Author Topic: Gauntlet: Long Term Net Worth Goals  (Read 116414 times)

webguy

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #400 on: July 03, 2017, 09:27:13 PM »
I want to join in and set myself some public goals so that I'm held accountable.  My goals are:

Current NW:  $420k
Jan 1 2016:  $650k
Jan 1 2017:  $950k
Jan 1 2018:  $1.1M

I need to update my goals!

Current NW:  $1.1M
Jan 1 2017:  $1.25M
Jan 1 2018:  $1.6M
Jan 1 2019:  $2M

Jan 1 2017:  $1.26M

Phew, just made it! I have no idea how 2017 is going to go income-wise, so I'm sticking with my $1.6M goal for now and I'll revisit in 6 months...

Another 6 months have gone by so I'm revisiting to update the goals a little bit..

Current NW:  $1.535M
Jan 1 2018:  $1.75M
Jan 1 2019:  $2.2M

Dicey

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #401 on: July 04, 2017, 08:00:11 AM »
Ok I want to get in on this too. ARS I like how you laid out the 'goal/underrun format' I'll call it.

I would like to have $1mil Net Worth by age 40.

I'm about to turn 27, so that means I have 13 years to go.
I am at $100k right now, so that means I have $900k to go.
That means I need to increase my NW by $70k per year.

Currently I make around $75k
after tax around $66k-68k
I spend around $25-30k
So I should be increasing my net worth based on savings alone by $36 - 42k per year (assuming no market dips -not a safe assumption)

That's a $28k per year gap at the low end, and $44k gap at the high end.

When put this way, the gap seems huge. I feel like I'm doing pretty good, but in reality, I have a substantial gap to make up each year..with no immediate prospects of how to do it (i.e. I don't own a bunch of rentals, am not trying to skim money through options, but am considering all the above. Also I could just wait till my salary increases and it will probably get a lot easier to close the gap around 35 haha)

Now this assumes:
1) no salary increases - unlikely assumption
2) no market returns - unlikely assumption
3) no change in spending - unlikely assumption (currently I'm single, and doubt that whoever I find to marry can live off of $0 dollars. but at that point the goal posts will likely change anyway. I've picked the $1mil number because it relates to $40k of annual spend, so there is room for increased spending if you look at it that way.)

anyway, it's good to put it out there. And to start thinking about how I can make up that $28k per year gap.
That's the beauty of compound interest. It  will do the heavy lifting for you. Keep doing what you're doing and eventually your investments will out earn you. The "gap" will take care of itself. You're off to an excellent start,
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skip207

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #402 on: July 11, 2017, 01:33:34 PM »
Revised our plans over the last 6 months and also added some growth.  All my previous numbers have been based on 0% (i.e tracking inflation).  Now I am using 2% (over inflation).

This has taken some years off our FIRE date. 

I think we could hit 1M in 2025.  Previously I thought 2030.

Then the second part of this analysis that we did was do we *really* need 1M.  The answer is probably not, so we may be FI around 2022/3.  If we could RE in 2023 we would be really happy, but might do a couple more years and work down over that time.


SwordGuy

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #403 on: July 12, 2017, 05:38:50 AM »
Ran across this posting of mine on this thread from quite a few years back and thought I would give an update:

For me, net worth isn't a useful measurement for FI.  That's because I have no debt and don't intend on selling my house, cars, or other household furnishings.

So I'll focus on current assets that can be used to support FI.    I'll assume the market only keeps pace with inflation, i.e, no compounding, so I'll ignore earnings and just list amounts in current dollars.

2013: $580,000
2014: $665,000
2015: $750,000
2016: $835,000
2017: $920,000
2018: $977,000  Assumes wife retires at 70.
2019: $1,034,000
2020: $1,091,000  Assumes I retire at 63.

3.5% withdrawal rate = $38,185 income plus $14,400 wife's SS = $52,285 income.   I'll hold off on my SS until 70 because it will be a much higher than my wife's.  Obviously, if the market does much better than just keeping pace with inflation, I could move my retirement date foreward a couple of years.   If not, not.

For those of you who are younger and want to learn from my mistakes...

We could be retired right now if we had changed our behaviour 10 years ago.

We could have retired 10 or more years ago if we had changed our behavior back in 1988 when I got my first decent paying job.

Actuals:
2015: $1,050,000 we got into the rental property business before this date and the stock investments grew.
          That's 4 years ahead of our estimate!
2016: $1,900,000 regular gains and savings, plus an inheritance.

New estimates:
2017: $2,030,000
2018: $2,200,000 Assumes wife retires at 70, we finish the house we're slow-flipping, and I retire at 60, 2 years ahead of schedule.

