Author Topic: 2029 FIRE Cohort  (Read 62352 times)

BuffaloStache

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Re: 2029 FIRE Cohort
« Reply #350 on: April 13, 2020, 07:10:52 AM »
I thought 2029 was conservative for me, but  looking at the numbers now it may have to slip a year or 2, depending on how bad this slump really is/what sort of recovery we can begin to see this year, if any. We'll have to see.

I will continue looking at the situation with optimism: even if it takes me until 2035, I'll be retirement-ready well before most and before my oldest kid is ready for college, so I consider that a win.

DeskJockey2028

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Re: 2029 FIRE Cohort
« Reply #351 on: April 13, 2020, 07:14:26 AM »
I'm not entirely sure what this downturn will to do my dates. Looking at the best guesses, it may push me back into 2029 by a month or three. Who knows what'll actually happen though, the world hasn't really been through this kind of thing in modern times.

One thing I can say for sure is we're a hell of a lot better going into this type of event than we ever have been! I've got a nice E-fund that'll last us anywhere from 10 months to 1.5 years, depending on if one or both of us have to file for unemployment. So far both of our jobs are secure, thankfully. If for nothing else than that, I'm so glad I've found this movement!

talltexan

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Re: 2029 FIRE Cohort
« Reply #352 on: April 15, 2020, 02:45:52 PM »
We finally closed on the sale of our house at the beginning of the month. It's nice to be able to put all that money to work.

DeskJockey2028

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Re: 2029 FIRE Cohort
« Reply #353 on: April 17, 2020, 08:39:35 AM »
We finally closed on the sale of our house at the beginning of the month. It's nice to be able to put all that money to work.

Nice! Congrats!

talltexan

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Re: 2029 FIRE Cohort
« Reply #354 on: April 22, 2020, 11:24:55 AM »
...but we also had someone try to file a tax return with our Tax Payer ID#, so that's going to delay the refund. WE have enough cushion that it's not a catastrophe, but it's frustrating to have to wait so long and also deal with the drama.

DeskJockey2028

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Re: 2029 FIRE Cohort
« Reply #355 on: April 22, 2020, 11:27:21 AM »
Well, I was just stimulated.

So there's that.

BuffaloStache

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Re: 2029 FIRE Cohort
« Reply #356 on: April 23, 2020, 07:31:04 PM »
Ditto- Stimulated! I used some of that $$ to buy stocks on sale, some to donate to local charities, and some to get take-out food to help local restaurants.

mizzourah2006

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Re: 2029 FIRE Cohort
« Reply #357 on: May 01, 2020, 03:19:02 PM »
Back to within 2.2% of where my investments/stache was at my end of month all time high, which was end of Jan. Creeping back up.

FI4good

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Re: 2029 FIRE Cohort
« Reply #358 on: May 05, 2020, 09:53:10 AM »
Hey all ,
Hope youíre keeping safe & well.
Had some heavy overtime going on so managed to pump an exta £1500 into company stock purchase plan and also one of my pensions.
This pension firm are pretty quick between receiving the cash & investing it (within 24hrs) .. not that people here time the market but a month later that dollop of cash has done quite well.

Seem to have had a hiatus in net worth, standing still despite me saving away, although iím at 50% + savings rate each month is around 0.5% of the overall stash, so i guess thatís how it goes eventually ..

keep on , keep on ,

BuffaloStache

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Re: 2029 FIRE Cohort
« Reply #359 on: May 13, 2020, 08:10:06 PM »
^ Keep up the good work, FI4good!

Back to within 2.2% of where my investments/stache was at my end of month all time high, which was end of Jan. Creeping back up.

Mine are basically back to there as well, but it doesn't account for the money I contributed to my investments/stache during this time.

I've also used this pandemic to refinance my mortgage (both rental property and primary residence now well below 4%!), and am currently looking for better Car/Home insurance rates.

talltexan

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Re: 2029 FIRE Cohort
« Reply #360 on: May 18, 2020, 06:19:35 AM »
We've been making decisions for protection from the virus rather than for financial reasons for the last nine weeks.

