Author Topic: 2021 FIRE Cohort  (Read 40410 times)

nazar

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Re: 2021 FIRE Cohort
« Reply #150 on: December 09, 2017, 06:24:54 PM »
Best laid plans....

Well, a week and change into project 1: Declutter became project 1: Hurricane Irma.  Pre storm preparation, then post storm recovery.  A tree fell on my car and  it spent 6 weeks at a garage trying to get all the needed parts.  Same tree took out a good portion of my fence. The immediate post storm period is spent clearing as much debris as possible while bulk pickup is done regularly, and finding supplies for repairs.  De-clutter is on hold for project 3 and I'll move into Project 2: Exterior is next since  the weather is getting agreeable.  Exterior will call for removal of nuisance plants, planting edibles, replacing lost items from the storm,  minor repairs to structure that were needed before the storm, but certainly need to be done now.

ixtap

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Re: 2021 FIRE Cohort
« Reply #151 on: January 11, 2018, 12:26:38 PM »
Did everyone move out of this class? I keep seeing tons of updates from 2020 and 2022, but this group has been silent over the new year.

Being largely invested in stocks, 2017 was very good to us. We are trying to make some cuts in order to live under our projected retirement budget. That's not easy when rent goes up 10% next month. We do have a plan to move on, but it is dependent on receiving a waiver. We are doing some things to beef up our credibility for that so that we can submit the request next week.

We will likely hit our lowest number (25x the budget we guessed at a couple of years ago) this year, even with mediocre growth. That budget is still reasonable for our immediate plans, but we want flexibility to change those plans over time. From there to our ideal number (28x current budget) seems like such a long haul, but just 10% growth with our current savings gross would put us there by the end of 2020, so even slower growth with DH's regular raises should do the trick. Between bonuses and weather, we would still work through early 2021. Might as well have that excellent health care coverage through flu season.


sisto

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Re: 2021 FIRE Cohort
« Reply #152 on: January 11, 2018, 12:35:25 PM »
Did everyone move out of this class? I keep seeing tons of updates from 2020 and 2022, but this group has been silent over the new year.

Being largely invested in stocks, 2017 was very good to us. We are trying to make some cuts in order to live under our projected retirement budget. That's not easy when rent goes up 10% next month. We do have a plan to move on, but it is dependent on receiving a waiver. We are doing some things to beef up our credibility for that so that we can submit the request next week.

We will likely hit our lowest number (25x the budget we guessed at a couple of years ago) this year, even with mediocre growth. That budget is still reasonable for our immediate plans, but we want flexibility to change those plans over time. From there to our ideal number (28x current budget) seems like such a long haul, but just 10% growth with our current savings gross would put us there by the end of 2020, so even slower growth with DH's regular raises should do the trick. Between bonuses and weather, we would still work through early 2021. Might as well have that excellent health care coverage through flu season.
I'm still here. I had dabbled with pushing mine out a bit for various reasons and potentially loosening up the travel budget in the meantime. I've been traveling more and still on track to meet my eligibility date for FIRE from MegaCorp. I can retire rule of 75 on June 7, 2021 and plan to do just that.

dreams_and_discoveries

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Re: 2021 FIRE Cohort
« Reply #153 on: January 12, 2018, 01:17:55 AM »
I've sort of self promoted myself to 2020, and now aiming for December 2020 rather than early 2021...but who know what will happen.

However it's all getting much closer, less than four full working years for everyone here - how does that feel?

Roots&Wings

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Re: 2021 FIRE Cohort
« Reply #154 on: January 12, 2018, 05:39:46 AM »
I'm still here too! No idea what the markets will bring in the next few years, but life is good, and finances are on track.

MarcherLady

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Re: 2021 FIRE Cohort
« Reply #155 on: January 12, 2018, 05:54:00 AM »
It feels awesome.   Yes, we are now in the 2020 group - although I never post there either!

