Author Topic: 2022 FIRE cohort  (Read 51879 times)

Travelling Biologist

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Re: 2022 FIRE cohort
« Reply #100 on: February 09, 2016, 07:31:11 PM »
I just found this thread!

Arebelspy's "Time to FI spreadsheet" says early 2021, but it doesn't include college expenses....so December 2022 is my conservative FIRE date.

By 12/22 my last kiddo will be a Senior in high school and she should know where she's going and what scholarships (if any) she can get.

The plan is to sell our main house and rent a condo/townhome locally for the last few months until she finishes high school. I do threaten to move in with DH's parents who live local for the first five months of 2023. (Hey payback's a B**TCH....they lived with us/mooched off us for 1.5 years earlier in life). We have a FIRE house about 1 1/2 hours away we're working on fixing up right now, so we'd only be there M-Th nights. DH plans to keep working PT after FI....I plan to let him.

Welcome to the 2022 group! Where is this Time to FI spreadsheet I've seen mentioned a couple of times?

zephyr911

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Re: 2022 FIRE cohort
« Reply #101 on: February 10, 2016, 02:16:21 PM »
I plan on "graduating" with you all in 2022!!!  Technically we could a year earlier, but I am giving myself room for other things to happen/a little cushion cash just in case.
Welcome!
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Larabeth

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Re: 2022 FIRE cohort
« Reply #102 on: February 10, 2016, 06:19:34 PM »
I plan on "graduating" with you all in 2022!!!  Technically we could a year earlier, but I am giving myself room for other things to happen/a little cushion cash just in case.
Welcome!
Madison County MMM'er here.

Yay!  Thanks. =)  I'm up that way a good bit, my dad works on the Arsenal and my family is from Florence.  =)

zephyr911

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Re: 2022 FIRE cohort
« Reply #103 on: February 10, 2016, 06:29:24 PM »
If they ever need any help in real estate, I'm licensed and I run a rental partnership around heah. ;)
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Larabeth

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Re: 2022 FIRE cohort
« Reply #104 on: February 10, 2016, 07:14:11 PM »
If they ever need any help in real estate, I'm licensed and I run a rental partnership around heah. ;)

Sent you a PM!!!  Thanks =D

couponvan

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Re: 2022 FIRE cohort
« Reply #105 on: February 11, 2016, 08:38:38 AM »
I just found this thread!

Arebelspy's "Time to FI spreadsheet" says early 2021, but it doesn't include college expenses....so December 2022 is my conservative FIRE date.

By 12/22 my last kiddo will be a Senior in high school and she should know where she's going and what scholarships (if any) she can get.

The plan is to sell our main house and rent a condo/townhome locally for the last few months until she finishes high school. I do threaten to move in with DH's parents who live local for the first five months of 2023. (Hey payback's a B**TCH....they lived with us/mooched off us for 1.5 years earlier in life). We have a FIRE house about 1 1/2 hours away we're working on fixing up right now, so we'd only be there M-Th nights. DH plans to keep working PT after FI....I plan to let him.

Welcome to the 2022 group! Where is this Time to FI spreadsheet I've seen mentioned a couple of times?

Thanks! I don't remember exactly where I grabbed it from.  Attached is a copy - credits to arebelspy! I did add some notes/minor personal changes and yellow highlights. 
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Travelling Biologist

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Re: 2022 FIRE cohort
« Reply #106 on: February 11, 2016, 12:36:43 PM »
I just found this thread!

Arebelspy's "Time to FI spreadsheet" says early 2021, but it doesn't include college expenses....so December 2022 is my conservative FIRE date.

By 12/22 my last kiddo will be a Senior in high school and she should know where she's going and what scholarships (if any) she can get.

The plan is to sell our main house and rent a condo/townhome locally for the last few months until she finishes high school. I do threaten to move in with DH's parents who live local for the first five months of 2023. (Hey payback's a B**TCH....they lived with us/mooched off us for 1.5 years earlier in life). We have a FIRE house about 1 1/2 hours away we're working on fixing up right now, so we'd only be there M-Th nights. DH plans to keep working PT after FI....I plan to let him.

Welcome to the 2022 group! Where is this Time to FI spreadsheet I've seen mentioned a couple of times?

Thanks! I don't remember exactly where I grabbed it from.  Attached is a copy - credits to arebelspy! I did add some notes/minor personal changes and yellow highlights.

