Author Topic: 2025 Fire Cohort  (Read 49504 times)

mld

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Re: 2025 Fire Cohort
« Reply #250 on: July 17, 2018, 11:26:54 AM »
I am on the 2025 train as well... HCOL area
...
Is it 2025 yet???? Lol

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

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

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

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

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

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



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

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

mld

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Re: 2025 Fire Cohort
« Reply #251 on: July 17, 2018, 01:24:00 PM »
Thought I'd also do a quick update of the stash/situation over time as a multiple of expenses:

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

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


ardrum

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Re: 2025 Fire Cohort
« Reply #252 on: July 18, 2018, 11:06:35 AM »
Thought I'd also do a quick update of the stash/situation over time as a multiple of expenses:

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

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

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

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

oneday

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Re: 2025 Fire Cohort
« Reply #253 on: July 18, 2018, 05:16:17 PM »

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

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

BZB

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Re: 2025 Fire Cohort
« Reply #254 on: July 25, 2018, 05:47:20 PM »
Working toward hitting FIRE in 2025. Boy howdy, today at work was serious motivation...
Welp, adding to my previous comment on this thread, my team at work was just introduced to boss #6. I've only been there 5 years. I'm so ready to get out of this game but I have a way to go. I'm glad most of my work is self-guided and I'm the expert in my area, so the bosses just nod and smile when I have my update meetings with them.

CupcakeGuru

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Re: 2025 Fire Cohort
« Reply #255 on: July 26, 2018, 05:08:19 AM »
Please add me to this cohort. I will be 53 and DH 57! It could move to 2023 but DH is talking of working part time starting next year. Aiming for Full Fat Fire (FFF) in 2025.

mld

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Re: 2025 Fire Cohort
« Reply #256 on: July 27, 2018, 10:30:37 AM »
Edit: Updated to change Canadian Ben's status (Yay for OLY)!
Updated list to add Cupcake Guru :). Welcome aboard!

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

2025 Cohort with age at FIRE if Known and notes:

2Birds1Stone (38)   
Acyclist                    Nest Egg by 2025, RE later to pay for insurance
adamb (34)   
aetheldrea                April 20th 2025
afuera (34)   
AK (40s)                   Already feel R.E. by self-employed & WFH. 2025 conservative goal maybe 2021.
Anagnorisis (44)   
Anette (55 DH 55)   
ardrum   
asauer (47 SO 47)   
AusLady (46)             LT dream of working 3mo travelly 3mo and 6mo enjoying beach and yoga where she lives
AussieMoneymo (43 DW 44)   
babystache89   
Bbbent (61)   
beach2133 (43)   
BeautifulDay (46 DH 47)   
Bird In Hand (upper 40s)   
bryan995 (40)   
Bumperpuff (42)   
BZB   
carcus (59.5)   
chasingthegoodlife   
chloe1733 (41 DH 44)   
clarkfan1979 (45 DW 41)   
Cupcake Guru (53 DH 57)   Could move to 2023, but DH might go PT in 2019 so aiming for FFF in 2025.
dougules                   Official countdown 1 Feb 2025, will probably get there a bit before then.
Dragonswan   
druth                        Shooting for earlier, possibly by going semi-retired for longer.
e34bb098   
economist (34)   
EngineerYogi (36 DH 40)   
eyePod (40)   
Eyestache   
facepalm                   Latest date, earliest probably 2022
Fastfwd (50)   
Fire2025 (55)   
FL_MM   
Fomerly known as something (47)   
Frugal D (40)   
frugalecon   
G42 (55)   
geekinprogress   
golfreak12   
Gondolin (35)   
Gone_Hiking (54 DH 54)   
hettie (39 DH 43)   
highlandterrier (51 SO 51)    July 2025
hucktard                   FI by 2023  planning to work more years for kids in highschool
hunker_towards (39)           August 2025
Icecreamarsenal   
kitkat (34)   
LadyDividend   
Laura33 (58 DH 58)   
Lethie   
Linda_Norway (50 DH 53)   
Lizzaroo (52 DH 29)   
Malkynn (43)             DH will continue working until 2035
manandsea   
marty988   
messymoneymay       Feb 2025 hoping to move up
mld (36 SO 39)          Planning to switch to WFH full-time soon + Summers off starting 2021
moof   
MrSeven                      July 2025
new mustache city (38)   
oneday                      2025 is stretch goal
OthalaFehu (50)   
poniesandFIRE (41 DH 46)   Stretch for 2024 for RE by 40
Professor Ecks   
rentalnewbie (40 DH 40)   
Sandi_k (60)   
Sapphire (55 DH 56)   
SaucyAussie   
screwit (50 DH 56)   
Scrooge (44)             Aiming for 2021
Silrossi46 (55)
skiddieleet (40)         2030 might be more realistic
Slee_stack   
SoccerLounge            May not RE because job/career is super awesome
Spitfire (45)   
swashbucklinstache (36)   Likely FI 2025 rather than FIRE
sweetest (53 DH 55)   
tarheeldan (40)            Might do Peace Corp or downshift in 2023
thebeautywithout (38 DH 42)   
tj (40)   
TomTX                       Push date is 2025 current is 2027
travelawyer (43 SO 44)   
tssuila                       Likely May/June 2025
warehouse                Targeting 2024/2025
wienerdog (55)   
yourusernamehere (42 DH 54)   
Zamboni   

