Author Topic: Gauntlet: Long Term Net Worth Goals  (Read 84939 times)

arebelspy

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #250 on: December 02, 2015, 03:37:15 PM »
You can make a new set of predictions in the New Year, then laugh at them again a year from now!  :)
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
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Pooperman

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #251 on: December 02, 2015, 04:01:21 PM »
I'll play. Right now:

Jan 1 2015 (25 years old): 25k
Jan 1 2016 (26 years old): 65k
Jan 1 2017 (27 years old): 100k
Jan 1 2020 (30 years old): 300k
Jan 1 2025 (35 years old): 1M
Jan 1 2030 (40 years old): 2M

If I kept working and kept saving, I'd reach retirement age with about 15M. Far too much. Also, according to my 401k calculator, I should have enough to retire on by 45 according to Monte Carlo, so traditional shit agrees with me. Yay!

I'm at $57k now, looking like $60k maybe, not $65k like I predicted. However, not that far off and the markets did nothing at all. The yearly summary: could have done better or worse, didn't.

BBub

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #252 on: December 02, 2015, 04:20:23 PM »
These projections are for liquid assets only.  This maps out every year between now and FI.  A little lumpiness in the return/savings estimates, but it's close enough.  Will be interested to come back and check progress over the years!

Current: $155k

Dec 31, 2015: $275k
Dec 31, 2016: $400k
Dec 31, 2017: $500k
Dec 31, 2018: $650k
Dec 31, 2019: $800k
Dec 31, 2020: $1M
Dec 31, 2021: $1.1M
Dec 31, 2022: 1.25M (FI)

Sitting at $255, hopefully looking at $265ish by year end.

The yearly summary: could have done better or worse, didn't.
Ha.  +1

OurTown

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #253 on: December 07, 2015, 03:19:42 PM »
Jan. 1, 2017:  433
Jan. 1, 2018:  504
Jan. 1, 2019:  579
Jan. 1, 2020:  657
Jan. 1, 2021:  739
Jan. 1, 2022:  825
Jan. 1, 2023:  916
Jan. 1, 2024:  1,011
Jan. 1, 2025:  1,111
Jan. 1, 2026:  1,216

This assumes I make a 5% ROI and that I save a paltry 50K per year.  Any badass adjustments would significantly accelerate this process.

Wile E. Coyote

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #254 on: December 31, 2015, 05:56:24 PM »
The goals that I have in my current model are:

2014 $1.34M
2015 $1.56M
2016 $1.81M
2017 $2.09M
2018 $2.38M
2019 $2.71M
2020 $3.08M

Stretch goal is to move that $3.08M closer by a few years.

Has it been 6 months already?  Pretty much on track.

Updated goal numbers:

2014 $1.36M (actual)
2015 $1.59M
2016 $1.84M
2017 $2.12M
2018 $2.44M
2019 $2.79M
2020 $3.17M

Another year in the books.

2014 $1.36M (actual)
2015 $1.54M (actual)
2016 $1.84M
2017 $2.12M
2018 $2.44M
2019 $2.79M
2020 $3.17M


It looks like we will be shy of even my original goal this year, but keeping the remaining goals the same, but they are probably not realistic.  It's good to have stretch goals, I suppose.

Vilgan

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #255 on: December 31, 2015, 10:30:18 PM »
Fun thread idea, will have to remember to come back to update in the future.

Jan 1 2013: -10k net worth, 15k non-mortgage debt (school loans, old medical debt)
June 1 2013: 7k net worth, finally reduced non-mortgage debt to 0
January 1 2014: 20k net worth
Aug 28, 2014: 60k net worth

Goals:

Jan 1, 2015: 75k net worth
Jan 1, 2016: 150k net worth
Jan 1, 2017: 235k net worth
Jan 1, 2018: 325k net worth
Jan 1, 2019: 425k net worth
Jan 1, 2020: 550k net worth
Jan 1, 2021: 680k net worth, should be mortgage free
Jan 1: 2022: 830k net worth
Jan 1: 2023: 1MM net worth and FI around age 42 (not sure if I'll retire, but will likely try to reduce hours significantly)

This is individual net worth, the wife and I keep finances separate.

Jan 1 2015 was right on target at around 78k.

Jan 1 2016 net worth is 220k, nearly a year ahead of schedule! This is primarily due to increased income as the markets haven't really done much this year. Goal for next year is to hit the 2018 goal of 325k by Jan 1 2017.
« Last Edit: January 05, 2016, 09:18:19 AM by Vilgan »

lucky-girl

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #256 on: January 01, 2016, 07:32:46 AM »
What a great thread. I've already enjoyed scanning this thread and seeing your progress. And I'm ready to jump in.

Unfortunately, this year our net worth was down from the year before. Partly this was a result of bad performance of our portfolio in the market. Also partly as a result of a flat year with regards to savings. We sold a property early in the year and made the decision to put some of that money towards improvements to our house.

So- looking forward:

Today, Jan 1 2016: 750k
One Year: Jan 1, 2017: 817k
Two Years: 2018: 890k
Three Years: 2019: 965k
Fours Years: 2020: 1045k (I'll be 40)

This is a pretty conservative estimate with about 15k of savings each year, and a 7% increase due to appreciation and market movement. At this rate, we'd hit 1.5 million around my 45th birthday in 2025, and that might be enough to FIRE, specially since both SO and I tend to like to work and contribute (though I'd love part-time!).

