Author Topic: 2025 Fire Cohort  (Read 91039 times)

swashbucklinstache

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Re: 2025 Fire Cohort
« Reply #200 on: December 28, 2017, 04:09:34 PM »
Yah chief, sign me up. Likely as FI rather than FIRE, with a few extra years to pad on after, but so much could change from now to then. Aged 27, 8.5x current expense saved, no house, 65% or so savings rate give or take. Single, readiness-to-mingle currently TBD

Well, there was my original post in 12/2016! In the intervening 9 months I've moved from 8.5x current expenses to 10.96x and upped my savings rate a few percentage points! I'm still an immature smartass though :).

My life is so far from where it'll be in 2025 that it's hard to say how i'm doing, but things are headed in the right direction. I could be in the 650k-900k range if things go roughly how they've gone so far. The high end of that is looking damn near the end of things for full-time worker bee me if I'm still single and childless at that time, or at least time to ask for a stupid amount of money not to go a-wanderin'.

Hope everyone else is on track, too.

Update, maybe I'll keep an annually running tab in this thread if people don't mind :).
stache as multiple of 3 year trailing current expenses
12/2016: 8.5x
09/2017: 10.96x
12/2017: 11.6x - would be higher but have had an expensive year

ardrum

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Re: 2025 Fire Cohort
« Reply #201 on: December 28, 2017, 05:55:27 PM »
You're all doing fantastically it seems as far as your multiples of living expenses go.  I almost wonder if many of you are being too conservative in your estimates haha.  I'm saving a wee bit over 2x living expenses each year, and I think 2025 is realistic for me even if I'm not yet at 5x living expenses (around 4.75x) currently as 2017 comes to an end.  My signature lays out my rough targets (sitting pretty right now only because of the absurd returns in 2017).  It will really come down to luck... if there is a big downturn after I'm into the 20x+ level, it probably won't happen in 2025.  If the downturn happens sooner though and it's a big bull market starting after I'm over 20x, I'll probably make it.  You never know, so I'll plan to be flexible and have part-time work be a continuous option (it might be something I'd be interested in anyway, but I love the idea of FI for the freedom of options it allows).

swashbucklinstache

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Re: 2025 Fire Cohort
« Reply #202 on: December 28, 2017, 08:00:51 PM »
You're all doing fantastically it seems as far as your multiples of living expenses go.  I almost wonder if many of you are being too conservative in your estimates haha.  I'm saving a wee bit over 2x living expenses each year, and I think 2025 is realistic for me even if I'm not yet at 5x living expenses (around 4.75x) currently as 2017 comes to an end.  My signature lays out my rough targets (sitting pretty right now only because of the absurd returns in 2017).  It will really come down to luck... if there is a big downturn after I'm into the 20x+ level, it probably won't happen in 2025.  If the downturn happens sooner though and it's a big bull market starting after I'm over 20x, I'll probably make it.  You never know, so I'll plan to be flexible and have part-time work be a continuous option (it might be something I'd be interested in anyway, but I love the idea of FI for the freedom of options it allows).

I will say if you're referring to me, my multiples are of my current expenses and I plan to "plan" for 40k per year instead of the ~22k per year I'm currently running, for safety margin, insurance costs, and because I might want to have a family etc. or otherwise meaningfully change my spending plans. Your plan sounds good to me!

Edit to add: Sorry if that is misleading to people, too! Maybe it makes more sense for me to list multiples of 40k or something, but I'm too far away to even be confident in that number anyway. Not important in any case. Happy saving!
« Last Edit: January 02, 2018, 03:25:30 PM by swashbucklinstache »

aetheldrea

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Re: 2025 Fire Cohort
« Reply #203 on: January 01, 2018, 09:40:48 PM »
Hello Cohort. Just popping in to say that April 30th 2025 is my date. There are a ton of variables that could affect whether we will be frugal by necessity or living large in retirement, but that date is pretty firm.

Laura33

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Re: 2025 Fire Cohort
« Reply #204 on: January 02, 2018, 01:39:45 PM »
Just checking in. Everyone still on track?  This year seems misleading to me with such great market returns.