Moved down to earlier cohorts:

Canadian Ben (35)          Now 2019 with no PT work! (from now 2020 by aiming for very PT (40h/month) )
Need2Save (52 SO 52)    Now 2024 maybe 2023
« Last Edit: July 30, 2018, 10:07:54 AM by mld »

Lews Therin

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Re: 2025 Fire Cohort
« Reply #257 on: July 30, 2018, 09:22:22 AM »
Canadian Ben is now in 2019, with no PT work.

Yay for optimization!

mld

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Re: 2025 Fire Cohort
« Reply #258 on: July 30, 2018, 10:05:37 AM »
Canadian Ben is now in 2019, with no PT work.

Yay for optimization!

Wow you are an inspiration Canadian Ben! Way to go!!!!

highlandterrier

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Re: 2025 Fire Cohort
« Reply #259 on: July 30, 2018, 10:49:24 AM »
Passed a nice wee psychological barrier today. For the first time our passive income for the month was above our combined net income from our jobs. A freak month which doesn't mean much, but a great motivator as shows this is achievable.

Fomerly known as something

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Re: 2025 Fire Cohort
« Reply #260 on: August 02, 2018, 05:58:13 PM »
Well I'm down to 7 years of work left.  Since a 7 year car loan is now a thing I've decided to think of my remaining time as an 84 month freedom loan.

SaucyAussie

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Re: 2025 Fire Cohort
« Reply #261 on: August 03, 2018, 11:10:42 AM »
Just checking in.  Clocked under the 7 year mark on my custom F.I.R.E. calculator this week so everything is still on target.  My date has sort of bounced around between the beginning and end of July for most of the year.

I went back to school this year to work on my masters in computer science (paid for by my job).  I should graduate right around the time I retire. :)

For the record keeping, I'll be 54 for most of 2025.

marty998

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Re: 2025 Fire Cohort
« Reply #262 on: August 04, 2018, 03:51:41 AM »
I was going to ask to be added to this list, but then realised I'm already on it!

I will be 39 in 2025.

Next month my "investment" net assets will be over $400,000. I currently have $750k odd tied up in my apartment and retirement savings. Seems ridiculous... and I should be taking more risks but it's hard to get over seared memories of the GFC where I torched a lot of capital.

Slow and steady will get me there.


TomTX

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Re: 2025 Fire Cohort
« Reply #263 on: August 18, 2018, 07:08:31 PM »
I am on the 2025 train as well... HCOL area

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

Is it 2025 yet???? Lol

Yeah, that golden handcuffs is what had me in the 2027 group. I can start drawing that pension (57%), with medical. And unused leave time counts as "time served." I'm not nearly at your salary, but I did get a moderate pay bump a couple of months ago (career track title bump) - but I've put in for another position that would finally get me into (or at least close to) 6 figures. Probably won't hear much on that til November, the current occupant of that slot is hanging around another couple months.

