Share Your 2024 Milestones

[Dash man]

I’ve seen a few scattered threads for various milestones and looked for a 2024 general milestone thread and couldn’t find one. So I thought I’d start one.
Moderators can merge as they see fit.

After reading a thread of a new millionaire, I decided to review my holdings. I was pleased to find we had added another $1M to our previous milestone. I was surprised because we have spent a lot over the past year on solar, a new roof and siding, plus an expensive bow window replacement.
Life is good.

 

[street]

I just looked also and gained one in the last 12 months. Wow!

 

[Dash man]

Congratulations!

 

[Koolau]

Can't claim a "new" million lately, but I haven't done badly for all the extra spending I've been doing.

 

[teej1985]

I crossed $800k for the first time in March - and stayed above it - barely - in April.

 

[Lewis Clark]

The million I gained over the past year makes up for the one I lost in the previous year.

 

[pacergal]

Definitely didn't gain a million, but our accounts are the highest they have ever been, so that is wonderful to me.

 

[anothercog]

I’ve seen a few scattered threads for various milestones and looked for a 2024 general milestone thread and couldn’t find one. So I thought I’d start one.
Moderators can merge as they see fit.

After reading a thread of a new millionaire, I decided to review my holdings. I was pleased to find we had added another $1M to our previous milestone. I was surprised because we have spent a lot over the past year on solar, a new roof and siding, plus an expensive bow window replacement.
Life is good.

This market is gangbusters. I'm up $1 million since last fall. Just crossed a very significant milestone for me. $7.5 million invested. @4% that's $300k/year which should support my current lifestyle, taxes, marketplace health insurance with a little cushion.

Work has been crazy stressful so if I get offered a package this year I'll likely take it. Though I'm only 54 so I may not make the age threshold of 55 which was the cut off last time it was offered. Hopefully next year though.

 

[F.I.R.E User]

$824,300 NW. All index funds. No RE.
46 year old single male. No kids.

Hoping to reach $1M before 50.

 

[ArmchairMillionaire]

My initial goal was to have $1M in investments + savings by the time I was 50. I made it at age 49 a few years back. My 2nd goal was to have $1.5M by the time I retired at 55. I reached $1.5M last month. It went down $70K in the next 2 weeks but then rebounded back to $1.5M so this past week I re-allocated from a 75/25 mix to a 60/40 mix. Hopefully I'll retire in January next year at 54.

 

[f35phixer]

Finally crossed 1 Mil from my TSP account....

 

[F.I.R.E User]

My initial goal was to have $1M in investments + savings by the time I was 50. I made it at age 49 a few years back. My 2nd goal was to have $1.5M by the time I retired at 55. I reached $1.5M last month. It went down $70K in the next 2 weeks but then rebounded back to $1.5M so this past week I re-allocated from a 75/25 mix to a 60/40 mix. Hopefully I'll retire in January next year at 54.

Personally I don’t know if $1.5M will be enough for me but I am 46 today.

 

[ArmchairMillionaire]

Personally I don’t know if $1.5M will be enough for me but I am 46 today.

I think 1.5M should be enough for us. We live a rather simple life. Right now with both of us w*%king we averaged about $2.5K a month in spending over the last 12 months while putting the rest into our retirement plans. If we start out next year and withdraw $45K (3% of $1.5M) and my retirement plan automatically withholds 20% for taxes, that will leave us with $36K for the year, or $3K per month. Of course, we'll have to be responsible for our own insurance so we'll see how it works out for the first year and adjust as time goes on. Maybe the next year I'll bump up our withdrawal rate to 3.5% ($42K or $3.5K/mo.) or even 4% ($48K or $4K/mo.)
If FIREcalc is correct, it shows:

"Your spending in every year after the first year will be adjusted for inflation, so the spending power is preserved.

FIRECalc looked at the 109 possible 45 year periods in the available data, starting with a portfolio of $1,500,000 and spending your specified amounts each year thereafter.

Here is how your portfolio would have fared in each of the 109 cycles. The lowest and highest portfolio balance at the end of your retirement was $249,556 to $17,076,895, with an average at the end of $4,049,367. (Note: this is looking at all the possible periods; values are in terms of the dollars as of the beginning of the retirement period for each cycle.)

For our purposes, failure means the portfolio was depleted before the end of the 45 years. FIRECalc found that 0 cycles failed, for a success rate of 100.0%."

