Woohoo!

[Vincenzo Corleone]

Hey y'all,

According to Firecalc, DW and I can retire in another 10 years (when I'm 48) with a 97% success rate!* WOOHOO!!!* And since DW and I plan on working part-time in our retirement years, we should be OK.* 8)* This is assuming, however, that our incomes and savings rate will not decrease at all in the next 10 years.

I'm psyched!

[MRGALT2U]

Quote:

Originally Posted by Vincenzo Corleone Hey y'all, According to Firecalc, DW and I can retire in another 10 years (when I'm 48) with a 97% success rate!* WOOHOO!!!* And since DW and I plan on working part-time in our retirement years, we should be OK.* 8)* This is assuming, however, that our incomes and savings rate will not decrease at all in the next 10 years. I'm psyched!

It also assumes you are alive. Sorry!

JG

[dory36]

Congrats!

And don't forget that every $4000 you can cut from your annual spending means about $100,000 you won't need to accumulate - thus hitting that ER date even earlier.

I'm not suggesting you quit doing what you want just to cut expenses so you can retire -- that would defeat the purpose of ER -- but if you don't expect to need that 2nd car, etc...

[unclemick]

Heh heh heh heh heh

Since I stumbled into ER by accident via layoff in 1993:

Hindsight says - it's amazing what you can do with spending when you treat it as a research challenge/engineering problem. I'm still proud of my one year 12k budget - even though nobody else in the household was impressed.

Bottom line - you have way more control over spending than you may think - versus say perhaps portfolio growth.

[Vincenzo Corleone]

Quote:

Originally Posted by dory36 Congrats! And don't forget that every $4000 you can cut from your annual spending means about $100,000 you won't need to accumulate - thus hitting that ER date even earlier. I'm not suggesting you quit doing what you want just to cut expenses so you can retire -- that would defeat the purpose of ER -- but if you don't expect to need that 2nd car, etc...

Thanks, Dory.* Good to know.* I'm really glad that I quit smoking!* Think of all the money saved! (not to mention the health benefits)

[Gone4Good]

Quote:

Originally Posted by MRGALT2U It also assumes you are alive.* Sorry!

Cruel. Very cruel.

Funny! But cruel.

[Dreamer]

Thanks Dory-I did not know that either. I really need to start tracking where our money goes. It is such a pain and my DH does not like to hear it, but I know we could easily cut $4000.00 out of our budget and probably alot more than that! We need to eliminate the fourth and fifth vehicle!!

Dreamer