Is it starting to feel like a reality to you all yet?  I don't think I've really got my head around what FIRE will look like for us beyond the first few weeks that will just feel like a long holiday.

Peter Parker

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Re: 2021 FIRE Cohort
« Reply #156 on: January 12, 2018, 08:51:35 AM »
Still on track...

My Retirement Countdown App just went to 3 years, 5 months,4 weeks, 1 day 22 hours, 8 minutes....but who's counting?

FIRE Artist

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Re: 2021 FIRE Cohort
« Reply #157 on: January 17, 2018, 08:22:12 AM »
I am thinking of demoting myself from 2020 to the 2021 class.  My mortgage (Canadian) is up for renewal in July 2021, and that process will go much easier if I am still employed.  I can also plan to use the extra months earning as a lump sum payoff of my mortgage too, so that isn't so bad an idea either. 

Greenback Reproduction Specialist

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Re: 2021 FIRE Cohort
« Reply #158 on: January 17, 2018, 01:22:07 PM »
Still here and on track... But my list of things I want/want to do seem to keep growing and as a result, I feel like pushing it out 1 more year. But hey, its a nice problem to have. I can bring up a pretty good list of why I could work one more year.... I guess I will make that call when we get there, no sense in fussing about it yet.

As an update, we had a string of maintenance issues, taxes, state fees and medical expenses over the last couple months that pretty much depleted our safety net. So we are working to build that back up right now. Even though it sucks to see that account dwindle, it is an awesome feeling knowing that without that robust emergency fund we would have been sunk in debt. We are very grateful to have had the emergency fund, it is a big part of being financially solid and helped us stay the course.

ScreamingHeadGuy

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Re: 2021 FIRE Cohort
« Reply #159 on: January 25, 2018, 09:55:51 AM »
I am throwing my hat into the ring for 2021.

Based on assumed market returns and contributions between now and then I should achieve my 3.5% SWR and have a loaded Roth pipeline to facilitate cutting the cord.

dougules

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Re: 2021 FIRE Cohort
« Reply #160 on: January 25, 2018, 11:40:24 AM »
I think my probability distribution curve has moved more towards 2023, but it's still pretty wide.  It could be anywhere from 2021 to 2025 for me. 

SimplyFinanciallyFree

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Re: 2021 FIRE Cohort
« Reply #161 on: March 01, 2018, 01:12:36 PM »
A couple of years ago I was shooting for 2020 but with health care and so much else up in the air we are currently shooting for a 2021 FIRE date.

ScreamingHeadGuy

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Re: 2021 FIRE Cohort
« Reply #162 on: March 02, 2018, 01:17:13 PM »
dougules         (at 43) December 27, 2021
MarcherLady    (at 49) October 10, 2020
Chaplin           (at 47ish) March 23, 2021
Accountant007  (at 48) December 23, 2021
dreams_and_discoveries (just before 40) February 2021
GBRS              (at 36) Sept, 2021
Bownyboy       (at 29) 25th December 2021
SassyG            (at 54) (official date TBD) 2021
WildJager       (at 35) May 2021
ScreamingHeadGuy  (at 42) June 4, 2021

I guess I should pick a date so here is my three-year-out estimate.  This date should let me maximize contributions to my 401(k), Roth IRA, and HSA for the year...and end on a short week with holiday pay.  I could financially pull the cord a few weeks earlier and RE at 41, but I really want that holiday pay for some sick, twisted reason.  This will let me enjoy my daughter's summer vacation with her after she finishes first grade.

Of course I will probably get spring fever and head for the exit in March, despite this plan.  This year's stupendous weather is already making me think these next few years could be mentally challenging.
« Last Edit: March 02, 2018, 01:22:19 PM by ScreamingHeadGuy »

frizzywhiskers

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Re: 2021 FIRE Cohort
« Reply #163 on: March 12, 2018, 08:44:48 PM »
I'd love to join in on this Cohort.  I need some peeps to share this journey with!

