2030 FIRE Cohort

[Road2Freedom]

Setting this as our goal, but may be a stretch as Personal Capital says we have a 52% chance of our portfolio supporting our goals.  Also likely in for a rough patch at end of year due to wife's position being moved overseas.  She'll receive a severance and there's still a chance she may be kept on.  Until then, we'll keep on keepin' on.

Age: 42 (me) & 45 (DW)

Net worth: $482,632 (includes $30,342 that is in a 529 and other investments for our son who is 16)
Rollover IRAs: $120,969 (me) and $44,329 (DW)
Mutual Funds: $40,343
Roth IRA: $42,826 (me)
401Ks: $31,506 (me) and $118,387 (DW)
Cash: $54,224 (checking/savings - fluctuates quite a bit as one can expect)
529 & other college funds for our son who is 16:  $30,342

We have no debt and currently rent (long story short is we plan on moving after our son finishes HS in 2019).

It is officially 4 years (1461 days) since I joined this cohort.  A lot has happened over that time and looking back I wouldn't expect to be where we are at now.

We bought a home in Sept 2019 and are going to close on a refi tonight.  Our son will be a junior in college and has been living at home.  We could have a future MMM on our hands.

I won't go into a detailed breakdown but some big milestones we hit included $1 million NW (11/16/20) and most recently $1 million in just investment accounts on 6/4/21.

I can say I am so happy I went down the rabbit hole a little over 4 years ago.  It continues to be a winding journey but well worth it.

[joemcd333]

Inspiring Road!

Jules I am curious about projections too. I have a spreadsheet that assumes 7% growth, but I have no accounting for inflation. My FI number is my expenses right now. Maybe I need to improve this as well. How does everyone else handle projections?

Actually now I'm having a thought, that I've heard that the US stock market has averaged 10% annual growth, or 7% after inflation. I think that's what I based the sheet on. I don't remember lol, its been 4 years since I started mine.

[PDXTabs]

Jules I am curious about projections too. I have a spreadsheet that assumes 7% growth, but I have no accounting for inflation. My FI number is my expenses right now. Maybe I need to improve this as well. How does everyone else handle projections?

I just assume 7% after inflation and know that it may or may not happen. If I have to keep working, I have to keep working.

[joemcd333]

Jules I am curious about projections too. I have a spreadsheet that assumes 7% growth, but I have no accounting for inflation. My FI number is my expenses right now. Maybe I need to improve this as well. How does everyone else handle projections?

I just assume 7% after inflation and know that it may or may not happen. If I have to keep working, I have to keep working.

Fair enough! yes in the end, projections are less important than the actual. nice to be able to guess though

[dreadmoose]

This may be me missing something but when I want to get deeper into projections I turn to https://firecalc.com/ and thought most here did the same.

It projects your success rate using the Trinity study variables (runs a simulation on if you retired with your stache at every span of retirement years historically and tells you how many "succeed" or "fail").

You can start with 3 numbers on the first page there, but can change a ton of the options on the tabs at the top of the screen before you run the simulation to tie it more closely to your situation.

This removes guessing at growth and inflation rates in favor of using historical ones.

[Sanitary Stache]

I think of my projections from this far out as targets.  I change my growth assumptions and expense assumptions a bunch and see how and when I get to what I think is my FIRE number.

All this talk inspired me to run a new projection with the higher investment account balances we have right now.

I project out my income for each year - I just assume I'll keep income the same as this year.  This will likely go up as DW works more and I get pay increases, but for this projection I am keeping income constant until I FIRE.

I project out my expenses - here most things stay the same, but I guess when my dog will die and assume we won't get a new one, I guess when the kids will go to sleep away camp and how much it will cost, and I track out when debt payments will expire.

I project out how my retirement savings contributions will change. For this projection my retirement savings goes down to pay for sleep away camp.

Then I grow my retirement savings by 7% each year plus that years contributions and see what my account balances are.  This projection looks like most others: I won't have enough money to retire by 2030 with a stache of $447,000 and expenses at $50,000  Like most projections, I need to pay off the mortgage in 2033 before I can consider us FI.  This is also when I think the kids are old enough to get summer jobs to monetarily contribute to whatever they are interested in doing - removing extra for kids and the mortgage drops our expenses down to $25,000/year.