Fortunately, that meant leaving investments alone. Can't explain why they're recovering like they are.

henramdrea

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Re: 2029 FIRE Cohort
« Reply #361 on: May 18, 2020, 09:42:50 PM »
Well guys and gals, I have to be honest....I haven't even looked at my investments since this whole thing went to shit.  I've continued my 401K contributions at the same level, may up them some more if I can afford it.
When should I peek?  I'm afraid of what I'll find.  Hope it doesn't mean TMY (two more years or 2031).  I work in healthcare and the shit's real here.  I'd like to live long enough to be able to retire.  Hope we can get a handle on this virus soon.  Some scary stuff out there folks, stay well!
H.

talltexan

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Re: 2029 FIRE Cohort
« Reply #362 on: May 19, 2020, 02:20:31 PM »
I logged in week before last to rebalance (it had been 3 months since I rebalanced on my birthday).

Everything was about at my target allocations. I wound up not doing anything, because it would have just been maybe $500 moving here or there.

henramdrea

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Re: 2029 FIRE Cohort
« Reply #363 on: May 25, 2020, 07:37:42 PM »
I logged in week before last to rebalance (it had been 3 months since I rebalanced on my birthday).

Everything was about at my target allocations. I wound up not doing anything, because it would have just been maybe $500 moving here or there.

Looks like you're still in pretty good shape.  I'm off about 10% of the high point of the year (January/Feb), so doing better than the broader market for once.
Funny thing, my net worth increased overall though due to property values improving overall.

Anyway, stay safe, stay positive and I think we'll all still meet our targets!

BuffaloStache

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Re: 2029 FIRE Cohort
« Reply #364 on: June 10, 2020, 12:32:33 PM »
...
Funny thing, my net worth increased overall though due to property values improving overall.

Anyway, stay safe, stay positive and I think we'll all still meet our targets!

This is happening to me too. I bought my primary residence home last year (and kept the condo I was living in & turned it into a rental), and was scared that I was missing out on a lot of market gains by putting all of that money into a down-payment. Turns out it was likely one of the better times to buy. Remember everyone, Outrageous Optimism is a powerful tool, and extremely useful in times like these. 

BuffaloStache

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Re: 2029 FIRE Cohort
« Reply #365 on: June 11, 2020, 01:28:54 PM »
It's been a while since we checked in on "Coast Age", so I thought I'd check in on the "Coast Age" that @DeskJockey2028  mentioned of my fellow '29ers:

Coasting

I cribbed this from my journal but thought it'd be interesting to see other '29ers numbers.

Have you figured out your coast age? It's a neat little number that designates at what age you could retire if you put $0.00 into your funds from here on out, and assume a specific, average rate of return over the course of your investing life. The formula goes like this: "=LN((1+7%)^A*B/C)/ln((1+7%))" and I totally stole that from some reddit thread a while back.

A is my age. B is my goal invested dollars (I use current expenses*25). C is my investment portfolio value and 7% is the expected return of my portfolio. I've been tracking this once a month for over a year, making a few adjustments here and there. This is what it looks like for the past 11 months. It's the age at which I could coast into retirement followed by the date I tracked it.

67.79 as of 8/27/17
67.25 as of 9/26/17
66.33 as of 11/27/17
65.86 as of 12/21/17
65.14 as of 1/22/18
65.45 as of 4/5/18
64.70 as of 5/22/18
64.44 as of 6/27/18
64.87 as of 7/26/18

....

My current Coast Age is sitting at 58.24, and that includes extra money needed to buy 2 (used) cars before I hit FI.
It's been as low as 58.07 in the past (pre-house buy and not accounting for that), and as high as 64.50 (right before I bought my house, last year). But it's been consistently trending in the right direction for the past ~12 months, so I'm happy about that.
« Last Edit: June 11, 2020, 04:30:19 PM by BuffaloStache »

DeskJockey2028

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Re: 2029 FIRE Cohort
« Reply #366 on: June 12, 2020, 12:48:46 PM »
I'm at age 62.46 right now if I just... gave up and coasted. Which I won't.

