Author Topic: Time to double - milestones  (Read 1521 times)

Hapenny

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Time to double - milestones
« on: February 11, 2019, 10:00:19 PM »
Hey all! I am noticing that I am accumulating faster and faster. Thought it would be interesting to see when folks hit various money milestones. I’ll start:
2007: 500k
2015: 1.2M
2019: 2.6M
I’m hoping that means it’s 2 years to double again, but I expect ours will slow down or even reverse when I take the leap. Would love to see others time to double, and if there are some folks who have numbers after income stops I’d love to see it!

marty998

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Re: Time to double - milestones
« Reply #1 on: February 14, 2019, 01:56:27 PM »
You've had a 10 year bull market where your market has quadrupled, so in some respects that isn't surprising to see.

For me, it's been our housing market driving the gains, but also savings contributions have made the most part of the increase.

Dec 2012: $295k
Jun 2015: $600k
Jan 2019: $1.2M

2015-2017 was very good to me before the speed bump that was 2018. 2019 is off to a flying start though with the sharemarket rebound.

I expect to be FIRE before I get to $2.4m, but for various factors (housing, superannuation) $2.4m is not going to generate $60k at the 4% SWR. Remains to be seen how I plan the end game.

 

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