I have several buckets for retirement income. FIRE income right now looks like:
Age 50-55 use 4% withdrawal and part time work to cover expenses of $25,000 until age 55 when I take what I project to be 50% of the pension I should have earned by 2030 (due to uncertainty in the pension fund, I reduce what the pension calculation says I will get). I am making a big guess that we are going to be so low income that we qualify for all the health insurance subsidies or the US get's its shit together and takes control of the health care system.
At age 55 I stop working and expenses are covered by 4% withdrawals and pension (though I imagine I'll still do some work, just entirely at my own discretion so I won't count on any pay).
By age 62 pension and assumed 50% of SS (though I think SS assumes I will continue to earn what I am earning until age 62 when the SSA site gives me a number for SS) are covering expenses and 4% withdrawals are extra money for projects.

I haven't used the FIRE simulators for most of my projections because I have been apprehensive of the learning curve, but I probably should start to use them to figure this out a little better.  I like the idea of FIRE, but I think my main motivation in this space has been 1. to be able to work any job at all (e.g. ski instructor) and 2. to ensure retirement at age 62.

[Jules13]

Jules I am curious about projections too. I have a spreadsheet that assumes 7% growth, but I have no accounting for inflation. My FI number is my expenses right now. Maybe I need to improve this as well. How does everyone else handle projections?

I just assume 7% after inflation and know that it may or may not happen. If I have to keep working, I have to keep working.

Yes, this is pretty much what I do, but I use 6%.  Someone on another thread suggested the Compound Interest Calc on Investor.gov and I plugged my numbers into it and also the Savings Goal Calc and came out pretty much in line with my spreadsheet. 

dreadmoose, I've looked at that FireCalc and it makes my head spin.  I'm sure if I really took the time to look at, I would probably like it, but honestly, it makes my eyes glaze over so I've yet to take the time to really understand it. 

Thanks for all the responses!  I appreciate seeing/hearing what others do. 

[Jules13]

I haven't used the FIRE simulators for most of my projections because I have been apprehensive of the learning curve, but I probably should start to use them to figure this out a little better.  I like the idea of FIRE, but I think my main motivation in this space has been 1. to be able to work any job at all (e.g. ski instructor) and 2. to ensure retirement at age 62.

This is pretty much where we are too.  I really just want to know/feel comfortable that we are on the right track without feeling like I need to talk to a financial advisor to assure me of what I can figure out for myself with the right tools.  Thanks for your input!

[PDXTabs]

This may be me missing something but when I want to get deeper into projections I turn to https://firecalc.com/ and thought most here did the same.

It projects your success rate using the Trinity study variables (runs a simulation on if you retired with your stache at every span of retirement years historically and tells you how many "succeed" or "fail").

You can start with 3 numbers on the first page there, but can change a ton of the options on the tabs at the top of the screen before you run the simulation to tie it more closely to your situation.

This removes guessing at growth and inflation rates in favor of using historical ones.

I use the simulators to better understand safe withdrawal rates in retirement. I haven't for the accumulation phase, personally.

[Btag84]

I'll join too. I am 32 and net worth is $275,000

Assets:
Cash: $35,000
Roth IRA: $45,000
Rollover IRAs: $120,000
HSA: $10,000
Taxable Brokerage: $55,000
401k (low b/c new job): $14,700

Liabilities:
Car loan of $4,700 (0.9% interest so not worth paying off)

Not sure I will actually quit then because my gf is a bit younger than me (25) so I will probably work later, but would love to shift to part-time if that is doable. I am a CPA so I hope I can find a part-time opportunity by then.

Update:

I am 36 and net worth is $918k

Assets:
Cash: $11k
Roth IRA: $135k
Rollover IRAs: $258k
HSA: $23k
Taxable Brokerage: $273k
401k: $218k

Liabilities:
None

[Eco_eco]

I'll join too. I am 32 and net worth is $275,000

Assets:
Cash: $35,000
Roth IRA: $45,000
Rollover IRAs: $120,000
HSA: $10,000
Taxable Brokerage: $55,000
401k (low b/c new job): $14,700

Liabilities:
Car loan of $4,700 (0.9% interest so not worth paying off)

Not sure I will actually quit then because my gf is a bit younger than me (25) so I will probably work later, but would love to shift to part-time if that is doable. I am a CPA so I hope I can find a part-time opportunity by then.

Update:

I am 36 and net worth is $918k

Assets:
Cash: $11k
Roth IRA: $135k
Rollover IRAs: $258k
HSA: $23k
Taxable Brokerage: $273k
401k (low b/c new job): $218k

Liabilities:
None

That is amazing progress - it must feel great. Do you have a target in mind?


