Share Your FIRE Milestones - 2021

[treeofpain]

The first was to get to 55, in case I wanted to do rule of 72. $1M net worth happened around the same time.

The next 2 goals happened around the same time as well - reaching 59.5 and $1M investments. Net worth around $1.7M.

Just hit 60 and trying to figure out next steps between now and age 62 when I will consider early SS. Thinking of retiring and creating an income bridge to 62, taking into account ACA healtcare.

 

[Lawrencewendall]

Not a milestone per se. Closed out 2023 dividend earnings. I've been tracking my compounding dividends since 2016. Fidelity says I've earned 339k from dividends on dividends since 2016. 8th wonder of the world!

 

[F.I.R.E User]

Probably yes, unless you are heavily in equities and there is a downturn in markets.

They are 100% VTSAX.

 

[upupandaway]

When I first joined the forum I was wondering when I could post in this thread. I crossed the 1M net worth milestone last week at the age of 42. Like others have said there were no fireworks or parade thrown in my honor just a deep sense of pride from the journey and decisions that got my family to this point.

 

[anothercog]

When I first joined the forum I was wondering when I could post in this thread. I crossed the 1M net worth milestone last week at the age of 42. Like others have said there were no fireworks or parade thrown in my honor just a deep sense of pride from the journey and decisions that got my family to this point.

Congrats! That’s fantastic. The first $1M is the hardest.

 

[Andre1969]

I posted elsewhere, but figured I'd chime in here, as well. When I added up everything this morning, I barely crossed the $3M threshold. $3,000,521.

Oh and yes, the first $1M is definitely the hardest. In my case, it took me about 17 years from basically zero, to $1M. That would be 1998 to early 2015. Took about 5 years and 7 months to get to $2M. It would have been sooner, but that pesky Covid. It only took about 3 1/2 years after that to flirt with $3M. Although, that was some extreme circumstances...I'm not expecting to hit $4M all that quickly.

I have a spreadsheet, that hasn't been updated in a bit, that predicts I could hit $4M around June of 2028. So I guess it's somewhat possible? Even though $1M is a lot of money, it only takes a 33% rise to get from $3M to $4M. And throw inflation into the mix, that $4M in 4 1/2 years won't seem like $4M, today. I guess time will tell.

 

[F.I.R.E User]

All time high today: $742,500

Age: 46. No RE.

Hoping to reach $1M before 50.

 

[Finance Dave]

All time high today: $742,500

Age: 46. No RE.

Hoping to reach $1M before 50.

Congrats, keep chucking money in!

 

[Digger1000]

Hit 1.3 mil this week. Turned 58 yesterday. Retired Apr 2017 with 625k. No pension. Total spending last year 13,363.70

 

[The Cosmic Avenger]

Hit 1.3 mil this week. Turned 58 yesterday. Retired Apr 2017 with 625k. No pension. Total spending last year 13,363.70

Wow, nice job! You could easily spend twice that and still never run out of money.

 

[Alex The Great]

Hit 1.3 mil this week. Turned 58 yesterday. Retired Apr 2017 with 625k. No pension. Total spending last year 13,363.70

This is great! But I wonder how it is possible to live on $13K annually unless you are outside of US.

 

[Digger1000]

This is great! But I wonder how it is possible to live on $13K annually unless you are outside of US.

In the annual spending thread there was a guy under 11k. I think I saw another person also under my number. I was so disappointed, lol. In my 7 years of retirement I've spent less than 100k total, maybe closer to 95k.

 

[Letj]

In the annual spending thread there was a guy under 11k. I think I saw another person also under my number. I was so disappointed, lol. In my 7 years of retirement I've spent less than 100k total, maybe closer to 95k.

Wondering how that’s possible too. Do you own your house? What about medical insurance? Are you alone. Just really curious. Maybe you can share your monthly budget. My food alone would cost as much as your while budget.

 

[Digger1000]

Wondering how that’s possible too. Do you own your house? What about medical insurance? Are you alone. Just really curious. Maybe you can share your monthly budget. My food alone would cost as much as your while budget.

$0 health insurance premium with $0 deductible. I've only went to the dr once the past 10 years though.

$0 income taxes.

I rent, 750 a month. And I proudly have directv with 4 receivers. I have a smaller package with them for over 7 months a year but I have a larger package during CFB season when I watch 7 games at once (2 are streaming) every fall Sat noon-230AM. They currently are giving me $45 a month off, I call in every year to get a discount for the next year. My largest bill with dtv the past 7 months was $81 and att internet is included.

