Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 03-30-2021, 05:11 PM   #161
Full time employment: Posting here.
 
Join Date: May 2014
Posts: 973
Quote:
Originally Posted by street View Post
Dash man that is awesome and it doesn't happen by accident!!! Is that NW or just portfolio??

Not sure I will ever make that milestone but I'm well over half way there now (NW) and over half in portfolio also.

Regardless of what we have in NW, I feel so blessed to have my health and things I love so much.
You guys make me unretireable. I could reach 8 figures if I wanted to work to my 70 years. I don't even want to work to my 60s, but I do like more money.
flyingaway 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 03-30-2021, 06:01 PM   #162
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
street's Avatar
 
Join Date: Nov 2016
Posts: 9,373
Quote:
Originally Posted by flyingaway View Post
You guys make me unretireable. I could reach 8 figures if I wanted to work to my 70 years. I don't even want to work to my 60s, but I do like more money.
Ohhhhh Nooooo don't feel that way. We all can work longer and keep making milestone come faster but that isn't what we should do. I hope you retire when you feel ready regardless of the amount.

There will always be people with way more and less then you, but each case is different. I wish you well, and you will know when to retire and ready financially, regardless of the number.
street is online now   Reply With Quote
Old 04-02-2021, 06:44 AM   #163
Thinks s/he gets paid by the post
The Cosmic Avenger's Avatar
 
Join Date: May 2016
Location: Mid-Atlantic
Posts: 2,642
We hit another big milestone with yesterday's record market: $4M NW! And we're almost at $3.5M in investments & cash! After the S&P closed above 4,000 I was expecting to see a lot of activity on this thread!
__________________
-Looking to FIRE in the mid-2020s, which would be our mid-50s.
The Cosmic Avenger is offline   Reply With Quote
Old 04-02-2021, 12:07 PM   #164
Thinks s/he gets paid by the post
 
Join Date: Feb 2019
Location: St Pete
Posts: 1,227
At the end of March my trailing 12mo expenses hit 2% of my liquid net worth (excluding taxes) for the first time. I'm still w*rking but feel the slack being taken out of the trigger as the fear is transitioning to excitement as I approach my date.



Hopefully the bull lasts at least until I jump!
FLSUnFIRE is offline   Reply With Quote
Old 04-03-2021, 03:31 PM   #165
Recycles dryer sheets
Alex The Great's Avatar
 
Join Date: Nov 2016
Location: San Jose
Posts: 464
Quote:
Originally Posted by FLSUnFIRE View Post
At the end of March my trailing 12mo expenses hit 2% of my liquid net worth (excluding taxes) for the first time.
This is a very good achievement.
I just calculated my number and it is 2.8%. Do we have a magic number to reach for ER?
__________________
Retired Sep 2023 @56
Target AA: 50% stock / 20% bond / 30% cash
Target WR: ~3.6%
Alex The Great is offline   Reply With Quote
Old 04-03-2021, 04:01 PM   #166
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
street's Avatar
 
Join Date: Nov 2016
Posts: 9,373
^ interesting correlation.

My yearly expenses are .7% of liquid portfolio. My WR is less then .7% every year so far in retirement, except last year. Charity and gifting made that number rise to ~2%.
street is online now   Reply With Quote
Old 04-04-2021, 05:38 AM   #167
Thinks s/he gets paid by the post
 
Join Date: Feb 2019
Location: St Pete
Posts: 1,227
Quote:
Originally Posted by Alex The Great View Post
This is a very good achievement.
I just calculated my number and it is 2.8%. Do we have a magic number to reach for ER?

I'm 47 so have a long time frame but I definitely "feel" FI now. 2% sounds great but it's mostly due to the extreme run up this past year (easy come-easy go)! I'd be more comfortable if gradually got to my current NW or in a few years from now if the market holds the gains. I'm still planning to make the jump in about 100 days...



The history suggests I'd be successful at a higher rate than 2%. I play around running Firecalc for 20 year periods and using the lowest remaining portfolio balance to then start the next run at 20 years and am still pretty high success ratio - that would be equivalent to retiring during the two worst period period back to back (am I the only one that when I got to 100% started making up my own worst cases to get under 100%?)!



My expected WDR will likely be slightly higher accounting for taxes and healthcare (if I get the ACA subsidy which I expect I will be close to 2% if the market valuations hold).


FLSunFIRE
FLSUnFIRE is offline   Reply With Quote
Old 04-04-2021, 07:20 AM   #168
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
Quote:
Originally Posted by flyingaway View Post
You guys make me unretireable. I could reach 8 figures if I wanted to work to my 70 years. I don't even want to work to my 60s, but I do like more money.
8 figures is certainly not necessary for probably 99% of people. I would never work until 70 y.o. to reach that figure.
__________________
TGIM
Dtail is offline   Reply With Quote
Share Your FIRE Milestones - 2021
Old 04-04-2021, 07:46 AM   #169
Thinks s/he gets paid by the post
Markola's Avatar
 
Join Date: Nov 2013
Location: Twin Cities
Posts: 3,927
Share Your FIRE Milestones - 2021

Quote:
Originally Posted by street View Post
^ interesting correlation.

My yearly expenses are .7% of liquid portfolio. My WR is less then .7% every year so far in retirement, except last year. Charity and gifting made that number rise to ~2%.