TARGET DATE:  November 5, 2021 - the day I turn 50, and one day past my 30th anniversary at work! - yes I started at age 20 - I was a slow starter ;-)

Goals for the next few years are:
2018 - Mortgage Payoff
2018 - 61% Stash Saved
2019 - 72% Stash Saved
2020 - 85% Stash Saved
2021 - 100% Stash Achieved

The one wrinkle in this plan is my husbands job situation.  He is currently enjoying a one year paid lay off from work and our future savings amount will be dependant on his new job situation in 2019.

Wishing everyone, including myself, great patience in this journey ahead! :-)


« Last Edit: March 12, 2018, 08:48:25 PM by frizzywhiskers »

MarcherLady

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Re: 2021 FIRE Cohort
« Reply #164 on: March 13, 2018, 07:06:23 AM »
Hello to all the newbies, and welcome -

Frizzywhiskers what a great name!

When do you plan to have your mortgage paid off?  I know that topic is a divisive subject on the boards, but having our mortgage down to <£5k has been a hugs source of comfort to me!

Chaplin

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Re: 2021 FIRE Cohort
« Reply #165 on: March 13, 2018, 11:07:31 AM »
TARGET DATE:  November 5, 2021 - the day I turn 50, and one day past my 30th anniversary at work! - yes I started at age 20 - I was a slow starter ;-)

Pull it back by just one day and you can say you retired in your forties and on the 30th anniversary of starting work, unless you meant November 5 would be your first day of retirement. I'm not sure why but I think of the day you retire as your last day at work.

frizzywhiskers

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Re: 2021 FIRE Cohort
« Reply #166 on: March 13, 2018, 08:55:21 PM »
TARGET DATE:  November 5, 2021 - the day I turn 50, and one day past my 30th anniversary at work! - yes I started at age 20 - I was a slow starter ;-)

Pull it back by just one day and you can say you retired in your forties and on the 30th anniversary of starting work, unless you meant November 5 would be your first day of retirement. I'm not sure why but I think of the day you retire as your last day at work.

Yes!  I like this plan!  Much better to retire in my forties :-)

dougules

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Re: 2021 FIRE Cohort
« Reply #167 on: March 14, 2018, 10:42:13 AM »
TARGET DATE:  November 5, 2021 - the day I turn 50, and one day past my 30th anniversary at work! - yes I started at age 20 - I was a slow starter ;-)

Pull it back by just one day and you can say you retired in your forties and on the 30th anniversary of starting work, unless you meant November 5 would be your first day of retirement. I'm not sure why but I think of the day you retire as your last day at work.

Yes!  I like this plan!  Much better to retire in my forties :-)

I'll probably retire 2 days before my birthday so I can spend a day as actually retired at age X-1. 

the_fixer

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Re: 2021 FIRE Cohort
« Reply #168 on: April 03, 2018, 08:25:20 AM »
I was waffling between 2020 and 2021 but have decided to shoot for May 2021

Looking forward to doing to following.

Slow travel with the wife spending 3-6 months at low cost locations where possible and travel around the US / Canada with our camper.

Surf
Sit on the beach / MT top and ponder often
Dive
Kayak / SUP
Hike maybe even an epic hike
MT bike
Sleep in
Volunteer as a coral farmer
Learn languages as we travel
Fish
Spend time with family
Get in better shape
Work in a dive shop for a little while to make friends with similar interests
Learn to sail and spend some time in the sea of Cortez or Florida / Bahamas

« Last Edit: April 03, 2018, 08:49:58 PM by the_fixer »

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Re: 2021 FIRE Cohort
« Reply #169 on: May 11, 2018, 07:33:33 AM »
Wow this thread fell down to page 4!! We need a little more activity around here, I mean we are ~7mo away from being only 2yrs to 2021! We are gonna be out of the bull pen and up on deck very soon!

So the other day I started looking at where I am and where I will be come 2021, financially speaking. I found we are still on track to meet our goal financially, possibly better than expected, but we will see how the next few years play out.

