Author Topic: 2029 FIRE Cohort  (Read 5966 times)

msmargarita

  • 5 O'Clock Shadow
  • *
  • Posts: 8
Re: 2029 FIRE Cohort
« Reply #50 on: May 17, 2017, 09:00:05 AM »
DeskJockey2032         1/2029 or earlier !
FI4good                     1/2029
High Income Parent     ?/2029
SeaKayEI                   7/2029
msmargarita              ?/2029
SharkStomper            ?/2029
PerpetualWanderlust   ?/2029

4249 days to go till 1/1/2029

I'm hoping for 1/2029 as well

FI4good

  • 5 O'Clock Shadow
  • *
  • Posts: 78
  • Age: 43
  • Location: the north UK
Re: 2029 FIRE Cohort
« Reply #51 on: May 18, 2017, 01:49:07 AM »
DeskJockey2032            1/2029 probably earlier
FI4good                        1/2029 probably earlier
HighIncomeParent         ?/2029
SeaKayEI                      7/2029
msmargarita                  1/2029
SharkStomper          11/4/2029
PerpetualWanderlust      ?/2029

If you want to change anything just copy and paste the most recent and do it ,
if anyone new comes along just copy past the most recent list and add yourself in like the other Cohort threads. 
I've used time of first post on this thread as the sequence but maybe over the next 12 years it might be better to change it to ETR (expected time of retirement) 
Please feel free to tidy it up and fiddle-faddle i just thought it'd be nice to see us in print together , makes it feel more real somehow .

DeskJockey2028

  • Bristles
  • ***
  • Posts: 382
  • Age: 45
  • Aiming for 2028
Re: 2029 FIRE Cohort
« Reply #52 on: May 18, 2017, 12:15:21 PM »
I don't really believe that was Matt Damon.

FI4good

  • 5 O'Clock Shadow
  • *
  • Posts: 78
  • Age: 43
  • Location: the north UK
Re: 2029 FIRE Cohort
« Reply #53 on: May 19, 2017, 05:39:20 AM »
I might be FI again in 10, 20 years it's not a big deal but i have the good grace that some will never have in a lifetime.

Hope everyone is doing ok, eyes on the goal .. I'm sober 7 years in september god/whatever willing, amazing how fast those years have gone by and how glorious they have been.

Summer has hit this week in the UK and i'm noticing how verdant everything is, stay on track my fellow '29rs

Ta Ta for now

DeskJockey2028

  • Bristles
  • ***
  • Posts: 382
  • Age: 45
  • Aiming for 2028
Re: 2029 FIRE Cohort
« Reply #54 on: June 01, 2017, 10:22:20 AM »
Today is my one year anniversary as a Mustachian. About one year and 2 months past I discovered MMM and the concept of FIRE. On June 1 2016, I made my first positive change (upped my 403(b) contributions by 2%) and started to reduce some extra spending.

So it's been a full year that I've been doing this! When I started back in 2016 I was really hoping to retire by 65. Now I'm 94.6% sure I can retire a month before I turn 56. :D That's NINE YEARS knocked off. Made my first post to MMM on June 30th of last year. Made my first Journal entry on August 4th of 2016.

Life goes on and lots of stuff happened in that past year both positive and negative. But by far the best thing to happen to me that isn't my kids, wife or friends is that feeling of security I now have. 6-10 months worth of E-Funds and even if I stopped contributing to my retirement funds today (which will never happen) I'd reach my FIRE number at 66.5 years old. Every month that goes by, that age diminishes.

Cheers!

DeskJockey2028

  • Bristles
  • ***
  • Posts: 382
  • Age: 45
  • Aiming for 2028
Re: 2029 FIRE Cohort
« Reply #55 on: June 07, 2017, 02:59:25 AM »
Happy 2% day!

FI4good

  • 5 O'Clock Shadow
  • *
  • Posts: 78
  • Age: 43
  • Location: the north UK
Re: 2029 FIRE Cohort
« Reply #56 on: June 09, 2017, 07:39:47 AM »
nice to see that 2% go .

Changing things here a bit between pension & post income tax, tax free ISA . Don't trust the government to not be shifting the goalposts on retirement savers .
Going to start setting a bit aside to buy more art in the 2,000 - 5,000 range as well as some into the ISA for more liquid investments.

With the DB to DC transfer going ahead & the 200% match up to 7% the pension fund offers a good bare bones retirement in 29' or even a sumptuous one the longer i leave it to grow.

Everything from now on is "gravy" ISA's offer a way of buying time, every 900 is a month. each painting on my wall is probably a year of retirement by the time i will come to sell them and i have the enjoyment of them in the meantime.

Green energy supplier now used , the local food bank is now receiving the equivalent of a weekly shop once a month 50 , gone vegetarian a lot cheaper, healthy and don't feel guilty seeing livestock transporters on the motorway / freeway.

keep on all , best wishes . 