You can probably tell by now that I am a bachelor. LOL.

 

[Letj]

$0 health insurance premium with $0 deductible. I've only went to the dr once the past 10 years though.

$0 income taxes.

I rent, 750 a month. And I proudly have directv with 4 receivers. I have a smaller package with them for over 7 months a year but I have a larger package during CFB season when I watch 7 games at once (2 are streaming) every fall Sat noon-230AM. They currently are giving me $45 a month off, I call in every year to get a discount for the next year. My largest bill with dtv the past 7 months was $81 and att internet is included.

You can probably tell by now that I am a bachelor. LOL.

You sure can retire if you aren’t already. Travel would be a way to blow some dough.

 

[Digger1000]

I also got rid of my beater car in sept 22, not that it added much at all to my living expenses. I could get a new one but I dont like the asking price on cars these days. LOL. Ive bought 1 car since 1989. I bought a new tercel in 89 for 7k and kept that till 2011 when I bought a 97 accord for 2300 that I kept till sept 22.

 

[Letj]

I also got rid of my beater car in sept 22, not that it added much at all to my living expenses. I could get a new one but I dont like the asking price on cars these days. LOL. Ive bought 1 car since 1989. I bought a new tercel in 89 for 7k and kept that till 2011 when I bought a 97 accord for 2300 that I kept till sept 22.

Wow as long as you’re happy and not feeling deprived. With your networth you can definitely afford to live a little. There’s a whole new world out there to explore.

 

[kgtest]

Lucky 7's anyone?

Always mesmerizing to see 777,777.777... especially when it's your folio! NW keeps climbing above $1MM with RE and investments, yay!

Shouldn't be too long before we have $1MM in the markets, and then Roth Millionaire would probably be the next notable milestone, followed by paying off the mortgage and then ER after 100% FIRE success rates come in.

 

[street]

Great milestones everyone! I enjoy reading the success of others and wish all of you to reach your goal.

Digger1000 >>> That is very interesting and really not that unusual in small town USA. Homes can be bought for 8 to 15K and taxes are cheap and without a car it is a real. Many people spending less than 15 to 20k a year and are as happy and enjoy life.

 

[F.I.R.E User]

3 quarter millionaire today!

$750,000 all in index funds. No RE.

Over half million in 401k.

Age: 46. Hoping to be a millionaire before 50 so I can say I became a millionaire in my 40’s.

 

[Kork13]

Our total net worth is on the bubble of $2M! 37 & 38 y/o, estimating ~4.5 years to being totally FIRE-ready (upon me becoming pension eligible), though we might be justifiably FI by now.

My semi-annual NW check (1 Jan) was $1.95M. I'm not going to tally every last cent again for the arbitrary milestone, but continued market growth + new contributions have pushed our numbers most of the way there, if not already surpassed. Real estate values (primary & rental) are squishy figures anyway, and I err on the low side of those estimates, so we may have long-since passed the line. Of course, the market gives & the market takes, so I expect we'll ride this bubble for a while until growth/contributions push us solidly above $2M over the next 6-12 months.

But for the interim, I'll quietly cheer our (approximately) multi-millionaire status!

 

[steady saver]

When I first joined the forum I was wondering when I could post in this thread. I crossed the 1M net worth milestone last week at the age of 42. Like others have said there were no fireworks or parade thrown in my honor just a deep sense of pride from the journey and decisions that got my family to this point.

Yes, you should be very proud of this accomplishment! It just gets easier.

Congratulations!

 

[Retch The Grate]

When I first joined the forum I was wondering when I could post in this thread. I crossed the 1M net worth milestone last week at the age of 42. Like others have said there were no fireworks or parade thrown in my honor just a deep sense of pride from the journey and decisions that got my family to this point.

congrats, it is definitely a good feeling hitting that milestone, but a little anti-climactic as yeah, there are no noticeable changes or acknowledgements generally.

So: Huzzah! Congratulations! It's a big step!

 

[Out-to-Lunch]

Well done at your age!

 

[cyber888]

Hit 1.3 mil this week. Turned 58 yesterday. Retired Apr 2017 with 625k. No pension. Total spending last year 13,363.70

Congratulations. Maybe it's time for you to get more girlfirends and celebrate. Blow the Dough.

I truly hope you don't pass away with $10 Million spending less than $15,000 a year.