Yep -- right there with you.  Everything appears on track, or possibly even ahead of schedule, due to a variety of good things.*     

But the big unknown is the market; everything always looks rosy at the end of a giant bull run.  It's going to go down sometime, and when/how far is the biggest threat to my plans ("market crashes January 2026" is pretty much my worst-case scenario).  So I am withholding judgment until after the next crash, which I think will provide a more realistic view of our status than today's lovely mountaintop vista.

*Knock on wood.

ardrum

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Re: 2025 Fire Cohort
« Reply #205 on: January 05, 2018, 03:50:50 PM »
Just checking in. Everyone still on track?  This year seems misleading to me with such great market returns.

Yep -- right there with you.  Everything appears on track, or possibly even ahead of schedule, due to a variety of good things.*     

But the big unknown is the market; everything always looks rosy at the end of a giant bull run.  It's going to go down sometime, and when/how far is the biggest threat to my plans ("market crashes January 2026" is pretty much my worst-case scenario).  So I am withholding judgment until after the next crash, which I think will provide a more realistic view of our status than today's lovely mountaintop vista.

*Knock on wood.

Yeah, the sequence of returns will be a big factor.  I'm actually rooting for this market to get a bucket of cold water over its raging bull head (haha).  I want some "discounted" prices for once and would be thrilled for a significant, long decline to buy into for a nice couple years or so.  I bought all throughout the 2008 as I watched my investments "lose" with each buy.  I loved it, haha.  I seem to have zero aversion to volatility for some reason.  I take comfort though in that whatever the market does, I won't sell and won't stop buying.  If it crashes 50% in 2025, I will just keep buying the newly cheaper stocks of the time and enjoy the eventual explosive recovery (which will probably feel excessively powerful and skyrocket past that 25x living expenses).

Zamboni

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Re: 2025 Fire Cohort
« Reply #206 on: January 05, 2018, 07:14:34 PM »
End of 2017: 11.9x living expenses

(exactly 11x if I look only at money earmarked for retirement expenses)

I'm going to track living expenses really carefully this year after taking a break last year; I have a pretty good idea of how much I spend from several previous years of previous tracking.
« Last Edit: January 05, 2018, 07:19:45 PM by Zamboni »

Gone_Hiking

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Re: 2025 Fire Cohort
« Reply #207 on: January 07, 2018, 08:54:50 PM »
Just checking in. Everyone still on track?  This year seems misleading to me with such great market returns.

Happy to report that, thanks to heavy exposure to non-US assets, one of our accounts exceeded returns from S&P500.   This had never happened before. 

Our stache is at 20x of annual spending - more than we expected at the beginning of the year.  Dividends, capital gains, and interest returned some 57% of annual spending.  Much higher than expected, too.  Has everyone noticed how high capital gains were this year? 

Who else here thinks we are due for a stock market correction?

ardrum

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Re: 2025 Fire Cohort
« Reply #208 on: January 11, 2018, 07:17:58 PM »
Just wanted to report that I've hit the 5x living expenses for the first time today!  It took me about 25 months to get here from a net worth of $0 (initially was in negative territory before that).  I probably live a more frugal lifestyle than most, but it's only because of how much I love the idea of FI, even if it's a lean FI!  While it feels like the market is very bubbly (I expect getting to 10x will take much longer than 25 more months), I will stay the course through any downturns (I loved investing in the so-called Great Recession even when I made very little money). 

We have negative net worth (I only started working in 2014), but weíre on track for me to retire in 2025 if I continue at my day job, Iíll be 43. DH will work at his current job until 2035.

DH is fairly senior with the Canadian federal government. He has a solid income and a great pension lined up. We live in a moderate cost of living city, in a low cost neighbourhood, and can comfortably live on his income/pension alone.

I make substantially more than he does, but all of my income goes to tackling the mega mountain of debt that we brought together 4 years ago (well over 400K). Thereís about 2 years left on paying off debt and then all of my income can go towards savings.