HeadedWest2029

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Re: 2029 FIRE Cohort
« Reply #367 on: July 14, 2020, 11:24:29 AM »
Down to 3,093 days until 1/1/2029.  There were 4,312 days left when this thread started.  My 'stash has mostly recovered, much to my surprise.  I'm glad I have a set asset allocation range (so a little wiggle room), otherwise I would have been way too bearish and missed this recovery.  I even swapped bonds for stocks around the bottom.  It's hard to find optimism with how expensive stocks and bonds are right now, but I just keep plugging away.  Keep at it 2029ers.

DeskJockey2028

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Re: 2029 FIRE Cohort
« Reply #368 on: July 14, 2020, 11:30:08 AM »
It's crazy how much time has gone by. It doesn't feel like some 1200 days! Wow!

My stash has recovered and I'm actually up about 1.5% since early January of this year, perhaps a bit more, I haven't checked in a few weeks. Also crazy.

But then, we're in a kinda crazy world at the moment.

BuffaloStache

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Re: 2029 FIRE Cohort
« Reply #369 on: July 15, 2020, 03:46:42 PM »
^Agree with all the above. Nothing to it but to keep on keepin' on...


I'd be shocked if we can make it to the end of the year without another big dip, but we'll have to see how things go. Hang in there fellow '29ers!

talltexan

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Re: 2029 FIRE Cohort
« Reply #370 on: July 16, 2020, 05:56:33 AM »
I decided not to enter our new house/mortgage into mint.com, so there's some continuity lost there with tracking against my old numbers.

But taxable investments appear to have recovered.

rockstache

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Re: 2029 FIRE Cohort
« Reply #371 on: July 16, 2020, 06:35:56 AM »

But taxable investments appear to have recovered.
Congrats, ours have too. Including the contributions weíve made all along, weíre at a record high. I donít trust it, but itís fun to see and puts us at 40% of our FIRE goal.

caracarn

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Re: 2029 FIRE Cohort
« Reply #372 on: July 20, 2020, 01:21:17 PM »
^Agree with all the above. Nothing to it but to keep on keepin' on...


I'd be shocked if we can make it to the end of the year without another big dip, but we'll have to see how things go. Hang in there fellow '29ers!

Added $5K into my investments Friday.  Just sticking with the plan.

BuffaloStache

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Re: 2029 FIRE Cohort
« Reply #373 on: July 20, 2020, 01:54:23 PM »
...
Added $5K into my investments Friday.  Just sticking with the plan.

Yup, that's what you have to do. Trying to time the market is a losing game.

talltexan

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Re: 2029 FIRE Cohort
« Reply #374 on: August 06, 2020, 08:53:53 AM »
Quarantine has dramatically reduced our spending on transportation and childcare. I should log in and increase the % of 401K contributions, but with the market so high...at least the default is some nice, generous contributions.

caracarn

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Re: 2029 FIRE Cohort
« Reply #375 on: August 10, 2020, 08:42:52 AM »
I have been thinking a lot about the economic climate as I see the same thing in the US everyone does.  Market doing well while local businesses struggle to stay afloat as lack of any national leadership continues to bode poorly......yet we slog along.

I am beginning to think more and more that markets (US and world) have started to build in a scenario where we understand what is likely to happen.  While nothing is guaranteed, with the rest of the developed world doing a decent job of finding a way to function while vaccines are in the works the "new normal" has settled in with the understanding that unless something seismic happens the US will likely have leadership beginning in early 2021 that will begin to move in ways the rest of the world already has and will improve the situation for the global economy by finally getting the US out if idle mode.  The independence of the American mindset has allowed many to find what works while national leadership fails abhorrently and this has allowed local areas to proceed in spite of the mess.  I think that has helped provide the stability in the stock market and comfort that we understand what things are like now that we are quite a ways past the second quarter results.  This gives me confidence to come out of the careful shell a bit and keep moving forward with things like what talltexan shared and not market timing because of the highs.  Those on the sidelines for the last few months missed a lot of gains and while I do feel more drops are coming as the work through this pandemic is far from over given all the divisiveness in American society, we always find our way through and we will again.  The vocal minority can keep yelling into their bubble while things move forward around and without them.  It is sad that this is exactly what they want to avoid yet they are creating a self fulfilling prophecy with all the anger and hate and many have just chosen to ignore it rather than what happened four years ago when it consumed everything.  It is now just background noise.

