Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Almost there!
Old 03-05-2021, 06:08 PM   #1
Recycles dryer sheets
 
Join Date: Jul 2017
Location: Southern California Area
Posts: 99
Almost there!

It's been at least a few years since I posted and I want to give an update. First, thank you for this forum, where I learned it's okay to retire early and no reason to feel guilty! My retirement date is March 31. NW is about $12m, AA at 55% equities (voo) with $200k a year in spending. So I'm ready to go!! The stress has melted and I'm looking forward to the next chapter. Thank you!
Toddtheformeraccountant is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-05-2021, 07:19 PM   #2
Recycles dryer sheets
Ready2Go's Avatar
 
Join Date: Sep 2017
Posts: 146
Congrats! Awesome feeling!
__________________
Retired: Feb 2021, age 55
Ready2Go is offline   Reply With Quote
Old 03-05-2021, 08:43 PM   #3
Full time employment: Posting here.
Whisper66's Avatar
 
Join Date: Apr 2014
Location: Houston
Posts: 957
Congrats, enjoy you're retirement!

Am curious about your feelings now that you worked several extra years, portfolio has grown from huge to very huge but your early post said you were bored with the job. Did that extra money make it worth spending these extra years at work?
__________________
"Learn everyday, but especially from the experiences of others. It's cheaper! " - John Bogle
Whisper66 is offline   Reply With Quote
Old 03-06-2021, 01:06 AM   #4
Recycles dryer sheets
 
Join Date: Jul 2017
Location: Southern California Area
Posts: 99
Hello whisper66, thank you! And that's a great question. I would have to say, was it worth working an extra three years basically? Well, I got caught up in wanting to do the "right thing" for the company combined with them paying me much more for staying in the transition (which I will be honest was an ego boost). whether it was worth it, that's not something that I could really answer definitively until I'm on my deathbed... But I would honestly say, most likely, no it was not worth it. We will not (and won't need to) spend any more in retirement than we would have had I retired three years ago. So with all that, I'd say, no it was most likely not worth it.
Quote:
Originally Posted by Whisper66 View Post
Congrats, enjoy you're retirement!

Am curious about your feelings now that you worked several extra years, portfolio has grown from huge to very huge but your early post said you were bored with the job. Did that extra money make it worth spending these extra years at work?
Toddtheformeraccountant is offline   Reply With Quote
Old 03-06-2021, 03:50 AM   #5
Recycles dryer sheets
 
Join Date: Apr 2016
Location: Coastal CT
Posts: 228
Congrats ...that's a fat nest egg. Go and enjoy yourself.
Flyfish1 is offline   Reply With Quote
Old 03-06-2021, 04:20 AM   #6
Recycles dryer sheets
 
Join Date: Nov 2020
Posts: 58
Congrats! That's quite the nest egg relative to planned withdrawal rate. Enjoy!
srblanco7 is offline   Reply With Quote
Old 03-06-2021, 07:55 AM   #7
Full time employment: Posting here.
Whisper66's Avatar
 
Join Date: Apr 2014
Location: Houston
Posts: 957
Quote:
Originally Posted by Toddtheformeraccountant View Post
Hello whisper66, thank you! And that's a great question. I would have to say, was it worth working an extra three years basically? Well, I got caught up in wanting to do the "right thing" for the company combined with them paying me much more for staying in the transition (which I will be honest was an ego boost). whether it was worth it, that's not something that I could really answer definitively until I'm on my deathbed... But I would honestly say, most likely, no it was not worth it. We will not (and won't need to) spend any more in retirement than we would have had I retired three years ago. So with all that, I'd say, no it was most likely not worth it.
Thanks for that response. I was very curious. My wife had a major health scare when I was 54. I decided to retire at 55 a couple months later. Basically retired the first day I could collect my lump sum pension from work. We have many folks that advocate using conservative assumptions and targeting 100% success in Firecalc before retiring. If I did that, I would have worked several more years. I decided to be much less conservative. I still ended up with more than enough in retirement (6 years retired now). That money has allowed my wife and I to yearly gift money to our kids and donate to our favorite charities. Probably more importantly, we've run into a couple cases where good people we knew were in deep financial staits and we able to quietly step in and help them get back to being finanically stable. It's been a good ride so far and we are thankful to be in this position. I wish you the best in retirement, enjoy the ride!
__________________
"Learn everyday, but especially from the experiences of others. It's cheaper! " - John Bogle
Whisper66 is offline   Reply With Quote
Old 03-06-2021, 08:40 PM   #8
Recycles dryer sheets
SloHan's Avatar
 
Join Date: Aug 2017
Posts: 456
Congratulations on your retirement!
SloHan is offline   Reply With Quote
Old 03-07-2021, 12:50 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Koolau's Avatar
 
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,794
Congratulations!