We already have ~100K saved. My savings goal is ~500K, which should take about 5 years, after which I can just leave that alone to grow for about 10 years, which will bring it close to 1M.

What will actually happen? I have no idea. Thatís just the rough outline assuming nothing changes. However, Iím starting my own business, I may or may not stick with my day job once the debt is gone. My day job is lucrative, but can never create passive income and isnít scalable.
I definitely will continue working while DH is working, and Iíll likely work in some way well into retirement because I like to be busy with useful things.


Sounds like a good plan, Malkynn!

beach2133

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Re: 2025 Fire Cohort
« Reply #209 on: January 29, 2018, 09:59:18 AM »
Posting to follow and committed to going for 2025.

2025 will put me at 43 which is my stretch goal.  Although, I think @ 45 (2027) my risk aversion illness will be finally be able to be quelled. DW is a teacher and wants to work forever, but I'm looking forward to having my summers free to spend with my family.  Only one kiddo right now that is 11 months, but I expect there will be one more in the future.

I'm currently 19.3x my FIRE budget (no mortgage/no daycare) and 10.8x my current budget.  I'm tracking both in case I decide to take on a 2nd mortgage for rental property. 

I've also created a 4 phase retirement plan (45 - 55, 55-60, 60-70, 70+) and track my current assets against the amount of Today's $ it would take to support that plan.  It's another fun way to compare the numbers when you get bored.  I'm @ 60.91% as of August 1st, 2016.

Amazing what a year and a half of above average market returns will do.  Even though I've adjusted my Current and FI budget's for additional expenses, I'm up to 20.7x my FIRE budget and 13.5x my current budget.  I've adjusted my retirement age from 45 to 44 and have that assets to support that plan 79.55% funded.  I know some turbulent times are coming, but it's hard to not feel great about cashing in on the last 1.5 years.

Anagnorisis

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Re: 2025 Fire Cohort
« Reply #210 on: February 04, 2018, 12:40:04 PM »
Hi everyone!  I'm in - 2025!!  I'll be 44 that year..

I rent out two rooms in my house, work full time and have a largely ignored side gig that usually kicks in a few K each year.  Total income should be about 110K.  My bare bones spending is 15K, but I'm more comfortable at 20K.

I currently stand at:
  18K Invested Post Tax
  60K Invested 401k/IRA/HSA
  120K Home Equity with 120K left to pay off at 3% over 28 years.
  ------
  ~200K NW

My goal is 750K post tax, 600K 401K/IRA/HSA or ~1.5M with the home equity. 









ardrum

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Re: 2025 Fire Cohort
« Reply #211 on: February 04, 2018, 01:11:03 PM »
Hi everyone!  I'm in - 2025!!  I'll be 44 that year..

I rent out two rooms in my house, work full time and have a largely ignored side gig that usually kicks in a few K each year.  Total income should be about 110K.  My bare bones spending is 15K, but I'm more comfortable at 20K.

I currently stand at:
  18K Invested Post Tax
  60K Invested 401k/IRA/HSA
  120K Home Equity with 120K left to pay off at 3% over 28 years.
  ------
  ~200K NW

My goal is 750K post tax, 600K 401K/IRA/HSA or ~1.5M with the home equity. 

I have similar spending to you.  Sounds like you're doing great.

Anagnorisis

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Re: 2025 Fire Cohort
« Reply #212 on: February 04, 2018, 06:30:19 PM »

Quote

I have similar spending to you.  Sounds like you're doing great.


Thanks Ardrum.  What return are you using to calculate out your timeline?



SaucyAussie

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Re: 2025 Fire Cohort
« Reply #213 on: February 06, 2018, 05:15:45 AM »
Everyone hanging in there?  Nobody jumping ship to the 2026'ers I hope!

2Birds1Stone

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Re: 2025 Fire Cohort
« Reply #214 on: February 06, 2018, 01:17:11 PM »
Everyone hanging in there?  Nobody jumping ship to the 2026'ers I hope!

