How's everyone doing?
I've done my projections all the way through 2016, and it looks like, in addition to $22k toward TSP (contributions + repayments) plus about $4K matching, I can probably save $50K after taxes and spending. I'm also looking at a side-income milestone - it's lumpy and builds slowly in 2016, but should exceed monthly costs in Q3 and remain above that level indefinitely.
Result: I enter 2017 saving 75% of TH and 100% of FT pay, finger on the trigger. Then... I don't even know! I have to set a date, or wait for some proximate environmental trigger. I started this train when I was miserable, and I'm liking work now, but I've held the line based on the assumption that it won't last (given my experience here, I think it's a good assumption). So, either another leadership change and the atmosphere goes toxic (negative), I find that elusive dream job (positive), or I just decide it's time. Hmm.
So, here's my phased plan, latest version:
- 2016 (38), contribute final inputs to rental LLC; earn $10K in commissions on reinvested earnings (growing exponentially). Save $75K; NW $350+.
- 2017 (39), time TBD, go PT (Air National Guard + real estate) - work ~60 days a year, save at least $10K/yr; reinvest all earnings. Possible move to final FIRE location.
- 2022 (44), retire from ANG, NW $700K; final move(?); occasionally sell a house; rentals cover any remaining expenses; surplus to charity; IRA/TSP add safety margin.
- 2038 (60), Stash $1M, ANG retirement kicks in, probably needless (around $2k/mo), but adds safety margin, or more giving.
- 2040 (62), FERS deferred retirement kicks in, and... I guess I give more away, unless I've bungled things terribly. Definitely chilling from here on out.
- 2070 (92), die and leave $10M to the orphaned beluga whale foundation. Or, you know, whatever.
Unknowns: DW's employment (she's 32, barely out of grad school, and will work longer, but is in the 60-70% SR range and 100% supportive); my work (the above-mentioned "stuff I'd like to do regardless of pay"). However, most of the "maybes" are on the upside, and I think there is plenty of resiliency built in. Any thoughts?