Author Topic: I just bought 2 days per year of free life, indefinitely. 363 to go.  (Read 249518 times)

Dicey

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #250 on: January 22, 2018, 12:44:27 PM »
It can also decelerate at a gut wrenching pace.

We all (mostly) suffer from recency bias during this last bull.

Being at 20X and having a bad market crash take you to 15X while you save 75% of your income will be an interesting feeling to say the least.

It must be scary to see your net worth dropping like a brick while still saving and trying to increase it. Because I've only been investing for the past 4 years there have only been a few minor dips in my portfolio but nothing major.


I'm old enough to have lived (and invested) through the dot-com crash in 2000 and the 2008 recession.  Yes it is gut wrenching but in the past it has always bounced back.  Hopefully, future crashes will also follow this pattern.

You are a small percentage of the forum I would guess.

I wonder how it would feel for someone who has only invested through a bull run to experience 2008 all over again, didn't stocks take ~4.5 years to return to pre crash valuations? That's a long time to wait for newer investors (mentally, in the long run if they keep investing their portfolio value should recover faster).

I'm in the later pool, my investing career only began in 2012, so I am curious to see how I react.
I'm older, and I've seen a lot. It's all a mindset. Train yourself now that you're not going to panic and you'll appreciate the effort later. The crash of 2008 greatly accelerated my progress because i kept steadily adding $$$ to my investments all the way down. When the market recovered (and it always does), my NW zoomed. I view the next inevitable downturn as a buying opportunity.

kaypinkHH

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #251 on: January 22, 2018, 01:48:43 PM »
Arebelspy had suggested I add a calendar view to the freedomcalculator and your picture inspired me to do it.
Here's the updated version.
http://engaging-data.com/freedom-calculator/#calendarupdate


Very very cool! Thanks for doing this!

CCCA

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #252 on: January 24, 2018, 01:33:27 PM »
It can also decelerate at a gut wrenching pace.

We all (mostly) suffer from recency bias during this last bull.

Being at 20X and having a bad market crash take you to 15X while you save 75% of your income will be an interesting feeling to say the least.

It must be scary to see your net worth dropping like a brick while still saving and trying to increase it. Because I've only been investing for the past 4 years there have only been a few minor dips in my portfolio but nothing major.


I'm old enough to have lived (and invested) through the dot-com crash in 2000 and the 2008 recession.  Yes it is gut wrenching but in the past it has always bounced back.  Hopefully, future crashes will also follow this pattern.

You are a small percentage of the forum I would guess.

I wonder how it would feel for someone who has only invested through a bull run to experience 2008 all over again, didn't stocks take ~4.5 years to return to pre crash valuations? That's a long time to wait for newer investors (mentally, in the long run if they keep investing their portfolio value should recover faster).

I'm in the later pool, my investing career only began in 2012, so I am curious to see how I react.
I'm older, and I've seen a lot. It's all a mindset. Train yourself now that you're not going to panic and you'll appreciate the effort later. The crash of 2008 greatly accelerated my progress because i kept steadily adding $$$ to my investments all the way down. When the market recovered (and it always does), my NW zoomed. I view the next inevitable downturn as a buying opportunity.


Not as old as Dicey, but I mostly didn't look at our investments in the crash.  But we were still saving about $40k/yr in automatic workplace retirements.  At one point in 2009, I think I finally took a look at the carnage and looked around.  Lots of stocks were on sale, including AAPL, which has increased 15x in the past 9 years. 

Bird In Hand

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #253 on: January 25, 2018, 06:36:07 AM »
Arebelspy had suggested I add a calendar view to the freedomcalculator and your picture inspired me to do it.
Here's the updated version.
http://engaging-data.com/freedom-calculator/#calendarupdate


Very cool!  Did you get my PM about how to update the URL when changing the field values?

BeautifulDay

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #254 on: January 27, 2018, 07:44:42 AM »
Gained 2.5 days in less than a month.  Thank you very much market gains.  Less than 1 day was from savings, the rest market gains.

I've increased my estimated living expenses to 50k to give me more flexibility.  Was 40k. So new # of days of freedom = 34.15

NinetyFour

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #255 on: January 28, 2018, 05:53:19 AM »
I'm up to December 4th.  Getting close!!!