Then I made a mistake, I started playing the "What if" game, and asked well "what if I just work 2 or 3 more years until our son graduates highschool"? I was pleasantly surprised at how much our stash would grow and our resulting cashflow thrown off from the stash. Then I made an even bigger mistake and looked at "What if I worked a few more years beyond that?" OMG! The numbers start to get crazy as compound interest kicks in to high gear! Its millionaire status in 5 short years beyond my original FIRE date! How crazy is that? Even as little as a few years back, never would I have thought we could reach that in such a short amount of time.

Am I the only one here starting to get OMY fever? I don't think I will go OMY, but the draw is very tempting.

BoonDogle

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Re: 2021 FIRE Cohort
« Reply #170 on: May 11, 2018, 09:25:45 AM »
Wow this thread fell down to page 4!! We need a little more activity around here, I mean we are ~7mo away from being only 2yrs to 2021! We are gonna be out of the bull pen and up on deck very soon!

So the other day I started looking at where I am and where I will be come 2021, financially speaking. I found we are still on track to meet our goal financially, possibly better than expected, but we will see how the next few years play out.

Then I made a mistake, I started playing the "What if" game, and asked well "what if I just work 2 or 3 more years until our son graduates highschool"? I was pleasantly surprised at how much our stash would grow and our resulting cashflow thrown off from the stash. Then I made an even bigger mistake and looked at "What if I worked a few more years beyond that?" OMG! The numbers start to get crazy as compound interest kicks in to high gear! Its millionaire status in 5 short years beyond my original FIRE date! How crazy is that? Even as little as a few years back, never would I have thought we could reach that in such a short amount of time.

Am I the only one here starting to get OMY fever? I don't think I will go OMY, but the draw is very tempting.

You're definitely not the only one.  I have a couple of spreadsheets - one for 2021 and one for 2022.  I am much more comfortable with 2022, however with the stress levels that I feel right now, there is no way I am going that long.  I won't rule out using FIRE as a bargaining tool to unload some of the stress and work hours and maybe keep going for a little while until I am no longer enjoying that role.

ScreamingHeadGuy

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Re: 2021 FIRE Cohort
« Reply #171 on: May 12, 2018, 01:44:58 PM »
While not OMY, I have been thinking of offering to work part time for the rest of 2021 after I “retire”.  Maybe 24-30 hours a week.  While I should not need the money, based on my current modeling, I think this transition time might make the change easier to adjust to.  (Especially if the terms of the arrangement are in my favor.)

We shall see how I feel about this in three years.  OMG only three years.

Wadiman

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Re: 2021 FIRE Cohort
« Reply #172 on: May 13, 2018, 01:00:59 AM »
I'm also open to the possibility of working to the end of calendar 2021 from my target of August.  I would prefer not to though!  What is more likely is to transition to something a bit different (but related) for 3-6 months.

The big thing i am struggling with atm is our planned move from a capital city to a regional location - this is a big part of the stash generation strategy - we plan to sell and then buy again in the new location with a $400k (hopefully) benefit.  We are still trying to work out where the new location is - that will keep us busy for the next two years!  The big uncertainty with this strategy is the relative growth/decline in each market.

the_fixer

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Re: 2021 FIRE Cohort
« Reply #173 on: May 14, 2018, 01:50:26 PM »
Glad to see a few more posts in here.

I have a bunch of different calculations from 2020 - 2023 and looking at the number it is tempting to OMY especially when you are making really good money.

I am going to try my best to stick to it barring anything crazy happening or our plans changing I think I will have the fortitude to pull it off but it will be scary to give up the benefits and pay.