Cool! Thanks! (And thanks to arebelspy). Not that I need another spreadsheet, but I do love me some spreadsheets!

2Birds1Stone

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Re: 2022 FIRE cohort
« Reply #107 on: February 29, 2016, 07:35:26 PM »
Hello fellow class of 2022 :)

How is everyone doing so far for the year? Is anyone ahead of their 2022 projection? Behind?  I think we are still on pace to reach barebones FI by then.
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zephyr911

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Re: 2022 FIRE cohort
« Reply #108 on: February 29, 2016, 08:56:48 PM »
Yeah, if anything I'm ahead.
I'm following 2017 for going PT-only (~25%) and 2022 for my last day of wage earnings. 2017 may slide a little just to get things set up better, but 2022 is a lock.
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homestead neohio

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Re: 2022 FIRE cohort
« Reply #109 on: March 01, 2016, 06:22:09 AM »
Hello fellow class of 2022 :)

How is everyone doing so far for the year? Is anyone ahead of their 2022 projection? Behind?  I think we are still on pace to reach barebones FI by then.

I am on track.  Most of my anticipated 2016 investment dollars besides HSA and 401k will come in lumps from bonus, tax return, or sales of items due to downsizing, none of which have hit the investment account yet.  Still looks like I'll beat my savings goal this year, which can make up for lackluster market returns. End of April I should have half invested, end of June the rest, so I'll recalculate then.  Arebelspy's Time to FI spreadsheet currently says FI at June 2023, but I know I can pull this in.  I tend to exceed savings goals when motivated.

I actually briefly considered a career change which would mean 1/6th the pay.  It would have been a fun way to spend the year, learning skills I want to learn and being more physically active, but not what I was planning on for compensation to support the goal of FI in 2022.  I was able to consider it based on changes we've made to budget in the past year and 'stache we've built to date.  I don't think I'll be doing it because I'm still focused on building net worth (it is a change I can always decide to make in the future), but it was luxurious to be able to seriously consider it. 

couponvan

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Re: 2022 FIRE cohort
« Reply #110 on: March 01, 2016, 10:36:43 AM »
Hello fellow class of 2022 :)

How is everyone doing so far for the year? Is anyone ahead of their 2022 projection? Behind?  I think we are still on pace to reach barebones FI by then.

It still has us on track - For us, most of it depends on the kids and college and where we end up with that....
Why the hell are we going shopping? Buy sh*t, return other sh*t, go through sh*t and donate sh*t. Complain about having too much sh*t. Repeat. (Bracken Joy 2/17)




Travelling Biologist

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Re: 2022 FIRE cohort
« Reply #111 on: March 01, 2016, 11:43:40 AM »
Hello fellow class of 2022 :)

How is everyone doing so far for the year? Is anyone ahead of their 2022 projection? Behind?  I think we are still on pace to reach barebones FI by then.

I think we're probably a bit behind (the Canadian markets had a terrible year last year and the new year has been pretty rocky everywhere). We also paid a bunch of deferred sales changes to get out of expensive mutual funds, and happened to make a huge lump sum transfer from our managed accounts to a brokerage at the peak of the US market. Oh well, we are in it for the long haul and I am not too worried about this small blip. And because our savings rate is high, we keep making slow but steady forward progress despite these issues.

nereo

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Re: 2022 FIRE cohort
« Reply #112 on: March 01, 2016, 12:00:06 PM »
Hello fellow class of 2022 :)

How is everyone doing so far for the year? Is anyone ahead of their 2022 projection? Behind?  I think we are still on pace to reach barebones FI by then.
I'm dissapointingly falling behind.  Funding was cut in our program so we've gone from having a high savings rate with dual stipends to having just one stipend and saving just ~5-10% of our income in recent months. Very frustrating.  A well paying job starting in 2017 could reverse the trend, but at present my options are limited until my degree is finished. 
On a positive note, we're taking the time to find other areas to optimize.
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2Birds1Stone

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Re: 2022 FIRE cohort
« Reply #113 on: March 01, 2016, 12:07:41 PM »
I wouldn't get discouraged, with 6+ years to go we will all increase incomes, streamline our expenses further, and knowing the general type of individual this lifestyle attracts probably end up ahead of our projections.
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nereo

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Re: 2022 FIRE cohort
« Reply #114 on: March 01, 2016, 12:11:57 PM »
I wouldn't get discouraged, with 6+ years to go we will all increase incomes, streamline our expenses further, and knowing the general type of individual this lifestyle attracts probably end up ahead of our projections.
Thanks.  I think it's a human tendancy (recency bias) to take our current experiences and project them infinitely into the future.  By that measure I won't be fully FI for another 2 decades.  OTOH with a reasonable salary in 2017 we just *might* still hit the 2022 date.  Not quitting this group for sure yet ;-)
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faramund

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Re: 2022 FIRE cohort
« Reply #115 on: March 01, 2016, 05:45:13 PM »
I think I'm still good for 2022, but the market downturn has certainly put me behind where I thought I was, but still, 6.5 years to make it up should do it.