 So we've saved up another hunk of cash given the lowered expenses and I will be sending it where it belongs, into the investments to do its job.

DeskJockey2028

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Re: 2029 FIRE Cohort
« Reply #376 on: August 11, 2020, 07:11:43 AM »
Hey 29ers, in 64 days, we'll hit 3,000 days until 1/1/29! I'll probably post something here on that date (October 15th for those keeping track).  We're also getting real close to 30% of the way there, counting from when this cohort was created! Back in March of 2017 I posted "Just 4,309 days until January 1, 2029!" and I was feeling pretty optimistic about that number. 3,000 is a whole lot less!

mizzourah2006

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Re: 2029 FIRE Cohort
« Reply #377 on: August 11, 2020, 07:29:05 AM »
Networth just crossed 1 million, which is pretty cool to say. When I started tracking in January of 2016 we were only at $300k. So a pretty swift climb once I started focusing on FI. Investments are still at least a year or so away from 1 million though, they are sitting at $815k right now. I've decided now that the nest egg is at a point where we could be pretty close to LeanFIRE without daycare, so I'm going to start balancing the mortgage pay off a bit more. So instead  of having ~ 21 years left to pay it off I think I want it done  in ~5-6 years instead. Not the most ideal mathematical solution, but seeing what happened to so many people during this pandemic makes me want to be in a position where we could go into survival mode and last on ~$25-$30k/yr and until we pay off the mortgage we're looking at closer to $35-40k/yr.

DeskJockey2028

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Re: 2029 FIRE Cohort
« Reply #378 on: August 11, 2020, 07:42:58 AM »
I've started looking at paying off my mortgage a lot earlier as well. In the next month or two I may try to refi and drop another 5 years off that way with a 15 year mortgage. Hopefully I can secure a similar payment with a much lower rate, and still overpay.

henramdrea

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Re: 2029 FIRE Cohort
« Reply #379 on: August 11, 2020, 08:26:22 PM »
Just checking in here boys and girls.  I was thinking of all of you today and hope you're all still on track for your freedom goals.  I'm still chipping away at it.  I think I'm still on track, unbelievably as long as Social Security holds together another 9 more years.  I've still budgeted it as about 1/3 of my retirement income.  Again, I'm a little older than a lot of you, but I'll be danged if I work a day after I turn 62.
Hope everyone is healthy and keeping their sanity in this mess.

HeadedWest2029

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Re: 2029 FIRE Cohort
« Reply #380 on: August 12, 2020, 05:51:55 PM »
How's everyone doing on savings rate this year? 

With the markets going bananas in both directions so far, I always like to take stock in how I'm doing in the one metric I can somewhat control.  My savings rate YTD is 45.9%  Partially boosted by COVID hermit-like behavior, but mostly inline with what I've done historically with SR.  I think I have a shot of > 50% SR before the end of the year

DeskJockey2028

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Re: 2029 FIRE Cohort
« Reply #381 on: August 12, 2020, 06:02:19 PM »
Still right there around 33-34% myself. Right on track with where I should be. I'd say it's the boring middle, but this year has NOT been boring.

mizzourah2006

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Re: 2029 FIRE Cohort
« Reply #382 on: August 12, 2020, 06:26:41 PM »
How do you all calculate savings rate? I just typically keep track of spending. I figure I know my HH income and my expenses, and could pretty easily calculate my taxes at the end of the year and whatever doesn't fall into those buckets was saved. But I don't actually keep track of what I save.

maisymouser

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Re: 2029 FIRE Cohort
« Reply #383 on: August 12, 2020, 06:38:03 PM »
Just checking in here boys and girls.  I was thinking of all of you today and hope you're all still on track for your freedom goals.  I'm still chipping away at it.  I think I'm still on track, unbelievably as long as Social Security holds together another 9 more years.  I've still budgeted it as about 1/3 of my retirement income.  Again, I'm a little older than a lot of you, but I'll be danged if I work a day after I turn 62.
Hope everyone is healthy and keeping their sanity in this mess.