Cheaper shares might get you into 2024 ;)

hettie1

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Re: 2025 Fire Cohort
« Reply #215 on: February 07, 2018, 02:50:39 PM »
Joining!  Hoping for 2025 when we'll be 39 and 43 - Currently sitting on about 5.75x our FIRE budget after only seriously starting to save in the last ~3 years.  We also have our first child on the way - crossing fingers that he won't cost more than I'm expecting and derail our plans too much :P

e34bb098

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Re: 2025 Fire Cohort
« Reply #216 on: March 06, 2018, 06:39:45 PM »
I'm in.

Here's hoping I have a rich-but-unloved relative leave me a fabulous inheritance beforehand.  Otherwise ... 2025 it is.

Dragonswan

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Re: 2025 Fire Cohort
« Reply #217 on: March 08, 2018, 11:48:14 AM »
I'm in.

Here's hoping I have a rich-but-unloved relative leave me a fabulous inheritance beforehand.  Otherwise ... 2025 it is.
Yeah, I'm hoping for an ex lover to realize on his death bed that I'm the one he let get away. He struck it rich while I wasn't looking and he'll leave me his stache.

Gone_Hiking

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Re: 2025 Fire Cohort
« Reply #218 on: March 22, 2018, 09:15:30 PM »
Everyone hanging in there?  Nobody jumping ship to the 2026'ers I hope!

Cheaper shares!  yay!

Laura33

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Re: 2025 Fire Cohort
« Reply #219 on: March 23, 2018, 06:48:43 AM »
Everyone hanging in there?  Nobody jumping ship to the 2026'ers I hope!

Cheaper shares!  yay!

I assume this means something happened in the markets again?  [yawn]

Gone_Hiking

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Re: 2025 Fire Cohort
« Reply #220 on: March 23, 2018, 06:18:52 PM »
Everyone hanging in there?  Nobody jumping ship to the 2026'ers I hope!

Cheaper shares!  yay!

I assume this means something happened in the markets again?  [yawn]

yep.  Market going down on pure trade war prospect panic means dividend yields will be up.  hee hee.

yourusernamehere

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Re: 2025 Fire Cohort
« Reply #221 on: March 23, 2018, 06:25:52 PM »
DH saw a headline and yelled out “honey, everything is on sale!” and I replied “be greedy when others are fearful!” We’ve reached peak mustachianism

(Yes this actually happened as described! Followed by both of us laughing pretty hard.)

poniesandFIRE

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Re: 2025 Fire Cohort
« Reply #222 on: April 05, 2018, 09:28:05 AM »
Shooting for the end of 2025!

I will turn 41 and DH will turn 46 that year. For the sake of numbers, I'd rather hit our number in 2024 (by 40!), but I think 2025 is a big stretch as it is.

We are currently at 7.10x a pretty generous FIRE budget.

Gone_Hiking

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Re: 2025 Fire Cohort
« Reply #223 on: April 06, 2018, 08:24:04 PM »

wienerdog

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Re: 2025 Fire Cohort
« Reply #224 on: April 07, 2018, 08:43:51 AM »
Still looking good.  8.37 times expenses that includes a mortgage that I plan to carry for 5 years when I am done.  Spreadsheet says May 2025 or 7.01 years.  Should have a decent buffer as the mortgage accounts for 30% of my spending as long as the market doesn't tank in those 5 years.  When I get close maybe I will weigh the option of working purely on the mortgage and getting rid of the expense but at this time I think I would rather play conservative and get the stash needed to cover that expense included.

dougules

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Re: 2025 Fire Cohort
« Reply #225 on: April 12, 2018, 01:57:30 PM »
I love when you guys post! The notification comes up and reminds me that 2025 is getting closer.

Post?
Or... comment? Is "post" wrong?

I think "post" is just fine. Btw, my countdown spreadsheet informs me I have 1715 working days until my 2025 date. Just wonder if I will fall prey to the OMY illness at that time.

Post.

frugalecon

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Re: 2025 Fire Cohort
« Reply #226 on: April 13, 2018, 05:22:30 PM »
Master countdown spreadsheet says 360 weeks to go...