Axecleaver

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Re: 2022 FIRE cohort
« Reply #116 on: March 02, 2016, 08:52:03 AM »
Too soon to say, but some recent business wins have tentatively pulled my date up to 2020. That's making a lot of assumptions about keeping the revenue where it is today, though, and it's way too early to count on it sticking around for five years. I'll feel more confident about it a year from now with a history of successful delivery behind me. 2022 should be no problem, though!

Clean Shaven

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Re: 2022 FIRE cohort
« Reply #117 on: March 02, 2016, 11:42:32 AM »
We're hoping for 2019 or 2020, depending on what happens between now and 3 (or 4) years from now, in terms of (a) income/savings, and (b) market returns.

The goalpost of 2022 was set initially based on that being when our youngest kid should complete a 4-year undergrad program.  We have allocated buckets for the kids' college funds, and so far (with the oldest), the planned allocation is working.  So, we're thinking that we can probably move up the FIRE date a bit.

couponvan

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Re: 2022 FIRE cohort
« Reply #118 on: March 02, 2016, 06:20:54 PM »
We're hoping for 2019 or 2020, depending on what happens between now and 3 (or 4) years from now, in terms of (a) income/savings, and (b) market returns.

The goalpost of 2022 was set initially based on that being when our youngest kid should complete a 4-year undergrad program.  We have allocated buckets for the kids' college funds, and so far (with the oldest), the planned allocation is working.  So, we're thinking that we can probably move up the FIRE date a bit.

Our FIRE date is based off when our youngest STARTS college - we will either be done based on allocated buckets, or have another year or two added.  I would LOVE to have the goal post move up.  That's so fantastic!  I may FIRE earlier if DH wants to work longer....Once I hit the asset mark I think we need and I know we can put our youngest through college, I am done. 
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RWD

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Re: 2022 FIRE cohort
« Reply #119 on: March 05, 2016, 12:19:12 PM »
Hello fellow class of 2022 :)

How is everyone doing so far for the year? Is anyone ahead of their 2022 projection? Behind?  I think we are still on pace to reach barebones FI by then.

My calculations suggest 2022 is still about right for FI for us. It's too early to tell whether I'll be comfortable pulling the trigger on retirement though.

zephyr911

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Re: 2022 FIRE cohort
« Reply #120 on: March 05, 2016, 12:28:52 PM »
How old is everyone here?
I'll be 38 in June of this year, and 44 in August 2022 when I'm eligible for military retirement.
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RWD

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Re: 2022 FIRE cohort
« Reply #121 on: March 05, 2016, 03:04:53 PM »
How old is everyone here?
I'll be 38 in June of this year, and 44 in August 2022 when I'm eligible for military retirement.

I turn 38 in 2022.

2Birds1Stone

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Re: 2022 FIRE cohort
« Reply #122 on: March 05, 2016, 04:30:23 PM »
How old is everyone here?
I'll be 38 in June of this year, and 44 in August 2022 when I'm eligible for military retirement.

I'm turning 29 in May and will be 35 when I reach FI in 2022, possibly 34 if the markets cooperate and give me better #gainz.

Due to the extremely volatile nature of my pay/job security I could end up FI a year sooner or 2-3 years later.
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zephyr911

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Re: 2022 FIRE cohort
« Reply #123 on: March 05, 2016, 05:25:45 PM »
I'm the old fart so far. Interesting :)
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homestead neohio

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Re: 2022 FIRE cohort
« Reply #124 on: March 05, 2016, 07:03:00 PM »
DW and I will also turn 44 in 2022.