But, I would really like to make it by 2025 - which is why I'm here. Pushes back the pension date til 2029, and reduces the percentage to 51% - and the accrued leave time just evaporates.

Oh, and since records department here likes having an age.... ;)   I would be 51 in 2025.
« Last Edit: August 18, 2018, 07:16:39 PM by TomTX »

Sandi_k

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Re: 2025 Fire Cohort
« Reply #264 on: August 19, 2018, 07:16:45 PM »
I am on the 2025 train as well... HCOL area

I will be 55 (golden handcuffs holding me till 55).   I am 48 now.

Is it 2025 yet???? Lol

Yeah, that golden handcuffs is what had me in the 2027 group. I can start drawing that pension (57%), with medical. And unused leave time counts as "time served."

Oh, and since records department here likes having an age.... ;)   I would be 51 in 2025.

Me three. My multiplier hits 2.5% of "high three years average" the day I turn 60. At that time (in 7 years), I'll have 36 years of service. 36 x 2.5% = 90% of my average paycheck.

It also includes (currently) retiree health.

With FICA (8%), mandatory pension payments (~8%) and voluntary savings (12%), parking (1%), gas for the commute (3.3%)  - that's 32% of that retiree income back in my pocket. I'll make MORE money in retirement that I do working.

That "cushion" will allow DH to retire as well - he's never made as much or saved as much, but this will take care of us both. So, 7 years, 3 weeks to go!!

Fomerly known as something

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Re: 2025 Fire Cohort
« Reply #265 on: August 20, 2018, 05:42:01 AM »
My golden albatross is for 7/17/25, 83 months.  I now have less time to work than some people have on their 7 year car loans.  Actually I realized I can play with leave if I need to and really have 82 months if I take my vacation time as terminal leave instead of cashing it out. 

Under the federal system I'm vested but until I'm eligible to retire they only count full months for the pension so I consider myself on a month to month plan.  I will only retire on the 17th of the month so if I miss it I need to work until the end of the month.  But really I'm staying at this point for the peace of mind that will be the Federal Employees Health Benefit program which I maintain in retirement.

TomTX

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Re: 2025 Fire Cohort
« Reply #266 on: August 20, 2018, 05:55:32 PM »
My golden albatross is for 7/17/25, 83 months.  I now have less time to work than some people have on their 7 year car loans.  Actually I realized I can play with leave if I need to and really have 82 months if I take my vacation time as terminal leave instead of cashing it out. 

Under the federal system I'm vested but until I'm eligible to retire they only count full months for the pension so I consider myself on a month to month plan.  I will only retire on the 17th of the month so if I miss it I need to work until the end of the month.  But really I'm staying at this point for the peace of mind that will be the Federal Employees Health Benefit program which I maintain in retirement.

To me it makes a lot more sense to use my leave time instead of just stockpiling it for a payout at the end.

wienerdog

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Re: 2025 Fire Cohort
« Reply #267 on: August 26, 2018, 12:51:56 PM »
Still ticking along at 7.81 X.

 

letsdoit

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Re: 2025 Fire Cohort
« Reply #268 on: September 08, 2018, 07:05:27 AM »
we are at assets =10x spending
7 years to FI ,  but i wanna leave space for life to play her surprising love on us

2Birds1Stone

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Re: 2025 Fire Cohort
« Reply #269 on: September 08, 2018, 11:33:55 AM »
I'm also out of this cohort.

Best case, 2019. Worst case, 2022.

TomTX

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Re: 2025 Fire Cohort
« Reply #270 on: September 08, 2018, 05:16:30 PM »
I'm also out of this cohort.

Best case, 2019. Worst case, 2022.

Congratulations! I'm straddling between here and 2027. 2025 is looking more likely lately. Of course, it could all implode ;)

This year so far has been interesting. I've been pretty settled in my job for over a decade - pay's decent but not great,  the pension will include medical*, I do a job that's important and impactful. I have professional respect. I have somewhat flexible hours and work 10 minutes from home. If there is a problem with the kid at school (or whatever) I can usually just drop things and go.

