Author Topic: 2026 FIRE Cohort  (Read 20378 times)

mooshie

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Re: 2026 FIRE Cohort
« Reply #50 on: November 03, 2016, 03:06:48 PM »
2026 is looking like a good date for us. Only time will tell. It's possible it could be sooner, and less likely, but still possible it could take a little longer, but we're shooting for 2026 right now. Though we're always trying to move that date closer, so I guess we'll just have to keep saving and working hard and see what happens.

OurTown

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Re: 2026 FIRE Cohort
« Reply #51 on: November 16, 2016, 08:30:25 AM »
I am optimistic that this is still doable for us if we can do the following:

Pay off the mortgage about two years early.  It's currently set to hit zero in 2028.

Get my daughter (about to turn 13!!!!) through college, hopefully graduating in 2026.

Get affordable healthcare until Medicare kicks in.  Who knows what options will be available at that time.

Do some badass savings and pray for decent markets over the next 9-10 years to get the NW up to about 1.25 mil.  That would give us 50K in income until Social Security kicks in.

E Dubya

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Re: 2026 FIRE Cohort
« Reply #52 on: November 21, 2016, 02:27:22 PM »
Hello!  I will join this group and hope I make it until June 30, 2026, as that is when I am eligible for federal retirement.  I would like to retire much sooner, but I am trying to stay in it for the long haul, in order to keep qualifying for health insurance.  It will be difficult, but I only work 33 hours per week, which keeps me relatively sane.  Paid off the house in 2013, and have two children, one of whom will have finished an undergraduate degree by 2026 (I hope), and the other of whom will just be starting undergrad. 

velvethammer

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Re: 2026 FIRE Cohort
« Reply #53 on: November 21, 2016, 05:29:45 PM »
Count me in!  DH (38) and I (37) are planning on pulling the plug in May 2026 after our youngest graduates from high school.  We're on track to pay off our mortgage in mid-2017, and then we'll really speed up the savings.  "Only" 2,025 working days to go.  We're planning to spend our time volunteering and road tripping around the U.S. in early retirement.

DrMoneyTails

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Re: 2026 FIRE Cohort
« Reply #54 on: November 22, 2016, 05:46:51 AM »
posting to follow. 2026 sounds like it is doable. I will be 41, and significant other will be 46.
currently our networth is 40K with 47K in debt. no kids yet and no mortgage, but those will be a few changes that should happen in the next 2 years or so..

OurTown

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Re: 2026 FIRE Cohort
« Reply #55 on: January 05, 2017, 02:51:37 PM »
Okay 26'ers.  It looks like we are at $468k and my goal is a million and a quarter.  That puts me at around 37% of my magic number. 

PseudoStache

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Re: 2026 FIRE Cohort
« Reply #56 on: January 05, 2017, 11:16:07 PM »
Just completed my goals/targets for 2017... and I seem to be on track from a Net Worth perspective.

However we had a large expenditure this year that has resulted in the delay of our mortgage payoff.. which should complete at the end of 2027, and is pretty important to us so we may have to give it OMY.

If we want to make our 2026 FIRE timeline... we may have to "live lean" in 2027.

Happy New Year!

Sailor Sam

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Re: 2026 FIRE Cohort
« Reply #57 on: January 06, 2017, 09:28:59 AM »
Okay 26'ers.  It looks like we are at $468k and my goal is a million and a quarter.  That puts me at around 37% of my magic number.

Great update, OurTown. I'm currently at $370k, with a goal of $750 - 1M. So I'm sitting at 50% of my goal. Woot!

I'm primed to save ~$55k in 2017, and I have a networth goal of $450. We'll have to see how the markets perform.

OurTown

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Re: 2026 FIRE Cohort
« Reply #58 on: January 06, 2017, 09:37:39 AM »
Okay 26'ers.  It looks like we are at $468k and my goal is a million and a quarter.  That puts me at around 37% of my magic number.

Great update, OurTown. I'm currently at $370k, with a goal of $750 - 1M. So I'm sitting at 50% of my goal. Woot!

I'm primed to save ~$55k in 2017, and I have a networth goal of $450. We'll have to see how the markets perform.

Outstanding.  Say, don't you have a journal or something?

