

R

SecondCor521 · 03-22-2008, 07:17 PM

I'm sorry, I voted before I read the question.

So move one vote from 8-10 years (which is how much longer I have to go) to 23 years (which is how long I will have worked FT to achieve FIRE).

2Cor521

mickj · 03-23-2008, 12:18 AM

Quote:

Originally Posted by SecondCor521

I'm sorry, I voted before I read the question.

So move one vote from 8-10 years (which is how much longer I have to go) to 23 years (which is how long I will have worked FT to achieve FIRE).

2Cor521

No Problem, that is what I assume a lot of the lower end numbers are.

**Want2retire** · 03-23-2008, 07:58 AM

Quote:

Originally Posted by mickj

No Problem, that is what I assume a lot of the lower end numbers are.

But not all. A good salary along with a lot of LBYM can do wonders in a pinch.

bow-tie · 03-26-2008, 08:22 AM

Quote:

Originally Posted by SecondCor521

I'm sorry, I voted before I read the question.

So move one vote from 8-10 years (which is how much longer I have to go) to 23 years (which is how long I will have worked FT to achieve FIRE).

2Cor521

Ditto for me.

View Poll Results: Number of years to FIRE (100k or less salary, projected or real date)
1-4 years	9	12.16%
5-7 years	9	12.16%
8-10 years	4	5.41%
11-12 years	4	5.41%
13-14 years	5	6.76%
15-16 years	6	8.11%
17-18 years	1	1.35%
19-20 years	3	4.05%
21 years	1	1.35%
22 years	3	4.05%
23 years	1	1.35%
24 years	0	0%
25 years	6	8.11%
26 years	0	0%
27 years	2	2.70%
28 years	1	1.35%
29 years	2	2.70%
30 years	9	12.16%
30-40 years	6	8.11%
41+ years	2	2.70%
Voters: 74. You may not vote on this poll

03-21-2008, 10:13 AM	#1
mickj Recycles dryer sheets Join Date: Apr 2005 Posts: 150	Poll How many years did it take you to get to FIRE, assuming you never made more than 100k a year in today's dollars. Or if you are projecting your FIRE date and you make less than 100k a year, put down your projection. __________________ If people never did silly things, nothing intelligent would ever get done. Ludwig Wittgenstein

03-21-2008, 10:37 AM	#2
hankster Recycles dryer sheets Join Date: Jan 2008 Posts: 250	I'm not FIREd yet but will be eligible for DB pension and retiree medical benefits at age 55 (in 4 1/2 years.) This would be after a 35 year career in the electric utility industry with present salary about $75k/year. DW working part time for 15 years with present salary $15k/year. I will probably w*rk 3 to 5 years beyond that as the pension greatly increases over that time period and the 401k balance should be accelerating markedly at that stage (assuming good market conditions.) The extra few years will mean the difference between staying home most of the time vs. a fair amount of travel, which is important to us in the early years of retirement. We also want to make sure their is a good cushion to protect us in the event of an immediate bear market, unusually high inflation or other post retirement curve balls. Hank __________________ "There is no dignity quite so impressive, and no independence quite so important, as living within your means." Calvin Coolidge

03-21-2008, 11:45 AM	#4
aworkingrachel Recycles dryer sheets Join Date: Feb 2008 Location: Chicago Posts: 76	Should I calculate from when I first started working or from when I first started aiming for FIRE? __________________ I like my job, but I'll like FIRE more.

03-21-2008, 02:26 PM	#6
lazygood4nothinbum Thinks s/he gets paid by the post Join Date: Feb 2006 Posts: 3,795	after inheritance & 32 years of working for much less than 100k, i quit my job. i'm still working on the fire part. __________________ "off with their heads"~~dr. joseph-ignace guillotin "life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901

03-21-2008, 10:48 AM	#3
unclemick Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Jul 2003 Location: north of Kansas City Posts: 5,562	1966 -1993, 27 yrs, age 49, 60k max salary in 1992. Space Program grunt en - ga - neer. heh heh heh - also test INTJ, lefthanded, and was a really, really cheap bastard. .

03-21-2008, 03:28 PM	#7
mickj Recycles dryer sheets Join Date: Apr 2005 Posts: 150	I assumed it would be from when you started working, a little late for me to clarify now :-( __________________ If people never did silly things, nothing intelligent would ever get done. Ludwig Wittgenstein

03-22-2008, 12:21 AM	#8
oma Recycles dryer sheets Join Date: Mar 2007 Location: Bavaria, Germany Posts: 168	Pensioners like myself mess up your poll - many can FIRE only due to the pension. Same goes for those receiving large inheritances, right? The best poll is how many years for self made FIRE. I'd expect most would say over 30-40 yrs.

03-22-2008, 05:22 PM	#9
trixs Recycles dryer sheets Join Date: Nov 2005 Posts: 108	My goal is to Retire when I get out of the military in 14 years from now. That will make me 40 years old with lots of time to do anything __________________ How to Invest

03-22-2008, 05:53 PM	#10
Rambler Full time employment: Posting here. Join Date: Jul 2007 Posts: 747	That's a real hard question, because everyone has such different circumstances...kids, location, spouse or SO's spending habits, your own spending or LBYM habits. Also you could be making much less than 100k one minute, and then (FINALLY) someone recognizes the value of your contribution and you are making much more than that (but had saved like the dickens all the way there). In that case FIRE can get closer...or it can become further away, depending on how much you like the new job, or how much you like the new money. Everything is relative. R

03-22-2008, 07:17 PM	#11
SecondCor521 Thinks s/he gets paid by the post Join Date: Jun 2006 Location: Boise Posts: 1,333	I'm sorry, I voted before I read the question. So move one vote from 8-10 years (which is how much longer I have to go) to 23 years (which is how long I will have worked FT to achieve FIRE). 2Cor521 __________________ "At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.

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