Class of 2020

[Out of Steam]

Even a couple of months ago, I thought I was in the class of 2020. Looking more and more like 2019, as I don't see staying in my current job any longer than necessary.

 

[bUU]

Dates are finally starting to firm up for us as well. 2020 for my spouse and increasingly it is looking as if it'll be 2022 or 2023 for me, though it'll be my employer who invites me to stop getting paid, not me.

 

[atmsmshr]

Sign me up for 2020!

I will turn 59 that March and pocket last bonuses that month.

DW and I expect both kids to be fully launched into the world by then.

Goal is $2M assets, part of which is cash pension with annuity option. Earned a medical pension last year which is a big help.

 

[DAYDREAMER]

My original plan was to ER in 2020 at age 55 due to pension availability. Megacorp opened the door with a Voluntary layoff last year that preserved the ER pension rights and retiree health care, so I leaped at the chance. DW is leaping at the VLO in 8 days! We have been blessed to have worked at an awesome company, had the discipline to LBYM, and avoided major life calamities. DW and my next life chapter starts in 8 days. Pride is gleaming from ear to ear!

 

[retire2020]

I love these updates. i wasn't around to see you start your journey, glad i could catch up . After this post election rally you might be knocking on the door to 3.5M.

There was a re-org and pay cut for me last July so I decided to leave and retire. 12/1/2016 was my last day at work. I did not get to 3.5M but instead retired with 3.1M.

All the best to Class of 2020. Here is my final update on the NW.

12/01/2016 3100K........................RETIRED
09/06/2016 3000K
07/12/2016 2905K
06/19/2014 2804K
03/06/2014 2711K
10/22/2013 2600K
09/11/2013 2500K
03/01/2013 2391K
12/31/2012 2206K

 

[Blue Collar Guy]

There was a re-org and pay cut for me last July so I decided to leave and retire. 12/1/2016 was my last day at work. I did not get to 3.5M but instead retired with 3.1M.

All the best to Class of 2020. Here is my final update on the NW.

12/01/2016 3100K........................RETIRED
09/06/2016 3000K
07/12/2016 2905K
06/19/2014 2804K
03/06/2014 2711K
10/22/2013 2600K
09/11/2013 2500K
03/01/2013 2391K
12/31/2012 2206K

Awesome, you have arrived, congrats.

 

[phil70]

I'm officially throwing my hat in the ring. I turn 50 in May 2020. DW is older than me, and a gentleman doesn't tell his wife's age, but she will still be able to call herself "early-retired."

Should have a decent pension from DW's employer kicking in in 2024, hopefully $2.5+mm in liquid assets by that time and projected spending of around $100k, which will leave plenty of cushion for luxuries. Hope I'm not jinxing myself by making this official. EDIT: DS will still have 3 years of college to go by then, but should be manageable with our savings.

 

[ugeauxgirl]

I'm going at 48- mostly. Company will pay me to consult for 18 mo and I will get 4 years (reduced) pay but very little responsibility. The real reason I am staying is for access to co healthcare. We are at 2.1 mil now and spend 60-70 k per year. We also have 2 kids who will be near college age after I quit but we have plenty saved- not incl in net worth numbers. Husband says he will continue to work part time but I suspect he will slack off quite a bit.

 

[lampshade]

This will also be my year! Hopefully, it will be August 2020 if all goes well. At that time I will have been working 45 years. Enough.

 

[fired_up]

35 months and counting!

 

[gamboolman]

Not sure if I would be class of 2020 or 2019 ?

I think 2020? My last day of work for retirement benefit years of service will be 31-Dec-19.

First day of retired life will be 1-Jan-2020....

So I guess that makes me a member of the 2020 Class

 

[wmackey]

Was planning on this year (2017), but life happened and am now looking at mid - 2020 based on healthcare.

 

[SD_2019]

I’m looking at mid 2020 ER.

 

[CaliKid]

I am still planning on 2022 but I hope to at least work a lot less by 2020 and who knows maybe I'll pull the trigger early and join y'all.

 

[retire202052]

Aiming for January 2020 myself at age 42, DW would be 39. Hoping to hit FI in late 2019. Whether I fully retire or semi-retire depends on a lot of things - first, getting FI, then what DW and I do regarding a family.

Either way, the goal stands: FI by January 2020. ER? A man can dream!

Haha....had to laugh when I read this. Wonder where this guy is now. Funny how kids, mortgage, college, etc. can change your plans

 

[REWahoo]

Haha....had to laugh when I read this. Wonder where this guy is now. Funny how kids, mortgage, college, etc. can change your plans

He's still posting on the forum so you can send him a PM and ask.

 

[bobfnbw]

me too....