Sailor Sam

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Re: 2026 FIRE Cohort
« Reply #59 on: January 06, 2017, 09:43:32 AM »
Okay 26'ers.  It looks like we are at $468k and my goal is a million and a quarter.  That puts me at around 37% of my magic number.

Great update, OurTown. I'm currently at $370k, with a goal of $750 - 1M. So I'm sitting at 50% of my goal. Woot!

I'm primed to save ~$55k in 2017, and I have a networth goal of $450. We'll have to see how the markets perform.

Outstanding.  Say, don't you have a journal or something?

Yup, link in my signature line. That journal is a beast, but (I assume) everyone involved has a good time. Feel free to jump on and catch the tiger by the tail.

thebattlewalrus

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Re: 2026 FIRE Cohort
« Reply #60 on: January 08, 2017, 07:51:56 AM »
Looking over my numbers the last couple days it looks like we will FIRE in 2026. Would have been a year or two sooner but had to drop $70k in some medical stuff which set us back in 2016. 

Rhoon

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Re: 2026 FIRE Cohort
« Reply #61 on: February 04, 2017, 08:28:54 AM »
I'm targeting 2026 as well. Currently on course to be completely debt free (except the mortgage) in 5 years. Combined assets (pre downturn) were around $110K; probably took a $10K hit in the dip(trying not to look). Currently stashing away roughly 45% of my Net per year; in 5 years when everything is paid off (student loans, truck, solar panels -- no electric bill!), it'll be closer to 65%.

At that point we will determine whether I want to stash away for another year or two to try and pay off the house to rent it out or whether I sell it and move the family aboard a live-aboard boat (thinking either 38' Cat or 42' mono). My son's college education will also be covered by this time.

Last year was a wild ride on the financial front and I had slipped into the 2027 cohort for about 6 months. But with a strong finish at my job's year end in 2016, I was able to front load and max all my tax deferred savings already this year in 2017. With the projected growth (and current stock market returns), I'm back into a 2026 retirement cohort.

Now back to eliminating as much debt as possible.

PepperPotts

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Re: 2026 FIRE Cohort
« Reply #62 on: February 04, 2017, 04:56:17 PM »
I'm thinking 2026-2028 would be an ideal time to retire.  We'd be 53-55 an should have adequate savings for a 4% SWR. Our daughter will graduate college in 2028 and son will be 2 yrs post-grad at that point.  Sounds good, we're in!

babybug

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Re: 2026 FIRE Cohort
« Reply #63 on: February 04, 2017, 05:37:44 PM »
I'm in! I'll be 50 in 2026 and my son will be graduating college, my daughter will be a sophomore. 

I hope to go very part time then because I still like my work. My goal is $1.2m, I'm at $150k excluding paid off rental townhome (180k). I live in a rental which I might change but works fine right now.

Best luck everyone!

Sent from my Nexus 5 using Tapatalk


LinneaH

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Re: 2026 FIRE Cohort
« Reply #64 on: March 25, 2017, 04:19:15 AM »
Can I join?
Our plans are early December 2026, just before I turn 55. DH will be 56. Originally we said early 2027, but I'd rather have a relaxing long holiday break that has no ending...

So giving notice in 9.5 years. (Living in Sweden where 3 months is the norm if you been employed for more than a year). A lot can of course happen, we have two young kids (6&4) and currently on a somewhat rough period jobwise.

I'd say we have more downside than upside opportunities but I still hope to somehow get ahead of our schedule. Will come back with target and where we are in %.

kaadalac

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Re: 2026 FIRE Cohort
« Reply #65 on: March 28, 2017, 02:03:35 PM »
Joining for an end of 2026 retirement on my 43rd birthday.

We have a total NW of 334k:
 104k in retirement accounts
 200k in home equity

Aiming for a total NW of 1.5m with 1m in stocks/bonds, .5m in home equity. 

MayDay

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Re: 2026 FIRE Cohort
« Reply #66 on: March 28, 2017, 08:50:02 PM »
This is about what we are targeting.

DS is class of 2026. DD class of 2028.

Currently 525k, aiming for around 1.5 million including college funding (could cash flow it if we are still working).

