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Old 08-25-2021, 09:38 PM   #21
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Since I ER'd at 53 in mid 2019, I'm no longer saving however my wife still works and is saving in her retirement plan. If they (Vanguard and others) are correct in that we can expect lower return over the next decade of around 4-5%, I'm hopping my portion at lease stays even or only goes down slightly.
I am 43 single and no kids and have $563,630. Hope to reach $2M by 60.
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Old 08-25-2021, 09:46 PM   #22
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Rest assured, just about anyone posting here is better off than most of the world.

I count my blessings and keep a healthy perspective. The whole idea of FIRE is you are doing things on your own terms. That to me does not include worrying about how others do it.
You are 100% correct.
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Old 08-25-2021, 09:48 PM   #23
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I am 43 single and no kids and have $563,630. Hope to reach $2M by 60.
Keep living below your means and saving as much as you can and I'm sure you will hit it with no problem.
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Old 08-25-2021, 09:53 PM   #24
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Congratulations!
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Old 08-25-2021, 09:54 PM   #25
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Keep living below your means and saving as much as you can and I'm sure you will hit it with no problem.
Yes sir. Also, I feel like health isnít discuss much in our community. It should. Health is wealth including mental health.
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Old 08-25-2021, 09:54 PM   #26
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Congratulations!
Thank you.
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Old 08-25-2021, 10:46 PM   #27
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I just checked all of our accounts tonight and with this crazy market we hit a milestone and officially entered multi millionaire status at $2,069,004.72. I am 55 and the DW is 51 and years ago I always wondered what it would feel like to be a multimillionaire and now I know. Not one bit different ...
That is great, although what often happens is the market will go down....

And then you can tell people "I used to be a multi millionaire"
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Old 08-26-2021, 06:10 AM   #28
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Congrats! But what others have means nothing, unless you can spend their money.

We all have different amounts of net worth, different lifestyles, different expenses, so it makes no sense to compare. Quality of life is what matters, not net worth.
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Old 08-26-2021, 06:14 AM   #29
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There is only one question to ask - "Do you have enough for you?" What anyone else has is irrelevant.
Once I really figured out how much we could easily live on each month in retirement, it lifted a weight from my shoulders. It was definitely a transition for me, but I now understand that we have more than enough not to worry and that is enough for me. DH never worries about it all.
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Old 08-26-2021, 06:50 AM   #30
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Although it's nice to be able to compare notes on NW, living expenses, etc with other people, I find it more useful to keep a "diary" of data on myself & compare this over time.

We, for example, spend about $40-50k annually plus vacations (usually $10k or less). Over the past 4 years, our average growth /savings has exceeded the after tax earnings (including 401k contributions). Based on this, we are definitely FI. This is my personal important set of numbers. Just waiting for DW to share my optimistic views.

When we get to SS, then we will be on easy street.
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Old 08-26-2021, 06:50 AM   #31
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Rest assured, just about anyone posting here is better off than most of the world.

I count my blessings and keep a healthy perspective. The whole idea of FIRE is you are doing things on your own terms. That to me does not include worrying about how others do it.
+100

I couldn't have said it any better
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Old 08-26-2021, 07:20 AM   #32
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Although it's nice to be able to compare notes on NW, living expenses, etc with other people, I find it more useful to keep a "diary" of data on myself & compare this over time.
I agree. I believe one can more easily get into trouble by looking at what others have or spend, instead of figuring out what one's own needs are.
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Old 08-26-2021, 07:29 AM   #33
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I agree. I believe one can more easily get into trouble by looking at what others have or spend, instead of figuring out what one's own needs are.
& our last 4 year's spending includes a home remodeling project & car to increase spending by $40k & 17k in 1 year. I have future big spending, health events and home maintenance in my future spending plans. Adjusting for inflation & aging, of course.
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Old 08-26-2021, 07:30 AM   #34
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Congratulations. It felt anti-climatic for me too.

I try not to judge myself against other people. It'll only end in disappointment.
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Old 08-26-2021, 07:32 AM   #35
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Congratulations. It felt anti-climatic for me too.

I try not to judge myself against other people. It'll only end in disappointment.
Or confirming for us, almost identical to the OP... Except that we're still rolling on w*rk.
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Old 08-26-2021, 07:40 AM   #36
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My net worth doesn't even make it into my top 3 whether I am a success or failure. That was never my driving force in life. Playing the money game was just that for me. As it turns out I played it well enough for someone at a low salary career with no background in personal finance.


Cheers!
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Old 08-26-2021, 07:42 AM   #37
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As Montecfo said, it is perspective. You have done great saving up for your retirement. Now you have a plan to make it happen. Don't worry about others, you can only control what you have to work with. Your savings is currently way more than your budget needs, plus with your wife working it brings in income and reduced health ins costs. Be happy and grateful that you are in good financial shape.
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Old 08-26-2021, 08:04 AM   #38
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It seems that dividing net worth by your burn rate is a better number. If that's about how long you figure you'll hold out, all is good
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Itís a little funny actually..
Old 08-26-2021, 08:24 AM   #39
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Itís a little funny actually..

Most of my old friends from college have been very successful and appear to have made a lot more money than me. The thing is all are still working and I am retired. I am very happy and they appear to be also. Itís all about your goals and what is important to you.
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Old 08-26-2021, 10:27 AM   #40
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NW is relative.
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