Huston55
Thinks s/he gets paid by the post
I rolled over a nice round number today. Well, it's probably more oval shaped now.
Ya mon! O0
I rolled over a nice round number today. Well, it's probably more oval shaped now.
Recently got back from a 7 month deployment. Surpassed the 100k mark in savings while gone. Really excited about the milestone. I am 32 and DW is 29. We are looking to be FI by the time I turn 40 with the option to ER. Still haven't pegged a hard ER number as our finish line.
You got me curious now so I went and checked..... since age 28, I have doubled at ages 29, 30.5, 31.5, 34, 37.5. The next double should be around 42/43 ish (i'm 38 now). Unfortunately, doubling time is stretching out longer and longer as the injected savings shrink relative to the increasingly large pot size.
Not bad for a kid who grew up without a pot to piss in, from a broken home, living in tiny trailer with 2 siblings, raised by a working mom who could only afford McDonalds once a week as treat to eat out. My childhood taught me a lot: to not repeat it!!
It's been a good 6 months for us. Sold one of my websites for $57K. House refinanced at 3.25%, will be paid off in 5 years. All debt gone. Total assets are up about $200K and we are bumping up against $1.5 million in assest (which is ahead of my schedule).
On track to retire at 53 or 54.
Not bad for a kid who grew up without a pot to piss in, from a broken home, living in tiny trailer with 2 siblings, raised by a working mom who could only afford McDonalds once a week as treat to eat out. My childhood taught me a lot: to not repeat it!!
We're living on a withdrawal rate of about 2.75% currently, which should help our portfolio continue to grow robustly. We'll edge that withdrawal rate upward when the first one of us reaches SS and Medicare age, then again when the second one does.
Congrats on your milestone - I would like to be at your level some day!
One question about the quote above - why would you increase the w/d rate upon reaching SS age? Wouldn't that be a time to decrease it, as you will be collecting SS?
Crossed the $1.5 million in savings for the first time ever yesterday (not including our house which we will sell when we retire in 15 months). We are very proud of ourselves. Not too many cops make enough money or have the will power to save anywhere near that kind of money.
Oh, cool...well if I throw in equity in the house, plus a few other things I forgot, I come up with $925K. So, woo-hoo, $900K threshold broken!
OK, here's my dubious milestone.
My recent illness has kept me at home, if not in bed. Hence, I have not been out spending money on frivolous stuff like travel, or dining, etc...
Thanks to Quicken, I could easily see that my expenses for the last 30 days, if extrapolated to a full year, would run a 2%WR annually. Wow!
And if I extended out to 60 days to capture some non-monthly bills, such as the semi-annual vehicle insurance bill, then it would be 2.16% WR annually.
Darn, being sick is cheap livin', particularly when one has already exceeded the $10K insurance deductible, which came out of an HSA account kept off Quicken and would not be counted anyway.
Just want to share a cost saving tip...
OK, with positive equity in the house, you are now talkin'...