100% depends on the state of health insurance though. We'll be 44 and 52 in 10 years.

tomorrowsomewherenew

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Re: 2026 FIRE Cohort
« Reply #67 on: April 19, 2017, 10:03:04 AM »
We're still on track for December 2026. Right now, we're just a tad over 400k. I hope to have more than $1,700,000 by the time we retire. This is partially dependent on whether my husband is able to maintain his VA disability pay. If he is re-evaluated and the amount were to drop, then we would have to look at things again.

The situation with the ACA is somewhat concerning. We have the ability to purchase retiree coverage through my husband's work but that would be very pricey--over $20,000 per year. I hope it does not come to that.

Sailor Sam

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Re: 2026 FIRE Cohort
« Reply #68 on: April 19, 2017, 10:23:05 AM »
I'm currently at $370k, with a goal of $750 - 1M. So I'm sitting at 50% of my goal. Woot!

I'm primed to save ~$55k in 2017, and I have a networth goal of $450. We'll have to see how the markets perform.

Wrapping up Q1 for 2017. Networth was $405,407.56 on 1-Apr. I've saved ~$25k YTD. Hopefully the trend will continue, and I'll smoke that goal of $55k saved.

Currently at 54% of my lower bound, and 40% of my upper bound. I think 2017 will be marked as the first time I actually started to believe early retirement, as in retiring before my govt pension kicks in, might truly be a feasible thing. At this rate of accumulation I'm 3.5 years from my lower bound, and 6 away from the upper bound. 

It's an interesting emotional journey, flopping from believing I'd retire in 10 years, to understanding I really could retire in 3. It involves a lot of fluttery tummy. Can't tell if it's excitement, or fear. Suddenly all those posts about social stigma and family reactions, the once I used to brush off as something that would never happen to me...well, now I'm feeling it. Currently still planning to stick the whole decade, because the US healthcare system is so uncertain, and my pension includes a lifetime of low coast healthcare. Still, the emotions, they gyrate.

tomorrowsomewherenew

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Re: 2026 FIRE Cohort
« Reply #69 on: April 28, 2017, 05:31:48 AM »
Due to my husband's VA pay, and unused GI bill (housing allowance), we are showing around a 25-30% of FIRE success in 3 years. I don't think that's quite a high enough chance, so we'll keep at it a bit longer. Haha

tomorrowsomewherenew

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Re: 2026 FIRE Cohort
« Reply #70 on: June 09, 2017, 07:04:31 AM »
Time for some updates! We had record gains in the last few weeks, and I'm guessing most of you did as well. Our current net worth is around $438k. We should get to $500k in the first half of 2018 unless something wild happens with the stock market. Everything is still on track for retirement no later than the end of 2026!

ABK

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Re: 2026 FIRE Cohort
« Reply #71 on: July 04, 2017, 05:19:19 PM »
Yep, we are also just over $400K and still on target. We're expecting to have somewhere between $900K and $1.1M when we FIRE in 2026, and both SS's and my pension will kick in between 5 and 11 after that. It was exciting to see the odometer flip to $400K last month.

Sailor Sam

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Re: 2026 FIRE Cohort
« Reply #72 on: July 04, 2017, 07:11:18 PM »
I'm currently at $370k, with a goal of $750 - 1M. So I'm sitting at 50% of my goal. Woot!

I'm primed to save ~$55k in 2017, and I have a networth goal of $450. We'll have to see how the markets perform.

Wrapping up Q1 for 2017. Networth was $405,407.56 on 1-Apr. I've saved ~$25k $19k (bad math first time around) YTD. Hopefully the trend will continue, and I'll smoke that goal of $55k saved.

Currently at 54% of my lower bound, and 40% of my upper bound. I think 2017 will be marked as the first time I actually started to believe early retirement, as in retiring before my govt pension kicks in, might truly be a feasible thing. At this rate of accumulation I'm 3.5 years from my lower bound, and 6 away from the upper bound. 

Update to close Q2 of 2017.

1. Net worth is $433,670 on 3-July

2. Clocking in at 57% of the lower bound, and 43% of the upper bound.

3. I've saved ~38k YTD. The rate has slowed in Q2, because of some professional expenses, and because Q1 contains the tax refund. If Q1 shows my responsibility when faced with a 'windfall', then Q2 is a testament to my ability to keep my nose to the grindstone. I don't foresee any difficulty reaching my $55k savings goal.