Slow&Steady

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #256 on: January 31, 2018, 02:09:53 PM »
At $60k/year and only looking a 401k/IRA

Feb-17 = 17 days
Sept-17 = 21.7 days
Oct-17 = 22.05 days
Dec-17 = 23.03 days

There should be a lot of changes in the next year; baby #2, SL paid off, new job (fingers crossed), DH company continue to grow, etc.  Some of these might not be so great for this number in the short term (baby #2, SL pay off) but we will see.  Hopefully, this number starts speeding up (increased contributions & compounding interest) because 0.5 days per month = an unacceptable  amount of work left for me.

At $60k/year and only looking a 401k/IRA.  Edited below to look at end of month instead of beginning of month.

Jan-17 = 17 days
Aug-17 = 21.7 days
Sept-17 = 22.05 days
Nov-17 = 23.03 days
Dec-17 = 23.71 days
Jan-18 = 25 days

Started the job on Monday!  I won't be able to contribute to 401k for the 1st 30 days and will be on maternity leave shortly after that so this will probably not grow to much for the 1st half of 2018 but then I hope to see it pick up some pretty good steam!

Jaayse

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #257 on: February 01, 2018, 02:35:27 PM »
April 14 - 66.9
July 24 - 72.32
October 1 - 85.18
November 1 - 89.49
December 1 - 91.60
January 1 - 94.16
February 1 - 99.53

I'm at April 10th now!  It feels really good to have more in investments than I owe on my condo (I don't include condo equity in this calculation).

Scandium

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #258 on: February 02, 2018, 09:14:01 AM »
To build off your example.

Someone spending 40,000
Stash 250,000
FIRE number 1,000,000

So today they are 25% funded. But they can't retire. Let's say they work 10 more years before pulling the trigger. Let's assume 2% inflation /year so 20% total for 10 years (simple math). That means, without any lifestyle creep, this person needs to replace 48,000 of spending, not 40,000. And thus their stash target has grown to 1,200,000 also. If they have hit their 1,000,000 target, they are not 100% funded, but only 83%.

Basically, however many "freedom days" you've bought now, they loose purchasing power with inflation just like anything else. You're investments, will out pass it, but you still need to take into account the time order difference.

The (2 year old) OP also needs to account for the fact that each "freedom day" gets more expensive as time goes on and they get closer to FIRE, as there is less time for compounding. With zero years to compound, rather than 7, each freedom day would obviously cost 25x spending, so $1,700 rather than $1k.

limeandpepper

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #259 on: February 02, 2018, 09:38:57 AM »
Hi everyone,

I really liked this thread so I went ahead and made an interactive javascript calculator that makes the same calculations.  How many "freedom days" have you saved up?  I was trying to think of a cool visual for it and came up with sort of a speedometer thingy.

http://engaging-data.com/freedom-calculator/

Haven't popped by this thread in a while so I just saw this, and I really like it! Thanks for making it and sharing with us. I really enjoy playing with simple straightforward no-fuss calculators like this. :)

NinetyFour

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #260 on: February 02, 2018, 11:33:56 AM »
I'm up to December 4th.  Getting close!!!

Now I'm at December 10th!

WhiteTrashCash

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #261 on: February 03, 2018, 07:39:08 PM »
This month, we made it all the way to May 10th. Almost five whole months so far. Feeling good.

urover

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #262 on: February 04, 2018, 02:00:47 PM »
My current expenses are 36000/year (high because of city living). But, assuming same expenses post-FIRE and 7% ROI, I need 1650$ per freedom-day. So far:

59 days down.
306 days to go.

68 days down.
297 days to go.

2Birds1Stone

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Roothy

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #264 on: February 09, 2018, 02:30:04 PM »
This is insane:

I just did my monthly update of my "days bought" measure and... I bought FOURTEEN DAYS in the last month.  This market run-up has been *bonkers*.  That blistering pace cannot last, of course, but man it's nice while it does. 

I'm up to Nov. 4!

And on THIS monthly update, I'm down eleven days from last month.  Easy come, easy go.  Back down to October 25.

