Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Finally reached $500,000
Old 03-05-2017, 02:01 PM   #1
Recycles dryer sheets
 
Join Date: Jun 2008
Posts: 88
Finally reached $500,000

Thanks to this recent stock rally, I have finally reached the half a million mark:

TSP - Military: $203, 849.83
TSP - Civilian: $122,349.01
Roth: $113,110.89
Savings: 50,090.48
Stocks: $812.52
OPM has $9,000 because I tried to buy my military time, but now I am on active-duty and can't request it back until I retire from the government
Savings 2: $2,062.13

From my $400,000 milestone post in 5/20/15:

TSP - Military: $158,846.27
TSP- Civilian: $91,851.46
IRA: $96,603.20
Savings: $51,470
Savings 2: $3,430.73

I'm single and spent my career in the military and federal government. I also have a Reserve O-5 pension at 60 yrs. I have a rental house with $60-70,000 in equity (did not count in my tally). Woo hoo!
__________________

Neecy 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 03-05-2017, 04:47 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Jun 2014
Posts: 1,069
Quote:
Originally Posted by Neecy View Post
Thanks to this recent stock rally, I have finally reached the half a million mark:



TSP - Military: $203, 849.83

TSP - Civilian: $122,349.01

Roth: $113,110.89

Savings: 50,090.48

Stocks: $812.52

OPM has $9,000 because I tried to buy my military time, but now I am on active-duty and can't request it back until I retire from the government

Savings 2: $2,062.13



From my $400,000 milestone post in 5/20/15:



TSP - Military: $158,846.27

TSP- Civilian: $91,851.46

IRA: $96,603.20

Savings: $51,470

Savings 2: $3,430.73



I'm single and spent my career in the military and federal government. I also have a Reserve O-5 pension at 60 yrs. I have a rental house with $60-70,000 in equity (did not count in my tally). Woo hoo!


Congrats! Was an important number for me psychologically being 1/2 way to a million. Good to know that the money will take you to a million all on its own if you give time.
__________________

dallas27 is offline   Reply With Quote
Old 03-05-2017, 04:52 PM   #3
Recycles dryer sheets
 
Join Date: May 2015
Location: Country
Posts: 135
Congrats!!
tps7742 is offline   Reply With Quote
Old 03-05-2017, 05:06 PM   #4
Recycles dryer sheets
GSMAN's Avatar
 
Join Date: Oct 2011
Location: League City
Posts: 70
Way to go! Keep it going!
GSMAN is offline   Reply With Quote
Old 03-05-2017, 05:42 PM   #5
Recycles dryer sheets
 
Join Date: Jan 2015
Posts: 247
Quote:
Originally Posted by Neecy View Post
Thanks to this recent stock rally, I have finally reached the half a million mark:



TSP - Military: $203, 849.83

TSP - Civilian: $122,349.01

Roth: $113,110.89

Savings: 50,090.48

Stocks: $812.52

OPM has $9,000 because I tried to buy my military time, but now I am on active-duty and can't request it back until I retire from the government

Savings 2: $2,062.13



From my $400,000 milestone post in 5/20/15:



TSP - Military: $158,846.27

TSP- Civilian: $91,851.46

IRA: $96,603.20

Savings: $51,470

Savings 2: $3,430.73



I'm single and spent my career in the military and federal government. I also have a Reserve O-5 pension at 60 yrs. I have a rental house with $60-70,000 in equity (did not count in my tally). Woo hoo!


Congrats that's a great milestone. What age do you think you will be able to retire, and also, what will the 05 pension be at that time?
Again, congrats
cnocmmz is offline   Reply With Quote
Old 03-05-2017, 06:14 PM   #6
Thinks s/he gets paid by the post
street's Avatar
 
Join Date: Nov 2016
Posts: 3,164
Good for you! My half million came and went and never knew when it happened. Lol
street is online now   Reply With Quote
Old 03-05-2017, 07:07 PM   #7
Recycles dryer sheets
Mo Money's Avatar
 
Join Date: Mar 2014
Location: .
Posts: 340
Cheers!
__________________
“We always may be what we might have been.” -- Adelaide Anne Procter
Mo Money is offline   Reply With Quote
Old 03-05-2017, 07:30 PM   #8
Moderator
Jerry1's Avatar
 
Join Date: Nov 2014
Posts: 4,106
Congratulations. I am a milestone observer too. In my work 401K, I just hit $600K but then the next day is was $599K. Still, feels good to be saving and hitting some marks.
Jerry1 is offline   Reply With Quote
Old 03-05-2017, 07:35 PM   #9
Thinks s/he gets paid by the post
GalaxyBoy's Avatar
 
Join Date: Jul 2009
Location: The Beautiful Blue Ridge Mountains
Posts: 1,842
Great!