Wouldn't it be nice to get there sooner!! Hopefully we can increase our savings, and maybe there will be a growth period in the market, or we'll finally get our act together and invest in some real estate. There is also the prospect of a pre-inheritance-style gift from my father, which would goose things considerably. On the other side of the coin, there is some talk about private school for my son. That could slow things down. We shall see.


muckety_muck

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #257 on: January 01, 2016, 08:04:49 AM »
I love this thread!
We are still catching up after having 2 kids, but we are on track and destined for great financial success!

Current Net Worth 1/1/2016: $889k
Projected 12/31/2016: $1M
12/31/2017: $1.17M
12/31/2018: $1.32M
12/31/2019: $1.47M
12/31/2020: $1.63M
12/31/2021: $1.8M
Expected year of FIRE, 12/31/2022: $1.91M (only working partial year)

We need to change our IRAs to lower cost mutual funds (I think currently they are in "actively managed" funds - oops! Pre-MMM mistake) This is pretty conservative and will be much higher if the markets actually go up in the next 6 years. ULTIMATE goal would be $2M by FIRE, but I'm not sure if we will be able to make it that high. Depends on many things (if we start investing in real estate/landlording, etc. not expecting any inheritances)
Follow our quest to FIRE in 2022! Side hustles, budgets, crazy ideas galore. http://forum.mrmoneymustache.com/journals/getting-serious-about-un-mucking-our-future/msg805487/#msg805487

nawhite

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #258 on: January 01, 2016, 09:33:44 AM »
Net worth = $0 by January 2014. And its going to be amazing!
If I count appreciation on my house (according to zillow which is fairly accurate in my area), I hit $0 net worth in early December. If I don't count the appreciation, I will hit $0 net worth last Friday but will probably drop down below $0 again before the next paycheck. From that point on though its UP UP UP!
I guess I need to go more long term now.

Current NW: $30k
Current Student Debt: $90k (assets are about $120k)

Jan 2015: $75k NW, $75k debt
Jan 2016: $130k NW, $50k debt
Jan 2017: $200k NW, $20k debt
March 2017: $250k NW, $0k debt

It's that time of year again!

I happened to log in to Mint again and found that I hit 100k NW this week which puts me about 25k ahead of my goal for January. I'm using numbers in Mint as my milestones even though I now think Mint overvalues my house by about 5-7% and doesn't include my HSA's (stupid employer plan). I think the final goal in March is a little bit of a stretch even without a possible market downturn between now and then so I'm going to just up the other goals to match up to it better:

Jan 2015 Actual: $105k NW, $68k non-mortgage debt
Jan 2016 Goal: $150k NW, $40k debt
Jan 2017 Goal: $220k NW, $15k debt
March 2017 Goal: $250k NW, $0k debt

Granted this might all change because this year I got a job I can work remotely from anywhere and my wife and I are dreaming about fulltime RVing while working so the numbers might change a lot between now and then.

I love this thread. Today, best bet, I'm around $213k net worth with 58k of student loan debt.

It could easily be plus or minus 20k because I include home equity in net worth (because we'll sell this house soon) and this year my house went up an obscene amount. According to Zillow, it's now worth 50% more than it was when I bought it but part of that is because of new solar panels so I'm kinda estimating.

The reason the student loan debt isn't lower is because as mentioned last year, my wife and I decided to start RVing full time starting around May 2016. We went down to minimum payments on the student loans to save up to buy an RV for $6500 and by the time we're ready to leave we will probably have put another $4-5000 into it and other equipment. You can read about it on our blog at http://therecklesschoice.com. It is amazing how slowly student loans go down when you do minimum payments.

I'll leave the goals the same and see where they land next year after we've been in the RV for a while. Congrats to everyone on their progress!
We live in an RV full time while still working remotely. Check it out at http://therecklesschoice.com

marty998

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #259 on: January 02, 2016, 06:29:51 PM »
Ok I'll play

Dec'14   $534k
Dec'15   $650k
Dec'16   $775k
Dec'17   $950k
Dec'18   $1100k


Dec'15 actual ~$712,000
Dec'16 $790,000
Dec'17 $925,000
Dec'18 $1,050,000

Can't bank on property valuation increases this year. Going to do it the old fashioned way - savings grunt work.

FrozenBits

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #260 on: January 02, 2016, 08:20:56 PM »
Here is the end of year update for us.  We increased our goals mid year and we still blew them out of the water!  Our home value increased 15k this year so that helped but we were still able to contribute about 80k towards investments and cash accounts.



Date    Added Per Year       Total Estimated        Added Per Year      Total Actual
               Estimated                                                   Actual

Year             
2014       $60,000                $106,700                    $62,200              $106,700
2015       $60,000                $177,869                    $96,666              $203,468
2016       $65,000                $259,141
2017       $65,000                $345,859
2018       $70,000                $443,721
2019       $70,000                $548,140
2020       $80,000                $670,226
2021       $80,000                $800,491
2022       $90,000                $950,154
2023       $90,000                $1,109,844
2024       $100,000              $1,290,904





Hopefully we can keep the momentum going for 2016!

SS

Bardo

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #261 on: January 03, 2016, 06:36:18 AM »
Posting for my future self

Current NW is about $32k. This year wont see a huge increase as i liquidate most of my savings to buy a house. I'm hoping the remaining years i am underestimating my contributions and the market performance. I also hope to get into landlording a little in the next few years.

goal/stretch goal
2015 - 40k/45k
2016 - 60k/75k
2017 - 75k/90k
2018 - 95k/110k
2019 - 115k/130k

And I think your future self will appreciate it.  I still have my 10-year plan spreadsheet from early 2004, and 12 years later I'm glad that I set out savings benchmarks early on. 

aceyou

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #262 on: January 03, 2016, 12:30:51 PM »
This seems like a good time to jump into this thread. 

