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Old 02-10-2021, 11:23 AM   #81
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Thanks for starting this thread. Planning to retire in 2031 @ 59.
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Old 04-07-2021, 07:08 PM   #82
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Join Date: Feb 2014
Posts: 73
As an update DH jumped ship and started a new job. New budget. It's an interesting transition to living on what I think would be our FIRE budget. Has it worked? Yes. But I think if we weren't saving for "retirement" it would be really comfortable. We have enough to fire now if we lived on this budget I believe.
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Old 04-08-2021, 06:45 AM   #83
Confused about dryer sheets
 
Join Date: Jan 2019
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I want to jump on this bandwagon. My original plan was to FIRE at 55 yo, but I may have to move that up. I will subscribe to 2030. Currently have $2.4 in ivestable assets. Want to get to $5mil to feel comfortable.
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Old 04-08-2021, 01:40 PM   #84
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I would like to join as well. Tax advantaged accounts (including 529 and HSA) is around 390k. The rest is about 455k. My goal is to have 4MM by the end of 2030. I am optimistic and single.
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Old 04-09-2021, 04:16 PM   #85
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I'll join the fun

July 2029 is the plan for me @60
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Old 04-10-2021, 07:35 PM   #86
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Definitely on board with this one! Ideally even earlier.. Sitting with ~$900k investments and hopefully able to bring that to about $2.5 - $2.75MM. Awesome to see yearly dollar growth at this stage.. only gets better!
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Old 04-10-2021, 08:58 PM   #87
Confused about dryer sheets
 
Join Date: Aug 2020
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Exciting thread.. -
May 2029 is my date @60.. may push to May 2030 (drop dead date) for DW who is 2.6 years younger.
Currently, 1.5MM in tax deferred. 170K mortgage remaining on 600k house. Emergency funds - 2yrs. DW will have pension (need to make decision on lumpsum or annuity in 2027). Older child finishing her Bachelor's degree this year and has job offers.. younger one junior in high school.
Goal - Appr 2.8MM by 2029/30.
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Old 04-14-2021, 08:35 AM   #88
Confused about dryer sheets
 
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Just joined to post in this thread. Recent life events and the pandemic have made me realize I'd FIRE today if I could. I hope to FIRE by 2030 at 41 with $5m. Currently have ~1.4m investable assets with plan to invest $70k/year. I plan to cash flow college costs for the 1 and 2 year old if their brokerage accounts don't cover costs. Just put an offer in on 1st rental property hoping to diversify and create an additional stream of income beyond DW and my salaries.

I'm excited to take this journey with everyone!
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Old 05-10-2021, 09:02 AM   #89
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Hey Everyone. Hope you are doing well. This market is screaming and has been fun to watch. Like everyone cautiously optimistic but for now enjoying the ride. Thought I would give an update on my end.

I did purchase a rental property a year ago and of course my 10k renovations ended up being 45k. I was able to write half of those off. The monthly rental income is good but learned a few valuable lessons along the way. Good thing is the value of the property went up significantly. My plan is to buy 3 or 4 properties to offset some of my income in the future.

The market has pushed my assets just above the 2 Million mark not including paid off primary & rental. Work stress is enormous and still trying to find a balance. I am 46 with a 20 month old. I figure i will need to get to 4 Million to hang it up. After 3mill I will need to really take a look at if the stress is really worth the extra comfort. Until then, grinding away, focusing on the positives and the things i can control. Please continue to post. Love to hear everyone's progress and share the journey! Have a great week!
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Old 05-10-2021, 09:09 AM   #90
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Quote:
Originally Posted by Life_by_Fire View Post
Just joined to post in this thread. Recent life events and the pandemic have made me realize I'd FIRE today if I could. I hope to FIRE by 2030 at 41 with $5m. Currently have ~1.4m investable assets with plan to invest $70k/year. I plan to cash flow college costs for the 1 and 2 year old if their brokerage accounts don't cover costs. Just put an offer in on 1st rental property hoping to diversify and create an additional stream of income beyond DW and my salaries.

I'm excited to take this journey with everyone!
Welcome Life by Fire. You are killing it! Hope the rental project is going well.
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Old 05-10-2021, 11:04 AM   #91
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Thanks for the update hilltide. The markets (financial and housing) have been good of late for sure. My first post on this thread back in 2018 we were sitting at ~$800K in investments (excl home) and today we are over $1.5MM. Feels like the portfolio is now the work engine vs. our contributions. I do think the goal posts for us are moving out though...was aiming for $2MM, but think $2.5MM to $3MM feels like the "number" now. Thanks to the market returns, getting to our number isn't this faraway goal...it is still a ways down the road, but I can finally see it come into focus now.
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