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MarcherLady

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Re: 2021 FIRE Cohort
« Reply #174 on: May 14, 2018, 05:28:00 PM »
Hey everyone. Yup, this is on my mind too. Husband is waiting to hear if he is being made redundant in a couple of weeks. The package will be slightly more than two years' salary, so if he gets it he probably won't work again - or maybe just a casual job for a bit of pocket money until I stop work too. Once he gets the package the numbers say I could probably stop in early 2019. However, I have various stock options that mature in early 2020, so that's a more likely date. Then there's Brexit, which is due to happen during that time-frame too - who knows what will happen to the value of the £, the UK stock market, property prices and COL.

damo

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Re: 2021 FIRE Cohort
« Reply #175 on: May 17, 2018, 11:43:44 PM »
Hi everyone! We're also aiming to FIRE in 2021 (October), which would coincide nicely with me qualifying for long service leave after 10 years at work. We are tracking well financially; about 2/3rds of the way there and basically on autopilot. We're now starting to design our post-FIRE lives (e.g. where do we want to live, do we want to buy/rent when we settle down, what activities do we want to do, etc.). Looking forward to working through these types of problems together as our dates get closer and this all becomes much more real!

Wadiman

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Re: 2021 FIRE Cohort
« Reply #176 on: May 18, 2018, 10:11:39 PM »
Congrats Damo - good to see another aussie on this thread. 

Hopefully there won't be too many nasty taxation changes between now and then!

FIRE Artist

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Re: 2021 FIRE Cohort
« Reply #177 on: May 19, 2018, 06:58:51 AM »
I have just been offered a three year full time temp position at my existing salary and benefits. I think I am going to accept it, this will bring my FIRE date to June 1st 2021. 

CrazyIT

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Re: 2021 FIRE Cohort
« Reply #178 on: May 22, 2018, 12:33:58 PM »
Last week I had one of those weeks that I wanted to quit every morning I went to work.  This week has been better and want to stick to my 2021 exit plan.

Company is not doing to well and its starting to reflect on the employees including me.  No bonus last calendar year didn't help my attitude for sure.

It's hard being FI and sticking it out for OMY (well really over 2 more) for no good reason besides having a bit more buffer and the GF is planning to same so we can travel together. 


ixtap

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Re: 2021 FIRE Cohort
« Reply #179 on: May 28, 2018, 09:12:17 PM »
We just did our six month review. And realized that we haven't been calculating RSUs in our savings plan. It took us over an hour to figure out how we managed to save so much more last year than we had scheduled for this year.

My husband has expressly told his parents that he plans on going on sabbatical in three years. I think it was a great term, as they can't quite get their heads around the idea of their son retiring in his 30s, given that they can't quite get their heads around living comfortably on our current budget.

nazar

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Re: 2021 FIRE Cohort
« Reply #180 on: June 28, 2018, 08:03:48 AM »
Checking in.  I am taking a week off with no vacation/travel plans as a test run.  No worries about boredom.  Accomplishments include getting acceptable amounts of sleep for the first time in months,  eating great home prepared foods for almost all meals except one lunch out with an early retired friend and their son (and paying for that lunch with a gift card I received from a redemption of my Discover Card cash back bonus) reading a lot, and reviewing numbers and scenarios to see if moving up my date is feasible.  I picked my date based on a particular employer carrot, and am now quantifying the lifetime value of said carrot to come up with a specific buy down (extra savings) to justify walking away earlier.  It definitely gets harder to keep going back the closer I get.  Still calling 2021 my target for now. 

the_fixer

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Re: 2021 FIRE Cohort
« Reply #181 on: June 28, 2018, 08:35:11 AM »
Nice, enjoy your time off.

we are still on target and on the path to exceed the target I set for investing this year.

Wife is awaiting a job offer that is for her dream job and will likely make slightly less due to not getting OT but quality of life will greatly improve for her and I think we should still be able to make our target's with a very little belt tightening.

When my wife presented the job opportunity to me I think she was expecting me to ask her to stick it out at her current position.  I did not even have to think about it and told her to go for it that is the reason we have been working hard and saving to allow us to be in a position to do what we want when we want.

Suppose that made having FU money real for the first time since we started this journey and it felt amazing.