Oh well... I started measuring this exactly one year ago, and set what I thought was a pretty aggressive goal of increasing my savings (by contributions and compounding) by 4 days a month.  Over the last 12 months, I have increased it 5 days a month on average instead.  So no complaints here!

zeli2033

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #265 on: February 17, 2018, 02:15:31 PM »
This thread/idea is awesome.

We are only up to January 13 but exciting to keep tracking this!

urover

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #266 on: March 04, 2018, 04:40:51 PM »
My current expenses are 36000/year (high because of city living). But, assuming same expenses post-FIRE and 7% ROI, I need 1650$ per freedom-day. So far:

59 days down.
306 days to go.

68 days down.
297 days to go.
70 days down.
295 days to go.

Jaayse

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #267 on: April 01, 2018, 03:16:02 PM »
April 14 - 66.9
July 24 - 72.32
October 1 - 85.18
November 1 - 89.49
December 1 - 91.60
January 1 - 94.16
February 1 - 99.53
March 1 - 98.25
April 1 - 99.81

A bit of a back track in March and now moving forward again.

Roothy

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #268 on: April 10, 2018, 02:42:55 PM »
Just did my monthly update of this metric.  I had planned, optimistically, to add 4 "endowed" days per month.  Call double that planned number a "big" move, and I get the following:

updated     days endowed     days moved since prior month

4/10/18     306 days             -8   down big
3/10/18     314 days             16  up big
2/10/18     298 days             -11 down big
1/10/18     309 days             14  up big
12/10/17   295 days             8    up big
11/10/17   287 days             3    up
10/10/17   284 days             9    up big
9/10/17     275 days             6    up
8/10/17     269 days             7    up
7/10/17     262 days             3    up
6/10/17     259 days             5    up
5/10/17     254 days             7    up
4/10/17     247 days             3    up
3/10/17     244 days             6    up
2/10/17     238 days             started keeping track

In short: volatility has really gone up, but I'm still steadily heading toward my goal.  I've averaged +4.9 days per month since I started keeping track a little over a year ago.  At this pace, I'll be done in a little over a year.

diapasoun

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #269 on: April 10, 2018, 02:45:58 PM »
Up 5 days so far this year. Not matching some of the big earners and advanced frugalists here, but it's progress and not shabby for a newb making five figures.

MoneyMouse

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #270 on: April 11, 2018, 12:35:06 PM »
I love this!

I just ran my numbers and, if I did it right, I have 15 days so far. That's a really lovely way of seeing it and I like the idea of a calendar at work! That'd really motivate me.

Just to be sure - how is everyone else calculating the return they're earning? I'd seen the 6.5% figure earlier in this thread and am going off that so far. Assuming I have a daily cost of $50/day and have $11,600 invested right now, does my math check out?

HPstache

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #271 on: April 11, 2018, 12:43:08 PM »
I'm now into March!

diapasoun

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #272 on: April 11, 2018, 01:26:48 PM »
I love this!

I just ran my numbers and, if I did it right, I have 15 days so far. That's a really lovely way of seeing it and I like the idea of a calendar at work! That'd really motivate me.

Just to be sure - how is everyone else calculating the return they're earning? I'd seen the 6.5% figure earlier in this thread and am going off that so far. Assuming I have a daily cost of $50/day and have $11,600 invested right now, does my math check out?

I'm not calculating a return on my earnings. I'm just using it as motivation right now -- how many days could I fund, RIGHT NOW, if I quit my job forever, irregardless of what those assets will look like in the future? So, I'm going simple:

-Cost of a forever day (for me calculated using a 3% withdrawal because I'm more conservative than many people on this forum), which is daily cost * 33.
-Liquid assets/cost of a forever day.

Is there anyone who is figuring the return in? Based on your math, MoneyMouse, I assume you are.

MoneyMouse

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #273 on: April 12, 2018, 02:41:30 PM »
I'm not calculating a return on my earnings. I'm just using it as motivation right now -- how many days could I fund, RIGHT NOW, if I quit my job forever, irregardless of what those assets will look like in the future? So, I'm going simple:

-Cost of a forever day (for me calculated using a 3% withdrawal because I'm more conservative than many people on this forum), which is daily cost * 33.
-Liquid assets/cost of a forever day.