couponvan

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Re: 2022 FIRE cohort
« Reply #125 on: March 05, 2016, 07:52:56 PM »
I'm the old toot...I will be 45 next week! But I probably have the most kids -3. How many kids do you all have? We'd be FIRE 4 years ago sans kids.
Why the hell are we going shopping? Buy sh*t, return other sh*t, go through sh*t and donate sh*t. Complain about having too much sh*t. Repeat. (Bracken Joy 2/17)




zephyr911

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Re: 2022 FIRE cohort
« Reply #126 on: March 05, 2016, 08:24:56 PM »
Two dogs and a cat. xD
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londonbanker

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Re: 2022 FIRE cohort
« Reply #127 on: March 06, 2016, 03:56:10 AM »
I am 36 today, will be 42 when I pull the trigger

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Re: 2022 FIRE cohort
« Reply #128 on: March 06, 2016, 05:49:09 AM »
I would put myself around this date. Disclaimer, I am "Mustachian Lite". Currently 52, so will be 58. We are sitting presently at $1M invested, house paid off. I stand to get a teachers pension at around 35K a year at 58. 3 kids, 2 in college, one a junior in HS. Would like to get last one through college. I know I could go earlier, but work is not terrible. I also feel like I "owe" my wife/ I changed careers 17 years ago into teaching and we were very tight for money. As I retrained, my wife worked extra, and the kids were small. Good times but lean. This past couple of years we have finally had money in our pockets, especially after paying down the mortgage. Not going to lie, my wife is enjoying the extra cash and comfort, and I really cannot blame her. As usual, lots of emotional aspects to how we relate to money. 2022 seems about right though for me.

couponvan

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Re: 2022 FIRE cohort
« Reply #129 on: March 07, 2016, 01:29:10 PM »
I am 36 today, will be 42 when I pull the trigger

Happy belated birthday!
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couponvan

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Re: 2022 FIRE cohort
« Reply #130 on: March 07, 2016, 01:33:46 PM »
I would put myself around this date. Disclaimer, I am "Mustachian Lite".

I like this term...sounds a lot like our family. I love the idea of mustachian life, but I also enjoy some luxuries.  Hence why we will need(want) $2MM net worth for retirement.

My 2022 FIRE date coincides with the youngest going to college....knowing for sure how much that will cost and whether we've got it covered.  We may need to work OMY if she is more expensive than expected. :-) 
Why the hell are we going shopping? Buy sh*t, return other sh*t, go through sh*t and donate sh*t. Complain about having too much sh*t. Repeat. (Bracken Joy 2/17)




MVal

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Re: 2022 FIRE cohort
« Reply #131 on: March 07, 2016, 02:13:07 PM »
I'm about this FIRE class, I think. Most of my calculations put me at about 8 years from now, but maybe I'll land a windfall somewhere. Wish I could do it earlier... 8 years still sounds like such a prison sentence.
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Proverbs 13:11
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faramund

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Re: 2022 FIRE cohort
« Reply #132 on: March 07, 2016, 02:37:52 PM »
I'm 45, so 52 when I retire.. No spring chicken here!!!

couponvan

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Re: 2022 FIRE cohort
« Reply #133 on: March 07, 2016, 02:56:32 PM »
I'm 45, so 52 when I retire.. No spring chicken here!!!

Yay! Me too....:-)
Why the hell are we going shopping? Buy sh*t, return other sh*t, go through sh*t and donate sh*t. Complain about having too much sh*t. Repeat. (Bracken Joy 2/17)




Gray Matter

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Re: 2022 FIRE cohort
« Reply #134 on: March 08, 2016, 06:16:26 AM »
I'm 45, so 52 when I retire.. No spring chicken here!!!

Yay! Me too....:-)

Me, three!  But from what I hear, 52 IS the new spring chicken!

MVal

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Re: 2022 FIRE cohort
« Reply #135 on: March 08, 2016, 09:51:50 AM »
I'm 45, so 52 when I retire.. No spring chicken here!!!

Yay! Me too....:-)

Me, three!  But from what I hear, 52 IS the new spring chicken!

I'm only 33, but 50 seems like such a good age the older I get. By 50, it seems like most people are over a lot of their insecurities and have a certain understanding about life younger folks just don't.  I'm crossing my fingers that my life situation will continue to allow me to stay the course on my 'stache savings plan for the next several years, because if I can't quit working by 50, I'm going to be extremely upset. >:<  ...That is, unless I'm doing some kind of crazy, awesome job like taking care of dolphins or something.
Proverbs 13:4
The soul of the sluggard craves and gets nothing, but the soul of the diligent is made fat.