Sent from my iPhone using Tapatalk

[DadJokes]

		Projected		|		Actual
Year	Net Worth	Investments	% to FI	|	Net Worth	Investments	% to FI
2018	-	-	-	|	60.9k	19.8k	1.3%
2019	-	-	-	|	136.9k	80.4k	5.4%
2020	203k	134k	8.9%	|	227.8k	149.5k	11.1%
2021	284k	198k	13.2%	|	289.1k	202.3k	13.5%
2022	371k	268k	18.2%	|
2023	484k	347k	23.2%	|
2024	594k	435k	28.7%	|
2025	713k	534k	34.8%	|
2026	848k	646k	41.4%	|
2027	997k	770k	48.7%	|
2028	1.162m	909k	56.7%	|
2029	1.344m	1.064m	65.4%	|
2030	1.545m	1.237m	74.9%	|

We are only halfway through 2021, and I've already surpassed my year-end goal. I elected to keep my goals set back at the beginning of 2020 due to market valuations. I will probably set new goals at the end of the year if the climb continues.

[Btag84]

I'll join too. I am 32 and net worth is $275,000

Assets:
Cash: $35,000
Roth IRA: $45,000
Rollover IRAs: $120,000
HSA: $10,000
Taxable Brokerage: $55,000
401k (low b/c new job): $14,700

Liabilities:
Car loan of $4,700 (0.9% interest so not worth paying off)

Not sure I will actually quit then because my gf is a bit younger than me (25) so I will probably work later, but would love to shift to part-time if that is doable. I am a CPA so I hope I can find a part-time opportunity by then.

Update:

I am 36 and net worth is $918k

Assets:
Cash: $11k
Roth IRA: $135k
Rollover IRAs: $258k
HSA: $23k
Taxable Brokerage: $273k
401k (low b/c new job): $218k

Liabilities:
None

That is amazing progress - it must feel great. Do you have a target in mind?


Sent from my iPhone using Tapatalk

  Not sure, would have said $1M and then maybe downshift to PT, but now maybe $2M. I plan to start a family with my gf within the year so I suspect my spending will jump :).

[MrsSpendyPants]

Just did the math and realized 2030 is my year!  Still have a long ways to go and some major expenses to take care of but this is much better than 2034 as I had originally projected.

Just hit 1M in investments, aiming for 100k in retirement income though so I need to get to 3.5M or so.

[semiretired31]

5 years and not terribly disciplined spending and still a ton of progress. I’ll probably never be truly mustachian, but this works for me.

$140k in equity in house
$445k in 401k
$16k in savings
$113k in Vanguard
Total NW - $714k

Almost +$400k in 5 years

As my name implies, I plan to semi retire by 2031. Bunch of life/financial circumstances that make that year make sense. 15 years on my mortgage and two kids will be through college. My wife and I will be 52. That feels pretty badass to me (even though it's "old" in comparison to a lot around here).

Here's where we are at:
$50k equity in house (will downsize at some point)
$220k in 401(k)
$25k cash
$27k taxable Vanguard
NW of $322k

Glad to join the crew.

[TyGuy]

Hello, this cohort seems like a very supportive and diverse group! I'm excited to be joining this group and if all goes as planned I will be FI by 2030 and will then take a serious look at retiring. Additionally, I will not be including my house, checking account, or pension (will be vested in 2024 and then growing yearly) in my net worth. My bare-bones FI number will likely be around 600,000 in invested assets (still trying to lock in an official yearly spending total, it has been difficult to assess with multiple moves over the past 3 years). I look forward to counting down the days with you all!

401K: 41K
Roth IRA: 20.5K
IRA: 7K
Taxable: 7K
Savings: 2K

Student loans: (21.5K)


Net Worth: 56K

[rebel_quietude]

Geeze, welcome @TyGuy , and @MrsSpendyPants  and apologies for the delay! We've joked before that this thread will be hopping in 2029, but sometimes it goes a bit quiet in the between-years.

Looks like you're both off to a great start, and the years pass quick. Also, @semiretired31 , great progress, congrats!

Hope everyone's doing well, and that everyone in the US has a three-day weekend. My house is clean, the sun is shining . . . the beach is calling, and I must go.

[Mgmny]

Hope everyone's doing well, and that everyone in the US has a three-day weekend. My house is clean, the sun is shining . . . the beach is calling, and I must go.