Is there anyone who is figuring the return in? Based on your math, MoneyMouse, I assume you are.

That makes sense as another way to calculate things.

I am, yes. There's the 7% figure from the OP, and the more conservative 6.5% from Jeremy E. I'm using the 6.5%.

londonbanker

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #274 on: April 12, 2018, 02:47:12 PM »
I love this too.

My cost of living is set at Ł70k a year in today’s money. With a SWR of 3.25% ( I am risk adverse, stash has to survive 40+ years, and I have 2 toddlers).

Each day of freedom costs me about Ł6k... so far I am free until mid August- need another 140days worth of savings!

CCCA

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #275 on: April 13, 2018, 12:42:49 AM »
I've updated the financial freedom calculator/calendar to allow you to toggle between the two views (calendar view and gauge view) and added a button which lets you generate the URL with your parameters so you can save your values and share with others.  Thanks to @Bird In Hand for the code example that helped me with the URL part of the update.

haypug16

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #276 on: April 13, 2018, 09:04:55 AM »
Bought another forever day. Now up to 23 days for freedom! I think to stay on track I need to buy 2+ days a month. That's not happening at the moment but I expect that as my savings/investments grow the growth rate will increase and I'll be able to make up for the slower start.

23/365 days - 342 days to go!

StiffUpperLip

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #277 on: April 14, 2018, 02:13:09 AM »
We're at 18 days so just starting out, but loving this way of visualising progress. Cheated a bit in not counting childcare costs in annual spending but feels reasonable as we won't be paying that once we're free!

Joining the crew with a stealth FIRE tracker I can console myself with while at work, and none the wiser! (Going to print my calendar and stick in the front of the bullet journal I use for work as it goes everywhere with me).

beedub

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #278 on: April 17, 2018, 11:32:12 AM »
34.25 days, or Feb 3 as of today. This number will be fun to watch as it starts snowballing. Not a ton of change over the past month.

Sent from my SM-G892U using Tapatalk


hykue

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #279 on: April 21, 2018, 12:26:51 AM »
I just love this! Looks like we have 2 months out of the year cures, forever. This is so much more tangible to imagine! I think I will combine this idea with the art idea of shading in 365 leaves of a savings tree to represent our FIRE goal :)

I love the money tree idea!  I think I will do this too!

Oh man, if it weren't my bedtime . . . We're still paying off our mortgage, but that could be the tree's ROOTS! And then the leaves are the savings :) I'm ridiculously excited about this and might have to stay up late to do math :P

diapasoun

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #280 on: April 22, 2018, 03:33:41 PM »
I just love this! Looks like we have 2 months out of the year cures, forever. This is so much more tangible to imagine! I think I will combine this idea with the art idea of shading in 365 leaves of a savings tree to represent our FIRE goal :)

I love the money tree idea!  I think I will do this too!

Oh man, if it weren't my bedtime . . . We're still paying off our mortgage, but that could be the tree's ROOTS! And then the leaves are the savings :) I'm ridiculously excited about this and might have to stay up late to do math :P

I love this idea. Someone mentioned the bullet journal calendar; I like this as a tape-in option too. :D

urover

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #281 on: April 25, 2018, 10:03:30 AM »
My current expenses are 36000/year (high because of city living). But, assuming same expenses post-FIRE and 7% ROI, I need 1650$ per freedom-day. So far:

59 days down.
306 days to go.

68 days down.
297 days to go.
70 days down.
295 days to go.
72 days down
293 days to go.

hykue

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #282 on: April 26, 2018, 12:37:17 AM »
I just love this! Looks like we have 2 months out of the year cures, forever. This is so much more tangible to imagine! I think I will combine this idea with the art idea of shading in 365 leaves of a savings tree to represent our FIRE goal :)

I love the money tree idea!  I think I will do this too!