4. I'm continuing to eyeball quitting my current job in Jan of 2020, but interest waxes and wanes. Right now I'm coming off the high of a really great long weekend with a FIRE'd friend, and struggling with a boring job. So interest is high. But I'm switching positions in 2018, which might drive interest back down again. We'll see. The quote "Man proposes, but God disposes," has a lot of applicability when dealing with long timelines.

tomorrowsomewherenew

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Re: 2026 FIRE Cohort
« Reply #73 on: July 11, 2017, 12:03:31 PM »
Our net worth increased to $444,000.

This morning I was feeling really ready to be done with the either of us having to work. We want our freedom, already! But, we will have to keep plugging along for a while.

We are not expecting large financial changes anytime soon, so things are a bit dull. Our car will be paid off in Sept or Oct of next year, but the payment is only $350. It's not going to change things much. Right now, I'm waiting for deposits/good days in the stock market to take us over $450k and then on to $500k. I've got a bottle of champagne (from Aldi) in the fridge for the $500k occasion. We live a luxurious life.

The Viking

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Re: 2026 FIRE Cohort
« Reply #74 on: September 26, 2017, 02:21:24 PM »
After some thinking and advanced guessing Iīve come to the conclusion that THIS will be the year! By the end of November I will retire, avoiding another fun, but also rather tiring Christmas in retail and instead freeing up room for time with family and friends. I will be 46 years and a few months by then.

Iīm currently at 4 1/2years saved up, so only another 20 1/2years to save up for left. To help keep myself motivated I only countdown the days that I am at work, leaving only 2165 working days until 30th of November 2026!
Counting days off och days during vacation just seems crazy since I want ALL my days to be off from work. At least the kind of work someone else tells me to do.

Good luck and happy saving to all of you, special "Hej" (hello) to LinneaH for having pretty much the exact same date and also for being a swede!

Sailor Sam

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Re: 2026 FIRE Cohort
« Reply #75 on: October 01, 2017, 12:46:17 AM »
I'm currently at $370k, with a goal of $750 - 1M. So I'm sitting at 50% of my goal. Woot!

I'm primed to save ~$55k in 2017, and I have a networth goal of $450. We'll have to see how the markets perform.

Wrapping up Q1 for 2017. Networth was $405,407.56 on 1-Apr. I've saved ~$25k $19k (bad math first time around) YTD. Hopefully the trend will continue, and I'll smoke that goal of $55k saved.

Currently at 54% of my lower bound, and 40% of my upper bound. I think 2017 will be marked as the first time I actually started to believe early retirement, as in retiring before my govt pension kicks in, might truly be a feasible thing. At this rate of accumulation I'm 3.5 years from my lower bound, and 6 away from the upper bound. 

Update to close Q2 of 2017.

1. Net worth is $433,670 on 3-July

2. Clocking in at 57% of the lower bound, and 43% of the upper bound.

3. I've saved ~38k YTD. The rate has slowed in Q2, because of some professional expenses, and because Q1 contains the tax refund. If Q1 shows my responsibility when faced with a 'windfall', then Q2 is a testament to my ability to keep my nose to the grindstone. I don't foresee any difficulty reaching my $55k savings goal.

4. I'm continuing to eyeball quitting my current job in Jan of 2020, but interest waxes and wanes. Right now I'm coming off the high of a really great long weekend with a FIRE'd friend, and struggling with a boring job. So interest is high. But I'm switching positions in 2018, which might drive interest back down again. We'll see. The quote "Man proposes, but God disposes," has a lot of applicability when dealing with long timelines.

Q3 roundup:

1. Networth is $466,531 on 1-Oct.

2. 62% of lower bound, and 46% of upper bound.

3. Saved 47k YTD.

4. I've developed some health stuff that has a slight possibility of forcing me out of my job. It will be a large bummer to lose out on the gold plated pension, but I've always saved like the pension didn't exist. Pretty happy with my past self right now.

Supernumerary

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Re: 2026 FIRE Cohort
« Reply #76 on: October 01, 2017, 04:29:35 AM »
After some thinking and advanced guessing Iīve come to the conclusion that THIS will be the year! By the end of November I will retire, avoiding another fun, but also rather tiring Christmas in retail and instead freeing up room for time with family and friends. I will be 46 years and a few months by then.