Totals at the end of 2015
Total Assets:$569,405.00
Total Liabilities:  $191,114.00
Net worth including the value of my pension: $378,291.00
Net worth not including the value of my mention:    $277,942.00

Goals for the end of 2016
Total Assets: 600,000
Total Liabilities: 155,000
Net worth including pension value: $445,000
Net worth not including pension value: $325,000

Longer Term Net Worth Goals
1 Million not including pension when I'm 41 (I'm 32 now)
2 Million not including pension when I'm 48 (This is when I currently plan to retire from teaching)

monarda

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #263 on: January 03, 2016, 12:49:30 PM »
Only just saw this thread...

I've included all accounts ($120K), plus equity in real estate investments ($410K), and primary residence ($90K)

Some goals considering only conservative growth, rental income, principal payments to mortgages, small amount of additional savings.  I will likely save more to add to these numbers, but my job outlook is hazy for 2015, so not counting on being able to save much (but maybe I won't worry about it)

2014  $620K
2016  $750K
2018  $900K

1M by 2020 (age 60), preferably sooner.

Adjusting these values based on Zillow numbers (instead of my own guesstimates) and reducing expectations further due to lack of current employment (other than rental income)

current cash (140K)  rental equity ($410K)  primary residence equity ($103K)

2015 $653K
2016 $700K
2018 $800K

still could go for $1M by 2020, but it's more of a stretch now

Switching to January updates, and factoring in new job

end of 2015  $697K
end of 2016  $760K
          2017  $850K
          2018  $900K  (goal to be working  part time)
          2020  $1M  much more doable

Cookie78

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #264 on: January 03, 2016, 01:05:19 PM »
Not really net worth goals, but my investment goals are:

Current $45k
Jan 2016 $68k
Jan 2017 $100k
Jan 2018 $142k
Jan 2019 $195k

Hopefully in 2018 I'll sell my rental property (depends on market) and blow my 2019 goals out of the water. :p

Hit my first goal today!!

Actual Jan 2016 - $80k

My plans have changed a lot since I first made these investment goals. I need to put a little money in to my house this year in order to sell it in the next couple years, and have some other spendy plans that I'll need to do for FIRE plan purposes and so I might stick with my original goal of $100k. Chances are that should be quite easy. We shall see what happens. :)

steveo

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #265 on: January 04, 2016, 02:17:42 AM »
I don't really track net worth because my net worth is significantly higher than what I consider my FI asset level. I own a house with a mortgage that is probably now worth close to $1 million. I don't include the house value in my FI asset level as I have to live somewhere and if we are retired and for whatever reason money becomes a problem we can sell the house and downsize significantly or move to another area. A $1 million house where I live is far from anything that special as well.

End of 2015
1. No debt which consists solely of the mortgage (we might not make this but we will be close)
2. Super - $200k. This is assets that we can't use until we are about 65. We already have this amount but I couldn't be bothered to create a target here.
End of 2016
1. $100k in non-super assets. This will be really tough.
End of 2017
1. $200k in non-super assets. Again tough.
End of 2018
1. $300k in non-super assets. Again tough.
End of 2019
1. $400k in non-super assets. Again tough.
2. Super say $300k.

=> The allocation between super and non-super may be a little different but hopefully we are at about those numbers.

At this point I think we will work less and take more vacation time for the next 5 years as another buffer. If we choose to quit at any point it should be okay but we will have less to spend in retirement.

All of this is assuming we keep our jobs as is and the markets achieve 0% returns. Anything can happen over the course of 5 years so I guess we will just have to wait and see.

Just went through this thread and didn't realize I had posted on it. My goals have changed over that time however looking at this I feel these goals are pretty spot on although I'll simplify it a little.

The goal is to get to $700k plus a paid off house and then work part time for 5 years if possible.

As for this year the mortgage will be paid off in 2 days time. Our networth excluding our home is about $300k. I think we can shave a year off the times listed above assuming the markets over that time perform reasonably well. If not another year should do it.

NinetyFour

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #266 on: January 04, 2016, 06:41:25 PM »
These are guesses, but here goes:

NW July 2014:  $404,000
NW July 2015:  $465,000
NW July 2016:  $535,000
NW July 2017:  $615,000
NW July 2018:  $705,000
NW July 2019:  $805,000

I am confident of only the 1st number.  :)

As of tonight, my NW is $473,000, so I have surpassed my goal/guess for July 2015.  I will come back and post revised guesses for future NW values.

I'm not sure where I came up with those previous goals.  Here is my current prediction:

Current NW:  $480,507
January 2016: $570,000
January 2017: $670,000
January 2018: $779,000
July 2018:  $840,000 (and hopefully retirement, as I will hopefully have over $523K free and clear)

Well, I missed my January 2016 prediction, as my NW now stands at $528,717.  Boo.  I think I must tamp down the rest of the predictions as well.  Here is now what my crystal ball tells me:

Jan 2016:  $528,717
Jan 2017:  $630,306
Jan 2018:  $722,663
July 2018:  $784,925 (still when I hope to retire)
My Journal

Countdown to Freedom:  322 days

BBub

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #267 on: January 05, 2016, 06:22:06 AM »
These projections are for liquid assets only.  This maps out every year between now and FI.  A little lumpiness in the return/savings estimates, but it's close enough.  Will be interested to come back and check progress over the years!