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

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

couponvan

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Re: 2022 FIRE cohort
« Reply #136 on: March 08, 2016, 12:57:11 PM »
I'm 45, so 52 when I retire.. No spring chicken here!!!

Yay! Me too....:-)

Me, three!  But from what I hear, 52 IS the new spring chicken!

I'm only 33, but 50 seems like such a good age the older I get. By 50, it seems like most people are over a lot of their insecurities and have a certain understanding about life younger folks just don't.  I'm crossing my fingers that my life situation will continue to allow me to stay the course on my 'stache savings plan for the next several years, because if I can't quit working by 50, I'm going to be extremely upset. >:<  ...That is, unless I'm doing some kind of crazy, awesome job like taking care of dolphins or something.

If you don't have kids, then 45 is easy for FIRE (I have several friends blissfully traveling and enjoying a luxurious retirement already).  If you do have kids, most parents want to send them to college, so FIRE is harder to calculate unless you are uber wealthy.  I'd be quite happy to retire and 50....heck, if our net worth hits the $2MM mark I will do so and let DH keep working if he so pleases.  I've already changed from FT to PT, and that is way more enjoyable for sure.  I'm thinking of changing to even more PT next year....like 1/2 time... :-)
Why the hell are we going shopping? Buy sh*t, return other sh*t, go through sh*t and donate sh*t. Complain about having too much sh*t. Repeat. (Bracken Joy 2/17)




MVal

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Re: 2022 FIRE cohort
« Reply #137 on: March 08, 2016, 04:09:49 PM »
I'm 45, so 52 when I retire.. No spring chicken here!!!

Yay! Me too....:-)

Me, three!  But from what I hear, 52 IS the new spring chicken!

I'm only 33, but 50 seems like such a good age the older I get. By 50, it seems like most people are over a lot of their insecurities and have a certain understanding about life younger folks just don't.  I'm crossing my fingers that my life situation will continue to allow me to stay the course on my 'stache savings plan for the next several years, because if I can't quit working by 50, I'm going to be extremely upset. >:<  ...That is, unless I'm doing some kind of crazy, awesome job like taking care of dolphins or something.

If you don't have kids, then 45 is easy for FIRE (I have several friends blissfully traveling and enjoying a luxurious retirement already).  If you do have kids, most parents want to send them to college, so FIRE is harder to calculate unless you are uber wealthy.  I'd be quite happy to retire and 50....heck, if our net worth hits the $2MM mark I will do so and let DH keep working if he so pleases.  I've already changed from FT to PT, and that is way more enjoyable for sure.  I'm thinking of changing to even more PT next year....like 1/2 time... :-)

Yes, I count my blessings as a single, child-free person. If I had kids, I'm sure I'd never be able to retire early on my paltry $40K/yr.
Proverbs 13:4
The soul of the sluggard craves and gets nothing, but the soul of the diligent is made fat.

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

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

faramund

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Re: 2022 FIRE cohort
« Reply #138 on: March 08, 2016, 05:26:03 PM »
I'm 45, so 52 when I retire.. No spring chicken here!!!

Yay! Me too....:-)

Me, three!  But from what I hear, 52 IS the new spring chicken!

I'm only 33, but 50 seems like such a good age the older I get. By 50, it seems like most people are over a lot of their insecurities and have a certain understanding about life younger folks just don't.  I'm crossing my fingers that my life situation will continue to allow me to stay the course on my 'stache savings plan for the next several years, because if I can't quit working by 50, I'm going to be extremely upset. >:<  ...That is, unless I'm doing some kind of crazy, awesome job like taking care of dolphins or something.

If you don't have kids, then 45 is easy for FIRE (I have several friends blissfully traveling and enjoying a luxurious retirement already).  If you do have kids, most parents want to send them to college, so FIRE is harder to calculate unless you are uber wealthy.  I'd be quite happy to retire and 50....heck, if our net worth hits the $2MM mark I will do so and let DH keep working if he so pleases.  I've already changed from FT to PT, and that is way more enjoyable for sure.  I'm thinking of changing to even more PT next year....like 1/2 time... :-)

Yes, I count my blessings as a single, child-free person. If I had kids, I'm sure I'd never be able to retire early on my paltry $40K/yr.
Well, I have 3 kids. One son -17, and twin girls -14. So yes, I also think without them, I could be retired... NOW!