I have worked at like 8 companies in my career and I have NEVER gotten Columbus day off. You must work for the gov... lol

[DadJokes]

Hope everyone's doing well, and that everyone in the US has a three-day weekend. My house is clean, the sun is shining . . . the beach is calling, and I must go.

I have worked at like 8 companies in my career and I have NEVER gotten Columbus day off. You must work for the gov... lol

Same, haha.

I work for state government, and instead of getting Columbus Day off, we work that day and instead observe Columbus Day on the day after Thanksgiving, making that a four-day weekend.

[Sanitary Stache]

I work for the government and we get a special state holiday rather than Columbus Day. Which in my state is observed as Indigenous Peoples day.
We also get the day after thanksgiving off, but it is a special decision by the governor every year rather than a contractual holiday.

[PDXTabs]

For the first time ever I got Indigenous Peoples' Day/Columbus Day off. My company has some floating holidays that they move around and this year they put it on October 11.

[Steeze]

Hope everyone's doing well, and that everyone in the US has a three-day weekend. My house is clean, the sun is shining . . . the beach is calling, and I must go.

I have worked at like 8 companies in my career and I have NEVER gotten Columbus day off. You must work for the gov... lol

Same, haha.

I work for state government, and instead of getting Columbus Day off, we work that day and instead observe Columbus Day on the day after Thanksgiving, making that a four-day weekend.

I’m in private and we do the same. Columbus Day is a ‘flex’ holiday. If you work that day you can use it another day up to dec 31. I always use it Black Friday.

[semiretired31]

Geeze, welcome @TyGuy , and @MrsSpendyPants  and apologies for the delay! We've joked before that this thread will be hopping in 2029, but sometimes it goes a bit quiet in the between-years.

Looks like you're both off to a great start, and the years pass quick. Also, @semiretired31 , great progress, congrats!

Hope everyone's doing well, and that everyone in the US has a three-day weekend. My house is clean, the sun is shining . . . the beach is calling, and I must go.

Thank you. Hard to believe I’ve been at it this long.

[Mgmny]

Hope everyone's doing well, and that everyone in the US has a three-day weekend. My house is clean, the sun is shining . . . the beach is calling, and I must go.

I have worked at like 8 companies in my career and I have NEVER gotten Columbus day off. You must work for the gov... lol

Same, haha.

I work for state government, and instead of getting Columbus Day off, we work that day and instead observe Columbus Day on the day after Thanksgiving, making that a four-day weekend.

I’m in private and we do the same. Columbus Day is a ‘flex’ holiday. If you work that day you can use it another day up to dec 31. I always use it Black Friday.

That is so odd... I again, have worked for nearly 10 companies, and they have always had the day after Thanksgiving as a holiday... so weird. I wonder if it's a regional thing?

[brandon1827]

My company only started granting the day after Thanksgiving as paid time off around 6-7 years ago. Until that time, we were taking a different day (maybe Columbus day) and had to come back into work on the Friday after Thanksgiving. Many ended up using vacation or personal time on black Friday anyway, so it made sense to switch...but it's still relatively new for us

[Yanisimo]

Hi all. Introductory Post: learned about FIRE back in 2018 a few months into my first full-time job. Yes, it took me only a few months of full-time work to realize I detested it. We had a net worth of less than $50K. We just hit one quarter million in net worth. Time really flies. We have about ten years left. There is no 2031 FIRE Cohort, and I figure it's better to be an optimist, so 2030 it is. My back may give out by then. Anyhow, let's keep fighting the good fight!

[Chrissy]

Hi Yanisimo!  Big milestone for us this month, too:  we just hit $1M in investments!!!

[DadJokes]

Welcome Yanisimo, and congrats on your recent milestone!

[brandon1827]

Welcome Yanisimo!

Congrats Chrissy...that's huge!

[rebel_quietude]

There is no 2031 FIRE Cohort, and I figure it's better to be an optimist, so 2030 it is. My back may give out by then. Anyhow, let's keep fighting the good fight!

Welcome! You're not alone - we've got about ten members of this cohort expecting to graduate in 2031, including myself. So we are the 2031 cohort! I expect we'll separate out by year as time goes on, but I'd be sad to see this big group split up.

Congrats on the milestones, both you and Chrissy!

[Steeze]

It is always interesting seeing the stash amounts in this thread ... some people with <$100k, some with over $1M - yet we are all trying to finish up around the same time. Interesting to see if those final value converge eventually.