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« Last Edit: June 28, 2018, 09:20:35 AM by the_fixer »

Arbitrage

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Re: 2021 FIRE Cohort
« Reply #182 on: July 16, 2018, 08:12:38 AM »
Going through OLY syndrome - previously posted on 2023 and 2022, but now DW informs me that she would really prefer that our eldest be still in elementary school before moving to FIRE (a plan that she's still not completely sold on).  That moves the date to summer 2021 at the latest.  I love the sound of cutting it down to 3 more years - really, I don't even want to go to work tomorrow - but I'm not sure our financial plans support that date without a lot of luck. 

That means trimming more expenses, getting more income, or otherwise changing the plans.  Unfortunately, DW also wants to re-do the kitchen toward the end of this year (thankfully talked her out of a full remodel with walls getting knocked down and plumbing relocated, but still going to be way more money than I want to spend), and has made noises as to how she'd like more coordinated furniture/interior decoration.  We're generally pretty aligned in our frugality, but I've certainly leapfrogged her recently. 

Anyhow, 2021 is now the goal.  Hopefully we can achieve it by hook or by crook.

sisto

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Re: 2021 FIRE Cohort
« Reply #183 on: July 16, 2018, 09:19:25 AM »
Going through OLY syndrome - previously posted on 2023 and 2022, but now DW informs me that she would really prefer that our eldest be still in elementary school before moving to FIRE (a plan that she's still not completely sold on).  That moves the date to summer 2021 at the latest.  I love the sound of cutting it down to 3 more years - really, I don't even want to go to work tomorrow - but I'm not sure our financial plans support that date without a lot of luck. 

That means trimming more expenses, getting more income, or otherwise changing the plans.  Unfortunately, DW also wants to re-do the kitchen toward the end of this year (thankfully talked her out of a full remodel with walls getting knocked down and plumbing relocated, but still going to be way more money than I want to spend), and has made noises as to how she'd like more coordinated furniture/interior decoration.  We're generally pretty aligned in our frugality, but I've certainly leapfrogged her recently. 

Anyhow, 2021 is now the goal.  Hopefully we can achieve it by hook or by crook.
Congrats on OLY'ing yourself into our cohort! My drop dead date is June 7, 2021, but I've been really working on pulling that date in though. Really hoping to have some good luck and making it in 2019.

Ladychips

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Re: 2021 FIRE Cohort
« Reply #184 on: July 16, 2018, 11:23:20 AM »
Arbitrage!  My brother!  I was just coming here to ask if it is acceptable to be in two fire groups.  I NEED to stay until 2022.  But omg, I don't want to.  I CAN go in 2021 from an eligibility standpoint, but really need to work one more year after that to make things much more comfortable financially.  But right now, I just don't see making it that last year. 

I have a lot going on right now that makes it silly really to think about what year I'm going...but I am obsessing on 2021.

frugalecon

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Re: 2021 FIRE Cohort
« Reply #185 on: July 25, 2018, 06:18:25 PM »
Federal employee here...will hit MRA in 2021...1019 days, to be exact. (727 weekdays!) Am already FI in some sense, in some place, starting to feel like I will have a big decision to make in a few years.

Was telling someone recently about the feeling of freedom I have felt at certain points in my life (e.g.  long road trips), and realized that is what I want to feel every day.

sisto

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Re: 2021 FIRE Cohort
« Reply #186 on: July 26, 2018, 11:15:12 AM »
Federal employee here...will hit MRA in 2021...1019 days, to be exact. (727 weekdays!) Am already FI in some sense, in some place, starting to feel like I will have a big decision to make in a few years.

Was telling someone recently about the feeling of freedom I have felt at certain points in my life (e.g.  long road trips), and realized that is what I want to feel every day.
I like the idea of looking at it by number of days left. I think once you get below 1000 it should start feeling amazing.

mld

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Re: 2021 FIRE Cohort
« Reply #187 on: July 27, 2018, 11:28:12 AM »
Arbitrage!  My brother!  I was just coming here to ask if it is acceptable to be in two fire groups.  I NEED to stay until 2022.  But omg, I don't want to.  I CAN go in 2021 from an eligibility standpoint, but really need to work one more year after that to make things much more comfortable financially.  But right now, I just don't see making it that last year. 