BZB

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Re: 2025 Fire Cohort
« Reply #227 on: April 24, 2018, 06:51:37 PM »
Working toward hitting FIRE in 2025. Boy howdy, today at work was serious motivation...

frugalecon

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Re: 2025 Fire Cohort
« Reply #228 on: April 24, 2018, 07:34:38 PM »
Working toward hitting FIRE in 2025. Boy howdy, today at work was serious motivation...

Some days are like that, arenít they? Welcome to the 2025 club!

highlandterrier

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Re: 2025 Fire Cohort
« Reply #229 on: April 29, 2018, 06:51:48 AM »
Great to find this community, we've pencilled in July 2025 for FIRE, really focuses the mind, and for me turns this into a game for my inner geek.

Our affairs are a bit complicated, we'll be 51 then, with a lot of assets in defined benefits pensions which probably won't be accessible until around 60 and 70 (our government keeps changing the rules of access so cannot be sure, doesn't help with the independence bit of FIRE!).

Currently at 8.75x current annual living expenses aiming for about 21x that figure, which will 18x expected expenses at that time allowing for average inflation. Pensions will subsidise this eventually. Saving rate about 55% and creeping up as I convince the other half on the benefits of this approach. Suggesting the possibility of going to live in Florence for a summer in a few years time peaked her interest - "how can we do that highlandterrier". Well...

My projections are very cautious so hopefully will stay on track through any obstacles - I wanna win the game !

MrSeven

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Re: 2025 Fire Cohort
« Reply #230 on: May 18, 2018, 10:58:05 AM »
Plan is to reach FIRE by July 2025

I do like my career and enjoy work a majority of the time, so my savings goal is higher than typical. After I reach FIRE the plan is to work with Mrs. Seven as she currently owns 2 eCommerce businesses which are starting to make a steady profit.

Mortgage is paid off.

Current Savings is ~14X of my living expenses

Biggest spending area besides food is vacationing. Over the past 5 years we average 12% of our annual spending on vacations.
« Last Edit: May 18, 2018, 11:00:51 AM by 7marriagesecrets »

mld

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Re: 2025 Fire Cohort
« Reply #231 on: May 23, 2018, 10:34:17 AM »
So about 345 weeks until 2025 :P! Yup it's one of those weeks where I'm very much looking forward to FIRE...
How's everyone holding up?

I just saw this when lurking in the 2018 Fire Cohort :
Random Tuesday with a handful of weeks left to work. Lately, I have felt a spreading joy that is not dimmed by cubicles or florescent lights.  I have Sigur Ros album "Takk" playing and it feels right on.

I think quitting in about 5 weeks may have revived my enjoyment of work. Ironic.

I'm having the exact opposite reaction now that I've given notice.  I hate that place.  I hate the whole idea of voluntary servitude.  I'm astonished at the level of bullshit I have previously swallowed without even recognizing it, like a fish who can't see water.

I've become a terrible employee.  I struggle to keep my misery at cubicle life hidden from my co-workers.  I have contempt for people and behaviors I used to accept as normal.

Mostly, and this is the recurring thought I just can't seem to get rid of, being at work now makes me think "how did I ever care so much?"

Made me laugh but also feel a bit sad since I feel like that most days lately and I still have a good 7 years to go, yikes!
I must say I feel much better when I'm telecommuting once or twice per week but still, some weeks are just tougher I guess. Also, knowing that FI is not that far down the road sure gives a different perspective on office life.

Dragonswan

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Re: 2025 Fire Cohort
« Reply #232 on: May 23, 2018, 12:38:35 PM »
Yeah, this week sucked.  Come to think of it, most weeks suck.  Which re-enforces what I always say, "Any day I'm not working is a good one."

ardrum

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Re: 2025 Fire Cohort
« Reply #233 on: May 30, 2018, 08:06:59 PM »

Quote

I have similar spending to you.  Sounds like you're doing great.


Thanks Ardrum.  What return are you using to calculate out your timeline?