Oh man, if it weren't my bedtime . . . We're still paying off our mortgage, but that could be the tree's ROOTS! And then the leaves are the savings :) I'm ridiculously excited about this and might have to stay up late to do math :P

I love this idea. Someone mentioned the bullet journal calendar; I like this as a tape-in option too. :D

That is exactly what I did. It's lovely, and we just paid off a huge lump sum, so I get to color in most of the roots right now! Immediate gratification for the win!!

Phryne

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #283 on: April 26, 2018, 05:32:55 AM »
These last two months have been brutal (on the savings, the trip to Europe for my sister’s 40th was not!) combined with evicting a tenant & some subsequent repairs we’ll be lucky to gain 2 days this quarter. Will be cracking down hard on May spending to see if I can salvage something!

This is still the most motivating measure for me! Love it.

Imma

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #284 on: April 30, 2018, 10:30:14 AM »
I jumped to 4.17 days this month! From 3.83 last month. Should hit 5 in by the end of summer!

CCCA

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I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #285 on: April 30, 2018, 03:49:42 PM »
Hi all,
Another update to the calculator.  This time I've added the ability to input multiple savings amounts that correspond to multiple periods. 
https://engaging-data.com/freedom-calculator-periods/
You just need to enter different savings amounts (and names for the purposes of making a legend) for different periods, separated by a semi-colon(;).

It was inspired by a couple of posts of people who had color coded calendars with these different time periods and I wanted to replicate that. 


By the way it would be quite interesting to see what other peoples' calendars (of their FI progression) look like. You can just screenshot the calendar part (so you can't see the saving or spending text boxes).  I will also look into how to make a screenshot button on the calculator so it's easier to share.
« Last Edit: July 15, 2018, 03:00:36 PM by CCCA »

Norrie

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #286 on: April 30, 2018, 04:36:29 PM »
This calculator is absolutely badass. Thank you so much for the work that you’ve put into it.

I think that the most telling part for me is probably the value that I enter for annual spending. We feel good about our savings rate, but we need to tighten up our spending especially going forward. Thanks again. This rules.

CCCA

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #287 on: April 30, 2018, 08:10:06 PM »
This calculator is absolutely badass. Thank you so much for the work that you’ve put into it.

I think that the most telling part for me is probably the value that I enter for annual spending. We feel good about our savings rate, but we need to tighten up our spending especially going forward. Thanks again. This rules.


@Norrie, you are welcome.  It's been fun to learn all of the bits necessary to make a tool that people find useful.   Yes, the annual spending seems to have a big effect on the outcome.  Depending on how we feel, our expectations about future retirement spending could be as low as $60k and as high as $80k.  But that $20K difference yields a difference of half a million dollars in required savings.

Hirondelle

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Looks awesome! I'm at 25 days currently. I was just wondering if it would also be possible to have a similar feature on the cost side? Like a bare bones + a realistic spending level?

MrsDinero

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My glorious cubicle calendar......in three years, only one person has asked me what it meant.

https://forum.mrmoneymustache.com/journals/fire-by-thirty-five-chronicles-36-months-till-sabbatical!/msg1860531/#msg1860531

(I can't figure out how to link the picture here as it's sitting on a different computer)


Arebelspy had suggested I add a calendar view to the freedomcalculator and your picture inspired me to do it.
Here's the updated version.
http://engaging-data.com/freedom-calculator/#calendarupdate



I love this calculator!  I spent far too much time playing with different numbers to see how much money I need beyond my initial calculation. 

CCCA

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Looks awesome! I'm at 25 days currently. I was just wondering if it would also be possible to have a similar feature on the cost side? Like a bare bones + a realistic spending level?
Thanks! 
Regarding your question about varying the spending side, I’ll have to think about that one and how to implement it. But maybe it can be done.

CCCA

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My glorious cubicle calendar......in three years, only one person has asked me what it meant.

https://forum.mrmoneymustache.com/journals/fire-by-thirty-five-chronicles-36-months-till-sabbatical!/msg1860531/#msg1860531

(I can't figure out how to link the picture here as it's sitting on a different computer)


Arebelspy had suggested I add a calendar view to the freedomcalculator and your picture inspired me to do it.
Here's the updated version.
http://engaging-data.com/freedom-calculator/#calendarupdate



I love this calculator!  I spent far too much time playing with different numbers to see how much money I need beyond my initial calculation.