I have a lot going on right now that makes it silly really to think about what year I'm going...but I am obsessing on 2021.

I've been lurking here for similar reasons... 2025 is our planned date, however 2021 would be my absolute dream while 2023 is my mental age goal since I would be turning 35 that year lol.

The plan is currently to start taking 3 month sabbaticals starting June 2021 to spend summers with the kiddoes when they are on school break. I'm having trouble seeing myself go back to work after an entire summer off though lol just returning from a couple of weeks vacation now is brutal! My mind is desperate to find ways to escape now so I imagine it will be even harder with more FU money. 

Anyways I guess it's a good problem to have, so I decided to at least post to follow this thread and all of your progress to keep my dream of 2021 alive. It's a good way to motivate me to massively cut our spending and get creative to try and shed 4ish years off our plan.

frugalecon

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Re: 2021 FIRE Cohort
« Reply #188 on: July 27, 2018, 12:01:25 PM »
Federal employee here...will hit MRA in 2021...1019 days, to be exact. (727 weekdays!) Am already FI in some sense, in some place, starting to feel like I will have a big decision to make in a few years.

Was telling someone recently about the feeling of freedom I have felt at certain points in my life (e.g.  long road trips), and realized that is what I want to feel every day.
I like the idea of looking at it by number of days left. I think once you get below 1000 it should start feeling amazing.

It's demented, but I have a different counter that tracks projected remaining days I will actually be at work. For the 2021 date (which is aggressive for me, but hey, a guy can dream), that is down to 610 actual working days.

boyband

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Re: 2021 FIRE Cohort
« Reply #189 on: July 29, 2018, 03:14:09 PM »
Figure I should post here. 2021 is an aggressive but not unreasonable goal for us to reach FI.

"Before Enlightenment chop wood carry water, after enlightenment chop wood carry water"

For us not a lot will change - I've just set up my own company and love my field. My wife will probably retire and find something else to do, but that's fine.

Financially we are about 70% of the way there, to an amount that will give us a comfortable middle class lifestyle and the house paid off.

Interested to see how all our paths go on this!

frugalecon

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Re: 2021 FIRE Cohort
« Reply #190 on: August 13, 2018, 07:25:38 AM »
1000 calendar days until I hit my MRA, for all you Feds out there. Seems like a milestone.

Ladychips

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Re: 2021 FIRE Cohort
« Reply #191 on: August 13, 2018, 10:09:30 AM »
I'm not to my 1000 day mark yet, but only a couple of months away (assuming I go in three years and not four...).  It is DEFINITELY a milestone worth noting.

sisto

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Re: 2021 FIRE Cohort
« Reply #192 on: August 14, 2018, 10:59:16 AM »
1000 calendar days until I hit my MRA, for all you Feds out there. Seems like a milestone.
Can you share your tracker? Is it as simple as putting in an end date and it calculates for you?

frugalecon

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Re: 2021 FIRE Cohort
« Reply #193 on: August 14, 2018, 12:58:53 PM »
1000 calendar days until I hit my MRA, for all you Feds out there. Seems like a milestone.
Can you share your tracker? Is it as simple as putting in an end date and it calculates for you?

I know the date of my MRA, and then if you difference two dates in Excel, the output is the number of days.

sisto

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Re: 2021 FIRE Cohort
« Reply #194 on: August 15, 2018, 09:37:02 AM »
@frugalecon Thank you, that will work!

ScreamingHeadGuy

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Re: 2021 FIRE Cohort
« Reply #195 on: September 05, 2018, 02:47:03 PM »
I have changed my anticipated FIRE date and, so, I’ve updated our table (as a shameless bump to our thread). 