DeskJockey2028

  • Bristles
  • ***
  • Posts: 382
  • Age: 45
  • Aiming for 2028
Re: 2029 FIRE Cohort
« Reply #57 on: June 22, 2017, 10:09:23 AM »
Anyone got any groovy plans for the summer? We're not traveling much at all this year so I'd love to live vicariously through you all!

PerpetualWanderlust

  • 5 O'Clock Shadow
  • *
  • Posts: 53
Re: 2029 FIRE Cohort
« Reply #58 on: June 22, 2017, 10:25:48 AM »
DeskJockey2032         1/2029 or earlier !
FI4good                     1/2029
High Income Parent     ?/2029
SeaKayEI                   7/2029
msmargarita              ?/2029
SharkStomper            ?/2029
PerpetualWanderlust   ?/2029

4249 days to go till 1/1/2029

1/2029 for me as well.

SharkStomper

  • 5 O'Clock Shadow
  • *
  • Posts: 32
  • Age: 48
  • Location: Great State of Tennessee
Re: 2029 FIRE Cohort
« Reply #59 on: June 22, 2017, 07:22:22 PM »
Welcome to the club, PW!

DJ, it looks like I'll be spending the next month in Pensacola for work.  Hopefully I'll get some weekends off to enjoy the beach and hotel pool.

DeskJockey2028

  • Bristles
  • ***
  • Posts: 382
  • Age: 45
  • Aiming for 2028
Re: 2029 FIRE Cohort
« Reply #60 on: July 03, 2017, 06:44:53 AM »
Since I like round numbers (makes the math easier) I'll just leave this here.

4200 days until 1/1/29!

SharkStomper

  • 5 O'Clock Shadow
  • *
  • Posts: 32
  • Age: 48
  • Location: Great State of Tennessee
Re: 2029 FIRE Cohort
« Reply #61 on: August 01, 2017, 03:08:13 AM »
Bumpity Bump! 

What are you guys up to???  Are we still in the 2029 boat together?  Any newbies wanna jump in the life raft?

I've bumped up my 401k to 10% and been on the road where my pay is substantially higher. #+PerDiem  It's finally back to the levels it was at my old job.  (Changed employers this year due to a .gov contract change)

I've also been faithfully dumping money in my taxable account each month, despite a heat pump replacement at my rental property.  Ouch

DeskJockey2028

  • Bristles
  • ***
  • Posts: 382
  • Age: 45
  • Aiming for 2028
Re: 2029 FIRE Cohort
« Reply #62 on: August 01, 2017, 05:13:25 AM »
Still here! Still doing the same old thing - trucking along working, saving and living life. I'm now I think ever so slightly even more likely to go in 2028 but it all depends on what the market and the economy are doing between 2026 and 2029ish.

I won't change any numbers again until October, when I get my raise. Then I'll bump things up a bit.

FI4good

  • 5 O'Clock Shadow
  • *
  • Posts: 78
  • Age: 43
  • Location: the north UK
Re: 2029 FIRE Cohort
« Reply #63 on: August 21, 2017, 01:39:49 PM »
Hey all ,
 hope those in the USA under the shadow of the moon enjoy it. I saw an eclipse in devon a few years back, an interesting experience.

All things ticking along here ok, db pension is now transferred to dc and invested. Savings are automated so i'm all set for 12 years time.

A small problem might be that the UK government move the goal posts for early access to 10 years before state retirement which would mean 15 years and a possible 2032 date for my 58th year.   

It's a nice feeling to know that time to grow and compound is all thats needed now , i needn't put anymore money into my pension as a 7% return would put me at nearly twice my bare bones amount in 12 years, with my firm giving me 14% if i put in 7% i just can't help myself adding more to the pension pot tho' . 

I do check in occasionally to MMM but after an initial rush i've calmed down a bit and am enjoying myself, i don't have to worry about money anymore in my future life if I'm moderate in my ways and doomsday doesn't happen, it's a nice feeling.

Now i'm more worried about running out of life rather than money !

Best wishes all FI4
« Last Edit: September 17, 2017, 08:52:09 AM by FI4good »

FI4good

  • 5 O'Clock Shadow
  • *
  • Posts: 78
  • Age: 43
  • Location: the north UK
Re: 2029 FIRE Cohort
« Reply #64 on: August 28, 2017, 03:19:12 PM »
4144 days till 1/1/29'
52 weekends a year x 2 days x 11 years = 1144 , less than 3000 days of turning up for my attendance allowance to the work a day world . if you add vacation then we're nearly there !