Goldy

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #404 on: July 12, 2017, 11:17:47 AM »
I'll play

Current NW $1.4

2008  $50,000
2013  $632,000
2014  $859,000
2015  $924,000
2016  $1,229,000

Goals
2017  $1,500,000
2018  $1,750,000  FI
2019  $2,000,000
2020  $2,300,000  FIRE?
2021  $2,600,000
2022  $2,900,000


chaskavitch

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #405 on: July 12, 2017, 01:49:43 PM »
I have a giant spreadsheet of theoretical future salary increases and retirement account goals already, but I update the values to reflect actual account values at the end of the year, so I don't have a record of what I thought we would have anymore. 

These projected values are a little above what I've calculated with contribution increases and market returns, but I may as well be optimistic :)  I am being incredibly conservative about the increases in NW above and beyond retirement accounts, so it gets a little hand-wavey there anyhow.

Assumptions:
3% salary increase/yr, no bonuses, no promotions
6% market increase/yr
3% yearly contribution increase to 401k, until contribution max is hit

Current NW (including recent tax appraisal house value and mortgage): $272,573
Current retirement account totals: $114,000

End of year NW/retirement goals:
2017: $300,000/$145,000
2018: $355,000/$195,000
2019: $420,000/$250,000
2020: $500,000/$325,000
2021: $575,000/$385,000
2022: $650,000/$475,000

DH wants to retire by 2027 when he turns 40, and according to my projections we'll have almost $1 million in retirement accounts alone by then.  He thinks we'll need $2-$3 million, so with these goals we'll have to step it up a lot to get there. 

We'd also like to buy a house with more property and further out of town, and either rent this one out or sell it, so we're (very slowly) saving toward a down payment for that.

facepalm

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #406 on: July 16, 2017, 10:57:56 AM »
Goals:

Dec-17 300,000
Jun-19 400,000
Dec-21 500,000
Just checked Personal Capital, and I'm sitting at 273,600. I'll be at 280K August 31, so I will definitely make my 300K goal by the end of the year. I still think 200K in two more years is doable, especially since I'll be able to contribute 36K to my 457b (special catch-up) in the second year.

I just found out that my last check did not have my 403b and 457b contributions taken out, nor did I make a contribution to my pension. IRS rules for teachers now require that I pay my taxes upfront on my final summer check--so my July check is just a lump sum with no deductions. Curses! So I have to modify my contributions to make sure I put 24K into each of my retirement accounts. That will cut my check to nothing, but at least it will mean paying no taxes! I have money saved so can draw from savings if need be.


There will definitely be a crash buying opportunity at some point. Who knows when.  :)

Fixed it for ya. :-}
« Last Edit: July 16, 2017, 11:10:59 AM by facepalm »

NinetyFour

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #407 on: July 18, 2017, 08:24:42 AM »
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)

I am currently at $612K.  Should be able to reach $630K well before January 2017.

My NW (including house) is now $742,946.  On track to hit my (original) goal of $840K in July 2018, when I will retire.  It's beginning to feel real...and scary...

NinetyFour

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #408 on: November 17, 2017, 03:54:39 AM »
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)

I am currently at $612K.  Should be able to reach $630K well before January 2017.

My NW (including house) is now $742,946.  On track to hit my (original) goal of $840K in July 2018, when I will retire.  It's beginning to feel real...and scary...

Now at $803,225...

lexde

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #409 on: November 17, 2017, 05:14:49 AM »
My net worth is -$2500 right now. Goal is to be debt free by 12/31/18 which is another 32.5k on my 65k salary (about 48k take home).

My ultimate goal is $1M (single) and I’d like to achieve it before 40. I’m 27 now.

So my biggest challenge at this point is my income and I have a few options: (1) lateral external promotion; (2) bring in clients and get a portion of all fees as an originating attorney at my firm; (3) bill more hours and receive monthly bonuses from $250-1250; (4) get a side-job and/or passive income stream; or (5) a combination of (2)-(4), which is what I think I want to do as my firm environment is awesome compared to my peers’.

I am going to aim for 80k gross income next year. An extra 15k is a stretch for me but I want to make it happen. Bank bonuses, credit card churning, finding clients for bankruptcy on the side, selling possessions, billing extra hours (if I can get them) and anything else to bump my numbers up.

Stretch goal for 2018 is debt-free by the end of August.
Stretch goal for 2019 is 6-figure income.

marty998

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #410 on: November 17, 2017, 03:06:41 PM »
Ok I'll play

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


I was at $712k at the end of December 2015.

July 2016 now at $792k... with a little luck and flat markets there is a distinct possibility I could finish this year around $850k. Nice, but still neither liquid nor majorly cash generating...