Playing with Fire UK

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Re: 2022 FIRE cohort
« Reply #139 on: March 08, 2016, 10:55:59 PM »
33, DINKE (no kids ever). So glad I found this place before I spent another decade thinking that saving 10% after pensions made me a hero of finance.

Currently lagging on 2022 - no pay rise this year so looking to move and with luck get a pay bump. Markets are helping in the long term, but the NW spreadsheet is looking a little poor, it's just vanity but I've got some work to do to get on the 2022 track.

Current ideas are revamping another house (I'm keen, SO not so much), dumping the job and hoping freelance works out well (could go horribly wrong), or dial back at work and focus on a side hustle (to be determined).

Also, if the rumours of the upcoming UK budget are to be believed, I've gambled and lost on stuffing my old age retirement fund at the expense of more accessible savings. Oh well, I suppose that the money will be there when the government decides I can see it (no equivalent of a conversion ladder this side of the pond). And will go back to actually paying an appropriate rate of tax next year (the shock and horror to my poor wallet). This has made retiring by 58 pretty much a certainty though, so only mild complaints.

Primm

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Re: 2022 FIRE cohort
« Reply #140 on: March 08, 2016, 11:04:07 PM »
Adding on. I originally thought 10 years so 2025 but that sounds WAY too long. 7 years sounds long considering I can't wait until Friday. sigh.

Me too. If you're going to have a goal might as well make it a stretch one. :)

homestead neohio

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Re: 2022 FIRE cohort
« Reply #141 on: March 09, 2016, 06:54:51 AM »
Adding on. I originally thought 10 years so 2025 but that sounds WAY too long. 7 years sounds long considering I can't wait until Friday. sigh.

Me too. If you're going to have a goal might as well make it a stretch one. :)

I keep trying to find ways to shorten the time.  Still have a half dozen "action items" to sell stuff or reduce current and FI budgets before I have to go back to brainstorming.  We're getting close to running out of significant improvements, though, as we are ever approaching the homestead lifestyle we want and are not waiting to achieve FI to do it.  The way to put it on fast forward would be to up income, but that would take time away from the pursuits that bring joy and prepare us for the future we want, some of which reduce expenses (producing food).  So we are plodding along at 30-40% savings rate and trying to have some balance.  I think it will make a transition to RE less of a shock if I'm already doing most of the things I want.  I can just do them much more when I RE and spend more time enjoying that I am doing them.  I was recently miserable in a job and am in a much better environment now, so I'm trying to enjoy that.  But it is still full time work.  I am more goal oriented than process oriented, so I set lots of non-FIRE goals to focus on (so the big 2022 goal doesn't eclipse everything else).

Sometimes I think all the focus on shortening the timeline is wasted time, and that if I just focused on things I love to do outside of work, I wouldn't be wishing for time to pass so I could see my 'stache grow and then FIRE.  I try to keep the FIRE focus "active", focusing on what I can actually do.  But I still check the balances and count the years (obviously) and know patience has power.  If I find myself spending tons of time and energy for only meager budget reductions or savings, might be time to put it on autopilot and just focus on living.  Still some more optimizing to do for now.  I also try to take this nervous energy and direct it to other lifestyle improvements, like being more active.  Some limited success there...

What strategies are you employing to enjoy your path to 2022 and are any of you preparing for the transition to RE now? 

If there are other forum threads you've found helpful, please post a link.

Travelling Biologist

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Re: 2022 FIRE cohort
« Reply #142 on: March 09, 2016, 07:06:17 AM »
I think that is a great outlook neohio and one I need to embrace more. I know this intellectually but haven't done much to advance in that direction yet.

mancityfan

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Re: 2022 FIRE cohort
« Reply #143 on: March 09, 2016, 07:12:25 AM »
Nice points Homestead. I am working on strategies to take my mind off constantly looking ahead, and consequently not enjoying today as much as I should. I see this as a common theme on other FIRE year threads btw. For me I am working on a few things over the coming months:

1. Leave all investments on autopilot
2. Check spreadsheets once a week instead of daily
3. I have signed up for a couple of classes in spring - Spanish, and cooking
4. Trying to read one book per week for pleasure.
5. Get back into photography - a hobby I want to reignite.
6. Try to vary my social activities. I enjoy running, playing poker, photography, soccer, soccer refereeing. All of them have different circles of friends. I tend to focus on one thing at a time, so variety is a goal this year.

