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Old 12-27-2014, 06:52 PM   #61
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Like others on this thread, the urge for FI and RE came to me at different times.

The pursuit of FI was early. I think it was around the time that I got my first paycheck. The idea of relying on others for my livelihood never rang true to me. LBYM, lost cost indexing, marrying well, etc. all followed.

The urge to RE was about age 40 or so. I had been fortunate that my passion was my profession, so RE was not about running away from a boring job. However, as I grew older I started to feel the opportunity cost from this single-minded pursuit of a career.

So here I am. FI and on the edge of RE.

- Zorba
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Old 12-28-2014, 03:04 PM   #62
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From my early teens, maybe even earlier, I have dreamed of being both FI and RE'd. My family could not conceive of either.

Wall $treet Week with Louis Rukeyser was regular weekend viewing for me long before I could drive. (I only wish I had taken some of the lessons about time in the market to heart back then.)

Luckily, I did not follow some of the things which sounded like good ideas a bit later; I specifically remember thinking that Wealth Without Risk by Charles Givens had a lot of good ideas back when I was an undergrad. This was probably the first book I read which proposed RE long before late 50's early 60's as being a real possibility. And, I do appreciate that bit of insight.
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Old 12-28-2014, 03:42 PM   #63
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As long as I can remember. Since I was a child.
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Old 12-28-2014, 04:11 PM   #64
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I seriously began considering ER when I was 50 but I realized I needed to continue to work until 55 in order to get full retirement benefits at mega corp. So once I made it to 55, the DW and I talked and agreed I would stay until I was 57.5 even though we were already FI. There was just to much money on the table to ignore (e.g. golden handcuffs) Before I knew it, I was talking myself into another year and then another (just pure greed). Finally, retired at 60. Not sure I'd call that early but that's what can happen with the OMY syndrome and greed (YMMV)
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Old 12-28-2014, 04:15 PM   #65
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I was about 33. Got my first taste of stock options and realized that if I kept this up and continued advancing my career I could be done at 50. Could have gone at 49, and almost did, but got talked into one more two year contract. Finally pulled the plug just after my 51st bday. Best thing I ever did was get serious about saving!
FIRE'D in July 2009 at 51...Never look back!
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Old 12-28-2014, 04:59 PM   #66
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About 57. That was when: it was clear I was FI, my j*b was no longer fun (it was for many,many years), mega-corp handed me a mini-p!iss-off that I didn't have to put up with any more.
I'm not crazy. Honest, the judge had me tested.
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Old 12-29-2014, 01:28 PM   #67
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Late 40s for me. My father and grandparents all worked into their 70s, mostly because they owned their own companies and loved what they were doing. So retiring at 65 seemed "early", relatively speaking. And was always so far away, that I never thought much about other options.

But by my late 40s, a few things started to happen. I was starting to get tired of my megacorp j*b. And the few friends I knew who were retiring early started doing so at younger and younger ages. When someone retired who was my age at the time (48), I figured I should look into it. Turned out with a few tweaks, like increasing my 401k contributions from 5% to 12%, I could be FI earlier than I thought. Which just made me want it even more

Wish I had been more focused earlier, but such is life.
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Old 12-29-2014, 02:32 PM   #68
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25 for me, 24 for DW. We started maxing available retirement contributions (as noted above, $2000 IRA, whoopee!), with view toward retiring at 50--never really thought about FI independently, as we saw them as flipside of the same coin. Continued maxing all available accounts over the years (save for nondeductible IRAs after a few years)

FIL retired at 59 not too long after that, which reaffirmed it. (recent holiday visiting with In-Laws as they continue to enjoy retirement in their mid-80s was nice!)

Kids, with 15 years of one real income, pushed the goal line back, but we are closing in for a mid/late 50s retirement, in just a few more years. :-)
OMY * 3 2ish Done 7.28.17
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Old 12-29-2014, 05:37 PM   #69
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I can't remember when. That's proof enough that I need to retire. My brain cells are decreasing and I can't hold much/new information without letting the old ones go.
I did it .... my way.
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Old 12-29-2014, 05:50 PM   #70
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Started serious saving/planning in my mid to late 20's, went to see a financial advisor and told him that my aim was to get out at 50. He told me to spend all my money and 'live' my life, I told him that when I'm retired I will be able to 'live' my life. His attitude was work until you drop, screw that! My plans have come together rather well, should be out at 52.5
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Old 12-29-2014, 08:51 PM   #71
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I am 30 now. I've focused on FI since I was about 25. RE is something that has interested me since about 29. My hope is to reach FI by 40 and possibly RE at that time too. It's a cliche, but the best things in life are free. All I really need is an accessible library and family and friends nearby. Throw in an occasional vacation and I will be very happy. For me, once my minimal expenses are covered (40k/year not including health care), there is no reason to keep working. Life is too short to spend it working for material stuff. We are off to a good start. Paid for house and no debt. Net worth is $750,000 and we are saving $75k/yr.

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As With Others, There Were Several Times....
Old 12-29-2014, 10:09 PM   #72
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As With Others, There Were Several Times....

Mid-Thirties: Juggling the grading of reams of essays, rearing young son with special needs, husband diagnosed with incurable (hereditary) lung condition, financial pressures of living in the SF Bay Area

Early Fifties: Even though DH and I max out 401K's and Roths, I purchase ten years of STRS service credit, we LBYM and save aggressively, it looks like retirement can't happen until mid-60's, at best. I plan to teach full-time to put DS through college. Meanwhile DH's health continues to deteriorate.

Mid-Fifties: DS decides college is not for him; he'd rather pursue a job that doesn't require a degree. With sad hearts, we support his efforts to move in that direction. Fortunately, with his good work ethic, people skills (plus a solid K-12 education, much of it in private schools), AND his optician wife (with an excellent head on her shoulders, plus a business degree), DS seems to be progressing just fine.

So, the good news for me was that, while teaching another 4 years (and waiting for him to change his mind and return to college), he insisted it would not happen. So the college $ went straight to our retirement funds.

DH's health continued to decline. So he went on SSD at 62 and I retired at 59 (3 yrs. earlier than expected).

Have never regretted it.

(Plus, DS revels in his earnings at a local Buick dealership where he is a service writer. He enjoys my reminders that -- at 26-- he is earning more per year than I ever did as an English teacher.) And, fortunately, he listens to his wife. They are funding 401K's/Roths in their twenties.

Now, if he would just curb his trips to casinos......but that's for another thread.
"Everything becomes more itself." --C.S. Lewis
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Old 12-30-2014, 12:52 AM   #73
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I guess I have always thought about FI, but only recently thought about ER.

At age 42, in 1999, I thought FI could happen within ten years. The market correction of 2000 changed those calculations.

At age 50, in 2007, I started my FI worksheet and thought FI was within five years. Well, the stock market of 2008 changed those calculations.

Now at age 57, in 2014, after five years of market gains and ten years of extreme saving, FI is within sight and ER planned for June. The next market correction will not change the plan.
ER'd 6/5/2015 at age 58. DW retired 6/18/2021 with small pension and SS. Planned WR before my SS (2022-2026) is 4-5%, then we will start my SS and a lower WR at age 70 (2027)
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