$897k at the end of 2016 and $1,085k today. Already nearly surpassed the 2018 goal from back then.

Starting to notice the dividends compounding too which is great. Hard to know what the new goals should be, so much is determined by markets now instead of savings.

Dicey

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #411 on: November 18, 2017, 12:38:31 AM »
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)

I am currently at $612K.  Should be able to reach $630K well before January 2017.

My NW (including house) is now $742,946.  On track to hit my (original) goal of $840K in July 2018, when I will retire.  It's beginning to feel real...and scary...


Now at $803,225.
..
When are you going to pull the trigger? Come on in, the water's fine!
I did it! I have a journal!
A Lot Like This
And hell yes, I am still moving confidently in the direction of my dreams...

Apple_Tango

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #412 on: November 18, 2017, 01:22:49 AM »
I wanna play... I have spreadsheets galore already but why not!? plus I think it will be quite easy to predict Jan 2018 since it's right around the corner...crossing my fingers for big bucks and no whammies! These are stretch goals so I wouldn't be surprised if I come up a little short.

Current NW Nov 2017: -16,980

Jan 2018: -9,000
Jan 2019: 40,119
Jan 2020: 90,465
Jan 2021: 142,406
Jan 2022: 230,776
Jan 2023: 333,859
Jan 2024: 430,548
Jan 2025: 580,185
Dec 2026: 750,000 (FIRE GOAL)
« Last Edit: November 18, 2017, 01:24:47 AM by TravelingCheddar »
It's a lateral freeze down during the melt up.  Soon to be followed by the transverse falling bounce and the transient index inversion short, both of which are also strong sell signals in this buyer's market.

SnackDog

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #413 on: November 18, 2017, 02:16:37 AM »
These goals are not very actionable for us. As our spending is pretty constant, all I can do to boost net worth is work harder (and/or more years) and play games with stocks.  I already work hard enough and have burned my fingers a few times on stocks.  So, basically net worth increases for us will be fairly passive - if real estate and stock investments gain so will we. If they crash, we crash. (Like everyone else we are greedily awaiting the Big Crash to sell some bonds but something tells me it will be different next time.)
The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind. –Thomas T. Munger

matchewed

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #414 on: November 18, 2017, 04:16:50 AM »
Current Net Worth $150k

$200k by beginning of 2015

$300k by mid 2017

$400k by mid 2019

and FI($500k) by early 2021

This is my conservative plan so it may be impacted by some job/life changes I see coming on the horizon.

Well a four year update is interesting. Lots happened between then and now. Current net worth with house = $285k. So I'm behind on the original plan but there was a gap of no income in the middle with school and now our (was only my) income is much higher and diversified. So I'd still say we're on track even if it looks as we're behind as our savings rate is much higher as an us than as a me.

arebelspy

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #415 on: November 18, 2017, 07:08:37 AM »
These goals are not very actionable for us. As our spending is pretty constant, all I can do to boost net worth is work harder (and/or more years) and play games with stocks.  I already work hard enough and have burned my fingers a few times on stocks.  So, basically net worth increases for us will be fairly passive - if real estate and stock investments gain so will we. If they crash, we crash. (Like everyone else we are greedily awaiting the Big Crash to sell some bonds but something tells me it will be different next time.)

More like projected milestones than goals, then. :)

Current Net Worth $150k

$200k by beginning of 2015

$300k by mid 2017

$400k by mid 2019

and FI($500k) by early 2021

This is my conservative plan so it may be impacted by some job/life changes I see coming on the horizon.

Well a four year update is interesting. Lots happened between then and now. Current net worth with house = $285k. So I'm behind on the original plan but there was a gap of no income in the middle with school and now our (was only my) income is much higher and diversified. So I'd still say we're on track even if it looks as we're behind as our savings rate is much higher as an us than as a me.

Nice!  I'd much rather be a bit behind, with large expected growth and upward trends,, than ahead but with slow expected growth or a flattening trend. :)
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NinetyFour

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #416 on: November 18, 2017, 07:10:31 AM »
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)

I am currently at $612K.  Should be able to reach $630K well before January 2017.

My NW (including house) is now $742,946.  On track to hit my (original) goal of $840K in July 2018, when I will retire.  It's beginning to feel real...and scary...


Now at $803,225.
..
When are you going to pull the trigger? Come on in, the water's fine!

Soon!!!  :)

Only 152 more days.  I am on the academic schedule, so I can't just up and quit any old time.  Well, I suppose I could, but not without burning some major bridges.

One more semester.......  :)

matchewed

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #417 on: November 18, 2017, 07:41:55 AM »

Current Net Worth $150k

$200k by beginning of 2015

$300k by mid 2017

$400k by mid 2019

and FI($500k) by early 2021

This is my conservative plan so it may be impacted by some job/life changes I see coming on the horizon.