MVal

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Re: 2022 FIRE cohort
« Reply #144 on: March 10, 2016, 10:11:42 AM »
Nice points Homestead. I am working on strategies to take my mind off constantly looking ahead, and consequently not enjoying today as much as I should. I see this as a common theme on other FIRE year threads btw. For me I am working on a few things over the coming months:

1. Leave all investments on autopilot
2. Check spreadsheets once a week instead of daily
3. I have signed up for a couple of classes in spring - Spanish, and cooking
4. Trying to read one book per week for pleasure.
5. Get back into photography - a hobby I want to reignite.
6. Try to vary my social activities. I enjoy running, playing poker, photography, soccer, soccer refereeing. All of them have different circles of friends. I tend to focus on one thing at a time, so variety is a goal this year.

I really need to get my head back on today as well. I'm driven nearly to madness in hyperfocusing on my FIRE efforts and I'm really losing touch with the here and now. I want to join you in your book reading goal; I have many books I keep meaning to read, but I get sucked in by the interwebs at night and don't do it. I also want to start painting and playing music again.
Proverbs 13:4
The soul of the sluggard craves and gets nothing, but the soul of the diligent is made fat.

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

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

faramund

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Re: 2022 FIRE cohort
« Reply #145 on: March 10, 2016, 01:57:59 PM »
When I did my first too-retire spreadsheet it was 12 years, ending in 2024. 2 years later, I worked out I could shorten it to 2022. As I'm aiming at Nov 1 2022, its almost 6.5 years, which is almost 6 years to go, which is half way through my first estimates. I'm 45, which probably alters my perspectives, but 6 years really isn't that much.


Classical_Liberal

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Re: 2022 FIRE cohort
« Reply #146 on: March 10, 2016, 08:26:10 PM »
Can I have a seat at the "cool table"?

A Firecalc median return has me at just over my goal for a 4% SWR at the end of 2022 with my preferred AA.  A Monte Carlo is giving me a median a little under that.  Caveat, I may decide to go a bit early with part time work.  I'm 39 and will turn 46 in 2022.   

zephyr911

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Re: 2022 FIRE cohort
« Reply #147 on: March 11, 2016, 05:14:32 AM »
Can I have a seat at the "cool table"?

A Firecalc median return has me at just over my goal for a 4% SWR at the end of 2022 with my preferred AA.  A Monte Carlo is giving me a median a little under that.  Caveat, I may decide to go a bit early with part time work.  I'm 39 and will turn 46 in 2022.
Welcome.
I'm almost definitely going PT before 2022 myself (most likely next year), but it remains as my milestone for full retirement. I'll be holding onto that lucrative Air National Guard job so I can retire at 20 and shop the commissary with all the other crotchety old folks. xD
I am not a cog. I am an organizational lubricant.

couponvan

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Re: 2022 FIRE cohort
« Reply #148 on: March 11, 2016, 06:34:56 AM »
Can I have a seat at the "cool table"?

A Firecalc median return has me at just over my goal for a 4% SWR at the end of 2022 with my preferred AA.  A Monte Carlo is giving me a median a little under that.  Caveat, I may decide to go a bit early with part time work.  I'm 39 and will turn 46 in 2022.

Welcome! I am 45 and have been doing PT work for the past 5 years. I have 6 more to go. Kids make it hard to do more. I really think PT is great-if you can pace yourself and say "no" to extra work.
Why the hell are we going shopping? Buy sh*t, return other sh*t, go through sh*t and donate sh*t. Complain about having too much sh*t. Repeat. (Bracken Joy 2/17)




MVal

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Re: 2022 FIRE cohort
« Reply #149 on: March 14, 2016, 04:15:11 PM »
Can I have a seat at the "cool table"?

A Firecalc median return has me at just over my goal for a 4% SWR at the end of 2022 with my preferred AA.  A Monte Carlo is giving me a median a little under that.  Caveat, I may decide to go a bit early with part time work.  I'm 39 and will turn 46 in 2022.

Welcome! I am 45 and have been doing PT work for the past 5 years. I have 6 more to go. Kids make it hard to do more. I really think PT is great-if you can pace yourself and say "no" to extra work.

Part-time work is part of my FIRE goal. I could be satisfied with not being fully early-retired as long as I didn't have to work more than part-time ever again. There are so many forms of work much more appealing to me which are part-time that I would love to do if I could afford to, many in the entrepreneurial, creative realm. 
Proverbs 13:4
The soul of the sluggard craves and gets nothing, but the soul of the diligent is made fat.

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

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