Current: $155k

Dec 31, 2015: $275k
Dec 31, 2016: $400k
Dec 31, 2017: $500k
Dec 31, 2018: $650k
Dec 31, 2019: $800k
Dec 31, 2020: $1M
Dec 31, 2021: $1.1M
Dec 31, 2022: 1.25M (FI)

I came in light as well at $258k.  Still shooting for $400 by year end 2016.  Here goes!

Pooperman

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #268 on: January 05, 2016, 07:46:49 AM »
Jan 1 2015 (25 years old): 25k
Jan 1 2016 (26 years old): 65k
Jan 1 2017 (27 years old): 100k
Jan 1 2020 (30 years old): 300k
Jan 1 2025 (35 years old): 1M
Jan 1 2030 (40 years old): 2M

Jan 1 2015: $25k
Jan 1 2016: $57k
Jan 1 2017: $85k
Jan 1 2018: $115k
Jan 1 2020: $190k
Jan 1 2025: $450k
Jan 1 2030: $800k
Jan 1 2035: $1300k

zephyr911

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #269 on: January 05, 2016, 11:07:38 AM »
Today: 260K

I use my birth month (June) for annual milestones:

2016: 300K
2017: 390K
2018: 500K
2019: 575K
2020: 650K
2021: 700K
2022: 750K

I'm reaching the point where side work pays my bills - Air National Guard is around 18K and rising, and real estate should climb past 10K this year. I plan on staying ANG until 2022 (20yr retirement) and doing real estate as my FIRE job (I love it), so NW targets are fairly flexible, but I want to run the score up as high as possible, both to make sure I only quit once, and to increase my odds of a charitable surplus later on.
I am not a cog. I am an organizational lubricant.

onlykelsey

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #270 on: January 05, 2016, 11:33:30 AM »
I am new to MMM and have not been tracking my spending or net worth, but for the sake of getting things moving, this is what mint.com tells me:

December 2012: $76,330 (includes student loan debt)
December 2013: $139,757 (includes student loan debt but shows my first house purchase) +83%, +$63,427
December 2014: $201,385 (killed the student loan debt, wasted a bunch of money somehow) +44%, +$61,628
December 2015: $320,899 (got married for ~18K, and paid for a ~64K roof job) +59%, +$119,514.  This would have been a killer year without the marriage and roof, would have doubled my portfolio and been up $201,514

Looking forward, my goals will depend on kids (which we plan on trying for this year).  Assuming we had a kid this year and I was at my job for another 18 mos before doing something part-time, I think my near-term goals would be:

December 2016: $470,000, +46%
June 2017: $550,000, ~+40% annually


frugalfanny

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #271 on: January 05, 2016, 05:03:01 PM »
January 2015: $11k
January 2016: $27k
January 2017: $45k
January 2018: $62k
January 2023: $177k
January 2028: $280k

A reminder to try harder...
« Last Edit: January 06, 2016, 09:06:25 AM by frugalfanny »



ohyonghao

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #272 on: January 06, 2016, 11:16:08 AM »
Well, looks like we didn't do too shabby this year (goals are end of year):
Quote from: ohyonghao
2015: $140,000 (+70,000)
2016: $190,000 (+50,000)
2017: $250,000 (+60,000)
2018: $315,000 (+65,000) Milestone 1
2019: $385,000 (+70,000)
2020: $465,000 (+80,000)
2014: $  77,439
2015: $144,809 (+67,370)
2016: $190,000 (+50,000)
2017: $250,000 (+60,000)
2018: $315,000 (+65,000) Milestone 1
2019: $385,000 (+70,000)
2020: $465,000 (+80,000)

Looks like my math was a little off with the +70k, but I'll take it.  We were pretty aggressive this year with savings, and have decided to switch up the strategy a little bit.  Instead of focusing a lot on traditional IRA, we're going to first focus on the 401k, then use the IRA possibly each quarter to push money over, and maybe even up to tax season of the following year to take full advantage of tax savings.  We stretched this year to drop our taxable income below $60k for the tax savers credit and got it.  Looking forward to an amazing 2016.

TheFirstMan

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #273 on: January 07, 2016, 08:19:55 AM »
Currently, investments and cash is 249K.

Home value is about 280K, with 140K owed.

So net worth of 249K + 280K - 140K = 389K

01/01/16...389K
01/01/17...440K
01/01/18...533K
01/01/19...614K
01/01/20...725K
01/01/21...804K (of which about 360K is home equity and the house is paid off)

This is working from assumptions about inflation and our spending and income that are pretty pessimistic, as well as that we put an addition on the house. So if the market is reasonable, our spending is less, our income is up, inflation is low, and/or we don't do an addition, these could be upped but a significant percent.






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Re: Gauntlet: Long Term Net Worth Goals
« Reply #274 on: January 11, 2016, 01:20:21 PM »
Had this written out for a little while, but wanted to make it more permanent and have a place to check on my progress.
Recent grad, finishing a lower paying residency half way through 2015 and will be expecting a 6 figure income starting in June/July. 10 year plan, very rough estimate and not assuming pay increases/pay decreases(possibly coming in my field!). Will update as needed.