That's exactly how I feel about working past 50. No way, uh uh, do NOT want to be shackled to anything related to work beyond the probable middle of my life. You go henramdrea!

HeadedWest2029

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Re: 2029 FIRE Cohort
« Reply #384 on: August 12, 2020, 06:42:49 PM »
How do you all calculate savings rate? I just typically keep track of spending. I figure I know my HH income and my expenses, and could pretty easily calculate my taxes at the end of the year and whatever doesn't fall into those buckets was saved. But I don't actually keep track of what I save.

Check out https://www.mrmoneymustache.com/2015/01/26/calculating-net-worth/

I add in 401k contributions and match (fully vested) for take home pay. I exclude income from dividends and interest (that's cheating)

BuffaloStache

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Re: 2029 FIRE Cohort
« Reply #385 on: August 13, 2020, 10:33:45 AM »
Congrats, @mizzourah2006 on the big milestone!

Also,
...We're also getting real close to 30% of the way there, counting from when this cohort was created! ...

This is somewhat reassuring to me. I started tracking/seriously working towards FI shortly before this cohort was created, and I'm now just shy of 25% of the way to FI. When viewing this progress as a "time-to-FI" metric, I'd guess I'm much closer than I think I am, based on this principle: https://fourpillarfreedom.com/why-saving-your-first-100k-is-a-big-deal/ . @maisymouser , I feel the same- I'm fortunately still pretty young, but I don't want to work if I don't want to past the age of 50.

As for Savings Rate, YTD I'm sitting just under 50%. The pandemic has actually put a big boost in that number, due to reduced Childcare, Transportation, and General Fun/Activities spending. My family has actually been spending a little bit more on groceries and eating takeout, but it's still a net positive overall.

caracarn

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Re: 2029 FIRE Cohort
« Reply #386 on: August 18, 2020, 03:10:53 PM »
I just moved $10K into my taxable index fund.  Just plowing away.  Was really the first time I did anything that resembled timing in a long time as I've been accumulating this cash for the last 3 months but finally said enough is enough.  The plan worked well for me thus far and why did I stop?  I fell into this is unique situation, but clearly many of the public companies are doing OK through this.  I know the one i work for did better than we thought as we had cut everyone's pay right at the start in March and it has now been restored because things were decent all the way through.  I understand that some spaces are really struggling but clearly enough are doing well that the overall market is sticking at high levels so I determined to stop being paralyzed by concern about another big drop and went back to my just save all we can model.  My wife's schedule looks like she will be making double what she was pre-COVID as the school year starts up so right now expecting a good phase as no life style creep.  I have just upped by 401(k) to hit the max for the first time in my life.  Savings rate is definitely higher than it has been in years so working to get to FIRE ASAP.

rockstache

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Re: 2029 FIRE Cohort
« Reply #387 on: August 19, 2020, 05:03:02 AM »
I'd guess I'm much closer than I think I am, based on this principle: https://fourpillarfreedom.com/why-saving-your-first-100k-is-a-big-deal/ .

That was a really excellent collection of charts that I hadn't come across before. Thanks so much for posting it!

DeskJockey2028

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Re: 2029 FIRE Cohort
« Reply #388 on: September 25, 2020, 08:03:47 AM »
Tomorrow, Saturday the 26th of September, we will reach our 30% milestone! 30% of the time from the start of this cohort thread to 1/1/29 has passed. Remember when we passed the 2% mark? Now we're nearly a third of the way to 2029, which is a nice milestone to hit! I hope everyone is doing well and keeping safe.

