Share your FIRE Milestones - 2013- 2020

[DyNess]

Greetings!

Greetings All!

I needed a non-personal outlet to share.

Milestone: $250,000

Taxable: $160,000
Roth IRA: $ 29,000
TSP: $61,000

Thank you for all of the great reads!
~DyNess

 

[laurence]

Greetings All!

I needed a non-personal outlet to share.

Milestone: $250,000

Taxable: $160,000
Roth IRA: $ 29,000
TSP: $61,000

Thank you for all of the great reads!
~DyNess

Congrats! It's easy to see the people who've hit 3-4 million here and not give yourself enough credit but this is huge. I think the majority of older Americans don't even have 100k, you've reached a huge level of financial independence in that you aren't trapped or living paycheck to paycheck. Freedom at all levels tastes good!

 

[DrRoy]

As of last night's close, it put my portfolio up to a new high, of ~$1,062,500. That breaks my previous record of ~$1,055,000 set back in May of 2015.

I had just tweaked out a new portfolio high at the end of April vs last May also, so yesterday was another new high by 1.1%.

 

[splitwdw]

Greetings All!

I needed a non-personal outlet to share.

Milestone: $250,000

Thank you for all of the great reads!
~DyNess

DyNess, Congratulations!

I had just tweaked out a new portfolio high at the end of April vs last May also, so yesterday was another new high by 1.1%.

DrRoy, YAY!

Here's hoping for a great year for all of us.

 

[TrophyHusband]

Reached a Net Worth in excess of $2M. Actually this is the third time we've reached this milestone.

First was just before New Years, then the markets contracted in January.

Did it again in March, then one of our stocks (NFLX), took a 30% hit after a less than stellar earnings report.

And now, end of May, as both the general market and NFLX has recovered.

Hopefully we'll stay above the $2M threshold to stay.

 

[Dreaming of Freedom]

We hit several milestones the past two months: I turned 40, my net worth hit $350,000, & my savings excluding pension contributions hit $250,000. I now own more than 50% of a future rental house, and the combined retirement savings with my S.O. hit $1.25 million, which was our original FIRE goal. The fear of unaffordable healthcare has driven our "number" up between $1.35 & $1.45 million. Combined net worth crossed the $1.4 million mark today. As of May, I have been saving for retirement for 10 years. Last but not least, this summer I will finally pay off my undergraduate student loans. If this is what they mean by the snowball effect, I am lovin it! Now if we could only find decent, affordable, portable health insurance in retirement; current cobra premiums would run us $15,000/year + $2,600 deductible which is more than half of our current living expenses. Ouch!

 

[jollystomper]

On 5/31 hit another "$100K" milestone - total cash+investments reached $1.9M for the first time. It will be interesting to see if it makes it to $2M by my planned retirement date (HA!).

 

[54andchange]

Go figure...6

Net worth passed 1 Million today. Planning to FIRE in three years at "54 years and change" everything, if portfolio portion of net worth stays on track for a modest relocation to a lower cost location, likely Kentucky or Tennesse.

 

[tripods68]

We just reach $500K in Net Worth at the end of May. We still have a long ways to go. Our goal is to reach $1.25K investable asset target goal. With 70/20/10 allocation equity/bond/REITs hope to get there in 10 years maybe less. We are maxing 401/457 + ROTH this year.

 

[timo2]

Since DW hit ER Jan 1, today we signed a contract to sell the house (we've already moved to a rental house). Will stay in the rental house until retirement in a year or two. Rental house is 2 miles from work instead of 57 miles from the house I just sold. We are on the glide path to retirement.

 

[pacergal]

Def Comp program at work FINALLY partnered with Vanguard. Just transferred entire amount over to 4 low cost index funds. Hate to think of the fees I have paid for the last 30 years, but at least heading into and while in retirement, they will be much less!

 

[kgtest]

Def Comp program at work FINALLY partnered with Vanguard. Just transferred entire amount over to 4 low cost index funds. Hate to think of the fees I have paid for the last 30 years, but at least heading into and while in retirement, they will be much less!

Wise move.

 

[Taxman59]

It seems fitting that at 5pm tomorrow, a Friday, I will celebrate my one year retired date/time!! I plan on celebrating with DW with a dinner after I send an email to former co-w*rkers reminding them of the anniversary !

I have had a few days in this past year when I have questioned my decision, but when think about it, that was the best decision I have made since I proposed to my GF 31 years ago (our 30th anniversary is in July!). I am not as active as I would have liked to be, but there have been some impediments. We have travelled and have more on the way, I have been able to be there for DW when she wasn't able to get around after breaking her leg (we would have had to hire someone for about 3 weeks if I was still w*rking). We have been able to drop and go visit our 3 sons when we wanted or they needed us. I would do it all over again without hesitation.

 

[kgtest]

35yrs of life milestone

Bday is this weekend and I will be 35, I suppose that in itself is a milestone itself. Been reporting to SSI for 19yrs now since I was 15.

