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06-19-2014, 08:11 PM
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#1
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Dryer sheet wannabe
Join Date: Jan 2014
Posts: 22
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milestone reached!
We passed the 400K mark today! DW and I are both 32. We're almost one year ahead of our savings goals to reach FI. Only 18 years left!
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06-19-2014, 08:34 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
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Nice!
__________________
_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
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06-20-2014, 07:36 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,069
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Congrats, that was big number i recently passed at 35. I know 500 will feel twice as good. Let's race! :-)
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06-20-2014, 08:22 PM
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#4
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Dryer sheet wannabe
Join Date: Jan 2014
Posts: 22
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Sounds good Dallas! I'll let you know when we get there.
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06-20-2014, 09:16 PM
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#5
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,171
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Very impressive for your young age.
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06-23-2014, 12:01 PM
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#6
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Recycles dryer sheets
Join Date: Mar 2013
Location: NA
Posts: 55
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Way to go!
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06-23-2014, 07:19 PM
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#7
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Recycles dryer sheets
Join Date: Sep 2012
Posts: 459
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Great going. Keep saving and invest wisely(No individual stocks)….you'll get there sooner than you anticipate.
__________________
Retired at age 52 on 12/1/2016
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06-23-2014, 07:21 PM
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#8
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Dryer sheet wannabe
Join Date: Jan 2014
Posts: 22
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Thanks. We are invested in broad market ETFs. Pretty aggressive asset allocation. I hope we get there sooner than our goal!
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08-19-2014, 12:26 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,069
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Quote:
Originally Posted by frugalthirty
Sounds good Dallas! I'll let you know when we get there.
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If the market holds (I probably just jinx'd myself and the market), my next contribution will put me at 450k, halfway to 500. My personal "stretch" goal this year was to hit 500 by the end of the year, but without a big upswing,in the market, I don't see it happening on contributions alone.
I started the year at ~370, so I can't really complain.
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10-10-2014, 11:55 AM
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#10
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Dryer sheet wannabe
Join Date: Jan 2014
Posts: 22
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Well, after a few months of mixed returns... we're way back at $387,000. We've been contributing more to try and stop the drop in account values, but nothing seems to help. I know prices will go back up eventually, which is why I keep buying now because I'm getting a better deal on the etfs right now. But, it is tough to watch the accounts drop every month...
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10-10-2014, 12:44 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: South central PA
Posts: 3,469
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Just remember it 's not "real" money to you until you need it to buy food and put a roof over your head.
In 2002 our after-tax account dipped to $78K. I remember that number for some reason. It quintupled by 2008, despite being underemployed and underpaid for 3 of the 6 years. Last year we saw a 25% return, so of course that can 't continue. Look at the numbers, but stay the course.
Sent from my iPhone using Early Retirement Forum
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10-10-2014, 01:32 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,324
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Quote:
Originally Posted by rodi
Very impressive for your young age.
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Agreed - I wish I'd had 400K when I was 32.
Congratulations!
__________________
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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10-10-2014, 01:39 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Quote:
Originally Posted by Major Tom
Agreed - I wish I'd had 400K when I was 32.
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Me, too. I just checked and that was the first year I started keeping records of our retirement savings. Our total nest egg: 1.9K.
__________________
Numbers is hard
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10-10-2014, 01:45 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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__________________
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10-10-2014, 01:52 PM
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#15
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Dryer sheet wannabe
Join Date: Jan 2014
Posts: 22
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I know we're ahead of others. We just really want to be FIREd by 50 with plenty of money to travel.
Sent from my iPhone using Early Retirement Forum
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10-13-2014, 09:19 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 2,360
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Quote:
Originally Posted by frugalthirty
We're almost one year ahead of our savings goals to reach FI.
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Good work.
Quote:
Originally Posted by frugalthirty
I know we're ahead of others.
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Ahead, behind … it really doesn't matter, reaching FIRE is not a competition. Your relative position should not be a motivator, as it could cause you to scale back or even cease your savings (if ahead, "we don't need to"; if behind, "what's the use?").
__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
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10-15-2014, 01:55 PM
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#17
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Dryer sheet wannabe
Join Date: Jan 2014
Posts: 22
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Oh geez! Market went even lower today! I wish I had some spare cash to invest right now!
Sent from my iPhone using Early Retirement Forum
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10-18-2014, 12:35 PM
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#18
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Confused about dryer sheets
Join Date: Jul 2014
Posts: 1
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Quote:
Originally Posted by Milton
Good work.
Ahead, behind … it really doesn't matter, reaching FIRE is not a competition. Your relative position should not be a motivator, as it could cause you to scale back or even cease your savings (if ahead, "we don't need to"; if behind, "what's the use?").
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What a great point, Milton. It is a curiousity, for sure -- assessing one's relative position. And I do feel disheartened when I see others are "ahead" of me. But the truth is that it doesn't matter. Thanks for sharing.
Sent from my iPad using Early Retirement Forum
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10-18-2014, 02:57 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Aug 2011
Posts: 3,594
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The first 1/2 million is the hardest one...Good work frugalthirty!
-gauss
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10-19-2014, 04:17 PM
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#20
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Dryer sheet aficionado
Join Date: Mar 2013
Posts: 36
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Congrats on a great start to FIRE. I am aiming for 50 as well!
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