Well a four year update is interesting. Lots happened between then and now. Current net worth with house = $285k. So I'm behind on the original plan but there was a gap of no income in the middle with school and now our (was only my) income is much higher and diversified. So I'd still say we're on track even if it looks as we're behind as our savings rate is much higher as an us than as a me.

Nice!  I'd much rather be a bit behind, with large expected growth and upward trends,, than ahead but with slow expected growth or a flattening trend. :)

Very much agree, plus the plan has changed so much (and in some perspectives not at all) in four years that I'm not surprised at the results. Our combined income is mind boggling to me. My past self was making plans off of a 42kish income, my current self is looking at combined household income of more than three times as much (partner + education = OMGWTF DO I DO WITH ALL THIS $? oh yeah invest it).

It all makes the OMY syndrome seem strange (stranger is probably more accurate) to me. Barring the market just tanking I'm definitely pressing the FIRE button on reaching the goal.

Hirondelle

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #418 on: November 18, 2017, 07:43:18 AM »
Current net worth: EUR 12,500

Just started my first 'real job' with a 4 year contract and fixed salary raises.
I'm aiming at saving EUR 1000/month.

Nov 2018: 25k
Nov 2019: 38k
Nov 2020: 52k
Nov 2021 (end of contract): 66k

2Birds1Stone

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #419 on: November 18, 2017, 11:00:55 AM »
Late to the party but here are my annual goals to FIRE

Start of
2015 - 105k Check
2016 - 135k Check
2017 - 170k Check
2018 - 210k ~$350k Actual
2019 - 255k Already over, $400k revised
2020 - 305k Already over, $500k revised
2021 - 360k Who knows, I'll be returning from a year off work
2022 - 420k
2023 - 485k
2024 - 555k
2025 - 630k
2026 - 710k
2027 - 795k
2028 - 885k
2029 - 1 Million (FIRE!! @ 42 years old)

Funny to look back on this almost 3 years later.

Things have definitely moved along faster than I had anticipated. At my current projection I will hit $1 Million sometime in 2026.......but I don't even have a goal to hit $1 Million any more. Taking a sabbatical in spring of 2020 and after that I am unsure in what capacity I will be returning to the workforce. Once I accumulate ~$650-750k I will be semi FIRE'd or FI and slow traveling.

ZiziPB

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #420 on: November 22, 2017, 03:58:19 PM »
I want to retire in 5 years at the age of 50.  I just pulled out my calculator and added it all up.  Current net worth is $632,000 (assuming restricted stock will vest as scheduled over next 3 years).  This includes equity in my current home (which I will sell at retirement) and my retirement apartment.

One year update, using the same methodology.
It has been a great year both in terms of my compensation and market gains. 

August 2013: ~$632,000
August 2014: ~$897,000

for an increase of $265,000, of which ~$161,500 were savings (including mortgage principal paydown and 401k match) and the rest being market gains.

ETA: I have assumed that the value of my current home and my retirement apartment have not changed from last year.

Year 2 update, using the same methodology:

August 2013: ~$632,000
August 2014: ~$897,000
August 2015: ~1,096,000

for an increase of $199,000.  Not as impressive as last year primarily due to changing my asset allocation to 60/40 and the market basically going sideways over the last year or so.  I have also reduced the value of my condo in the calculation because the prices have gone down since last year (the condo will be sold at retirement).

Here is my NW update a bit earlier this year because I will be on vacation next week:

August 2013: ~$632,000
August 2014: ~$897,000
August 2015: ~1,096,000
August 2016: ~1,228,000

And for the first time, my actual investment portfolio is slightly in excess of $1M.

Quote
I want to have at least $1m, not counting the apartment (current value $55K, no mortgage, rented out) when I retire.  If I stay in my current job, I can easily save $100K per year, so my goal of retiring in the summer of 2018 with at least $1m of net worth seems easily achievable, even if my investments grow at 0% during that time.

FIRE goal is still April 1, 2018, but I seem to be about 18 months ahead of schedule on my NW and investment portfolio goals. I guess my goals were pretty conservative...
$1,507,000 total NW
Investment portfolio is ~$1,380,000 currently.  Well in excess of my original goal.  At this point the market could drop 20% tomorrow and I'd still be fine.  Amazing!



Ottawa

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #421 on: December 13, 2017, 06:15:50 AM »
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.

Around 18 months since the last update:
NW 1.91M
Portfolio 1.542M
Signing up for Tangerine Bank?  Let's both earn some cash!  Here is my Tangerine Key: 43684467S1  Cheers.

afuera

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #422 on: December 13, 2017, 07:36:47 AM »
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.