Iīm currently at 4 1/2years saved up, so only another 20 1/2years to save up for left. To help keep myself motivated I only countdown the days that I am at work, leaving only 2165 working days until 30th of November 2026!
Counting days off och days during vacation just seems crazy since I want ALL my days to be off from work. At least the kind of work someone else tells me to do.

Good luck and happy saving to all of you, special "Hej" (hello) to LinneaH for having pretty much the exact same date and also for being a swede!

Hej from another Swede! That makes us three in here.

ISK all the way? How do you deal with the 950 000 SEK guarantees?


The Viking

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Re: 2026 FIRE Cohort
« Reply #77 on: October 07, 2017, 02:31:42 PM »


Hej from another Swede! That makes us three in here.

ISK all the way? How do you deal with the 950 000 SEK guarantees?


[/quote]

Look, another! Seems so far that 2026 will be the "FIRE year of the Swedes"!
I donīt worry about any guarantees because I "give yourself the gift of not worrying". IF everything would fail and all our monetary gains would be in vain we will find another way to reach our goals. Donīt worry. Be happy.

tomorrowsomewherenew

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Re: 2026 FIRE Cohort
« Reply #78 on: October 17, 2017, 09:24:13 AM »
At the beginning of this year, I didn't think we could possibly hit 500k by the end of the year. Now, after several exceptionally good weeks with the stock market, we are less than $15k away. Our net worth is just over $485,000 right now.

Apple_Tango

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Re: 2026 FIRE Cohort
« Reply #79 on: November 01, 2017, 05:55:25 PM »
I've picked my graduation year!! I'll be 35 years old in 2026 and it seems like a good age to retire :) I graduated in 2015, paid off my student loans in less than 6 months after graduation. But in 2016 (before I found MMM) I went from being 100% debt free to having major debt due to taking a family member up on an offer for a personal loan. I wish I had not done that now, but it is what it is. I was just introduced to MMM this summer, and it has lit a fire under my ass to get rid of the debt.

 $45k on a truck loan at 1.7% interest
 $137.5k on a personal loan to a family member at 0% interest
That's a grand total of...$182,500 accumulated debt. ouch.

My family member does not need me to pay back the cash right away so she keeps encouraging me to punt it down the road and just focus on my personal saving and investing now. But the debt is GNAWING at my bones. Knowing that she can ask for me to make extra payments at any time, or that she kind of still controls me through these loans is just such a bummer. Especially because she cannot comprehend FIRE and doesn't really support it, and I can't ethically FIRE until I have paid her back in full. Plus I would rather her have the money so I know she'll be taken care of if she falls ill as she ages. My plan is just to hand her extra checks whether she likes it or not. I figure that once I'm debt free I can really just POUND the money into my accounts and still meet all my goals. 

From June 2015 (my first real career job) through June 2017 I didn't really have a plan or a budget, but I thought I was "good" at money because I always had money left over at the end of the month. Whatever extra I had was just dumped  into Vanguard investments, which I've been doing since i was 18, or toward paying off my truck loan. But now I have a budget and some MAJOR goals to use my income to get back on track.

I currently have a negative net worth but I have paid off $31,644 towards my debt since September 2016 and am hoping to have a positive net worth again by March 2018. While paying off debt I have also been maxing out my IRAs and working toward maxing out my 401k, however this year was the first time I have ever been eligible for one so I'm not quite there yet.

I'm single with no kids (I believe the term here is SINK?) so the plan is to do it all with one income! And if a second income comes to join me along the way in the next 9 years or so, it will just be gravy :) 

My monetary goals by 2026:
1) Own a home outright (I'm thinking around $250,000 would be reasonable).
2) Have $750,000 in my liquid accounts
3) Be 100% debt free and never take out a car loan or a personal loan ever again. The only loan I want to consider is a mortgage for investment properties, however I would much prefer to pay cash.
4) Have a side business to provide extra income and a hobby in preparation for FIRE. It is actually a dream of mine for my business to take off in the next 3-4 years and surpass my corporate income so I could quit my current job even before I FIRE.

