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09-02-2020, 05:33 PM
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#21
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,342
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Congratulations! I want to be like you one day 
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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09-02-2020, 05:46 PM
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#22
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Dryer sheet wannabe
Join Date: Aug 2020
Posts: 12
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Congratulations!
2 million is my next goal. 😊
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09-02-2020, 05:58 PM
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#23
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2016
Posts: 9,521
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You have done well, but 2m isn't a small milestone. Great job!
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09-02-2020, 06:00 PM
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#24
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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What a nice milestone! Congratulations.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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09-02-2020, 11:43 PM
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#25
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Dryer sheet aficionado
Join Date: Sep 2017
Posts: 45
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Congratulations! Great milestone.
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09-03-2020, 04:12 AM
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#26
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2015
Location: Michigan
Posts: 5,003
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The second million is easier.
__________________
"The mountains are calling, and I must go." John Muir
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09-03-2020, 07:52 AM
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#27
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Full time employment: Posting here.
Join Date: May 2017
Posts: 802
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Thanks for all the Congrats, folks. Now back w*ork so I can reach the BIG milestone!
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09-03-2020, 07:59 AM
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#28
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Full time employment: Posting here.
Join Date: May 2017
Posts: 802
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 Quote:
Originally Posted by O2Bfree
Congratulations on your "small" attainment! Ain't it great when you and your spouse are on the same page financially?
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Yes, if I had a spouse that was a spender, I don't know how long the marriage would last. 
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09-03-2020, 08:00 AM
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#29
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Full time employment: Posting here.
Join Date: May 2017
Posts: 802
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Quote:
Originally Posted by Toocold
Congratulations! What a wonderful achievement. How are you planning to celebrate? It's important to celebrate milestones to enjoy the journey.
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Lots of beers. A tad bit of a headache this AM.
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09-03-2020, 08:32 AM
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#30
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Dryer sheet wannabe
Join Date: Jun 2019
Posts: 21
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CONGRATULATIONS! Enjoy your riches  .
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09-03-2020, 08:47 AM
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#31
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 5,214
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A " small" milestone?? It sounds plenty big to me.
Congratulations!!
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09-03-2020, 08:52 AM
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#32
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Recycles dryer sheets
Join Date: Jan 2014
Posts: 414
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Quote:
Originally Posted by Mo Money
I open a bottle of Veuve Clicquot or DP for every big milestone of that sort. I put the date on the cork and tuck it away -- with the other corks -- way up on a top book shelf, way in the back against the wall. Only I know they are there, but for some reason I get my jollies knowing I have that stash marking those big milestones.
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That's a great tradition. I might start doing the same, but stashing the corks in a wine glass, way up in the bar.
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09-03-2020, 11:00 AM
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#33
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Ventura County
Posts: 1,433
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Definitely a big milestone. $2M was my "magic number" that I set as my threshold before retirement 5 years ago. Of course with the market up around 80% since then that worked out to be wildly conservative, but you never know until you go.
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09-03-2020, 11:33 AM
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#34
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Location: North
Posts: 4,043
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Quote:
Originally Posted by Mo Money
I open a bottle of Veuve Clicquot or DP for every big milestone of that sort. I put the date on the cork and tuck it away -- with the other corks -- way up on a top book shelf, way in the back against the wall. Only I know they are there, but for some reason I get my jollies knowing I have that stash marking those big milestones.
Congrats to you; have a drink!
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I like this idea! I think I might do something similar with the Mrs...buy her a nice bottle of Pinot, we are within sights of a psychological but not quite "technical" milestone... I think I might do something similar but instead start a little rock garden and hike around for celebration on our BIG milestones...
BIG milestones Yet to come:
- 1MM invested in equities
- Final debt payment (mortgage)
- The day we reach FI (Financial Independence)
- The day we decide to retire
- The day the wedding checks clear
- The day the "gift" letter is signed for the kiddos homes
- The first contribution to a grandchild's education account
- HOPEFULLY the final payment of all grandchildren's education
I see at least 8 rocks, if we go back in time I could add a few more with us both landing career jobs, getting married, buying first property, and having the kids.
__________________
Time > $$$ ~ 100% equities ~ FIRE @2031
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09-03-2020, 12:12 PM
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#35
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Recycles dryer sheets
Join Date: Jun 2017
Location: Cincinnati
Posts: 497
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Nice job hitting that Milestone!! I would be good with hitting that Milestone prior to ER
Funny, my original magic number was 1M which seemed pretty unobtainable 10 years ago when I had less than 30K put away.
But its never too late to start so now here I am at 1.4M. At this point I have no magic number except my ER date. I will just continue to sock it away until then and see where I land.
__________________
ER Target = May 2024
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09-03-2020, 12:42 PM
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#36
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Full time employment: Posting here.
Join Date: May 2017
Posts: 802
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Quote:
Originally Posted by Jeffman52
At this point I have no magic number except my ER date. I will just continue to sock it away until then and see where I land.
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$3M is sort of my magic number, which I hope to have in 5 years. However, there are 2 other big pieces to my ER puzzle. First is bridging the gap to 59.5, as I'll be 48 when I ER if all goes as planned. DW is 5 years older than me, so we'll really only need to bridge 6 years. The second is managing income in order to stay under the ACA cliff during at least that bridge period and hopefully longer.
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09-03-2020, 08:03 PM
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#37
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Full time employment: Posting here.
Join Date: Aug 2015
Posts: 987
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Now, finding out you hit $2M at 43 is way more impressive & major than the OP. What percentage is post tax? My milestones were alway first, on paper, pre & post tax combined, then the same amount post tax. But now I’m 62.5 & already retired, so those are nowhere near as important to me as they used to be or as impressive. Now I just want to spend it!
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09-03-2020, 08:07 PM
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#38
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Thinks s/he gets paid by the post
Join Date: Apr 2016
Location: Ex-Cali
Posts: 1,245
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Nothing small about that. Congrats!
__________________
______________________
The plan was September 1, 2022 and I am 95% there. Still working a few hours a week at the real job.
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09-03-2020, 08:09 PM
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#39
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,972
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Congrats, it probably went down a bit today with the Dow and Nasdaq losing 3% - 4%. But no worries.
__________________
No to consumerism, Living a simple life, enjoying the experience - not the material stuff
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09-03-2020, 08:12 PM
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#40
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Full time employment: Posting here.
Join Date: May 2017
Posts: 802
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Quote:
Originally Posted by Perryinva
Now, finding out you hit $2M at 43 is way more impressive & major than the OP. What percentage is post tax? My milestones were alway first, on paper, pre & post tax combined, then the same amount post tax. But now I’m 62.5 & already retired, so those are nowhere near as important to me as they used to be or as impressive. Now I just want to spend it!
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This is the issue. At this point, only about $400k of the $2M is post tax. I’m really trying to ramp up that bucket over the next 5 years.
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