Around 18 months since the last update:
NW 1.91M
Portfolio 1.542M

Congratulations!  Are y'all any closer to FIRE or are you still weaning?
"The price of anything is the amount of life you exchange for it" - Henry David Thoreau

12/2017: INV-5.3x, NW-5.6x
Projected FIRE date: 2025
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Pennycounter

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #423 on: December 13, 2017, 07:52:32 AM »
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.

Around 18 months since the last update:
NW 1.91M
Portfolio 1.542M
Wow! Those are impressive gains!

Pooperman

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #424 on: December 13, 2017, 08:05:29 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

Jan 1 2015: $25k
Jan 1 2016: $57k
Jan 1 2017: $70k
Jan 1 2018: $110k
Jan 1 2020: $205k
Jan 1 2025: $430k
Jan 1 2030: $685k
Jan 1 2035: $985k

Jan 1 2014: $19k
Jan 1 2015: $25k
Jan 1 2016: $57k
Jan 1 2017: $70k
Jan 1 2018: $132k
Jan 1 2019: $170k
Jan 1 2020: $225k
Jan 1 2025: $610k
Jan 1 2030: $1.15M
Jan 1 2035: $1.85M
« Last Edit: December 31, 2017, 07:40:38 AM by Pooperman »

Ottawa

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #425 on: December 13, 2017, 09:37:46 AM »
Congratulations!  Are y'all any closer to FIRE or are you still weaning?

Shooting for June 2018! 
Signing up for Tangerine Bank?  Let's both earn some cash!  Here is my Tangerine Key: 43684467S1  Cheers.

Slow&Steady

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #426 on: December 13, 2017, 10:37:36 AM »
I want to join but I will just be doing investments, true NW is too much guessing and calculations!  I am going to do year end goals starting from Jan 2017. 

Our 2nd (last) baby is due in March 18, so she should finish high school in 2035 or 2036.  I would like to retire when she graduates (@52/53) or a couple years after (@55).  I know it is not really RE but I think it will be early enough for me and with DH's medical concerns it might still be too early, depending on what happens to health insurance.

Dec-17: $90K
Dec-18: $110K
Dec-19: $140K
Dec-20: $200K
Dec-25: $400K

Who freaking knows what will happen in 10+ years but why not give it is shot.
Dec-30: $900K
Dec-35: $1.5M
Dec-38: $2M

 

monarda

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #427 on: December 14, 2017, 08:21:20 AM »
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

   
      End of 2016      $829K  (cash about $200K)    Zillow values went way up, so this could be overestimating by 20-40K
let's boost 2017      $875K-$900K
                2018      $1M

2017 went as predicted:

12/1/17  $903K   ($208K is cash- we are putting an addition on our house, so a lot of liquid cash going to that and $30K of temporary credit card debt (0% interest) included in that)

end of 2018  $1M
end of 2020  $1.15M
« Last Edit: December 14, 2017, 08:28:59 AM by monarda »

Pennycounter

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #428 on: December 14, 2017, 10:51:48 AM »
I love spreadsheets and tracking.  Our NW is exclusive of our primary residence value since we aren't planning to sell.

2016 -- $518K (actual)
2017 -- $572K (actual end of April)
2017 -- $650K
2018 -- $730K
2019 -- $810K
2020 -- $900K
2025 -- $1.2 MM
2030 -- $1.5 MM (Full FI, me 52, DH 59, DD #1 graduates HS)

This is all a bit of a WAG, haha. I'm also planning to leave my job this June so we will be a one income household, so projections after June of 2017 include only my husband's 401 (k), + matching, and market gains. This will definitely be impacted if the market doesn't keep up with the super sweet recent returns.
2016 -- $518K (actual)
2017 -- $710K
2018 -- $850K
2019 -- $1.0M
2020 -- $1.2M
2025 -- $1.6 MM
2030 -- $1.5 MM (Full FI, me 52, DH 59, DD #1 graduates HS)

These are my stretch goals! We've switched roles and I am working while my husband stays home with the kiddos. I don't include home equity as we don't plan to move and still have a mortgage. 

bridget

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #429 on: December 29, 2017, 10:32:04 AM »
New on the thread! A lot of factors are very up in the air for me (will I stay at my job more than 2 years? Will I collect all bonuses? Will husband get a job, if so which one?). So I've only set a goal for 2017.

NW at end of 2016: $280k
Easily-obtainable goal for end of 2017: $380k (assuming a flat market)
Stretch goal for end of 2017: $400k if husband does not get a job, $450k if he does.

It's the end of 2017!  (Well, close enough).  My NW just today crept up to $401k, meaning I hit my "stretch" goal.  My husband did get a job, but not until October.  I will hit $450k by the end of January, because I have an already-determined bonus for my work in 2017 coming then (kind of unhappy it will be taxed in 2018, but whatever).

