Share your FIRE Milestones - 2013- 2020

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Rowej said:
We just passed the $2mm net worth on Friday with the help of our Bonuses. Jumped straight to $2.1mm including our home equity and two rentals. We are 70% to goal before retiring. Continuing to pay down home at the rate of 60k per year and should have paid off in 7 years. Then can seriously think of retirement. Plan is to sell everything, buy a boat to live and travel on for a minimum of 2years. We can’t wait!
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That must have been a heck of a bonus! Congrats
 
This one isn't a dollar amount. My DH likes to buy property (undeveloped with timber on it) for sale later. He owns some in partnership with a friend across from our house- a big parcel- 70 acres or something like that. Someone called about it and wants to buy 20 or so. This will be a nice chunk of change. We were riding over it yesterday with one of our kids- its pretty piece of land and he was musing on keeping it instead- maybe putting in a dam and making a pond. And you know what- I think that's a good idea. This is quite a change for me- I never liked tying up our money in land for YEARS, with only an occasional bit of income from thinning, and taxes every year. Its hard to get your money out of it when you need to. But you know what? We don't need the money, and a pond would be fun!
 
This is the week that put me at 30x my target expenses . . . IF I had been allowed to keep the fruit of my labor & my spouse had not run off with those zeros and commas! I hear she is redistributing it into a consumer ocean of restaurants and concerts. Starting a timer now to see how long it takes me to get back up there. Throwing a mini-celebration for having reached what was once a mirage in the desert. Now, back to work for me!
 
Sold my house (close June 1 so not out of the woods yet). Part of the retirement plan was to downsize from my 4,000 sq ft home to a 1,500 sq ft home. I bought and moved into the smaller home in March and have been waiting for a buyer for the old house. Someone made an offer and I accepted it, so that's a huge relief. Now I just have to get through the closing without anything going wrong. This allows me to FIRE 2 years earlier because of the equity in the house (which I will put into a taxable fund). Yay!
 
rlhendren said:
Sold my house (close June 1 so not out of the woods yet). Part of the retirement plan was to downsize from my 4,000 sq ft home to a 1,500 sq ft home. I bought and moved into the smaller home in March and have been waiting for a buyer for the old house. Someone made an offer and I accepted it, so that's a huge relief. Now I just have to get through the closing without anything going wrong. This allows me to FIRE 2 years earlier because of the equity in the house (which I will put into a taxable fund). Yay!
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Way to go! Put all that ‘dead equity’ to work! :dance:
 
rlhendren said:
Sold my house (close June 1 so not out of the woods yet). Part of the retirement plan was to downsize from my 4,000 sq ft home to a 1,500 sq ft home. I bought and moved into the smaller home in March and have been waiting for a buyer for the old house. Someone made an offer and I accepted it, so that's a huge relief. Now I just have to get through the closing without anything going wrong. This allows me to FIRE 2 years earlier because of the equity in the house (which I will put into a taxable fund). Yay!
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Congrats! that's my plan too (relocate to a LCOLA). Did you pay cash for the smaller house since you bought it before selling the primary house first? Because it's my understanding that if you own a home they won't finance your next home as primary, requiring a higher down payment?
 
The Magic Age

Hit a temporal milestone: I am now 59 and a half years ancient.

It's like finding the golden talisman in a video game that unlocks the treasure chest; I now have penalty-free access to my 401k. Huzzah!

I dream about scooping it all into a pile and swimming through it like Scrooge McDuck...
 

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dvalley said:
Congrats! that's my plan too (relocate to a LCOLA). Did you pay cash for the smaller house since you bought it before selling the primary house first? Because it's my understanding that if you own a home they won't finance your next home as primary, requiring a higher down payment?
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Yes, I paid cash for the new house.
 
My milestone as I approach age 56.....I just hit the mark where firecalc gives me 95% success using my estimated retirement expenses minus vacation/snowbirding expenses! Now I figure I only have to work 2 more years to cover vacations and snowbirding costs.
 
I have never paid any bills from it. I pay those out of pocket. Can always pull cash out if needed.
 
Reaching 100K in unearned income. It took 24 years of reinvesting to do it, but I said to myself for years that once I reached that number I was a free agent.

It came more quickly than I expected due to compound interest. Eighth wonder of the world.:dance:
 
It's sort of a "fuzzy" milestone, but recently, every calculator I use (firecalc, I-orp, Flexible retirement planner) says we have a virtually 100% chance of success if we retire now. There are still a lot of variables (my projections include assumptions about down-sizing and cost of college tuition, etc.), but that has really taken a lot of the stress out of w**k..
 
Our house just sold this morning. Wasn't even in the MLS. We had 4 private showings arranged by our realtor. We had two competing full price offers. Went back and forth into the night last night with the realtors fighting it out. We ended up with a full cash offer, reduced commissions, no inspection contingencies and a few other things. We feel very fortunate. We can now roll all this equity and some cash into the retirement home we are building. Should be done in 14 months or so. All paid for. Fire at the end of 2020. One more step behind us.
 
COcheesehead said:
Our house just sold this morning. Wasn't even in the MLS. We had 4 private showings arranged by our realtor. We had two competing full price offers. Went back and forth into the night last night with the realtors fighting it out. We ended up with a full cash offer, reduced commissions, no inspection contingencies and a few other things. We feel very fortunate. We can now roll all this equity and some cash into the retirement home we are building. Should be done in 14 months or so. All paid for. Fire at the end of 2020. One more step behind us.
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Wow, that's wonderful! Congratulations.
 
Just closed out my 401k.
I set it to last to the 5 year mark and it financed to the 5.5 mark.
Feels odd to only have the IRA and the "emergency" account now.
 
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