I tend to use 5% real return in my estimates.

Sandi_k

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Re: 2025 Fire Cohort
« Reply #234 on: June 02, 2018, 07:13:19 PM »
Yep, we're aiming for 2025/early 2026 here. My pension multiplier takes a big jump up the minute I turn 60, so that's what we're planning for.

Currently have 12x additional living expenses in investments; that includes a mortgage that will be done in October 2031.

We're segmenting our savings into "bridge funds" for age 60-70, so that I can delay claiming SocSec until age 70; DH will probably claim at FRA, in 2030.

economist

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Re: 2025 Fire Cohort
« Reply #235 on: June 08, 2018, 08:24:57 PM »
Figured I'd check in as well. Since I first posted in Dec 2016 we've bought a house and I've gotten a promotion (only an 8% raise, but still better than nothing). Things seem to be on track. Just looking at my individual numbers:

Net Worth is around 5.7X expenses, investing plus debt pay down is still around 1.5X expenses per year. So with 0% market returns, looking at around 16-18X expenses in 2025, and if the market does better than that, should be within spitting distance. So I'm keeping 2025 as a goal, knowing that it entails a little bit of optimism bias.

Still not really including GFs numbers since so much depends on exactly when she finishes her PHD and how much she starts earning, plus our finances are still semi-separate right now. Which probably means my numbers are, if anything, more conservative than they need to be. So maybe I'm not too overly optimistic.

mld

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Re: 2025 Fire Cohort
« Reply #236 on: July 16, 2018, 11:57:43 AM »
Edited to add Silrossi46 :)

In a moment of motivation, I decided to create our Cohort list by going through all our posts.

Wow we are a huge group! I've kept some name of people that have moved down to earlier cohorts at the bottom of the list for motivation, let me know if you prefer removing them to make this list shorter. I imagine this will change a lot over the next 6.5 years... we may eventually remove names where person has been MIA for a while from the forum.

Feel free to add/update when necessary or PM me if you prefer!

2025 Cohort with age at FIRE if Known and notes:

2Birds1Stone (38)   
Acyclist                    Nest Egg by 2025, RE later to pay for insurance
adamb (34)   
aetheldrea                April 20th 2025
afuera (34)   
AK (40s)                   Already feel R.E. by self-employed & WFH. 2025 conservative goal maybe 2021.
Anagnorisis (44)   
Anette (55 DH 55)   
ardrum   
asauer (47 SO 47)   
AusLady (46)             LT dream of working 3mo travelly 3mo and 6mo enjoying beach and yoga where she lives
AussieMoneymo (43 DW 44)   
babystache89   
Bbbent (61)   
beach2133 (43)   
BeautifulDay (46 DH 47)   
Bird In Hand (upper 40s)   
bryan995 (40)   
Bumperpuff (42)   
BZB   
carcus (59.5)   
chasingthegoodlife   
chloe1733 (41 DH 44)   
clarkfan1979 (45 DW 41)   
dougules                   Official countdown 1 Feb 2025, will probably get there a bit before then.
Dragonswan   
druth                        Shooting for earlier, possibly by going semi-retired for longer.
e34bb098   
economist (34)   
EngineerYogi (36 DH 40)   
eyePod (40)   
Eyestache   
facepalm                   Latest date, earliest probably 2022
Fastfwd (50)   
Fire2025 (55)   
FL_MM   
Fomerly known as something (47)   
Frugal D (40)   
frugalecon   
G42 (55)   
geekinprogress   
golfreak12   
Gondolin (35)   
Gone_Hiking (54 DH 54)   
hettie (39 DH 43)   
highlandterrier (51 SO 51)    July 2025
hucktard                   FI by 2023  planning to work more years for kids in highschool
hunker_towards (39)           August 2025
Icecreamarsenal   
kitkat (34)   
LadyDividend   
Laura33 (58 DH 58)   
Lethie   
Linda_Norway (50 DH 53)   
Lizzaroo (52 DH 29)   
Malkynn (43)             DH will continue working until 2035
manandsea   
marty988   
messymoneymay       Feb 2025 hoping to move up
mld (36 SO 39)          Planning to switch to WFH full-time soon + Summers off starting 2021
moof   
MrSeven                      July 2025
new mustache city (38)   
oneday                      2025 is stretch goal
OthalaFehu (50)   
poniesandFIRE (41 DH 46)   Stretch for 2024 for RE by 40
Professor Ecks   
rentalnewbie (40 DH 40)   
Sandi_k (60)   
Sapphire (55 DH 56)   
SaucyAussie   
screwit (50 DH 56)   
Scrooge (44)             Aiming for 2021
Silrossi46 (55)
skiddieleet (40)         2030 might be more realistic
Slee_stack   
SoccerLounge            May not RE because job/career is super awesome
Spitfire (45)   
swashbucklinstache (36)   Likely FI 2025 rather than FIRE
sweetest (53 DH 55)   
tarheeldan (40)            Might do Peace Corp or downshift in 2023
thebeautywithout (38 DH 42)   
tj (40)   
TomTX                       Push date is 2025 current is 2027
travelawyer (43 SO 44)   
tssuila                       Likely May/June 2025
warehouse                Targeting 2024/2025
wienerdog (55)   
yourusernamehere (42 DH 54)   
Zamboni   

