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Old 11-03-2017, 11:46 AM   #61
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Location: Henderson
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I adjusted the target age when I was in my early 30’s. When I hit the age, it was all smiles. The goal of 100% salary replacement was met sooner. When I hit the age, the money picture had been upgraded from a “print to a painting.” The posts weren’t NFL for me, I’m into NHL and the goal posts could be knocked off and put back on.
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Old 11-03-2017, 10:23 PM   #62
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Join Date: Jun 2004
Location: Diablo Valley (SF Bay Area)
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I wanted to retire at 50 when I would get not only my pension but also health care for life. I moved it back 2 years to 52 so that I could pay off my house before I retired. Then I walked out. After a few months I went back to work but for myself. I worked for myself for a few years until I was bought out. Then I worked for someone else for two years until I had enough. By enough I do not mean enough money, I mean I was really tired of the hostile work environment there. So I guess you can say I move the goalposts three times.

Initially:. Partial DBP + HC
1st: Paid off primary residence
2nd: Bought out
3rd: Fed up
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Old 11-04-2017, 07:13 AM   #63
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I'm targeting retiring before I hit 50 in 2020. Let's see if that happens. I don't have a specific number and any previously target number I likely would have hit already.
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Old 11-04-2017, 08:38 AM   #64
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I started a career late in life and set a goal to retire at 60.
Delayed that to 62 because of a very large stock option vesting at that time.
Like others who retired in 2010, the increase in net worth has been unexpected but welcome.
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Old 11-04-2017, 08:47 AM   #65
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Location: Austin
Posts: 354
Shortly after 2010, I set it at the summer of 2023. I don't think I will move my target, as it is not tied to any financial goal. It is when my younger kid goes to college.

I have a 10k day thread here to track my target.
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Old 11-04-2017, 08:59 AM   #66
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Location: Tampa Bay Area
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Originally Posted by DawgMan View Post
This sort of begs the questions which I didn't really pick up on the replies... did your projected RE budget/income go up/down/match your final expense/income years? From your earlier plans for FI, how much did your FI number change (i.e. 20 years ago you thought $1M was the number and now its $3M or projected desired income was $50K, but now it's $150K)? How much do you contribute to the creep vs just missing the mark?
I set a goal to retire at 50 when I graduated from college. I had no idea how much money I would need. When I was 40 I looked to see if I was "on track" but it was a disorganized attempt. When I was 45 I started to do real calculations. I was "on track" given the little education on ER that I had at the time. When I was 48 I started reading and realized I was very close to meeting my goal. I then set a withdrawal rate goal and got VERY serious about looking at what my potential budget should be. The budget moved ALOT over the next 2 years (upward - I was getting more conservative and overestimating lots of expenses in an attempt to develop "belts and suspenders"). At 50 I moved the post when I set a 3% initial withdrawal rate goal (down from 3.5%). I retired at 52. Not far off a goal that I set 30+ years ago !
"For the time being no discipline brings joy, but seems grievous and painful; but afterwards it yields a peaceable fruit of righteousness to those who have been trained by it." ~
Hebrews 12:11

ER'd in June 2015 at age 52. Initial WR 3%. 50/40/10 (Equity/Bond/Short Term) AA.
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