May 1st, 2020 is the date. I turn 62 on May 3rd and don't want to work on my birthday!!!
Reading up on things now. Reading "How to retire happy, wild and free" now.
My plan is a 40 foot sailboat and to sail to places that interest me. Wife may come, maybe meet me at places she likes. We will see.

 

[ugeauxgirl]

Somebody tell me I can make it two more years. My industry had a huge law change this year which has quadrupled our paperwork and resulted in all kinds of new rules and regulations and restrictions on what we can do. Also a new computer system that no one can get used to. I called the help line yesterday- (this is 8 months after the new system was installed) and I was #24 on hold and the message actually says that if you are on hold after 7 to hang up and call again tomorrow.

Today I had to call a client (whom I am very fond of and whose family has had an account with me for 10 years or more) today and tell them that thanks to new regulations I can no longer handle their account. My job, which I used to love has become a giant PITA. I don't want to do this anymore.

 

[ugeauxgirl]

18 months to go- or 538 days. Anyone else getting close? Going to retirement meeting at MegaCorp HQ in October. I actually had to get clearance to go, because someone in HR was under the impression I had to be 50- thankfully (I think) they were wrong. The numbers look good- so good that if HR had said I was ineligible for the retirement pkg at 48 I was just going to resign. I can't decide whether or not I'm disappointed.

I'm in a better place- Law change in industry got scrapped and with it most of of the useless paperwork I've been doing for the last year. I get to do my job again which is nice. DH got offered a job, (he's doing consulting work now) and while he was flattered by the offer, it would have meant a 9-5 job, which he hasn't held in at least 20 years. He's a little too used to taking off when he feels like it. Thanks to our financial situation, he's been fishing a little more and working a little less, and he doesn't want to change that. Plus we travel a lot. He could actually refuse more jobs, but he's still getting used to the idea that he doesn't HAVE to. Anybody else beginning to see the light at the end of the tunnel?

 

[Bigdawg]

joining 2020

I was originally in 2018. For reasons other than financial (mostly) I have postponed until 2020. DD just returned from a year in Australia (internship) and is heading to Dublin Ireland for grad school next week. DS popped the question and now we have a wedding planned for Sept of 2019. House is being torn down in October with a new one being built in it's place. Estimated completion of May 2019. I turn 55 in 2020 and although I shouldn't need access to my 401K it will be nice to have that option. The plan is to work full time in Jan-Mar of 2020 to fund 2020 401K and catchup. In late March/early April I will go to 30 hours per week and see how that plays out. Customer is already on board. Probably go down to 20/hours per week later in 2020. Funds(MM/CD's) are in place to cover 55-59.5 with a 2K/month draw. Additionally pulling 700/mo for contract for deed and 10k/yr sports officiating. Basically just moving from FIRE+ to FAT FIRE. DW wants to work until at least 2026(55 for her). She may change her mind after I am out of the work force. Best of luck to all of the 2020 class.

 

[MI-Roger]

My official Retirement Date will be approximately January 10, 2020. My last day of work will be approximately Dec 13, 2019.

I will be 63-1/2 and my wife will be nearly 61, although she will likely retire in June of 2019.

Retirement Assets will be close to $2M. Kids have all completed Grad School (two JD's, a MD, and a PhD) and are doing well.

I will have no pension and no decent post-retirement health care despite working for over 40 years for very large companies (the world's largest for many years) due to a decade of continual benefit reductions. DW will receive a $7k annual pension and excellent post-retirement health care requiring a co-pay toward our premium.

We will be fine. Between Annuity benefits, SS benefits, and her small pension, our monthly income will be higher than what we make now working!

 

[dcoy]

Putting a stake in the ground, 2020 is my planned retirement date from Mega Corp. I will likely do something part time or with a much smaller organization as I still have two little kids at home and a DW (doesn't work), but I hope to leave the stressful grind behind in 2020.

 

[albireo13]

I was on the 2019 list but I'm pushing out to 2020 to scrape up a few more bucks to help kids in college.
I am picking April 1 as my last day! : )


That is right after the annual profit sharing handout and just before the nice weather starts here in New England.


I will be 64 by then. Time to divorce MegaCorp.

 

[Perryinva]

May 1 2020 is the plan. Will be 62 +3. DW will 67+5. Ready to go now. Just greed and fear holding me back. Every month adds about $50/mo increase in income. Too hard to pass up so far.

 

[bada bing]

I'm definitely going in 2020, if not before. There is an outside chance of a package offer before then, but most likely not. I'll go when I get FICA paid for the year and the 401K maxed. Probably September. That will give me a full 35 year FICA at the cap. I'm a savings piker compared to some of the stars here on the forum, but I'll have a max'ed SS record, a modest company pension and retiree medical. I'll go at age 61, so my nest egg just has to support me totally until 70 when SS and pension will mostly suffice.

The two year count down has begun Good luck to the other 2020 entrants