[aceyou]

It is always interesting seeing the stash amounts in this thread ... some people with <$100k, some with over $1M - yet we are all trying to finish up around the same time. Interesting to see if those final value converge eventually.

Possible that this will happen.  However, there are a lot of other variables that could cause them to NOT converge:

1.  People have large variations with what stache amounts they feel comfortable retiring on.  Some might have 100k and others 1000k and both be one here with the same 2030 date, because the former wants a 1million dollar stach and the latter wants a 3 million dollar stache. 

2.  2030 is a nice round number.  so, many will move to a different thread when they get closer to the actual date. 

I'm in this thread, and will either a) retire in June 3031, or b) will retire much sooner.  So, for me personally, there's virtually a zero percent chance I retire in this exact year, but its a round number that splits the difference a bit:)

[Steeze]

Fair points - 2030 was definitely the round number at the time I joined. These days I am aiming for 2027, but it is hard to tell. Even the FIRE number seems to fluctuate 1M, 1.25, 1.5, 2M ... depends what kind of day I am having. We are going to hit our barebones number some time in 2023 at around $900k + paid off house ($300k). Going to be really hard to keep pushing after that. I’m ready to coast.

[TomTX]

There is no 2031 FIRE Cohort, and I figure it's better to be an optimist, so 2030 it is. My back may give out by then. Anyhow, let's keep fighting the good fight!

Welcome! You're not alone - we've got about ten members of this cohort expecting to graduate in 2031, including myself. So we are the 2031 cohort! I expect we'll separate out by year as time goes on, but I'd be sad to see this big group split up.

Congrats on the milestones, both you and Chrissy!

So, not trying to get anybody to OMY from 2030(!) - but it's not hard to start a new cohort thread. I did it for 2027, which I have since abandoned for 2023ish. Not gonna wait that long.

1) Post thread
2) Ping areblespy to get listed on the sticky post.
3) Profit! Or something. ;)

https://forum.mrmoneymustache.com/welcome-to-the-forum/'class-of'cohort-what-year-will-you-fire/

[rebel_quietude]

Hello everyone! I hope you're all closing out the year healthy, challenged, and in the company of loved ones.

I'm going to have plenty of time to put out an updated list of this cohort at the end of the year, so this is a bat-signal to the lurkers out there (you know who you are).

If you think there may be the smallest chance you're down to join this group for a projected retirement between 2029 and 2031, post on here or DM me and I'll wrap you into our year end roster.

Things are fuzzy enough so far out that I'm going to keep including (those I already have) in 2029 and 2031 until a) 2025 or b) someone requests removal.

[soulpatchmike]

I had been planning for 2032, but the latest for me is 2029 now.  There is a path to 2025 LeanFIRE, but likely will not do that with kids still in HS.

[catbend]

Hello all, we're Class of 2030! I'm pretty excited and also nervous about the possibility. It's looking like husband and I will have over 3M by then and we are pretty sure we can live comfortably on roughly 90k.  I'll be 50 so occasionally I have thoughts about how will I keep myself busy? What would part time contractor work look like? I could live 50 more years.  Anyway. it IS good to have goals, it is good to write them down and it's good to revisit them regularly.  Cheers to my fellow classmates. 

[DadJokes]

		Projected		|		Actual
Year	Net Worth	Investments	% to FI	|	Net Worth	Investments	% to FI
2018	-	-	-	|	60.9k	19.8k	1.3%
2019	-	-	-	|	136.9k	80.4k	5.4%
2020	203k	134k	9%	|	227.8k	149.5k	11.1%
2021	284k	198k	13%	|	331.8k	248.3k	16.6%
2022	420k	310k	20%	|
2023	520k	380k	25%	|
2024	630k	460k	30%	|
2025	740k	550k	37%	|

I made some slight goal adjustments and took out projections for years past 2025. With inflation, I don't suppose that $1.5 million will still be the target number by 2030. With spending increases this year, it's looking less likely that we'll hit even the current target number by 2030. However, I suspect that my wife will want to continue working, so I still might be able to retire by then.

[Chrissy]

Update!

2015:  $604k, got married
2016:  $724k, Warrior Princess arrived
2017:  $860k
2018:  $900k, Chunky Baby arrived
2019:  $977k
2020:  $1.180M
2021:  $1.618M

Invested:  $981k
529s:  $162K
Cash:  $64k

The remainder is a car, and our house is paid-off and worth $400k.