Today: -17k
End of:
2015: 15k
2016: 70k
2017: 135k
2018: 215k
2019: 295k
2020: 385k
2021: 480k
2022: 585k
2023: 700k
2024: 825k
2025: 960k (FIRE)

Ended 2015 with about 47k, new goal for 2016 is 100k. =)

Mazzinator

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #275 on: February 04, 2016, 11:27:56 AM »
Currently at NEGATIVE $60k net worth. ($97k debt in SL)

0 net worth early 2014
+$20k net worth July 2014
+$60k by end of 2014

1/1/2015: $55k
1/1/2016: $105k
1/1/2017: $160k
1/1/2018: $220k
1/1/2019: $280k
1/1/2020: $350k (husband will retire from active duty military in 2020 or 2021)

1/1/2016: $89K

Didn't make it to this years goal. But i'm still keeping the numbers the same for the future. Just have to push harder to reach them!!!
"This is the life I chose or rather the life that chose me." - Jay-Z

andy85

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #276 on: February 04, 2016, 12:19:10 PM »
Jan 1 2015: $25k
Jan 1 2016: $57k
Jan 1 2017: $85k
Jan 1 2018: $115k
Jan 1 2020: $190k
Jan 1 2025: $450k
Jan 1 2030: $800k
Jan 1 2035: $1300k
Dude...our NW outlook is extremely similar...should be fun to watch!

goal/stretch goal
2015 - 40k/45k
2016 - 60k/75k
2017 - 75k/90k
2018 - 95k/110k
2019 - 115k/130k
2015 Actual - 40,500

Pooperman

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #277 on: February 04, 2016, 12:37:03 PM »
Jan 1 2015: $25k
Jan 1 2016: $57k
Jan 1 2017: $85k
Jan 1 2018: $115k
Jan 1 2020: $190k
Jan 1 2025: $450k
Jan 1 2030: $800k
Jan 1 2035: $1300k
Dude...our NW outlook is extremely similar...should be fun to watch!

goal/stretch goal
2015 - 40k/45k
2016 - 60k/75k
2017 - 75k/90k
2018 - 95k/110k
2019 - 115k/130k
2015 Actual - 40,500

January really did a number on the NW total. $57k -> $49k. Some major expenses and bad market conditions to blame (mostly the expenses though).

dreams_and_discoveries

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #278 on: February 05, 2016, 07:14:59 AM »
I'm very impressed with all these targets, although I've been monitoring my NW for a few years, this is the first time I've actually set myself targets. He we go...

End 2015 actual £393,000

And targets for the future
2016   £498,000   
2017   £608,000   
2018   £723,000   
2019   £843,000   
2020   £968,000





Scubanewbie

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #279 on: February 09, 2016, 08:41:08 AM »
Love the concept of big lofty goals!  These are very aggressive (for us) so may need to adjust but its based on market growth of 7%, increasing savings 5% each year, and not taking into account any college savings ($6K/year) since they'll be spent pre-RE.  The only asset/liability other than cold hard cash is our house (assumed 2% appreciation per year) because we paid for cash cars and should be set for a few years on one and 10 years on the other.

This has us at $1M net worth in 5 years and over $2M in 10 years excluding the house.  $2M is my comfort level for feeling FI.  There's not a high likelihood I'll RE on it, but I place a pretty high priority on feeling secure so milestones like knowing I can live on $70K/year (3.5% SWR) make me breathe easier, even if I don't want to pull the plug on working.  My kids will be 16 and 13 at that point (aahhh!) so who knows what I'll want but the tentative plan is to RE shortly after they leave the nest (DH and I would be late-40s so late by MM standards and early by others).

EOY              Assets             Liabilities             NW plan              NW Actual
2015                 $540K              $91K               $450K           
2016                 $605K              $68K               $537K
2017                 $678K              $45K               $633K
2018                 $760K              $21K               $739K
2019                 $862K              $0                   $862K
2020                 $988K              $0                   $988K
2021                 $1,140K           $0                   $1,140K
2022                 $1,322K           $0                   $1,322K
2023                 $1,538K           $0                   $1,538K
2024                 $1,792K           $0                   $1,792K
2025                 $2,090K           $0                   $2,090K
2026                 $2,438K           $0                   $2,438K

markbike528CBX

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #280 on: March 09, 2016, 09:32:51 AM »
$2M by 2019.
   any 1% increment gain above that gets stuffed into mortgage (if it still exists).

It's enough for significant hedonic adaptation, - love that phrase.

Currently $1.6M (no home equity ~140K or mortgage debt 77K included).


edit for year, I got the year and our ages(55) in 2019  mixed up.

however, we were almost at 1.7M in 2015.
« Last Edit: March 09, 2016, 06:11:31 PM by markbike528CBX »

ender

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #281 on: March 09, 2016, 05:24:29 PM »

$2M by 2015.
   any 1% increment gain above that gets stuffed into mortgage (if it still exists).

It's enough for significant hedonic adaptation, - love that phrase.

Currently $1.6M (no home equity ~140K or mortgage debt 77K included).

You might want to revise this goal, as 2015 is already passed ;)

gecko10x

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #282 on: March 22, 2016, 12:50:47 PM »

Further broken down goal (all End-of-year):
2013: $78k
2014: $105k
2018: $300k
2021: $550k
2025: $1m
My current targets are:
2016: $225k
2017: $275k
2018: $340k
2019: $400k
2020: $475k
2021: $550k
2025: $1m

$225k achieved.