Today's at 2pm local time, we have hit 25% of the way to 1/1/29, from the start of this cohort! ONE QUARTER DONE! Three to go! If our FIRE process was a dollar, this is the first time we'd get enough change out of it to feed a parking meter. Go us!
Today, at 4am local time, marks 20% of the way to 2029! That's 1/5th of the way there! We're starting to show some serious progress here. 3,452 days to the first day of 2029! Less than 9.5 years and way less than the nearly 4,300 we started this cohort with.

Welcome to 15% of the way to 1/1/29! Hope everyone had a decent year and that 2019 brings more good things and more retirement funds!  In 215 days or so, that is, next July, we'll be 1/5th of the way there! We're currently 3,665 days away from 1/1/29. If anyone's interested, we're also 646 days from the day I started this thread!

And just like that, we're in double digits. Happy 10% day! 1/10th of the way to 2029!

Hey all! Tomorrow, Saturday the 14th, is 5% day! Look at that, we've already more than doubled our previous 2% milestone. :) Hope to see you all again on May 18th, 2018 for 10% day!

Happy 2% day!
« Last Edit: September 25, 2020, 08:05:56 AM by DeskJockey2028 »

henramdrea

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Re: 2029 FIRE Cohort
« Reply #389 on: September 26, 2020, 02:31:14 PM »
Tomorrow, Saturday the 26th of September, we will reach our 30% milestone! 30% of the time from the start of this cohort thread to 1/1/29 has passed. Remember when we passed the 2% mark? Now we're nearly a third of the way to 2029, which is a nice milestone to hit! I hope everyone is doing well and keeping safe.

Today's at 2pm local time, we have hit 25% of the way to 1/1/29, from the start of this cohort! ONE QUARTER DONE! Three to go! If our FIRE process was a dollar, this is the first time we'd get enough change out of it to feed a parking meter. Go us!
Today, at 4am local time, marks 20% of the way to 2029! That's 1/5th of the way there! We're starting to show some serious progress here. 3,452 days to the first day of 2029! Less than 9.5 years and way less than the nearly 4,300 we started this cohort with.

Welcome to 15% of the way to 1/1/29! Hope everyone had a decent year and that 2019 brings more good things and more retirement funds!  In 215 days or so, that is, next July, we'll be 1/5th of the way there! We're currently 3,665 days away from 1/1/29. If anyone's interested, we're also 646 days from the day I started this thread!

And just like that, we're in double digits. Happy 10% day! 1/10th of the way to 2029!

Hey all! Tomorrow, Saturday the 14th, is 5% day! Look at that, we've already more than doubled our previous 2% milestone. :) Hope to see you all again on May 18th, 2018 for 10% day!

Happy 2% day!

This is a fantastic look back!  In a few months, we'll be at the 8 years-remaining mark!
Go '29ers!

BuffaloStache

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Re: 2029 FIRE Cohort
« Reply #390 on: October 02, 2020, 10:59:54 AM »
Thanks for the well-wishes, @DeskJockey2028 ! Unfortunately I'm not at 30% of the way to FI on our 30%-anniversary, but I'm not too far off. I hope everyone hear is enjoying the Fall and staying safe.

P.S: for the first time since I started my FI journey, my coast age recently fell below 53.5 (it's 53.4). I'm pretty happy about that.

DeskJockey2028

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Re: 2029 FIRE Cohort
« Reply #391 on: October 14, 2020, 05:31:02 AM »
4264 days to go till 1/1/2029

FI4good pointed out back on April 30, 2017, that we had 4,264 days left until 2029. Today, we have hit 3,000 days left! Still a lot of days? Sure? But it's 1,264 days less than what were discussing at the start of this cohort. So in terms of time invested (and hopefully money invested) we've all made some real progress!

talltexan

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Re: 2029 FIRE Cohort
« Reply #392 on: October 14, 2020, 08:34:46 AM »
That's incredible to contemplate. My data is in third grade, and she's about 3,100 days old.