You only live once, right?

 

[tmitchell]

For those of you who are up $1M what’s your asset allocation?

 

[F.I.R.E User]

I think 1.5M should be enough for us. We live a rather simple life. Right now with both of us w*%king we averaged about $2.5K a month in spending over the last 12 months while putting the rest into our retirement plans. If we start out next year and withdraw $45K (3% of $1.5M) and my retirement plan automatically withholds 20% for taxes, that will leave us with $36K for the year, or $3K per month. Of course, we'll have to be responsible for our own insurance so we'll see how it works out for the first year and adjust as time goes on. Maybe the next year I'll bump up our withdrawal rate to 3.5% ($42K or $3.5K/mo.) or even 4% ($48K or $4K/mo.)
If FIREcalc is correct, it shows:

"Your spending in every year after the first year will be adjusted for inflation, so the spending power is preserved.

FIRECalc looked at the 109 possible 45 year periods in the available data, starting with a portfolio of $1,500,000 and spending your specified amounts each year thereafter.

Here is how your portfolio would have fared in each of the 109 cycles. The lowest and highest portfolio balance at the end of your retirement was $249,556 to $17,076,895, with an average at the end of $4,049,367. (Note: this is looking at all the possible periods; values are in terms of the dollars as of the beginning of the retirement period for each cycle.)

For our purposes, failure means the portfolio was depleted before the end of the 45 years. FIRECalc found that 0 cycles failed, for a success rate of 100.0%."

You only live once, right?

I am single, no kids. I am not sure what my expenses will be and I am to retire no later than 60.

For those of you who are up $1M what’s your asset allocation?

VTSAX. Almost $1M.

 

[f35phixer]

TSP - G - 24, C - 37, S -22, I - 17
My FIDO i'm sniffing a Mill
FSKAX 49, FTIHX 9, FAGIX 28, FTBFX 14

 

[anothercog]

For those of you who are up $1M what’s your asset allocation?

95%+ equities, mostly index funds. I'd be up a lot more if I hadn't held onto my employer stock for so long. It's been a perennial loser for nearly a decade.

 

[ArmchairMillionaire]

For those of you who are up $1M what’s your asset allocation?

Originally I was 33% Vanguard 500 index, 33% Small-Cap Index and 33% Vanguard International Growth Fund. (those were the closest available in my 401(k) plan that matched The Armchair Millionaire Model Portfolio) I kept that allocation for 15+ years. When I was 5 years from my planned retirement, I added some total bond index for an allocation of 25% each fund.
Now that I've reached my goal, My allocation is 40% total bond index funds, 20% each of 500 index, small-cap index, and international index funds for a 60/40 mix.
That's what worked for me. YMMV.

 

[Dash man]

For those of you who are up $1M what’s your asset allocation?

We’re about 70/30 Equities to fixed income.

 

[Harris4crna]

For those of you who are up $1M what’s your asset allocation?

VTI--> 30%, TSP (C/G) + Roth (TSLA/FBTC)--> 30%, Crypto (BTC/SOL)--> 30%, Cash (MMF)--> 10%

Income: Dual Military Pensions + PRN

 

[F.I.R.E User]

825,600 NW is now my all-time high. No RE. Age 46. Quest for $1M before 50 is very much alive.

 

[anothercog]

Crossed a very significant milestone today for the first time. NW has crossed $10 million. $8 million in securities, $2 million in home equity. Market performance has been astounding this year though I definitely have a risky AA and AAPL now makes up nearly 15% of my portfolio.

 

[Dash man]

Crossed a very significant milestone today for the first time. NW has crossed $10 million. $8 million in securities, $2 million in home equity. Market performance has been astounding this year though I definitely have a risky AA and AAPL now makes up nearly 15% of my portfolio.

AVGO is about 10% of our portfolio, which is higher than I like. We even put some in our donor advised fund and sold off a small amount. It’s the gift that just keeps giving.

 

[F.I.R.E User]

$861,800 NW.

Age: 46.

 

[Harris4crna]

Crossed a very significant milestone today for the first time. NW has crossed $10 million. $8 million in securities, $2 million in home equity. Market performance has been astounding this year though I definitely have a risky AA and AAPL now makes up nearly 15% of my portfolio.

Listening to Richard Bernstein recently he states a risk tilt is essential to best the S&P. Appears you are evidence of this. My portfolio reflect this as well. Congratulations