New targets, with added retirement targets:

EOYNWRetirement
2016:     $275k     $200k     
2017:     $335k     $240k     
2018:     $400k     $290k     
2019:     $465k     $340k     
2020:     $530k     $390k     
2021:     $600k     $440k     
2025:     $1M     $625k     
« Last Edit: March 22, 2016, 01:10:02 PM by gecko10x »

afuera

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #283 on: March 24, 2016, 08:53:05 AM »
It took us 2 years to go from -20K to 105K and for that first year we had not even learned The Way of The Mustache.
We currently down to 1 income so hopefully big lofty net worth goals will help us kick it up a notch
EOY             NW plan        NW Actual
2015              $100K             110K
2016              $175K
2017              $275K
2018              $400K
2019              $550K
2020              $725K
2021              $875K
2022              $1.0M






"The price of anything is the amount of life you exchange for it" - Henry David Thoreau

6/2017: INV-3.4x, NW-5.0x
Projected FIRE date: 2025
Journal.

Bateaux

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #284 on: March 24, 2016, 11:49:01 AM »
Considering a 5% overall return, paper investments are projected as follows for FIRE.  Assuming  $6,000 per month additional investment.   Also have 300k to 400k fully owned real estate not included in calculations.

FIRE 2018

2016  $1,300,000
2017  $1,440,000
2018  $1,588,000
*****Fire*********age 50


FIRE 2020

2016  $1,300,000
2017  $1,440,000
2018  $1,588,000
2019  $1,743,000
2020  $1,906,000
*****FIRE*********age 52

FIRE 2023

2016  $1,300,000
2017  $1,440,000
2018  $1,588,000
2019  $1,743,000
2020  $1,906,000
2021  $2,077,000
2022  $ 2,256,000
2023  $2,445,000
*****FIRE*********age 55 (minimum retirement age from employer)




“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.”
 ― Antoine de Saint-

Class of 2019

neo von retorch

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #285 on: March 24, 2016, 12:08:25 PM »
Current Net Worth: $270k (based on rental house value of $170k)
Next month... : $260k (based on purchasing new house valued at $395k, minus closing costs, escrow of taxes/insurance, etc.)

Estimated year-end:
YearInvestmentsReal EstateDebtsNet Worth
2016198k565k-409k354k
2018349k565k-366k547k
2020492k565k-331k726k
2025954k565k-237k1282k
« Last Edit: March 24, 2016, 03:00:18 PM by neogodless »

BBub

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #286 on: March 24, 2016, 12:43:19 PM »
These projections are for liquid assets only.  This maps out every year between now and FI.  A little lumpiness in the return/savings estimates, but it's close enough.  Will be interested to come back and check progress over the years!

Current: $155k

Dec 31, 2015: $275k [Goal achieved in March 2016]
Dec 31, 2016: $400k
Dec 31, 2017: $500k
Dec 31, 2018: $650k
Dec 31, 2019: $800k
Dec 31, 2020: $1M
Dec 31, 2021: $1.1M
Dec 31, 2022: 1.25M (FI)

Hanging out just below $300k.  Might hit $400 by year end, might not.  Who knows?

RetirementDreaming

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #287 on: March 24, 2016, 02:37:26 PM »
I love this tread!  Investable assets for me.  I'm already tracking behind my goals but I'm hoping to make it up.  FIRE number is 1.5M.  My husband wants to "officially" retire from his employer. End of 2019 before he is eligible.

   Goal YE   Actual YE   Variance
2011   $375    $371    ($4)
2012   $500    $437    ($63)
2013   $650    $605    ($45)
2014   $800    $748    ($52)
2015   $950    $846    ($104)
2016   $1,100       
2017   $1,300       
2018   $1,500       
2019   $1,750       FIRE 1/2/20


« Last Edit: July 12, 2016, 01:17:38 PM by RetirementDreaming »

Bateaux

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #288 on: March 30, 2016, 10:32:04 AM »
Rebounding back from some of the early year losses.  Gained back over $10,000 yesterday and if todays rally holds likely another $5,000.  Holding mostly stock mutual funds hurts when the market drops.  On the positive days the growth can be incredible. I'm now only a few ticks up from a new net worth highpoint. 
“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.”
 ― Antoine de Saint-

Class of 2019

catccc

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #289 on: April 20, 2016, 01:22:29 PM »
My February 2014 post:
we are at $474 at the end of 2013.

Hoping to reach $570K by the end of 2014

Not sure what to expect after that, but here's a guess:

2015: $680K
2016: $800K
2017: $925K
2018: $1,055K
2019: $1,190K
2020: $1,330K  I'll be 41

Update, not quite as far along as I'd like, but not for lack of trying.  We were awfully close to $570K at the end of 2014.  ($568K, to be exact.)  But 2015 ended at only $606K.  The goal for 2016 is now $680K, so we are about a full year behind.  I want to revamp the schedule to reflect this, but I also don't want to acknowledge that $1.33M in 2020 is quite a stretch...



clarkfan1979

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #290 on: May 10, 2016, 01:17:56 PM »
2016: 385K (today)
2019 600K (goal)
2060: 10 million (goal)

Wife currently works part-time. We should hit 600K in 3 years, at which point she can choose to work or not work. Beyond that, I would like to hit 10 million before I die and create some sort of low-income college student scholarship fund.

KisKis

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #291 on: May 11, 2016, 10:52:43 AM »
Fun.  Good job to everyone!  Supposedly having a goal at all is half the battle.  I've been tracking my own progress since 2007 after graduating from college and getting married in 2006.  $350k of our assets and all of our liabilities are our house.  (Note to self: Gap in actual vs. projected from to house valuation at $316k in actual numbers due to estimated reduction based on housing market dip.)  Everything else is investments and savings.