Wow, Street, Do you have other income sources or just choose to spend that small of a %?
Markola is offline   Reply With Quote
Old 04-04-2021, 08:11 AM   #170
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
street's Avatar
 
Join Date: Nov 2016
Posts: 9,373
^ neither of your choices. We spend on what ever we need or want and we don't have any other income, except we both have taken SS. There is really only so much a person can blow money on or spend just to spend.
Charity and gifting are our biggest expenses. We have had many open doors in our life and been blessed in so many ways, just like everyone here on ER.
street is online now   Reply With Quote
Old 04-06-2021, 07:52 AM   #171
Full time employment: Posting here.
Vincenzo Corleone's Avatar
 
Join Date: Jul 2005
Posts: 614
Sub 2% WR.
Vincenzo Corleone is offline   Reply With Quote
Old 04-06-2021, 02:27 PM   #172
Dryer sheet aficionado
 
Join Date: Jan 2018
Location: Front Range
Posts: 27
Passed the $3M milestone in retirement assets yesterday. I enjoy reading about everyone’s journey to freedom!
fvfire is offline   Reply With Quote
Old 04-10-2021, 11:26 PM   #173
Dryer sheet wannabe
 
Join Date: Jan 2014
Posts: 21
Another year and half passed. Time to update my stats:

After tax account: 1.8
Retirement account: 5.6
Rental Property: 4.4
Primary Residence 3.0 -0.8

total: 14.0m
Big bump from last update thx to the rising stock and housing market.

I joined this forum 7+ years ago, saying I plan to fire in 7 years when
my kid gets out of college.

I guess I get OMY syndrome. A few more years, but 5 more years at most when I pay off my house
sewang is offline   Reply With Quote
Old 04-10-2021, 11:51 PM   #174
Recycles dryer sheets
 
Join Date: Nov 2004
Location: SF Bay Area
Posts: 305
Quote:
Originally Posted by sewang View Post
Another year and half passed. Time to update my stats:

After tax account: 1.8
Retirement account: 5.6
Rental Property: 4.4
Primary Residence 3.0 -0.8

total: 14.0m
Big bump from last update thx to the rising stock and housing market.

I joined this forum 7+ years ago, saying I plan to fire in 7 years when
my kid gets out of college.

I guess I get OMY syndrome. A few more years, but 5 more years at most when I pay off my house
How did you amass so much in your retirement accounts?
anothercog is offline   Reply With Quote
Old 04-11-2021, 12:03 AM   #175
Thinks s/he gets paid by the post
 
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,185
Quote:
Originally Posted by sewang View Post
Another year and half passed. Time to update my stats:

After tax account: 1.8
Retirement account: 5.6
Rental Property: 4.4
Primary Residence 3.0 -0.8

total: 14.0m
Big bump from last update thx to the rising stock and housing market.

I joined this forum 7+ years ago, saying I plan to fire in 7 years when
my kid gets out of college.

I guess I get OMY syndrome. A few more years, but 5 more years at most when I pay off my house
Wow. That is beyond fatF.I.R.E.
F.I.R.E User is offline   Reply With Quote
Old 04-11-2021, 01:14 AM   #176
Dryer sheet wannabe
 
Join Date: Jan 2014
Posts: 21
Quote:
Originally Posted by anothercog View Post
How did you amass so much in your retirement accounts?
Use defined benefit plan for self business, which allow one to put large portion
of the income in retirement account, plus active investing.
sewang is offline   Reply With Quote
Just hit 1.1M
Old 04-14-2021, 12:19 PM   #177
Recycles dryer sheets
 
Join Date: Nov 2011
Posts: 102
Just hit 1.1M

I just hit 1.1M last night. Incredible to have gone up another 100K in a little over 4 months since I hit the magic 1.0M late last year. And I'm not even making any active income right now!

I can say that my first 100K took me 22 years! Now it took me just 4 months?! And passively?

Gonna have to take little off the top here and re-boost up my emergency savings account while it's doing so well.
RioIndy is offline   Reply With Quote
Old 04-14-2021, 12:23 PM   #178
Recycles dryer sheets
 
Join Date: Nov 2011
Posts: 102
Quote:
Originally Posted by Cassius King View Post
Well, I'll play the role of the "little guy". But as of close yesterday, my investments are now over $500k.
It truly is a snowball. The first $100k was the hardest!

I'm not a C-Suite Exec or high income earner. Just LBYM and save 35% to 50% of my income. Ready for the next $500k.
It sure does! As I just observed for myself that what took me many years before, now I see in a matter of months!
RioIndy is offline   Reply With Quote
Old 04-14-2021, 12:24 PM   #179
Recycles dryer sheets
 
Join Date: Nov 2011
Posts: 102
Quote:
Originally Posted by Vincenzo Corleone View Post
Sub 2% WR.
That's a satisfying level of confidence! Nice milestone
RioIndy is offline   Reply With Quote
Old 04-14-2021, 01:04 PM   #180
Thinks s/he gets paid by the post
 
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,185
Quote:
Originally Posted by RioIndy View Post
I just hit 1.1M last night. Incredible to have gone up another 100K in a little over 4 months since I hit the magic 1.0M late last year. And I'm not even making any active income right now!

I can say that my first 100K took me 22 years! Now it took me just 4 months?! And passively?

Gonna have to take little off the top here and re-boost up my emergency savings account while it's doing so well.
Congrats. I was at around $285k in March 2020 and now at $528k.

When will I hit $1M?
F.I.R.E User 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


» Quick Links

 
All times are GMT -6. The time now is 08:50 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.