What's been interesting? Upper management crapped on my one important conference of the year. I had arranged 100% outside financing from an acceptable source and had enthusiastic support through two management levels up. Got told not to go from on high. No reasons given other than "we send too many people to conferences" Ridiculous. I am on technical committees and am one of very few owner's side representatives on an oversight board for the industry. Which meets in person once a year at the conference.  This is my ONE conference per year, and it's a real working conference.

I looked around and applied for one "moon shot" job. Didn't get it, but it did get me off my complacency.

MrsTX went back to work full time, at a short term position (~4 months) making slightly more in raw dollars than me (but no benefits).

I got a nice raise, putting me in the earnings lead again.

2 months in, they find the budget to extend MrsTX by an additional 5 months.
 
Massive management shakeup for me and the promise from upper management about significantly worse working conditions in a few years (Okay, they didn't present it that way - but we're not stupid. It's gonna suck.)

I get a title add-on commensurate with a portion of my actual duties.

I applied for another job, well within my capabilities, still in the State system, title add-on is very pertinent, should be a ~30% raise. Longer commute, but my inside information says 2 day a week WFH is standard, as is general flexibility. They also think I would be great for the job. It's also outside the domain of the upper management craziness over me currently. The State works slowly, so I don't really expect to hear anything for months. Keeping an eye out for other appealing positions that come with a nice raise.

MrsTX got an even bigger raise than I did, putting her back in the earnings lead. And she should get benefits in November. If I can take her off my insurance, that would save $350/month.

Expenditures have only gone up by the cost of child care and commute mileage - stashing rate has increased significantly.

*Pension eligible in 2027, should I work in the State system until 2027. 2029 if I leave in 2025. No later than 2033 in any event.
« Last Edit: September 08, 2018, 05:18:03 PM by TomTX »

oneday

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Re: 2025 Fire Cohort
« Reply #271 on: September 09, 2018, 12:34:08 PM »
we are at assets =10x spending
7 years to FI ,  but i wanna leave space for life to play her surprising love on us

Wise!


I'm also out of this cohort.

Best case, 2019. Worst case, 2022.

I didn't realize you were in this cohort...not surprised to see you jump to an earlier one, though :)


MrsTX got an even bigger raise than I did, putting her back in the earnings lead.

The best kind of competition.  No matter who is in the lead, you are both winning!

TomTX

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Re: 2025 Fire Cohort
« Reply #272 on: September 30, 2018, 09:56:00 AM »
Wife's been back to work this year and other than child care, we've kept the expenses down. In addition to the ~10% of my salary going into the pension, we will max out my 457 + both IRAs.

I'm officially moving from 2027 to 2025 as my "base" year for planned ER, and 2023 as my stretch goal.

Retiring 2 years sooner will push my pension/medical eligibility back by 4 years + 4 months, and (perhaps obviously) reduce the monthly payout for my pension.

No movement on the new position front, but the back channel I got was that they are unlikely to start looking at resumes until at least November, so no worries. I've kept looking for other interesting positions. If I do manage that ~30% bump, it makes 2023 quite plausible, as it would bump up the pension payout.

Hello, new home. I hope to leave you too! ;)

Neustache

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Re: 2025 Fire Cohort
« Reply #273 on: September 30, 2018, 11:09:21 AM »
I think I am joining....2025 is when I hope to quit teaching full time and just take subbing gigs. I love teaching but I don't live the 5 full day schedule!

TomTX

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Re: 2025 Fire Cohort
« Reply #274 on: September 30, 2018, 11:19:26 AM »
I think I am joining....2025 is when I hope to quit teaching full time and just take subbing gigs. I love teaching but I don't live the 5 full day schedule!
I have enjoyed teaching when I had the chance - I could probably get a part time adult education gig in my industry pretty easily. The courses are held worldwide, so that would be one way to get some travel expenses taken care of.

achvfi

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Re: 2025 Fire Cohort
« Reply #275 on: October 19, 2018, 10:35:55 AM »
I am joining this cohort as well. We are at ~360K net worth, if everything goes well we should be around a Million by 2025. I think it will be time I will reevaluate what I want to do next in my life. May be my wife will start working and I will exchange the roles. She has to build her social security credits still.