Glad it’s fun and useful. I’m going to try to make other tools so let me know if you have any other ideas. Thanks.

Jaayse

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April 14 - 66.9
July 24 - 72.32
October 1 - 85.18
November 1 - 89.49
December 1 - 91.60
January 1 - 94.16
February 1 - 99.53
March 1 - 98.25
April 1 - 99.81
May 1 - 129.12

With the sale of my condo I have jumped a bit, I'm more than a third of the way there!!!  I can't believe I'm still ahead of the current date with my savings, I have until May 9th to enjoy knowing that so far this year my savings could have covered it all (theoretically).

Jaayse

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #293 on: June 03, 2018, 09:46:43 AM »
April 14 - 66.9
July 24 - 72.32
October 1 - 85.18
November 1 - 89.49
December 1 - 91.60
January 1 - 94.16
February 1 - 99.53
March 1 - 98.25
April 1 - 99.81
May 1 - 129.12
June 1 - 133.36

Moving forward, I've made it to May 13th!

diapasoun

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #294 on: June 04, 2018, 01:33:03 PM »
Up 5 days so far this year. Not matching some of the big earners and advanced frugalists here, but it's progress and not shabby for a newb making five figures.

Now up to 7 days so far this year!

Dicey

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #295 on: June 04, 2018, 05:09:20 PM »
My glorious cubicle calendar......in three years, only one person has asked me what it meant.

https://forum.mrmoneymustache.com/journals/fire-by-thirty-five-chronicles-36-months-till-sabbatical!/msg1860531/#msg1860531

(I can't figure out how to link the picture here as it's sitting on a different computer)


Arebelspy had suggested I add a calendar view to the freedomcalculator and your picture inspired me to do it.
Here's the updated version.
http://engaging-data.com/freedom-calculator/#calendarupdate

I know I've said this before, but I love this thread. However, this upgrade is amazing. Almost makes me wish I wasn't FIRE. Snirt, NOT! But still, the journey would have been a lot more fun with tools like this.

CCCA, you are literally helping people gain years of their lives back. Fucking amazing! Or if you don't swear, in my best King Rat voice, "Not Bad. Not bad at all." Google it if you don't know the movie or the book. They're both old.


Imma

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #296 on: June 05, 2018, 11:08:35 AM »
What I love about this calculator is that it gives me one additional day of freedom!

I'm at 4.51 days currently, and the calculator makes that 5 :) At this point, that's still a big difference. I'm sure it doesn't feel that big once you're 308 days in. It's great to see a graph, even though I'm very far away from FIRE.



Slow&Steady

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #297 on: June 05, 2018, 02:15:27 PM »
There should be a lot of changes in the next year; baby #2, SL paid off, new job (fingers crossed), DH company continue to grow, etc.  Some of these might not be so great for this number in the short term (baby #2, SL pay off) but we will see.  Hopefully, this number starts speeding up (increased contributions & compounding interest) because 0.5 days per month = an unacceptable  amount of work left for me.

At $60k/year and only looking a 401k/IRA. 

Jan-17 = 17 days
Aug-17 = 21.7 days
Sept-17 = 22.05 days
Nov-17 = 23.03 days
Dec-17 = 23.71 days
Jan-18 = 25 days
May-18 = 27 days

Baby is here and I am back at work, I can't wait to see this number grow again (hopefully much faster). We didn't add anything while I was on leave but the market gave me a couple extra days.

Loren Ver

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #298 on: June 05, 2018, 03:09:34 PM »
I was just playing with the graph, it's very nice.  Thank you for both creating and sharing!

2Birds1Stone

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Re: I just bought 2 days per year of free life, indefinitely. 363 to go.
« Reply #299 on: June 05, 2018, 03:34:13 PM »
170 down, 195 to go!

How the tides have turned!

195 down, 170 to go!

210 down, 155 to go!

223 down, 142 to go :)

228 Down, 137 to go!

Thanks to some lower spending and aggressive savings,

270 down, 95 to go!

 

Wow, a phone plan for fifteen bucks!