Nice to see we are at 21 members to our posse with 28 months until our year comes around.

If you are listed as TBD please throw out a guess so the table looks less blank. 

Name.                        Age (self-reported)   FIRE Date
MarcherLady               (at 49)                 October 10, 2020

dreams_and_discoveries (just before 40) February
Chaplin                          (at 47ish)         March 23
ScreamingHeadGuy  (at 41)                    April
WildJager                 (at 35)                   May
FIREArtist.                                            June 1
Sisto                                                     June 7
Wadiman.                                              August
GBRS                       (at 36)                   Sept
damo.                                                   October
Frizzywhiskers.                                      November 5
Accountant007          (at 48)                   December 23
Bownyboy                 (at 29)                  December 25
dougules                   (at 43)                  December 27
SassyG                     (at 54)                   TBD
Nazar TBD
the_fixer TBD
Arbitrage TBD
frugalecon TBD
Ladychips.                (at 55).                  July 1
boyband TBD
CrazyIT TBD
« Last Edit: September 06, 2018, 02:09:43 PM by ScreamingHeadGuy »

Ladychips

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Re: 2021 FIRE Cohort
« Reply #196 on: September 05, 2018, 08:01:39 PM »
How exciting to see my name on the list (but so much pressure too!).  I'm really in 2022, but I just don't think I'll make it that long.  That being said, I have a personal situation that is out of my control so I can't say for certain when I can retire.

IF I go in 2021, I'll go 7/1/21 at the age of 55.

Greenback Reproduction Specialist

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Re: 2021 FIRE Cohort
« Reply #197 on: September 06, 2018, 07:33:04 AM »
How exciting to see my name on the list (but so much pressure too!).  I'm really in 2022, but I just don't think I'll make it that long.


I'm not sure your situation, but I'm finding the closer the date gets, I'm not sure I can make it that long either. I mean we have a big stache(not huge), house is soooo close to being paid off, passive income is growing, etc. Its tough to not feel like we are already there, but in reality we still have just a little further to go. But I can finagle the numbers just right and show myself that we could stop right now. Then I have to remind myself how things might not come so easily when we pull the trigger and we need a bigger safety net. The responsible side continues to win... for now... but the other side wants to go buy a sailboat and sail the world right now.

sisto

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Re: 2021 FIRE Cohort
« Reply #198 on: September 06, 2018, 10:59:12 AM »
I have to agree I'm in the space where it's really hard right now. I just want to be done. I've done the math and I could totally retire to Mexico right now and have plenty of money, but DW is not on board for that plan. I decided to calculate the number of days left. Here's how it plays out:

1005 Total days left! I was thinking it would be really cool when it got below 1000, but I'm so close and not sure it will
716 Total after weekends are removed
685 Total after removing holidays
605 Total after removing vacation and sabbatical

That just seems crazy to me!

ScreamingHeadGuy

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Re: 2021 FIRE Cohort
« Reply #199 on: September 06, 2018, 02:21:59 PM »
You know you want to do 2021.  Here are a few reasons why.

1. 2021 is a cool number.

2. OLY is good for your soul (can’t be proven, but I can prove it’s not bad).
2a. If you’re doing OMY this is a great time to put your foot down and say “Enough!”

3. You’ve posted in and/or read thread.  That means there is some interest.

———

For myself, I am still pursuing a 29X stash.  Current balance is 102% of our “lean” stash, which assumes we didn’t have our daycare or mortgage expenses (they’ll be gone 9-19 and 7-20, respectively).  This amount is currently 85% of our desired stash level.

Based on my assumed rate of return (1% less than long term averages) and my planned rebalancing to bonds starting next year (which will be followed by a rising equity glide path from 2022 onward) the 100% desired stash level should be achieved in January of 2021.  But I dont want to retire into the middle of winter, so I plan to pad a bit until April.  This is already a pull-back from a few months ago when I was talking about June.