I am facing difficult situation at work, dealing with bad boss for last few months and looking forward to move on to other roles or job soon. Its been very stressful and humiliating experience. Only option I see out of it is move on with my career. This whole episode reinforced how great the FIRE movement is and has helped us prepare for unexpected. I appreciated having enough FU money so much and it put me at ease as I realized I had other options at my disposal if I wanted to leave the job or got fired.

Some positives from all this.. My SO is making increased effort to spend less and we may finally be able to keep spending within monthly budget. We are all eating at home more. I realized importance of FU money and pulled back investments a little bit until we bulk up emergency savings. I was little too aggressive on investments so far.  We only have about $24000 accessible funds, My goal is to build it to $50000 soon and reach $100000 in next 4 years. I think we can live on $30000 per year comfortably. If you have any thoughts on emergency funds, please chime in.

Cheers to FIRE and you all.

frugalecon

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Re: 2025 Fire Cohort
« Reply #276 on: October 19, 2018, 10:37:08 AM »
Counter says 333 weeks to go. That actually doesn’t seem like that long. Considering that includes 49 weeks of vacation and holidays, it really starts to seem manageable.
« Last Edit: October 19, 2018, 04:53:25 PM by frugalecon »

letsdoit

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Re: 2025 Fire Cohort
« Reply #277 on: October 22, 2018, 12:18:49 PM »
joining the group.  some family members not on board, , , but

could do it late 2025 ,  with some good fortune?

will need to figure out health insurance first, (we're american)

beach2133

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Re: 2025 Fire Cohort
« Reply #278 on: November 19, 2018, 10:18:43 AM »
Posting to follow and committed to going for 2025.

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

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

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

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

November 2018 Update:
- Housing Situation has changed that will likely mean carrying a mortgage into FIRE (and thus dramatically changed my FIRE Budget), but still on track for 2025.
- FIRE Budget - 15.13x
- 4 Phase Spending Plan funded - 83.92% Funded
  - Age 75 - 105 (I know, I know) - 100% Funded
  - Age 60 - 75 - 100% Funded
  - Age 55 - 60 - 100% Funded
  - Age 44 - 55 - 69.35% Funded
- Years to FI - 2.02

Icecreamarsenal

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Re: 2025 Fire Cohort
« Reply #279 on: December 17, 2018, 07:56:33 AM »
Are we all moving up our FIRE dates?
Optimized more, saving more, spending less, happier.

Dragonswan

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Re: 2025 Fire Cohort
« Reply #280 on: December 18, 2018, 09:40:02 AM »
Unfortunately my FIRE date is tied to my pension which is tied to my age.  If the planets perfectly align (quality step increases) and the stars twinkle in a counterclockwise direction (early out at 58) then I might be able to retire two years earlier (2023), but for now I'm still on track for August 2025 at age 60.

frugalecon

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Re: 2025 Fire Cohort
« Reply #281 on: December 18, 2018, 07:06:12 PM »
Unfortunately my FIRE date is tied to my pension which is tied to my age.  If the planets perfectly align (quality step increases) and the stars twinkle in a counterclockwise direction (early out at 58) then I might be able to retire two years earlier (2023), but for now I'm still on track for August 2025 at age 60.

You sound like you might be a Fed...I am in the same boat. I am just trying to hang on until then. It is hard in these weeks when the s#&$ really is hitting the fan.

Dragonswan

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Re: 2025 Fire Cohort
« Reply #282 on: December 19, 2018, 10:25:12 AM »
Yep, I'm a fed.  I like what I do, but I'd enjoy being mistress of my own time even better.

Laura33

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Re: 2025 Fire Cohort
« Reply #283 on: December 19, 2018, 10:44:43 AM »
Are we all moving up our FIRE dates?
Optimized more, saving more, spending less, happier.

Yes and no.  Financially, probably yes:  DD has a couple of college offers that came with significant merit aid, so we can cover everything else from what we already have saved.  So that's one significant unknown (almost) down.