Onward!

Easily-obtainable goal for the end of 2018: $600,000
Stretch goal for the end of 2018: $650,000

The difference between the easy and the stretch this year is if my husband stays in his job.  He hates it (the politics, not the actual work), and it pays so little compared to mine that it's very tempting for him to just quit on any given day, which I've given my full support to do whenever he feels like it.  I estimate he'll make it to February, but only just.

nawhite

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #430 on: December 29, 2017, 12:53:45 PM »

...

Jan 2014 Actual: ~$0k NW
Jan 2015 Actual: $105k* NW, $68k non-mortgage debt
Jan 2016 Actual: $213k* NW, $58k debt
Jan 2017 Actual: $265k* NW, $47k debt
Jan 2018: Goal: $330k NW, $35k debt
Jan 2019: Goal: $400k NW, $22k debt
Jan 2020: Goal: $500k NW, $8k debt
Jan 2021: Goal: $600k NW, $0k debt
...
Had to trim down the previous posts as it was going back every year to 2013. Feel free to click on the quote link above to see that. I also finally made up a spreadsheet to see this stuff visually. I'm going to update the goals and actuals based on that from now on, but long story short, I was aiming for 330 this year and hit 388k. Kinda stoked. This coming year, my wife got a job that pays well which should increase our savings rate even more. We're also going to finally sell the house this year as the boom in Denver has subsided and appreciation can't beat the primary residence tax exemption that thankfully didn't get changed in the new tax bill.

Jan 2014 Actual: ~$0k NW
Jan 2015 Actual: $90k NW, $69k non-mortgage debt
Jan 2016 Actual: $208k NW, $58k debt
Jan 2017 Actual: $292k NW, $47k debt
Jan 2018: Actual: $388k NW, $40k debt
Jan 2019: Goal: $500k NW, $30k debt
Jan 2020: Goal: $625k NW, $20k debt
Jan 2021: Goal: $750k NW, $10k debt
Jan 2022: Goal: $900k NW, $0k debt
Jan 2023: Goal: $1.1M NW, FIRE
We live in an RV full time while still working remotely. Check it out at http://therecklesschoice.com

Carrie

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #431 on: December 29, 2017, 10:29:54 PM »
Current NW 6/14 = $551k
YE 2014 goal = $600k
YE 2015 goal = $700k
YE 2016 goal = $810k
YE 2017 goal = $950k
Have no idea if this is realistic -- currently saving $27k to retirement/yr and paying down the mortgage by about $10-$15k per year, adding $3600 to college accounts per year (about to increase this as we add another child), so the remainder will have to be from market gains.

We're just a touch behind, probably because I pulled these numbers out of my ass.
Current NW is right around the end of 2016 goal, so maybe 6 months behind.  I am guessing that by the end of this year we'll be more like $850k than $950k.
We paid off the mortgage in January and will probably get $33k into retirement & $4500 into college savings this year. We're also going to work hard to max the HSA this year.  Right now what we had been paying towards the mortgage will go towards home maintenance/improvements & a vacation.  Maybe in a year or two that money can go towards after tax savings.

So close. We're closing out the year at $930k. I'm really quite stunned.

Next up
$1 million net worth by 2018 YE
$1 million excluding home value by 2019 YE which puts us at FI
2020, building the cushion for unknown medical costs and raising of teenagers,

NinetyFour

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #432 on: December 30, 2017, 09:05:30 AM »
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)

I am currently at $612K.  Should be able to reach $630K well before January 2017.

My NW (including house) is now $742,946.  On track to hit my (original) goal of $840K in July 2018, when I will retire.  It's beginning to feel real...and scary...

Now at $803,225...

Ending 2017 at $828,383.  Really hoping to join the double comma club next year, but trying not to get my hopes up.

I have smashed every previous goal I set up there ^^^, so maybe there's a chance.  Or, maybe I'm just kind of bad at predictions.  ;-)

Cookie78

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #433 on: December 30, 2017, 04:48:47 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 the Jan 2018 goal, which indicates to me that the goal wasn't really as challenging as I'd expected it would be, since I only worked 7 months of the past year!

Mazzinator

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #434 on: December 31, 2017, 07:38:24 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!!!

Posting for my ~3 year update.
7/29/13 nw was -$60k
8/3/16 nw is $116k

Trying hard to reach my 1/1/17 goal of $160k!!!

Sooooo close...