After that point, I believe I will still work but maybe only part time and maybe in a totally different field than the one i'm in now. Who knows :) I want to travel in my RV, and travel internationally, and develop a good home base community with lots of friends around. I have grown up with both my of parents as loners and they hardly have any friends..and I don't want to emulate that behavior. I want a life rich as defined by experiences :) It's less about the money itself, and more about the freedom that FIRE will give me.

« Last Edit: December 28, 2017, 09:10:09 PM by Apple_Tango »

tomorrowsomewherenew

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Re: 2026 FIRE Cohort
« Reply #80 on: November 25, 2017, 08:42:00 AM »
We hit a new milestone yesterday. With my husband's paycheck hitting our checking account, our net worth is over $500,000. Woohoo! Over 90% of this is investments, not home equity. We'll see how long it takes for us to get to $600,000. I'm estimating early 2019. It all depends on what the stock market has in store for us.

ABK

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Re: 2026 FIRE Cohort
« Reply #81 on: December 27, 2017, 11:02:34 PM »
Quick hello, and to say that our stash hit $450K just days before the end of the year!

Sailor Sam

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Re: 2026 FIRE Cohort
« Reply #82 on: January 01, 2018, 01:30:49 PM »
I'm currently at $370k, with a goal of $750 - 1M. So I'm sitting at 50% of my goal. Woot!

Wrapping up Q1 for 2017. Networth was $405,407.56 on 1-Apr. I've saved ~$25k $19k (bad math first time around) YTD. Hopefully the trend will continue, and I'll smoke that goal of $55k saved. Currently at 54% of my lower bound, and 40% of my upper bound

Update to close Q2 of 2017.

1. Net worth is $433,670 on 3-July

2. Clocking in at 57% of the lower bound, and 43% of the upper bound.

Q3 roundup:

1. Networth is $466,531 on 1-Oct.

2. 62% of lower bound, and 46% of upper bound.

End of Q4, and the end of 2017.

1. Networth i $496,452

2. 66% of 750k, and 49% of 1m.


The market have been kind to everyone!

Sweet_Flips

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Re: 2026 FIRE Cohort
« Reply #83 on: January 02, 2018, 09:08:06 AM »
I'm joining the cohort! Think I can make FI (or pretty darn close) by 2026. I'll be in my early 40s.

tomorrowsomewherenew

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Re: 2026 FIRE Cohort
« Reply #84 on: January 02, 2018, 10:41:25 AM »
We're up to $517,000 now. This stock market is insane. I'm about $60,000 higher than what I projected 2 years ago.

2026 is our worst case scenario date. Hopefully we'll be out by 2024 or 2025, but it's too early to tell.

GoingToMaine

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Re: 2026 FIRE Cohort
« Reply #85 on: January 02, 2018, 11:33:32 AM »
I'm looking at 2026/2027.  I'll likely be FI before then, but probably won't leave the workforce until the kiddo graduates.

kaadalac

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Re: 2026 FIRE Cohort
« Reply #86 on: January 02, 2018, 12:35:39 PM »
Going to start an annual End of Year Update from my Mint profile. 

Overall gained about 80k Net Worth last year between home appreciate and investment accounts. Not bad for having our second baby!


tomorrowsomewherenew

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Re: 2026 FIRE Cohort
« Reply #87 on: January 15, 2018, 07:37:13 AM »
We're up to $536,000 now, almost entirely due to stock market gains. We're currently 1 year ahead of schedule. I'm sure the stock market will wipe a lot of our gains out at some point in the next several years, so we'll see how we hold up as we move closer to our target, and our date.

never give up

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Re: 2026 FIRE Cohort
« Reply #88 on: January 20, 2018, 02:22:54 PM »
Hello 2026ís. I havenít really had a FIRE date. Thereís so many variables involved and things that can go wrong with long term goals. I havenít wanted to set a year in case mentally I started to believe that, and then life gets in the way and pushes the date out. I would find this a little crushing. However I ought to have some sort of target and I think 2026 is as good as any.

Iím 40 now, UK, have been naturally cautious and was a mortgage overpayer for years. I only found this site in October 2017. I was naturally frugal anyway but this site has helped me feel confident enough to invest. So Iíve messed up on the compounding front here, but nevertheless Iím very determined to FIRE in my 40ís.