Emotionally, we're probably further away.  DH is on a project that he loves, and now that RE feels more "real" because we've put an actual date on it that isn't that far away, he is really hedging and waffling about stepping away -- he says @10 years for the project to be either fully going or dead, but he's been saying that for 2-3 years at least.  And, honestly, I'm now seeing a VERY empty house in a few years, with tons more free time with no kid activities to go to), and it's making me realize that what bugs me the most about my job is the daily stress of balancing family time with work -- and that will go away once the kids do.  So I could see both of us dropping down to some version of very-part-time (primarily to have large blocks of time to travel in), but we generally like what we do and are good at it, so it may be longer before we fully quit.

Lews Therin

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Re: 2025 Fire Cohort
« Reply #284 on: December 19, 2018, 11:26:07 AM »
If it helps, I removed 6 years from mine.

I still keep this one and read it to make me smile on how much sooner I'm going to FIRE than I thought.

markbike528CBX

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Re: 2025 Fire Cohort
« Reply #285 on: December 19, 2018, 11:46:25 AM »
... snip...
I am joining this cohort as well. We are at ~360K net worth, if everything goes well we should be  I realized importance of FU money and pulled back investments a little bit until we bulk up emergency savings. I was little too aggressive on investments so far.  We only have about $24000 accessible funds, My goal is to build it to $50000 soon and reach $100000 in next 4 years. I think we can live on $30000 per year comfortably. If you have any thoughts on emergency funds, please chime in.

Cheers to FIRE and you all.

30k x1/2( 6 months) = 15k max emergency fund (cash or equivalents) = FU money. No if ands or buts, really.  Anything more is a major drag on your investments.  If if your investment plan says so then add some bonds. Now is a time to load up on equities.  Just like Sept 2008, when I did ( not the bottom, but close enough).

You asked.

Fish Sweet

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Re: 2025 Fire Cohort
« Reply #286 on: December 21, 2018, 04:47:37 PM »
Another one for the 2025 cohort.  Current savings hovering around 50%, and by kicking off my own small side business next year I'm hoping to bump that to 60%!   I'll be honest and say I don't earn much-- most of the numbers in the 'what's your job and how much do you make' thread make my eyes bug out cartoonishly, but as a late twenty-something with no debt, few obligations, determination to learn, and a frugal mindset, I think I'm well on my way!

Current stash ~150k, depending on market fluctuations.  My current spending is about ~20k a year, but we'll see if I can't cut that down a bit come 2019!

swashbucklinstache

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Re: 2025 Fire Cohort
« Reply #287 on: January 06, 2019, 06:18:57 PM »
Yah chief, sign me up. Likely as FI rather than FIRE, with a few extra years to pad on after, but so much could change from now to then. Aged 27, 8.5x current expense saved, no house, 65% or so savings rate give or take. Single, readiness-to-mingle currently TBD

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

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

Hope everyone else is on track, too.

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

2018 EOY update:
2016: 8.5x
09/2017: 10.96x
2017: 11.6x
2018: 13.65x

I'm aiming for ~45x with these numbers for FIRE (health insurance, likely lifestyle changes etc.).

How is everyone else doing as we start 2019?

SaucyAussie

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Re: 2025 Fire Cohort
« Reply #288 on: January 09, 2019, 07:35:30 AM »
After a lackluster 2018, my FIRE calculator has me barely hanging onto this cohort, pushing me back to late December '25.

On the positive side, with stocks being "cheaper", I am buying like crazy.

MrThatsDifferent

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Re: 2025 Fire Cohort
« Reply #289 on: February 21, 2019, 02:43:47 AM »
And now I think this is my crew. Sigh.

AK

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Re: 2025 Fire Cohort
« Reply #290 on: February 21, 2019, 07:54:28 AM »
At my current pace, 2022 or 2023 may be possible but I'm staying here to be conservative. After going self-employed and working with great clients, work is something I look forward to. Not obsessing about FIRE has also helped me focus on other things like getting in better shape, have lost 50 lbs, and getting into real estate too to try other ventures.