[Steeze]

Update!

2015:  $604k, got married
2016:  $724k, Warrior Princess arrived
2017:  $860k
2018:  $900k, Chunky Baby arrived
2019:  $977k
2020:  $1.180M
2021:  $1.618M

Invested:  $981k
529s:  $162K
Cash:  $64k

The remainder is a car, and our house is paid-off and worth $400k.

Dang, 440k! By 2030 you are going to be loaded! Congrats on a stellar year

[MrsSpendyPants]

I was aiming for 2034 but looks like 2030 may be possible.

We went up 300k in 2021.  Really aiming to save one person's earners income in 2022 but we'll see how realistic that ends up being....

[Chrissy]

Update!

2015:  $604k, got married
2016:  $724k, Warrior Princess arrived
2017:  $860k
2018:  $900k, Chunky Baby arrived
2019:  $977k
2020:  $1.180M
2021:  $1.618M

Invested:  $981k
529s:  $162K
Cash:  $64k

The remainder is a car, and our house is paid-off and worth $400k.

Dang, 440k! By 2030 you are going to be loaded! Congrats on a stellar year

Thanks, @Steeze .  Yeah, this year was an outlier.  Aside from the crazy stock market, we had a $90k family loan forgiven.  It was used for renovating our home in '19/'20.  We also unexpectedly received $5k from my parents.

The current spreadsheet shows, with savings + 7% growth/yr, we'll be at $3.37M by [the end of] 2030.

[Mgmny]

2019 Year End Update

X= Yearly Expenses
2017 - Stache at 1x   $50,000 - Ending Balance $63,000
2018 - Stache at 2x   $100,000 - Ending Balance $165,000 = 3.3x expenses (Missing account got added to personal capital, so historical data is accurate)
2019 - Stache at 2.5x   $150,000 - Ending Balance $236,000 =   4.7x expenses
2020 - Stache at 4x   $200,000
2021 - Stache at 6x  $300,000
2022 - Stache at 8x   $400,000
2023 - Stache at 10x   $500,000
2024 - Stache at 12x   $600,000
2025 - Stache at 14x   $700,000
2026 - Stache at 16x   $800,000
2027 - Stache at 18x   $900,000
2028 - Stache at 20x   $1,000,000
2029 - Stache at 22x   $1,100,000
2030 - Retire by end of year with 25x yearly expense rate $1,250,000

2020 year end update!

X= Yearly Expenses
2017 - Stache at 1x   $50,000 - Ending Balance $63,000
2018 - Stache at 2x   $100,000 - Ending Balance $165,000 = 3.3x expenses (Missing account got added to personal capital, so historical data is accurate)
2019 - Stache at 2.5x   $150,000 - Ending Balance $236,000 =   4.7x expenses
2020 - Stache at 4x   $200,000   ending balance $365,000 = ~7x expenses
2021 - Stache at 6x  $300,000
2022 - Stache at 8x   $400,000
2023 - Stache at 10x   $500,000
2024 - Stache at 12x   $600,000
2025 - Stache at 14x   $700,000
2026 - Stache at 16x   $800,000
2027 - Stache at 18x   $900,000
2028 - Stache at 20x   $1,000,000
2029 - Stache at 22x   $1,100,000
2030 - Retire by end of year with 25x yearly expense rate $1,250,000

Net worth today is $587,000.

2020 was a bad year for salary for us, but we stayed the course and maxed out all tax advantaged accounts. 2021 here we come!

2021 year end update!

Wow, what a wild ride 2021 was! I really didn't realize the progress we made, because we did the unthinkable, and took out about $55k from Roth this year to help fund a new home purchase (GASP!!!). It was probably not a wise financial move at all, but we are really really excited about the new house and it will be a good move for us in the end.