Will look forward to encouraging those in here and celebrating milestones along the way.

tomorrowsomewherenew

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Re: 2026 FIRE Cohort
« Reply #89 on: January 26, 2018, 03:59:31 PM »
After another insane day on the stock market, we're now over 550,000. That's a $50,000 increase in 2 months. Our actual contributions were probably around $5,000 during that period. Maybe not even that much. I gotta admit this stock market seems very bubbly and has me a bit worried, but I'm not going to do anything crazy!

LinneaH

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Re: 2026 FIRE Cohort
« Reply #90 on: January 29, 2018, 07:42:30 AM »
We are still in the game for Dec 2026, although I hope we can make an early exit when we come closer. Currently in the accumulation phase, trying to increase savings %, and not really clear on exactly what we will need or how far we have come. I mean, I know very well how much money we have, but we don't know the needed end target.

Our kids are just starting school and we don't know how much they will cost us in the future. They have been cheap so far, but now I see costs are coming for some things (such as more food, shortage of second hand clothes). We have very low-cost daycare/after school care in Sweden so ending that will not be as big a relief as in some other countries (we pay less than $150/month for two kids full time daycare, and that is standard).

We are still renovating the house, but much less costs going forward. Which is good as we are out of designated renovation money.



@The Viking & @Supernumerary, hej! Hope you are doing well. Do you know if there is a specific Swedish topic somewhere? Iíd love to chat about pension stuff and other things.

FreshPrincess

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Re: 2026 FIRE Cohort
« Reply #91 on: March 15, 2018, 11:44:14 AM »
I'm going to place us here.  Conservatively, we are looking at 2028... but I've never liked being conservative on things that feel completely in my control.  I can control this.  Aside from a sudden job loss or huge unexpected expense, there's no reason I can't cut back here and there and make better choices to shave off 2 years.

2026 it is.  My DH and I will be 43.

Indexer

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Re: 2026 FIRE Cohort
« Reply #92 on: March 16, 2018, 04:53:07 AM »
Hello 2026ís. I havenít really had a FIRE date. Thereís so many variables involved and things that can go wrong with long term goals. I havenít wanted to set a year in case mentally I started to believe that, and then life gets in the way and pushes the date out. I would find this a little crushing. However I ought to have some sort of target and I think 2026 is as good as any.

This says what I want to say perfectly. Aiming for FIRE 2026, but there are a lot of variables.

My calculator currently says March, 2027, but if I save at least $5k/yr more it drops into mid 2026. I will probably save $5-10k more in 2018 than 2017, and if trends continue I'll be saving even more in 2019.

However, markets are fickle, and no one knows if our assumed rates of return are realistic. I'm using a 4% real rate of return for my calculations. If that's 6% instead I'll be in the FIRE 2025 group. If it's 2% I'm looking at FIRE late 2027.

Supernumerary

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Re: 2026 FIRE Cohort
« Reply #93 on: April 04, 2018, 07:03:27 AM »
@The Viking & @Supernumerary, hej! Hope you are doing well. Do you know if there is a specific Swedish topic somewhere? Iíd love to chat about pension stuff and other things.

Don't know of any such topic. Is there any specific part of it you are interested in discussing?

Out basic strategy is:
  • Choosing low cost index funds for our occupational pension (tjšnstepension)
  • No private pension (our investments cover this)
  • ISK as much as possible

If there are benefits of the private pensions, e.g. for tax reasons, I'd love to hear about it.

Sailor Sam

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Re: 2026 FIRE Cohort
« Reply #94 on: April 20, 2018, 01:38:14 PM »
1. Opening net worth of $370k

2. 50% of my $750k lower bound, 37% of the $1M upper bound

Wrapping up Q1 for 2017.

1. $405,407.56 on 1-Apr

2. 54% of my $750k lower bound, and 40% of $1M upper bound

Update to close Q2 of 2017.

1. Net worth is $433,670 on 3-July

2. 57% of $750k lower bound, and 43% of $1M upper bound.

Q3 roundup:

1. Networth is $466,531 on 1-Oct.

2. 62% of $750k, and 46% of $1M.

End of Q4, and the end of 2017.

1. Networth is $496,452

2. 66% of 750k, and 49% of 1m.

