Huge Milestone - $5M!!

EastWest Gal said:
Congratulations! I see that you crossed $4M under 4 months ago. You must have some serious income. If I were you, I wouldn't wait another two years.
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I saw the OP announced his $4M milestone in Oct 2024. We are now in 2026, not 2025. :)

So it's 15 months for the additional $1M. Still, very good portfolio growth.
 
NW-Bound said:
I saw the OP announced his $4M milestone in Oct 2024. We are now in 2026, not 2025. :)

So it's 15 months for the additional $1M. Still, very good portfolio growth.
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Yep pretty good. If a person is working and has a salary and investments growth things will compound pretty fast.

I looked about how long it took me on the last million. Relying only on investment growth and minus all expenses it took me 18 months. At end of month numbers I'm usually lower then most here.
 
Congratulations! Please consider making some plans on how to give back. There are a lot of good kids and families that can use some help. Helping others gives you great satisfaction in life.
 
brokrken said:
As of yesterday's close, our NW excluding real estate crossed the $5M mark. Figured I should post this now because it looks like we'll drop below after today. :ROFLMAO: I have to pinch myself as I think back to where we started back in '09 with a couple hundred grand. Unfortunately, my FIRE date keeps getting pushed back. The long term incentives/stock at work are just too much to walk away from in good conscience. Currently aiming for April 2028.

Thanks to all on here who's wisdom has helped lead me down the straight and narrow for the last 10 or so years. Hoping I can post a $6M at some point!
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What a great achievement! Congratulations!
 
You must of had an aggressive strategy to make such gains. You should consider getting a bit more conservative in your allocations, now that you are getting close to your launch date.
 

Congrats. Retire now.

5M isn't enough?
It seems to me that some people have forgotten what “normal” actually looks like.
I retired with less than a third of that amount. We don’t have pensions and won’t ever receive an inheritance.
If someone belongs to a golf club, drives expensive German cars, eats at high-end restaurants, flies first class, stays in luxury hotels, and lives in places like NY or CA, then sure, their annual spending will easily start at $200–250K.
At that point, suddenly a 5% withdrawal rate doesn’t feel “safe” enough.
How do I know this?
Because my 70+-year-old brother-in-law still works and lives that lifestyle, while I retired at 61.

Our annual expenses are under $100K. And since our portfolio has more than doubled, we feel very secure.
Again, there’s a huge range between a Civic and a BMW 740i; someone can find a great midrange vehicle.
Let’s come back to earth.
 
Congratulations on an outstanding milestone! Did you think when you started that you would end up with a portfolio that large? How much more do you think you need to comfortably retire?
 
I am not appreciating the preaching and judge-mentalism that's beginning to come through in some posts on this thread. It doesn't help OP or move the discussion along IMO.

All of us here could be judged similarly, as the amount of our individual stash's is all relative anyway.
 
ElizabethT said:
I am not appreciating the preaching and judge-mentalism that's beginning to come through in some posts on this thread. It doesn't help OP or move the discussion along IMO.

All of us here could be judged similarly, as the amount of our individual stash's is all relative anyway.
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Right on! Lifestyle is personal. Some prefer to spend their hard earned money on experiences and if they have enough of it, more power to them.

Congrats to the OP for reaching a significant milestone! While the “money doesn’t buy happiness” mantra is true, life is much more enjoyable when there’s financial security. And unless we’re talking multiples of the OP’s net worth, it never feels secure enough, at least for me.
 
livingalmostlarge said:
Congratulations and good luck! I pray you don't make it to 2028 and decide it's enough!
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I pray you make it to 2099. :ROFLMAO: Congrats OP. You do you. My only advice is to start figuring out what retirement looks like for you other than the $ part. The finances were the easy part for me. They either work or they don't. It's the who am I now part that can be difficult. Good luck.
 
Congratulations!!!

Love to read these posts. Took wife and I a while to take the foot off the accelerator, slow down and start to enjoy the assets we accumulated.

The love of my life and I are currently hanging at a beach town in Costa Rica (Tamarindo) this winter. And wondering how many of my “Early Retirement” brothers and sisters are here with me.

Come on down next winter when it’s cold at home.

The beer is on ice and waiting for you!!!
 
ElizabethT said:
I am not appreciating the preaching and judge-mentalism that's beginning to come through in some posts on this thread. It doesn't help OP or move the discussion along IMO.

All of us here could be judged similarly, as the amount of our individual stash's is all relative anyway.
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Yes. The OP is relatively young at 49. And several of us with that net worth or more still don't want to pay for better airplane seats, even though we are older and closer to that hole in the ground. :)

The OP does not say what his job is or if he enjoys his work. When I retired at 55, I was working part-time on a well-paid contract work, and would have continued indefinitely if it were not for office politics because it was technical work that I truly enjoyed. I already had plenty of time to travel, and could not be a perpetual traveler anyway. Might as well go to the office/lab to design and build something and get paid for it.
 
That is a great accomplishment for a person of any age, but especially so at your young age. My only advice would be to also spend time figuring out how you would spend your time in retirement, and you will then have a better ability to weigh that against the $ benefits/joys of continuing work.
 
ElizabethT said:
I am not appreciating the preaching and judge-mentalism that's beginning to come through in some posts on this thread. It doesn't help OP or move the discussion along IMO.

All of us here could be judged similarly, as the amount of our individual stash's is all relative anyway.
Click to expand...

It's like the old George Carlin joke, something like: "Ever notice that anyone that drives faster than you is a MANIAC, and anyone that drives slower than you is an IDIOT?"
 
EastWest Gal said:
Congratulations! I see that you crossed $4M under 4 months ago. You must have some serious income. If I were you, I wouldn't wait another two years.
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Actually, more like 1 year and 4 months ago. It was October of 2024, not 2025 :ROFLMAO:
 
427Vette said:
Congratulations on an outstanding milestone! Did you think when you started that you would end up with a portfolio that large? How much more do you think you need to comfortably retire?
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When we started tracking in 2009 we had a goal of $3M by 2032 (my age 55). We have outperformed quite nicely and surprisingly.
 
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