1/2/17 NW = $156,358
Yay! I finally hit my goal, and then some!!! Yay!!
1/1/18 NW = $237k
"This is the life I chose or rather the life that chose me." - Jay-Z

dreams_and_discoveries

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #435 on: December 31, 2017, 08:00:44 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

I've got £550k for end of 2016, a good £50k above target (although lots of this is due to the devaluing of the pound)

2016 target is now increased to £670k.

Framing is important right?

After such a poor forecast in 2016 - with the actual £50k above forcast, my forecasting skills have improved with 2017, which is now only £6k above target.  Must do better in 2018.

I'll aim for £790k.

chaskavitch

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #436 on: January 02, 2018, 07:07:12 AM »
I have a giant spreadsheet of theoretical future salary increases and retirement account goals already, but I update the values to reflect actual account values at the end of the year, so I don't have a record of what I thought we would have anymore. 

These projected values are a little above what I've calculated with contribution increases and market returns, but I may as well be optimistic :)  I am being incredibly conservative about the increases in NW above and beyond retirement accounts, so it gets a little hand-wavey there anyhow.

Assumptions:
3% salary increase/yr, no bonuses, no promotions
6% market increase/yr
3% yearly contribution increase to 401k, until contribution max is hit

Current NW (including recent tax appraisal house value and mortgage): $272,573
Current retirement account totals: $114,000

End of year NW/retirement goals:
2017: $300,000/$145,000 - Dec 2017: $307,562 / $143,612
2018: $355,000/$195,000 $360,000/$200,000
2019: $420,000/$250,000
2020: $500,000/$325,000
2021: $575,000/$385,000
2022: $650,000/$475,000

DH wants to retire by 2027 when he turns 40, and according to my projections we'll have almost $1 million in retirement accounts alone by then.  He thinks we'll need $2-$3 million, so with these goals we'll have to step it up a lot to get there. 

We'd also like to buy a house with more property and further out of town, and either rent this one out or sell it, so we're (very slowly) saving toward a down payment for that.

First year done!  Overall NW is over my projections by $7500, retirement account balances are under by $1500, which I'm happy with, for sure.

afuera

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #437 on: January 02, 2018, 11:14:56 AM »
EOY             NW plan        NW Actual
2015              $100K             110K
2016              $175K             188K
2017              $300K             278K
2018              $450K
2019              $625K
2020              $825K
2021              $1.025M
2022              $1.225M (FI)

Didn't quite hit our target.  Our home flooded so I updated the value based on the rule of thumb that you lose 20% of the home value since nobody wants to buy a house that's a flood risk.  We should be able to still hit our targets though if we earn a little extra income.
"The price of anything is the amount of life you exchange for it" - Henry David Thoreau

12/2017: INV-5.3x, NW-5.6x
Projected FIRE date: 2025
Journal.

Goldy

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #438 on: January 02, 2018, 05:36:17 PM »
I'll play

Current NW $1.4

2008  $50,000
2013  $632,000
2014  $859,000
2015  $924,000
2016  $1,229,000

Goals                               Actual
2017  $1,500,000             $1,617,661
2018  $1,750,000  FI
2019  $2,000,000
2020  $2,300,000  FIRE?
2021  $2,600,000
2022  $2,900,000

Well I beat my 2017 goal by a whopping 117k and am nearly half way to finishing my goal for 2018. 

Bateaux

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #439 on: January 02, 2018, 07:39:51 PM »
Old goal of 1.5M invested, blasted past in 2016.  Reset goal of 2.0M invested and getting close at 1.9M.  New goal set at 2.5M.   We'll see what the markets bring.
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Class of 2020

webguy

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #440 on: January 02, 2018, 08:14:08 PM »
I want to join in and set myself some public goals so that I'm held accountable.  My goals are:

Current NW:  $420k
Jan 1 2016:  $650k
Jan 1 2017:  $950k
Jan 1 2018:  $1.1M

I need to update my goals!

Current NW:  $1.1M
Jan 1 2017:  $1.25M
Jan 1 2018:  $1.6M
Jan 1 2019:  $2M

Jan 1 2017:  $1.26M

Phew, just made it! I have no idea how 2017 is going to go income-wise, so I'm sticking with my $1.6M goal for now and I'll revisit in 6 months...

Another 6 months have gone by so I'm revisiting to update the goals a little bit..

Current NW:  $1.535M
Jan 1 2018:  $1.75M
Jan 1 2019:  $2.2M

Another 6 months in the book! It's fun looking back and seeing progress as I don't really track these milestones anywhere else.  Just paid 4th quarter estimated taxes and prepaid 2018 state and property taxes so my current NW took a hit last week but I have some updated goals..

Current NW:  $1.85M
Jan 1 2019:  $2.35M
Jan 1 2020:  $2.8M

Slow&Steady

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #441 on: January 03, 2018, 08:31:29 AM »
I want to join but I will just be doing investments, true NW is too much guessing and calculations!  I am going to do year end goals starting from Jan 2017. 