Milestone1: I'm alive
Milestone2: In those measly 19 years SSI reports $581,383 or avg salary of 30,600/yr
Milestone3: Investable assets closed over 100k for the second time this month so we are calling it a milestone reached to have 100k invested in this fickle and exciting market.
Milestone4: Residential RE equity has cleared 250k, own 80% of a Townhome and 10% of my home. Which leads me to a cool milestone...
Milestone5: I have a networth of $350k at 35, or 10k/every year I've been alive


How did I do this...
Well from 1997-2007 I was all cash, then from '07 to now I bought/sold/retained four properties and invested my 401k + MegaCo Match, and Roth when I could.

To be honest I've only actually had 48 sporadic contributing months where I put into the market... and I had some sporadic gifts along the way from family that I also shoved in during the past 7yrs. Not a lot about 20k.

which leads me to some obscure milestones:

Milestone6: blessed to be knowledgeable and not react to fear like some investors
Milestone7: Since I switched from carpentry to IT in '07 my avg salary per year has gone up to 63k/yr over the past 10yrs
Milestone8: I cleared 100k salary by 35
Milestone9: albeit a bit late, tnx to ER.org I discovered that being in 80% BONDS during the '09 market recovery is bad unless I am about to die,
Milestone10: I've lived in 7 different cities, travelled to 9 different countries and over 20islands and countless cities, closed 6 Real Estate deals, including 2 commercial txn
Milestone11: Created a little tax deduction

Future Milestones:
Future1: ER via FIRE by 50 with over 2MIL and 3 RE
Future2: Buy another RE perhaps @Senator will be MN nice and entertain a cash offer from me for something in his portfolio...I live in Twin Cities and it may make a lot of sense
Future3: Have more little tax deductions, while maintaining LBYM w/o sacrificing QOL and investing wisely but aggressively in US markets.

 

[43WorkYears]

Thank you for the well-wish.

About that HSA, for a few years now, my wife made a monthly payment to the health insurer, and it was for both the premium as well as the HSA portion. I always treated this as an expense, and did not realize how much that HSA had grown. It was only when my son who was on our policy last year was hospitalized that I asked my wife about that account. I was astounded when my wife said it was close to $40K.

After 2 years of meeting the $10K annual deductible, I would hope for a break next year. At this point, if this HSA is depleted, paying out-of-pocket from my cash account is absolutely not a problem, but the fact that my state of health requires that kind of healthcare would be the real concern.

I am grateful that while going through a difficult time with the health issue, I do not have to also worry about potential financial ruination, as many people might have. The issue is for me to stay around to spend some. I never thought I was going to live to the 80s, even back when I was in perfect health. And now, I have a sudden health issue, at still a few more years before I can even claim SS. My more frugal wife would not know how to spend some "real money", if I am not around.

Should I have included this HSA in Quicken? The correct answer is yes, and it is not too difficult to do. But as the HSA has become a depreciating asset the last 2 years, perhaps I do not care to.

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[gomo]

Four years of FIRE today and going strong!!

 

[highlow65]

to kgtest, congrats you are doing so much better than most and if it takes you a few more years than planned its ok, keep plugging and you will be better than fine

 

[highlow65]

surferlife, while being young in your field you are one of the older guys, don't be afraid to pass on some knowledge to the younger guys. I was army for four years and saw so many people just completely wasting their $$, I had a 03 CO who tried hard to influence people to save and it worked with me, You are in a position to influence others

 

[rodi]

FIRE milestone today... Put in the forms to turn on my pension the month after I turn 55. It's actually 2 pensions - both frozen a long time ago and very small... But added together they add up to $5500/year. Woo hoo. That's more travel money... or perhaps lower my WR from 2.8% to something smaller. Or... more likely... that will cover the increased grocery bills for my teenagers' growing appetites. (Man these boys can eat!)

But it's a FIRE milestone, none-the-less.

 

[kgtest]

to kgtest, congrats you are doing so much better than most and if it takes you a few more years than planned its ok, keep plugging and you will be better than fine

Thank you. I figure setting ambitious goals and slightly missing is better than setting no goals.

 

[engprodigy]

My NW crossed $600k for the first time
Five years ago when I started tracking, it was only $108k. I hope I can keep this accumulation rate up for a few more years.

I think I could potentially hit $1M four years from now, but of course you never know what might happen. That's the goal though!

I haven't posted in a couple years but it looks like I'm still on track for $1M by Nov. '18 with current NW $791k.

I'll be 36 in Nov. '18, so the potential to be FI by 45 still seems possible, fingers crossed.

 

[Maenad]

As of today we're part of the two-comma club! (Investments alone, not including house.) Granted, on Monday we'll likely be kicked back out , but that's OK.

 

[UpAnchor]

As of today we're part of the two-comma club! (Investments alone, not including house.) Granted, on Monday we'll likely be kicked back out , but that's OK.

Congrats from a fellow 'burbanite.

 

[NgineER]

Finally achieved two commas excluding primary real estate. It includes a very conservatively estimated rental property.


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[Jasonjam83]

Update! Just surpassed 300k!


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