Moved down to earlier cohorts:

Canadian Ben (35)          Now 2020 by aiming for very PT (40h/month)
Need2Save (52 SO 52)    Now 2024 maybe 2023
« Last Edit: July 17, 2018, 11:14:38 AM by mld »

hunker_towards

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Re: 2025 Fire Cohort
« Reply #237 on: July 16, 2018, 12:49:15 PM »
Ooh ooh, please add me. I'm aiming for August 2025. I'll be 39.

mld

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Re: 2025 Fire Cohort
« Reply #238 on: July 16, 2018, 01:24:17 PM »
Ooh ooh, please add me. I'm aiming for August 2025. I'll be 39.

Done :D and welcome to team 2025!

Anette

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Re: 2025 Fire Cohort
« Reply #239 on: July 16, 2018, 05:24:39 PM »
Thank you mid, seeing my name on the list feels great and gives me this great: "Yes, I am on my way, going to do this and I am part of a supportive community " feeling that I needed!

Silrossi46

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Re: 2025 Fire Cohort
« Reply #240 on: July 16, 2018, 06:58:00 PM »
I am on the 2025 train as well... HCOL area

I will be 55 (golden handcuffs holding me till 55).   I am 48 now.
Paid off home = 550k value
457 plan = 400k will grow for 7 more till 55 with max being added yearly
60% pay pension at 55 (31 years of service).   Highest final 3 years average pay will be 178000
300k in after tax vanguard account
Premium free medical included in retirement

Is it 2025 yet???? Lol

yourusernamehere

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Re: 2025 Fire Cohort
« Reply #241 on: July 16, 2018, 07:41:43 PM »
Nice mle, I love the list! It's great to see how many are on there, what a great crew.

We'll have to see what happens, but DH and I are now moving out of state and also having a baby (which was planned years ago but seemed that it wouldn't work out, so is actually a bit of a surprise.) Things have changed a lot for us but FI in 2025 is still our target!

oneday

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Re: 2025 Fire Cohort
« Reply #242 on: July 16, 2018, 10:55:41 PM »
Wow @mld, what a simple yet amazing idea for a post!  So glad to have you in our cohort!

Thank you mid, seeing my name on the list feels great and gives me this great: "Yes, I am on my way, going to do this and I am part of a supportive community " feeling that I needed!

Um, now that you say it, I realize I feel the same way!