You know what they say: the first half-million is the hardest.
GalaxyBoy is offline   Reply With Quote
Old 03-05-2017, 07:35 PM   #10
Recycles dryer sheets
stlguy57's Avatar
 
Join Date: Oct 2011
Location: Hillsboro MO / Dunedin FL
Posts: 73
Great Job! Keep it going. You will be surprised at how fast it starts growing. At least, that's what happened to me.
stlguy57 is offline   Reply With Quote
Old 03-05-2017, 09:17 PM   #11
Recycles dryer sheets
 
Join Date: Jun 2008
Posts: 88
Quote:
Originally Posted by cnocmmz View Post
Congrats that's a great milestone. What age do you think you will be able to retire, and also, what will the 05 pension be at that time?
Again, congrats
Well, I'm 45 right now and hope to do another 3 yrs in the military. If I do, then I will have an active duty pension. I'm on Leave Without Pay from the federal government, so at this moment I have 5 yrs as a government employee. After I finish the military in 2020, I want to return to the government (i have return rights within 5 yrs). I would like work until 57 years old and retire as a federal employee, and then I will have 16 years or wait 4 more years and retire at 61. I guess it depends on how far I reach or tired of working.

I do plan on working forever, but not based on the need to work, just to get out of the house
Neecy is offline   Reply With Quote
Old 03-05-2017, 09:28 PM   #12
Recycles dryer sheets
 
Join Date: Jun 2008
Posts: 88
Thanks everyone! It took forever to reach this point. I hope $1M is around the corner. I think I started man IRA in 1999 with a $2,000 limit. The non-matching TSP for the military began in 2001, so it's been a journey to say the least.
Neecy is offline   Reply With Quote
Old 03-05-2017, 09:31 PM   #13
Recycles dryer sheets
 
Join Date: Nov 2011
Posts: 88
Quote:
Originally Posted by dallas27 View Post
...Was an important number for me psychologically being 1/2 way to a million. Good to know that the money will take you to a million all on its own if you give time.
Agreed with this. And congrats as well!
RioIndy is offline   Reply With Quote
Old 03-06-2017, 04:53 AM   #14
Thinks s/he gets paid by the post
 
Join Date: Dec 2010
Location: Midwest
Posts: 1,644
Nice growth in NW over the last 9 mos or so....
brucethebroker is offline   Reply With Quote
Old 03-06-2017, 05:07 AM   #15
Thinks s/he gets paid by the post
DrRoy's Avatar
 
Join Date: Dec 2015
Location: Michigan
Posts: 3,134
Quote:
Great!

You know what they say: the first half-million is the hardest.
+1. On to the second.
__________________
"The mountains are calling, and I must go." John Muir
DrRoy is offline   Reply With Quote
Old 03-06-2017, 05:59 AM   #16
Thinks s/he gets paid by the post
 
Join Date: Jan 2005
Posts: 2,776
Congrats. You are doing great!
Dreamer is offline   Reply With Quote
Old 03-06-2017, 12:55 PM   #17
Full time employment: Posting here.
YVRRocketSurgery's Avatar
 
Join Date: Dec 2015
Location: Vancouver
Posts: 654
Congrats!
It's always hard starting out as the numbers seem frustratingly small but its surprising how the momentum of compounding kicks your savings nest egg into high gear.
__________________
Target April 2022
"You don't save me. I save me."
YVRRocketSurgery is offline   Reply With Quote
Old 03-06-2017, 04:04 PM   #18
Full time employment: Posting here.
 
Join Date: May 2011
Posts: 817
Congrats! What a great milestone.
kimcdougc is offline   Reply With Quote
Old 03-06-2017, 04:05 PM   #19
Thinks s/he gets paid by the post
Red Badger's Avatar
 
Join Date: Jan 2017
Location: Hog Mountian
Posts: 1,985
Retired E-8 here. ~25+ years split about equally between active and reserve. Retiring at 60 this year. Military pension, Tricare, and a modest corp pension will allow me to cruise to 62 with modest draw down of my 401K (~$550,000 current balance). For a few years, I may work part time / seasonal to get out of the house and earn some drinking money.

Good luck on your "march to a million!" Once I'm retired, I will look at moving my 401K to either TSP or Vanguard. Both have best in class low fees.
__________________
Never let yesterday use up too much of today.
W. Rogers
Red Badger is offline   Reply With Quote
Old 03-08-2017, 02:41 AM   #20
Recycles dryer sheets
2035's Avatar
 
Join Date: Jan 2012
Posts: 214
way to go!
__________________

2035 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
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


Similar Threads
Thread Thread Starter Forum Replies Last Post
Buffett's $1,000,000 Bet -- S&P 500 will beat hedge funds after fees Jay_Gatsby FIRE and Money 13 06-10-2008 04:54 PM
On $20,000 Salary Parking Lot Attendant Saves and Invests Has $500,000 Portfolio haha FIRE and Money 11 09-18-2007 08:26 PM
$20,000,000,000 in Taxes. mickeyd FIRE and Money 12 11-01-2006 05:49 PM
$423,000,000,000.00 Howard Other topics 25 02-08-2006 03:59 PM
$2,000,000,000,000- Happy 55th mickeyd Other topics 12 12-28-2004 09:19 AM

» Quick Links

 
All times are GMT -6. The time now is 10:26 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
×