X= Yearly Expenses
2017 - Stache at 1x   $50,000 - Ending Balance $63,000
2018 - Stache at 2x   $100,000 - Ending Balance $165,000 = 3.3x expenses (Missing account got added to personal capital, so historical data is accurate)
2019 - Stache at 2.5x   $150,000 - Ending Balance $236,000 =   4.7x expenses
2020 - Stache at 4x   $200,000   ending balance $365,000 = ~7x expenses
2021 - Stache at 6x  $300,000 Ending balance: $452,000 = 9x expenses
2022 - Stache at 8x   $400,000
2023 - Stache at 10x   $500,000
2024 - Stache at 12x   $600,000
2025 - Stache at 14x   $700,000
2026 - Stache at 16x   $800,000
2027 - Stache at 18x   $900,000
2028 - Stache at 20x   $1,000,000
2029 - Stache at 22x   $1,100,000
2030 - Retire by end of year with 25x yearly expense rate $1,250,000

NW: $899,000. Wow, this is the really dramatic number - up from 2020 year end of 587,000 a $300,000 swing! Holy smokes! A lot of it is in real estate now though, as we technically own 2 houses (will be selling one in the next month or two though), so depending on how that shakes out, could swing by 50k either way (or more!).

Let's go 2022!!

[401Killer]

MAY 27, 2020
I'll play! 41y/o SINK.

NW = $495k
Invested = $306k ($290 401k - $15k Roth)
House Value = ~$195k
Cash = $25K
Debt = $44k House

DEC 27th, 2020
NW = $584k
Invested = $387k ($364 401k - $22k Roth)
House Value = ~$204k
Cash = $19.5K
Debt = $42.4k House

Updated!
42y/o SINK.

NW = $702k
Invested = $470k ($439k 401k - $32k Roth)
House Value = ~$234k
Cash = $23K
Debt = $-36k House

JAN 5th, 2022
NW = $751.4k
Invested = $516.5k ($471k 401k - $34k Roth, VG Personal $3.7k, HSA $7.9k)
House Value = ~$227k
Cash = $18K
Debt = $30.3k House

Broke 3/4!

[PVD_Kev]

I am planning on 2030 here too! My stash will not be so big as others - about $1M in liquid assets + about $450 in real estate - but I will also have no debts to speak of as of sometime this year (paying off $180k mortgage on the home) and will be eligible for SS in 2030 so the numbers seem to work.  I am also privileged to inherit some wealth at some point in the next 20 years but I am not factoring that in. Let's go!

[startingsmall]

We're still targeting 2030, although there's some potential variability. I'm self-employed and can basically dial my workload/income up or down as desired, so it's possible that I'll start scaling back in the next couple of years... which could push our official FIRE date out a bit. Also, our current target number ($2 million in liquid accounts, exclusive of home equity) is probably more than we really need, especially given that we'll likely downsize our home and we're both likely to continue at least some degree of income-generating work in our "retirement." So I say 2030, but really I should probably be saying 2030ish.... because we'll just see how things go.

Current total NW = $873k. Excluding home equity, our FIRE funds are at $685k.

[TyGuy]

I hope everyone is making forward progress in 2022, I'll update here at the end of March for a 6-month check-in!

[DadJokes]

Ha, negative progress so far, but you can't hope for the bull market to last forever!

[Yanisimo]

Great news. The spouse and I may actually retire in 2030!! I joined this cohort knowing that the numbers told me we would retire in 2032. I joined anyway hoping it would somehow give me the willpower shave off those 2 years. After meeting with a retirement representative offered by my employer, I was given the thumbs up that our plan will indeed allow us to retire 10 years from now with an extra $400K above our desired #. That gave me the motivation to log in to Mint and look at our monthly expenses for the first time in 1.5 years. Within those 1.5 years, my income increased while our expenses stayed roughly the same. I track our net worth every month and haven't noticed the increase in savings because the market volatility makes it look like we are progressing very little. With our updated savings rate of 58% and current net worth, we can retire in 8 years. I had lunch with some coworkers the same day I met with the retirement representative, and they casually remarked that I still have 40+ years before I can retire. I'm so thankful they're wrong. 

[change_seeker]

Great news. The spouse and I may actually retire in 2030!! I joined this cohort knowing that the numbers told me we would retire in 2032. I joined anyway hoping it would somehow give me the willpower shave off those 2 years. After meeting with a retirement representative offered by my employer, I was given the thumbs up that our plan will indeed allow us to retire 10 years from now with an extra $400K above our desired #. That gave me the motivation to log in to Mint and look at our monthly expenses for the first time in 1.5 years. Within those 1.5 years, my income increased while our expenses stayed roughly the same. I track our net worth every month and haven't noticed the increase in savings because the market volatility makes it look like we are progressing very little. With our updated savings rate of 58% and current net worth, we can retire in 8 years. I had lunch with some coworkers the same day I met with the retirement representative, and they casually remarked that I still have 40+ years before I can retire. I'm so thankful they're wrong.

Congratulations @Yanisimo !!