DeskJockey2028

  • Bristles
  • ***
  • Posts: 382
  • Age: 45
  • Aiming for 2028
Re: 2029 FIRE Cohort
« Reply #65 on: August 30, 2017, 10:16:07 AM »
I use this calculator a lot to figure out how many days to or from a certain date.

https://www.timeanddate.com/date/duration.html

According to this, if I go on the target day, month and year, I have 2699 work days until I retire. But wait! There's more! I also get time off, and I like to use it. I get 3 personal days, 20 vacation days and 12 sick days. Let's say I use it all, every year. That's another 35 days off a year, over the next 10 years and 10 months or so. If I manage to use ALL of that time, minus say - 20 of the sick days I'll accrue, that equals another 365 days off. A whole freaking year! That brings my total to 2334 days. Oh, but on my 15th and 20th work anniversaries, I also age an extra week of vacation (not per year, just on that day, added to my total). So that's another 10 days, or 2324 working days left. Or... about six and two third years of working time over the next 10 years, 10 months.

Of course, I may not use all those vaca days. I plan on saving up about a month's worth of vaca over the next 10 years, so I'll have that payout when I leave work as well. That's going to help fund my massive road trip. :)

SharkStomper

  • 5 O'Clock Shadow
  • *
  • Posts: 32
  • Age: 48
  • Location: Great State of Tennessee
Re: 2029 FIRE Cohort
« Reply #66 on: August 31, 2017, 06:12:08 AM »
That's a pretty cool calculator.  Assuming I go in November when the wife is eligible for Medicare, I only have 2937 working days to go!

DeskJockey2028

  • Bristles
  • ***
  • Posts: 382
  • Age: 45
  • Aiming for 2028
Re: 2029 FIRE Cohort
« Reply #67 on: September 07, 2017, 09:55:46 AM »
2840 days not counting weekends and (US) holidays. That's the good news. The bad news is, for those of us still working, the 1st day of 2029 is a Monday. More good news though! Generally that's a holiday so I suspect many of us won't actually be at work on the first Monday of 2029.

FI4good

  • 5 O'Clock Shadow
  • *
  • Posts: 78
  • Age: 43
  • Location: the north UK
Re: 2029 FIRE Cohort
« Reply #68 on: September 07, 2017, 11:54:32 AM »
Friday Jan 19th 2018 is 4000 day .. woo !

looking forwards to this milestone 5% - 10/14/17
« Last Edit: September 07, 2017, 12:00:00 PM by FI4good »

DeskJockey2028

  • Bristles
  • ***
  • Posts: 382
  • Age: 45
  • Aiming for 2028
Re: 2029 FIRE Cohort
« Reply #69 on: September 08, 2017, 07:44:04 AM »
Yeah, I've got that 5% October milestone in my calendar! It's more than twice the 2% milestone we just passed. Then after that... we're in double digits!

(For context, I also get all giddy about dropping a 100 days off my personal countdown - your mileage may vary).

HeadedWest2029

  • 5 O'Clock Shadow
  • *
  • Posts: 95
Re: 2029 FIRE Cohort
« Reply #70 on: September 13, 2017, 12:29:08 PM »
Put me down for 2/7/2029, 48 yrs old, with our only child headed to college or trade school or vagabond in the fall of 2029.
Could hit FI before that if current conditions hold (46?), but will probably tack on a few OMY's for safety.
I'm going for a 3.5% WR, which would be even lower if I finish in 2029

Edit: I love the absurdity of nailing this down to the day :)
« Last Edit: September 13, 2017, 12:31:09 PM by FourPercenter »

DeskJockey2028

  • Bristles
  • ***
  • Posts: 382
  • Age: 45
  • Aiming for 2028
Re: 2029 FIRE Cohort
« Reply #71 on: September 13, 2017, 12:32:42 PM »
Welcome FourPercenter! My original projections had me going in June(ish) of 2029 but I think I've knocked a full year off of that and will be going in mid-2028, all things being equal.

Put me down for 2/7/2029, 48 yrs old, with our only child headed to college or trade school or vagabond in the fall of 2029.
Could hit FI before that if current conditions hold (46?), but will probably tack on a few OMY's for safety.
I'm going for a 3.5% WR, which would be even lower if I finish in 2029

Edit: I love the absurdity of nailing this down to the day :)

mizzourah2006

  • Bristles
  • ***
  • Posts: 295
  • Age: 34
  • Location: NWA
Re: 2029 FIRE Cohort
« Reply #72 on: Today at 09:47:52 AM »
Given MadFientist's Calculator assuming a 4% SWR and a 5% real CAGR we are looking at mid 2029. At this point I'm just going to call that FI, I doubt I'd leave work with kids that are 13 and 11. Wouldn't really be able to do a ton of traveling and right now I don't have any hobbies I'm passionate about that could replace a 30-40 hour work week, but who knows? Plus it doesn't hurt that I like what I do right now, but again that could all change in an instant.