Share your FIRE Milestones - 2013- 2020

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OK, I've done the math. Three milestones at year end (which also marks 1 year of ER)

1. NW has breached another nice round number with 7 figures in it. :cool:
2. NW has increased by 22.5% in the past year. Accounting for some income during 2013, overall portfolio return is ~18%.
3. Leverage has decreased by 2/3 since its high in 2010 and is now just over 3% of NW.

Investable assets have not risen, but that is because I was aggressively paying down debt. So far, the sequence of returns has been in my favor. I hope it stays positive for the next 3-4 years! I have yet to total my annual spending for 2013, but all indications are that it has been less than 3% of NW a year ago and less than 2.5% of current NW. So far, so good! :dance:
 
I just crunched our numbers, and our net worth is now $1.2 million ($950K liquid assets + $250K home equity). This is a 25% increase from six months ago, so I'm super happy about this milestone.

Based on current spending, we will need 3x that amount to FIRE, but if we can keep up the savings rate, we hope to get there within the next ten years.
 
NW has hit an all-time high at $2.08 million of which $1.5 million are liquid assets (taxable + retirement). :dance:

Happy New Year everyone!
 
Hit $8 million total net worth by the last day of 2013! Cheers to a great year for stocks and real estate!
 
Siestatime said:
I am curious, how would you compute the present day value of your non-cola pensions, and SS? Any one want to take a shot at it?


Try getting annuity quotes on the value of your annual pension/SS. That's the best way I know to translate their value.
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Yes. You can get these figures on the internet. In my case it is the price of a joint life annuity as my wife gets full benefits until she dies. My pension is worth a lot rivalling my investment portfolio.

You could also calculate the value using you own parameters: being life expectancy and interest rate for the term to expected death. The quote from an insurance co should be higher because of their profit and imbedded expenses to administer the annuity.
 
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Meadbh said:
OK, I've done the math. Three milestones at year end (which also marks 1 year of ER)

1. NW has breached another nice round number with 7 figures in it. :cool:
2. NW has increased by 22.5% in the past year. Accounting for some income during 2013, overall portfolio return is ~18%.
3. Leverage has decreased by 2/3 since its high in 2010 and is now just over 3% of NW.

Investable assets have not risen, but that is because I was aggressively paying down debt. So far, the sequence of returns has been in my favor. I hope it stays positive for the next 3-4 years! I have yet to total my annual spending for 2013, but all indications are that it has been less than 3% of NW a year ago and less than 2.5% of current NW. So far, so good! :dance:
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Congrats. You are doing very well.
 
Don't know if this is the right place:

Retired nine years as of 31 December.
 
Khan said:
Don't know if this is the right place:

Retired nine years as of 31 December.
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I think it fits. Many posts here about financial milestones, but I've got a non-financial one:

Wrote an email to HR today about "job sharing opportunities" or otherwise not working full time. The answer will be a flat "no", but that's my due diligence. My next milestone will be to send another email "Since you can not accommodate my earlier request..."
 
I only look at what I have in stocks, savings for NW. Just crossed over the 4.5 million mark this week. I'm 48' dw is 55. Our number is 6 million, but once we hit 5 mil, will be hard not to throw in the towel.
 
Calico said:
Every now and then I have to check and make sure I'm not walking around with a big Cheshire cat grin plastered on my face at work. This only happens when I look at my mortgage spreadsheet. I should probably stop doing that - I truly don't believe in counting your chickens until they hatch. Plenty of time for grins when the final goal is achieved. :)
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Don't stop. That type of smile brings warmth to the soul and drives co-workers crazy. :)
 
MichaelB said:
Don't stop. That type of smile brings warmth to the soul and drives co-workers crazy. :)
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Turns out I can't stop even if I want to. Walked around all day at w*rk today with a big grin. Driving (some) of my coworkers crazy is just a bonus. :)
 
Our Milestones

DW and I paid off our mortgage this past July at the age of 46/48. WOOHOO! :dance: And a net worth milestone is in clear sight.:cool:
 
Hiredgun said:
If you have 8 Million are you done? IE retired?
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Believe it or not, no. Of the $8 million, about $7.5 is in invest-able assets, the rest is home equity. My expenses will seem sickeningly high to many on this forum...about $250k - $270k/year if you include the taxes I'd be paying even without my "day job." (Living expenses are around $180k - $200k/year.) At that, and at age 42, I'm not quite comfortable with the withdrawal rate given that the CAPE on stocks is quite high by historical standards. (i.e. I wouldn't be shocked if there's a decent sized correction in the next year or two.) I'm tentatively setting age 45 for FIRE, but we'll see. Thanks for the kudos. Unlike many of the extremely diligent savers on this forum, I actually made a lot of money from running a company so I don't think I'm in the same league as far as discipline as many of the early retirees here. Hats of to them!
 
I hit quite a few milestones recently. I used to think $1M was more money than I would ever know what to do with.

I went from 860k in investments (not including home equity) to $1.2M in the last year thanks to diligent savings and of course the ridiculous rise in the markets.

I was just notified that I am now Flagship on Vanguard (> $1M in assets) which I have been dreaming about for a while (not that it really gets me anything, more just for the accomplishment).
 
So this is a milestone for me. I managed to get all of my assets trackable and into a spreadsheet to the point I can give myself the buffet test on a daily basis answering the question:

How well is my portfolio doing against the S&P500 at close each day.
Well so far this year in the 8 trading sessions we have seen, I am up 0.653131943687704% against the S&P500 Yay! :D
 
sengsational said:
I think it fits. Many posts here about financial milestones, but I've got a non-financial one:

Wrote an email to HR today about "job sharing opportunities" or otherwise not working full time. The answer will be a flat "no", but that's my due diligence. My next milestone will be to send another email "Since you can not accommodate my earlier request..."
Click to expand...
Sent the '2 week notice' letter today! They wanted a signed letter, so I printed out a one liner (...my last day will be January 24...), signed it, scanned it, and emailed it to HR. They probably want it to fight unemployment claims, I suppose.

I actually intended to have this done earlier, but they acted like they might actually agree to my working half time or less in 2014, month on/month off. I'd have been a big spender on travel if they had agreed to that! But alas, the ending offer was 3 weeks unpaid in the summer.
:LOL:
 
Net worth bumped over 2.5 million yesterday. Just waiting for year end bonus and some stock option vesting and I am outta here!
 
Paid off the mortgage on Monday! :dance:

Took early retirement a year ago, but wish I had found this site years ago. Oh well, still learning so it's still all good.
 
Sarpy said:
Paid off the mortgage on Monday! :dance:

Took early retirement a year ago, but wish I had found this site years ago. Oh well, still learning so it's still all good.
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Congratulations!! :clap::clap::clap:
 
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