End of Q1 for 2018

1. Networth is $528,029 on 20-Apr

2. That's 70% of $750k, and 53% of $1M.

The idea of not working at my current job is pretty attractive today, but I think it's a temporary attack of the snits.

clarkfan1979

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Re: 2026 FIRE Cohort
« Reply #95 on: April 23, 2018, 03:06:51 AM »
Feeling much better about 2026 after reading posts from other people. Thank you posters.

I am 38 and wife is 33. Over the last 6.5 years our net worth increased from about zero to 505K. Our current net worth is (240K of rental house equity, 165K cash, and 100K of retirement accounts).

We are buying a primary home with sweat equity and close in June. I am hoping to add 60K of sweat equity to our net worth over the next 6-12 months.

My goal for FIRE is 1.2 million and no debt. I tried to suggest in another post that we would get to 1 million by 2025 and 95% of the people on MMM shot me down. The consensus was that I had too much real estate and there are no more real estate deals left.

My wife worked full-time for the first 3.5 years. However, she has worked part-time for the past 3 years. We could probably get to FIRE quicker if she worked full-time, but that wouldn't be as much fun.




salt cured

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Re: 2026 FIRE Cohort
« Reply #96 on: May 01, 2018, 01:16:37 PM »
Posting to join the fun. We are mid-30s DINKs with $540k in equities and another $60k in home equity that we plan to cash out after FIRE. I still have no clear idea of what FIRE looks like, but we've been kicking around a move from the US to Canada, possibly starting a family, and definitely some slow travel. I'd like to be able to support USD $80k of expenses, though Ottawa and Montreal (the two cities on my radar) may actually have a lower cost-of-living than our current small city. I also go back and forth on whether to work full-time until FI or to exit for a part-time gig and coast across the finish line. These questions call for deeper introspection than I'm used to.

never give up

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Re: 2026 FIRE Cohort
« Reply #97 on: May 19, 2018, 06:22:24 AM »
Well early retirees certainly need some good fortune with timing especially when it comes to the markets. Iím not talking market timing here in the sense of when to buy and sell I mean luck around the timing of what the markets are doing relative to ones FIRE date. For example 2009/2010 would have been an excellent time to hit a FIRE target.

Although I obviously canít predict what will happen, part of me is a bit worried the markets will continue up with some sideways spells for the next few years and then have a fall around our date 2026. Natural caution and pessimism shining through here.

I almost feel for our 2026 date I would rather the markets had a fall now while I am heavily committed to accumulation. An 18 month slide followed by 3 or years of sideways movement and then rising markets would be great for us.

I think if I was one of the 2018-2021 cohorts I would be really quite concerned about sequencing risk. Itís all completely out of our hands of course and Iím just continuing to invest on autopilot every month, but I do wonder where the year 2026 will fall in the good/bad year to FIRE league table. Anyone else think about this?

aneel

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Re: 2026 FIRE Cohort
« Reply #98 on: May 19, 2018, 11:29:19 AM »
Hello all! Hoping to reach our number by 2026, and start downshifting until ~4 years later when 1st kid is out of school.

Sailor Sam

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Re: 2026 FIRE Cohort
« Reply #99 on: July 09, 2018, 03:16:52 PM »
1. Opening net worth of $370k

2. 50% of my $750k lower bound, 37% of the $1M upper bound


Wrapping up Q1 for 2017.

1. $405,407.56 on 1-Apr

2. 54% of my $750k lower bound, and 40% of $1M upper bound


Update to close Q2 of 2017.

1. Net worth is $433,670 on 3-July

2. 57% of $750k lower bound, and 43% of $1M upper bound.


Q3 roundup:

1. Networth is $466,531 on 1-Oct.

2. 62% of $750k, and 46% of $1M.


End of Q4, and the end of 2017.

1. Networth is $496,452

2. 66% of 750k, and 49% of 1m.


End of Q1 for 2018

1. Networth is $528,029 on 20-Apr

2. That's 70% of $750k, and 53% of $1M.

End of Q2 for 2018

1. Net worth is $546,907

2. That's 73% of $750k, and 55% of $1M

Work is busy, busy, and my greenback soldiers are busy, busy.  Not much else to report. Between the dream and the deed like the doldrums, eh?