Only curious, but at your spending level, do you still need 55% equities? My portfolio is much smaller than yours (but I have "enough"). Based on my withdrawal rate, I only keep between 30 and 35% in equities - believing I've already "won the game" so to speak. I have no reason (other than inflation) to increase my NW (and yet I HAVE increased it quite a bit - even at 30+% equities in the past 15 years since FIRE.) We plan to leave our estate to charities (kids, we'll take care of while we're alive.) I'd rather insure losing less with the understanding that I'll probably gain less in my portfolio. No criticism intended, but curious about the philosophy behind your strategy. In all cases, YMMV.
__________________
Ko'olau's Law -

Anything which can be used can be misused. Anything which can be misused will be.
Koolau is offline   Reply With Quote
Old 03-07-2021, 01:40 PM   #10
Recycles dryer sheets
 
Join Date: Jan 2021
Location: Northern California
Posts: 326
Congratulations! That's terrific.

I looked back at your intro from late 2017 post and see similarities, as you delayed a bit as well (but you are now further ahead). Any wisdom to pass on that you learned by hanging around for a few more years? Anything you wished you changed or did differently?
oiseux is offline   Reply With Quote
Old 03-07-2021, 02:09 PM   #11
Thinks s/he gets paid by the post
Finance Dave's Avatar
 
Join Date: Mar 2007
Posts: 1,854
Congrats! Have some eggs, bacon, and toast in the fridge for that first "non w*rking" day you wake up!
__________________
"Live every day as if it were your last, and one day you'll be right" - unknown
Finance Dave is offline   Reply With Quote
Old 04-13-2021, 06:43 PM   #12
Recycles dryer sheets
 
Join Date: Jul 2017
Location: Southern California Area
Posts: 99
Quote:
Originally Posted by oiseux View Post
Congratulations! That's terrific.

I looked back at your intro from late 2017 post and see similarities, as you delayed a bit as well (but you are now further ahead). Any wisdom to pass on that you learned by hanging around for a few more years? Anything you wished you changed or did differently?
No real wisdom to be honest....as I look back on it, it probably was not worth working the extra 2 - 3 years, but it did end up fattening up the portfolio quite a bit, and because of COVID, I worked mostly from home, which was a heck of a lot nicer in the transition than being at the office, given that as my replacement came up to speed my work level dropped substantially. If I was in the office at the time, I would have just been drumming my fingers bored...but given I was at home, I could just take a nap or hit the backyard!
Toddtheformeraccountant is offline   Reply With Quote
Old 04-13-2021, 06:44 PM   #13
Recycles dryer sheets
 
Join Date: Jul 2017
Location: Southern California Area
Posts: 99
Quote:
Originally Posted by Finance Dave View Post
Congrats! Have some eggs, bacon, and toast in the fridge for that first "non w*rking" day you wake up!
THanks Finance Dave! I’ve now been retired 10 days....loving it. Not ready to unretire yet!
Toddtheformeraccountant is offline   Reply With Quote
Old 04-14-2021, 01:36 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Apr 2015
Posts: 5,800
Congratulations!
Isn't retired life wonderful?
__________________
Give a Man a fish, he will eat for a day.
Teach a Man to fish, he will eat for a lifetime.
pacergal is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Hold On Dear - We're almost there MasterBlaster Other topics 16 03-04-2011 03:31 PM
Hi there! Just here-and almost gone! Bikerchick Hi, I am... 4 10-29-2009 06:52 AM
Almost famous for almost a day Marquette Other topics 1 06-17-2008 09:08 PM
Hi-Almost there... Medit8 Hi, I am... 10 07-20-2007 06:50 PM
almost there... ladelfina Hi, I am... 6 12-11-2005 11:43 AM

» Quick Links

 
All times are GMT -6. The time now is 09:03 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.