SotI

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Re: 2029 FIRE Cohort
« Reply #393 on: October 14, 2020, 01:53:07 PM »
May everybody live well and prosper until then.

henramdrea

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Re: 2029 FIRE Cohort
« Reply #394 on: October 15, 2020, 06:45:08 AM »
Today marks 3000 days left!
Looking forward to DJ's summary!
I'm continuing to gently increase my savings rate, but again it's a waiting game.  A lot can happen in 3000 days.  Stay healthy, keep saving, don't let the political noise deter you from the goal.  Saying that mostly to myself, but hope it helps the rest here as well.

DeskJockey2028

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Re: 2029 FIRE Cohort
« Reply #395 on: October 15, 2020, 08:54:32 AM »
I did reply already, up in thread: https://forum.mrmoneymustache.com/welcome-to-the-forum/2029-fire-cohort/msg2715669/#msg2715669 and I'm psyched! That's a good amount of time for interest and my bi-weekly deposits to do their tricks! I went from 14% of my goal in invested dollars to 39% and my pace of investing and the compounded interest are accelerating that.

So much life has gone into those 1,264 days too! I've gone from having a teen and a pre-teen to two kids in high school (one of whom graduates next year)! Ack! One of my kids is driving! My wife and I celebrated our 20th anniversary in there.
 
Back when I started this cohort, 2029 seemed, well, slightly absurd. 13 years away? Now though we're less than 8.5 years away until 1/1/29. Still a ways to go but it no longer seems a drastic amount of time to be chatting away on a forum. :)

Looking ahead seems like a long way to go. Looking back it seems like a blink of an eye sometimes.

BuffaloStache

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Re: 2029 FIRE Cohort
« Reply #396 on: October 15, 2020, 09:21:33 AM »
... A lot can happen in 3000 days.  Stay healthy, keep saving, don't let the political noise deter you from the goal.  Saying that mostly to myself, but hope it helps the rest here as well.

Thanks for posting that, @henramdrea - I say something similar a lot, and it's good to hear the encouragement from my fellow '29ers. We can do it!

...I went from 14% of my goal in invested dollars to 39% and my pace of investing and the compounded interest are accelerating that.
...
Looking ahead seems like a long way to go. Looking back it seems like a blink of an eye sometimes.

DJ, great insights. From day 1 of this thread (March 2017) until today, I went from 5.6% of my goal in invested dollars to 28.5%. That timeframe also includes buying a very expensive house (20% downpayment to avoid PMI), and converting our old condo into an investment property which isn't really accounted for in the numbers. I'm also hoping that my pace of investing, not having any more planned large purchases (I will likely have to replace 2 cars between now and FI, but it's also accounted for in those percentages) and compound interest also accelerates that. I think I've shared it here before, but this article and elsewhere on the web seem to concur with that assumption.

Your last sentence is really a great quote about life. When I think back to some of the things that happened in my life 10+ years ago, it amazes me of how short a timespan even the most boring and "long" periods of time seem to be in the present.

« Last Edit: October 15, 2020, 09:25:05 AM by BuffaloStache »

henramdrea

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Re: 2029 FIRE Cohort
« Reply #397 on: October 15, 2020, 06:52:56 PM »
Also, being close to 8 years away for us, that's really just 2 election cycles.  In 2012, we were in the process of re-electing Obama to a second term.  It doesn't seem that long ago, but still a lot has happened:
Also in 2012, the economy and the market in general were showing signs of life again, London hosted the Olympics, and of course how could we forget The End of the World according to the Aztec calendar!
Maybe the end of world can wait a bit longer?

ChickenStash

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Re: 2029 FIRE Cohort
« Reply #398 on: October 19, 2020, 10:04:58 AM »
I've been running a bunch of sims lately and the numbers they return say I should be able to throw my lot in with the '29ers so here goes nothing. Tough to say how well it will work out without a crystal ball, though.

I've only known about the FIRE movement and MMM for about 3 years. I've always had a fair savings rate by normal society's standards but I never really looked at how to retire early until I found this place by accident when researching what to do with an old 401k account. What a surprise it was to run some numbers and see that retiring early was actually possible.

DeskJockey2028

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Re: 2029 FIRE Cohort
« Reply #399 on: October 19, 2020, 10:06:15 AM »
Welcome ChickenStash! Glad to have you with us.