Our 2nd (last) baby is due in March 18, so she should finish high school in 2035 or 2036.  I would like to retire when she graduates (@52/53) or a couple years after (@55).  I know it is not really RE but I think it will be early enough for me and with DH's medical concerns it might still be too early, depending on what happens to health insurance.

Dec-17: $90K
Dec-18: $110K
Dec-19: $140K
Dec-20: $200K
Dec-25: $400K

Who freaking knows what will happen in 10+ years but why not give it is shot.
Dec-30: $900K
Dec-35: $1.5M
Dec-38: $2M

Revised 2018 and beyond goals and used ranges, lower end seems pretty likely with the upper end being a stretch. 

End of Year: Goal / Actual
Dec-17: $90K / $97,451
Dec-18: $115K-$120K
Dec-19: $140K-$175K
Dec-20: $200K-$250K
Dec-25: $400K-$500K

Vilgan

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #442 on: January 08, 2018, 09:42:56 AM »
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.

Jan 1 2017 net worth is 425k. 2 years ahead of schedule, altho more of it is real estate appreciation than we were anticipating so not 2 years ahead on liquid assets.

Goal for Jan 1 2018 is 550k. Here's to a good 2017!

2018 net worth is just over 550k. This was mostly due to a great year in the stock market and property appreciation, my saving was a lot lower than expected. I took a ton more time off in 2017, turns out it is harder to work a lot of hours when I have quite a bit saved already.

boarder42

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #443 on: January 08, 2018, 10:49:08 AM »
wow great work everyone beating their goals.  this bull market is helping everyone expedite their time to goals.  We're only a few weeks away from hitting our original aug 2018 goal if the markets are flat to up!

boarder42

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #444 on: January 12, 2018, 04:11:14 AM »

8/11/16 - 378k - current
8/11/17 - 512k
5/1/2017 - 514k
5/1/18 - 665k
1/12/18 - 669k
1/12/19 - 831k
1/12/20 - 1MM

With the bull market everything moves up a bit. Now we're 8 months ahead of schedule.

Wile E. Coyote

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #445 on: January 12, 2018, 03:57:11 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.

2014 $1.36M (actual)
2015 $1.54M (actual)
2016 $2.20M (actual)
2017 $2.20M
2018 $2.20M
2019 $2.20M
2020 $2.20M

Well, it has been quite a good year with significant market and real estate appreciation.  However, the real estate numbers are from Zillow, which I think are highly overinflated.  I've decided that I have enough to take a chance on a new venture.  It's unclear at this point how successful it will be, so my goal for now is to simply maintain what I have accumulated.

2014 $1.36M (actual)
2015 $1.54M (actual)
2016 $2.20M (actual)
2017 $2.15M (actual)
2018 $2.35M
2019 $2.55M
2020 $2.75M

Well, my goal was not met, but the biggest factor was the reduction in the ridiculous 2016 Zillow value of my home to a more reasonable number.  Investments went up $192K, so I can't complain!  My new venture has started to really gain some momentum, so I have added back in a very modest goal for adding a little bit to net worth.

facepalm

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #446 on: January 13, 2018, 06:05:26 PM »
Having hit 300K early, my goal this year will be to hit 400K. In fact, I think that will be my long term goal now; an increase of 100K per year.

I don't have a goal yet for the year of retirement. I want to have a 50K/year pension plus at least 600K in the bank. Luckily, I enjoy my job and would probably volunteer there if I was not actually working.

Off the Wheel

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #447 on: January 13, 2018, 06:37:41 PM »
Looking back at my NW gains feels crazy, but since so much of it is tied up in real estate and I don't have an immediate out from this very HCOL area it all seems a bit... moot? My FIRE calculation is $1.25M, and we're only at 18% to that. NW including real restate would make it 69% to goal... but then where do I live? :(

If this real estate "bubble" doesn't burst, maybe I'll sell both properties in a couple of years and realize that dream of living in a cabin in the woods.

Regardless, for the sake of this thread and my current life = net worth goal will be $1M by 2019.
« Last Edit: January 13, 2018, 06:41:20 PM by Off the Wheel »

frugalfanny

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Re: Gauntlet: Long Term Net Worth Goals
« Reply #448 on: February 25, 2018, 02:20:24 PM »
Update:

January 2015: $11k actual
January 2016: $27k actual
January 2017: $45k $58k actual
January 2018: $62k $80k $100k actual
January 2019: 125k
January 2023: $177k $200k $218k
January 2028: $280k $313k $335k
January 2039: $591k

I have a tendency to low ball my estimates. Hoping to being wrong again this year. : )