EOY                   Assets             Liabilities          NW                                Household income
2007                 $364K              $282K             $82K      -Actual            $50K
2008                 $354K              $271K             $83K      -Actual            $60K
2009                 $379K              $266K             $113K    -Actual            $63K  (+ Kid #1)
2010                 $400K              $248K             $152K    -Actual            $90K
2011                 $428K              $224K             $204K    -Actual            $94K  (+ Kid #2)
2012                 $480K              $190K             $290K    -Actual            $109K
2013                 $550K              $166K             $384K    -Actual            $122K
2014                 $623K              $140K             $483K    -Actual            $140K
2015                 $677K              $108K             $569K    -Actual            $137K
2016                 $781K              $24K               $757K    -Projected       
2017                 $870K              $0                   $870K    -Projected
2018                 $984K              $0                   $984K    -Projected
2019                 $1.1M              $0                   $1.1M     -Projected 

2021                 $1.3M              $0                   $1.3M     -Projected  - DH retirement goal ($1M in investments, age 37)
2032                 $2.4M              $0                   $2.4M     -Projected  - My retirement goal (minimum for pension, age 48)           


Wow, that pretty much sums up my life.

I prefer conservative projections.  Stretch goals always exist internally, but it's only a general motivation to beat projections, which has happened every year so far.  That last 14 year stretch of being the only worker may be a slog, but I am determined to stick it out for the pension, which would begin immediately.  Household income has probably gotten close to topping out.  I don't think we'll pass $160K, which is okay with us.  We're not very career oriented.  The big salary jumps have come because we're both competent, optimistic employees who are happy to be cogs on the wheel, so easy opportunities fell into our laps.  Only one job change between the two of us.  Our individual incomes have each tripled.  I am so grateful that things have turned out so well for us.  I never would have guessed coming out of college making $27K and $23K each, though to be honest, we started REALLY low for graduating from a top 10 university just because we were dumb and had no idea how to negotiate starting salaries.  Also we live in a rural area, so I felt at the time that the employers had the position of power.  I had an offer for $60k+ base salary in California post-graduation (a salary that I've only just reached now in Alabama), but DH's family is here, and thinking back now, while our financial position may have ended up better in a major metropolis, our setup here with family and other environmental assets can't be beaten.

« Last Edit: May 11, 2016, 12:46:30 PM by KisKis »

Kroaler

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #292 on: June 02, 2016, 04:36:41 PM »
I want to hit $1MM by the time I'm 30. My current trajectory has me falling short by ~$200K or so, but assumes my income doesn't change. So if I can keep my expenses low and secure some raises I think I can get there.

Were the same age with the same goal!

Jojje

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #293 on: June 11, 2016, 12:13:55 PM »
I'll join! We started our FI journey a year ago and this seems lika a nice way to review progress and historic NW goals, this is the household situation.

1€=10LoC

1Mars               Free assets       Pension            NW                                Household income
2015   (june)     €67K                €185K             €220K    -Actual              €106K    (SR r12-10%)
2016                 €167K              €209K             €284K    -Actual              €103K    (SR r12-49%)
2017                 €-                    €-                   €365K    -Projected
2018                 €-                    €-                   €450K    -Projected
2019                 €-                    €-                   €538K    -Projected 
2020                 €-                    €-                   €632K    -Projected
2021                 €-                    €-                   €730K    -Projected 
2022                 €-                    €-                   €833K    -Projected           
2023                 €-                    €-                   €941K    -Projected   - Retirement goal (1M age 42) 
2024                 €-                    €-                   €1,05M   -Projected 



MVal

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #294 on: June 23, 2016, 08:24:57 AM »
My stretch goal for this year is to hit $80,000. I really want to push to hit $100,000 by this time next year, but if the markets stay the same as this year, I'll probably fall a little short. I really want to come up with a good side gig whereby I could make an additional $5K+ per year because it's really giving me anxiety being below six figures. Plus, raising my income by $5K would allow me to rent my own place without cutting back on any of my current savings rate...I've been enjoying the economy of living with a roommate for many years, but I feel my life could expand more if I lived alone, since I'd have more room and freedom in the house to work on projects I've been wanting to do and have room to host family visits from out of town.
Proverbs 13:4
The soul of the sluggard craves and gets nothing, but the soul of the diligent is made fat.

Proverbs 13:11
Wealth obtained by fraud dwindles, but the one who gathers by labor increases it.

https://tickers.TickerFactory.com/ezt/t/wGp3WGH/savings.png

beege

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #295 on: June 26, 2016, 08:29:20 AM »

(Current - June 2014) - 429K
1 Year (June 2015) - 600K
2 Years (June 2016) - 800K
3 Years (June 2017) - 1MM


So June 2015 is right around the corner and I just did our finances for the month. Year 1 goal achieved (605K)! Getting to work on next year's goal now...

With all our aggressive spending reduction, it may not be necessary to make it to 1MM. We'll see how it looks next year.

OK I got the reminder on my phone to revisit this thread (thanks google calendar) so here's year two:

$750K: GOAL FAILED. We had more income than ever before but a move to a more expensive area and a flat stock market didn't help much beyond normal savings.