I am in the middle of my first month of independent finances from Mr. X. Excited for June 31st, so I can make some calculations to see if I'm still on track for 2025-ish.  Although with only a month of "pure" data, not sure I can really extrapolate 7 years in the future with any sort of accuracy.  It will be fun to try!

ardrum

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Re: 2025 Fire Cohort
« Reply #243 on: July 17, 2018, 05:14:12 AM »
Impressive list! Let's do this, cohort!

mld

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Re: 2025 Fire Cohort
« Reply #244 on: July 17, 2018, 11:26:54 AM »
I am on the 2025 train as well... HCOL area
...
Is it 2025 yet???? Lol

Added you to the list :) Welcome aboard! Your numbers are looking very good :), any plans for increasing time off until 2025?
You've brought our number of members up to an even 90! Like ardrum said: Impressive!

We'll have to see what happens, but DH and I are now moving out of state and also having a baby (which was planned years ago but seemed that it wouldn't work out, so is actually a bit of a surprise.) Things have changed a lot for us but FI in 2025 is still our target!

Wow awesome! Congrats!! Personally having kiddoes just made us even more motivated to get there ;). Also, I found that our spending didn't really increase as child expenses replaced eating out and other activities that time with our kids took over hehe. (Although we have really cheap daycare here so I realize this might not be the case for everyone).

Wow @mld, what a simple yet amazing idea for a post!  So glad to have you in our cohort!

Thank you mid, seeing my name on the list feels great and gives me this great: "Yes, I am on my way, going to do this and I am part of a supportive community " feeling that I needed!

Um, now that you say it, I realize I feel the same way!



Aw thanks! I also needed this supportive community feeling as we slowly treck along to this goal. Really happy to be a part of it!

Looking forward to seeing your calculations based on this month!! One month of data can still give you a good idea :).

mld

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Re: 2025 Fire Cohort
« Reply #245 on: July 17, 2018, 01:24:00 PM »
Thought I'd also do a quick update of the stash/situation over time as a multiple of expenses:

Feb 2017: 7x (+ Paid off our remaining mortgage woohoo!)
Oct 2017: 8x
July 2018: 10.5x

Goals:
01/2019: 10.6x *Already almost there!*
01/2020: 12.8x
01/2021: 15x
01/2022: 17.3x
01/2023: 19.6x
01/2024: 22.1x
01/2025: 24x


ardrum

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Re: 2025 Fire Cohort
« Reply #246 on: July 18, 2018, 11:06:35 AM »
Thought I'd also do a quick update of the stash/situation over time as a multiple of expenses:

Feb 2017: 7x (+ Paid off our remaining mortgage woohoo!)
Oct 2017: 8x
July 2018: 10.5x

Goals:
01/2019: 10.6x *Already almost there!*
01/2020: 12.8x
01/2021: 15x
01/2022: 17.3x
01/2023: 19.6x
01/2024: 22.1x
01/2025: 24x

Nice! I bet you can almost taste that 12.5x "Half FI" milestone.
That's huge since you'll likely be long past halfway there in terms of time.

I exceeded "Quarter FI" and my end of 2018 goal already. I'm pushing hard though to exceed it as a buffer against the bext recession so that the overall trajectory to 2025 hopefully holds strong.  I'm doubting it will be a linear graph like that, but I'll push hard in both the good and bad times.

oneday

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Re: 2025 Fire Cohort
« Reply #247 on: July 18, 2018, 05:16:17 PM »

Looking forward to seeing your calculations based on this month!! One month of data can still give you a good idea :).

What about 2 weeks...I have 2 weeks! I can totally figure out my FIRE date with this data, right? :)

BZB

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Re: 2025 Fire Cohort
« Reply #248 on: July 25, 2018, 05:47:20 PM »
Working toward hitting FIRE in 2025. Boy howdy, today at work was serious motivation...
Welp, adding to my previous comment on this thread, my team at work was just introduced to boss #6. I've only been there 5 years. I'm so ready to get out of this game but I have a way to go. I'm glad most of my work is self-guided and I'm the expert in my area, so the bosses just nod and smile when I have my update meetings with them.

CupcakeGuru

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Re: 2025 Fire Cohort
« Reply #249 on: July 26, 2018, 05:08:19 AM »
Please add me to this cohort. I will be 53 and DH 57! It could move to 2023 but DH is talking of working part time starting next year. Aiming for Full Fat Fire (FFF) in 2025.