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| -- 2012 -- | -- [2013] -- | -- 2014 -- | -- 2015 -- | -- 2016 -- | -- 2017 -- | -- 2018 -- | -- 2019 -- | 2020 | 2021 | 2022 Retirement| $500k | [$627k] | $755k | $884k | $920k | $1,088k | $1,272k | $1,377k | $1,520k | $2,145k | $2,150k Savings| $165k |[$142] | $120k | $105k |...

Say what? My first post here was nine years ago, and here I am at 45, not retiring. :D | -- 2012 -- | -- [2013] -- | -- 2014 -- | -- 2015 -- | -- 2016 -- | -- 2017 -- | -- 2018 -- | -- 2019 -- | 2020 | 2021 Retirement| $500k | [$627k] | $755k | $884k | $920k | $1,088k | $1,272k...

| -- 2012 -- | -- [2013] -- | -- 2014 -- | -- 2015 -- | -- 2016 -- | -- 2017 -- | -- 2018 -- | -- 2019 -- | 2020 Retirement| $500k | [$627k] | $755k | $884k | $920k | $1,088k | $1,272k | $1,377k | $1,520k Savings| $165k |[$142] | $120k | $105k | $90k | $76k | $67k | $50k | $42k...

Hah, nicely done! I like to quip that, without the mortgage, I can afford to save more, work less, or spend more -- and I expect to do a bit of all three. But in our case we've already done all the heavy lifting over the last 20+ years WRT retirement savings. The "save more" will probably just...

I"m glad to hear you're enjoying your PT schedule! What does your 80% look like -- Fridays off? I'm considering that, or possibly 7 hours M-Thu and half-day Friday. Like you, 80% is just the first stop I'm planning on the downshift train. If it goes well (and if management is amenable), I...

Thanks man! Heck yeah, I'm a little giddy thinking about how the implications of no longer having the mortgage.

Thank you! It gives us a lot of satisfaction to have worked toward this milestone for almost 10 years, and finally see it come to fruition.

Mortgage update I usually do a yearly financial update in this thread in May. I plan on doing this again in a few months, but I wanted to interrupt your regularly scheduled programming to announce that as of yesterday we have paid off the mortgage! I'm keenly aware of the pay off vs don't pay...

| -- 2012 -- | -- [2013] -- | -- 2014 -- | -- 2015 -- | -- 2016 -- | -- 2017 -- | -- 2018 -- | -- 2019 -- Retirement| $500k | [$627k] | $755k | $884k | $920k | $1,088k | $1,272k | $1,377k Savings| $165k |[$142] | $120k | $105k | $90k | $76k | $67k | $50k Mortgage| $237k | $213k |...

Similar numbers here at the end of Q3: $1.7MM NW, $1.4 invested, $300k equity in primary residence. Even with mediocre market performance we should reach our FI goal in ~3 years at age 45. I'm a little envious of that $120k/year rental income though. Nice job!

$95k is a relatively small amount, so it really doesn't matter much what you do. Investing in something like VTI for 10+ years is likely to maximize your return. But if you'd rather not do that for whatever reason, then certainly paying off 4.25% debt looks better than getting 2% MM returns...

Recast/re-ammortization. Our P&I is about $1,700/mo, but because of previous past payments we could recast and the new P&I would be < $600/mo. We're considering doing this and continuing the same P&I + extra payments as we're making now -- simply to give us the option to dial back in the event...

Definitely! Looking back at our portfolio growth provides a nice counterpoint to a line from Stephen Stills' (arguably) best song: "Don't let the past remind us of what we are not now."

Thanks MIMH -- I'm glad you found this interesting! It's never too early (or too late) to start developing a plan. In fact the planning/dreaming/imagining part of FIRE is probably half the fun, at least for those of us to whom the journey is as important as the destination. It's definitely...

Thanks! I think we like our jobs enough to keep working at least part time indefinitely -- until we don't like the jobs anymore, or until something else comes along that seems like a more appealing use of our time. Yeah, I selectively check my balances frequently (when the markets are on fire)...

6 year update | -- 2012 -- | -- [2013] -- | -- 2014 -- | -- 2015 -- | -- 2016 -- | -- 2017 -- | 2018 Retirement| $500k | [$627k] | $755k | $884k | $920k | $1,088k | $1,272k Savings| $165k |[$142] | $120k | $105k | $90k | $76k | $67k Mortgage| $237k | $213k | $188k | $161k | $132k |...

Gotcha -- makes sense. Too late for me since my account is already open, but I can live with the 0.05% delta.

Weird! I opened my account last week and it was 1.15% at that time. I logged on today and it was 1.20%. After seeing your post I checked and it was still 1.20%. Maybe there are higher rates for higher balances?

Discover Bank Savings promotion Thank you for mentioning this! I just realized our Capital One account has been paying a paltry 0.2% (was 0.75%) ever since our balance dropped below $50k several months ago. $200 each is a pretty sweet deal, and the 1.15% rate is a nice step up from Capital...

I suppose the crux of the issue is that I've been the former for most of my life -- intense focus on retirement savings starting with my first job after college, plan to pay off 20 year mortgage in 10 yrs, etc. But now with the end in sight, it's tempting to take the foot off the gas and coast...

We have a couple deductions that phase out at our income level, and cutting back to an 80% work schedule lets us fully qualify for these. This results in a ~40% marginal tax rate if we include FICA. There are some fun ways of looking at an 80% schedule in this light: It's taking every Friday...

Earlier mortgage payoff vs earlier part time work Because ESR appeals to me -- and because FIRECalc shows we've saved enough to withdraw more than enough $$ in retirement -- I've been thinking about what it would take to start working part time a bit sooner. We currently spend every penny we...

Thanks for chiming in, SecondCor521. Full FIRE isn't on the table for me anytime soon, but I think I can reap similar benefits -- less stress, more schedule flexibility, and more quality time with my kids -- with a part-time schedule. Sometimes I regret that I won't be able to do so until I'm...

Revisiting ater 5 years I thought I'd take another look at these options after spending the last 5 years continuing to max out retirement savings. The table shows FIRECalc annual withdrawal amounts at 100% vs 95% success for a couple different savings rates. |--FIRECalc 100%--|--FIRECalc...

I almost put an 'Expenses' row in the table, but it's a little complicated. Our current expenses are much higher than I expect them to be in 5+ years. It goes something like this: |--2017--|--2020|--2021--|--2022--|--2025-- Projected Expenses--|$125k|$90k|$80k|$70k|$60k The reasons for the...