I had a reality check sometime this year and started calculating our liquid net worth since I resigned to the fact that we're paying off my SO's mother's place. In light of that I've revised the goals for the future. We are planning to move to a lower-rent area in 3 months, (our highest expense), get back into optimizing our grocery spending and possibly dump our unreliable car but my job prospects are unsure more than a year out at this point (exciting!) so there's a lot to account for in the upcoming years:

Liquid net worth (retroactively added past years)
June 2014 - $394K - actual
June 2015 - $547K - actual (goal met)
June 2016 - $692K - actual (goal failed by approximately $50K)
June 2017 - $842K - goal
June 2018 - $942K - goal
June 2019 - $1042K - goal
FIRE

Targeting around $1MM in liquid net worth for our FI number. We are going to be responsible for paying for my mother in law's HOA fees/mortgage for the foreseeable future so we need enough to cover that and as I mentioned my job might be going away next year and I'll probably have to take a lower paying one but we're getting pretty close to FI so we are already starting to have the confidence to pursue our dreams (move to a far away place and try living there for a year) and care less about money.
FIRE class of 2019

Cookie78

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #296 on: July 06, 2016, 12:21:05 PM »
Not really net worth goals, but my investment goals are:

Current $45k
Jan 2016 $68k
Jan 2017 $100k
Jan 2018 $142k
Jan 2019 $195k

Hopefully in 2018 I'll sell my rental property (depends on market) and blow my 2019 goals out of the water. :p

Hit my first goal today!!

Actual Jan 2016 - $80k

My plans have changed a lot since I first made these investment goals. I need to put a little money in to my house this year in order to sell it in the next couple years, and have some other spendy plans that I'll need to do for FIRE plan purposes and so I might stick with my original goal of $100k. Chances are that should be quite easy. We shall see what happens. :)

Hit my Jan 2017 goal today! :)

I'm at 101k now and want to dump another 8k in RRSP by the end of the year and put an additional 7.5k in my truck/camper/canoe fund. House repairs are coming along fine, but so far without costing me much at all besides time, effort, and a lot of DIY learning.


Ottawa

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #297 on: July 06, 2016, 12:42:24 PM »
Currently:
Property 300K
Portfolios 430K
Debts: 0
Current Pension value(2 people) : 350K ( no collect until 2032)
Net worth = 1.08M

End 2014 = 1.15M
End 2015 = 1.32M
End 2016 = 1.49M
end 2017 = 1.66M

However FIRE will be based on liquid portfolio...when it reaches 1 M hopefully at age 45
Currently 430-50k child education = 380k

End 2014 = 500k
End 2015 = 675k
End 2016= 863k
End 2017= 980k

Inspired by StudentStasher's badass progress, checked our progress.  Made the 2015 goal. Current NW 560K. Hoping to slightly overshoot 2015 goal...

Check in time.  I exclude pension value at this time as it really doesn't have bearing on ER since we don't collect for 16 more years.  Value is hard to estimate, but at present time it would generate 40K annually (indexed).  So, under the 4% rule it would be worth 1M.

NW - 1.5M
of which Liquid Portfolio is 1M. 

Why haven't we FIRE'd, since 1M was the goal?  Fear not!  Soon...However, since we enjoy our jobs, we will begin a weaning process.  Just to see if a life/work balance of about 75% work would be fun.  The other goal is to generate cash for some home renos, car replacement etc.  No more cash will be stashed at this time. 
Signing up for Tangerine Bank?  Let's both earn some cash!  Here is my Tangerine Key: 43684467S1  Cheers.

mr_orange

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #298 on: July 07, 2016, 12:33:03 PM »
Fun thread.  Thanks for starting it. 

Current net worth - About $1.08M
2015 End Target - $1.5M
2016 End Target - $2.0M
2017 End Target - $2.5M (FIRE)

Each year I plan to make about the same with the risk in our businesses going down each year through reduced contingent liability leverage, increased liquidity, and reduced overall long-term debt.  We also hope to minimize taxes as much as possible while trying to limit debt. 

Thereafter I plan to work on my businesses full time and have the flexibility to work as much or as little as I want to.  I really like working so I can't see sitting on the beach.

Tracking to $1.5M....maybe.  We are at about $1.325M right now.  If the stock market holds up or lifts a bit we will probably make it. 
12/30/16                                       06/30/17
Fire Totals:                                   Fire Projections:
-$7k/month - 68.1% Funded             86.1% Funded
-$8k/month - 59.6% Funded             75.4% Funded
-$9k/month - 53.0% Funded             67.0% Funded
-$10k/month - 47.7% Funded           60.3% Funded

-Calculus gives speculation the deceptive guise of investment ~Benjamin Graham
-The future ain’t what it used to be ~Yogi Berra

arebelspy

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #299 on: July 07, 2016, 06:47:56 PM »
Fun thread.  Thanks for starting it. 

Current net worth - About $1.08M
2015 End Target - $1.5M
2016 End Target - $2.0M
2017 End Target - $2.5M (FIRE)

Each year I plan to make about the same with the risk in our businesses going down each year through reduced contingent liability leverage, increased liquidity, and reduced overall long-term debt.  We also hope to minimize taxes as much as possible while trying to limit debt. 

Thereafter I plan to work on my businesses full time and have the flexibility to work as much or as little as I want to.  I really like working so I can't see sitting on the beach.

Tracking to $1.5M....maybe.  We are at about $1.325M right now.  If the stock market holds up or lifts a bit we will probably make it.

It'd have to be a really good stock market run to affect your net worth six months in the past. ;)
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with a kid.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (occasionally) blog at AdventuringAlong.com.
You can also read my forum "Journal."