Author Topic: 2030 FIRE Cohort (Read 207457 times)

dodojojo · « **Reply #550 on:** June 06, 2020, 09:11:50 AM »

Quote from: rebel_quietude on June 06, 2020, 07:24:54 AM

@dodojojo, the 2030 Fire cohort will release you at 2359 on 31 December, 2030, and not before. Once you're in, we don't let you go...

In all seriousness, good luck. I'm casting to the universe thoughts of your finding something better than what you're leaving, with awesome co-workers, reasonable hours and a nice benefits.

LOL, okay. Looks like I'm obligated for the rest of year.

Yeah, all the years on this board and the numerous times using FI calculators--in the back of the mind, the lingering fear was that the most likely roadblock to FI was a stretch of unemployment. Now it's at my doorstep. I admit I'm in a morass--hoping I can get things in gear this weekend. Frankly, I wouldn't mind a little bit of time off. Just fear long term unemployment. So many unknowns with 2020. I am, of course, grateful that being semi-MMM means I'll be okay for awhile. Just hate the thought of a break in contributing to my retirement accounts.

dodojojo · « **Reply #551 on:** June 06, 2020, 09:16:06 AM »

BTW, how do you @poster name and skip quoting? Thanks.

x02947 · « **Reply #552 on:** June 08, 2020, 07:38:17 AM »

@dodojojo, just type in the @ and then start typing in their username. It will give you a list of names to choose from- just type in their full username and it will be the only one.

Good luck!

dodojojo · « **Reply #553 on:** June 08, 2020, 10:18:21 AM »

@x02947 Thank you!!!

401Killer · « **Reply #554 on:** June 10, 2020, 08:13:37 AM »

@x20947

Thanks! Since that post I'm up to $509k! I set to max my HSA last week as well. So, 401k, Roth IRA and HSA fully funded. =D

dodojojo · « **Reply #555 on:** June 23, 2020, 05:48:10 PM »

Officially staying on the 2030 (aspirational) train. I was saved by the hair on my chinny chin chin--still gainfully employed and still contributing to my 401K.

Road2Freedom · « **Reply #556 on:** June 24, 2020, 06:14:51 AM »

Quote from: dodojojo on June 23, 2020, 05:48:10 PM

Officially staying on the 2030 (aspirational) train. I was saved by the hair on my chinny chin chin--still gainfully employed and still contributing to my 401K.

Congrats regarding your job!

My wife actually quit hers in April, because it was pretty toxic / working obscene hours, and started a new one a few weeks later. Best part is it is hourly and pays more than her old salaried position. I thought she was crazy, since she'd been applying for several months without luck, but the stars aligned.

Steeze · « **Reply #557 on:** June 24, 2020, 07:31:03 AM »

Quote from: dodojojo on June 23, 2020, 05:48:10 PM

Officially staying on the 2030 (aspirational) train. I was saved by the hair on my chinny chin chin--still gainfully employed and still contributing to my 401K.

Awesome!!! Congratulations!

haypug16 · « **Reply #558 on:** June 30, 2020, 09:29:22 AM »

Not sure if I'm going to reach my year end goal of getting my stache to 4x living expenses. I've been hanging out around 2.7x for most of the first half of the year.

Road2Freedom · « **Reply #559 on:** June 30, 2020, 06:58:38 PM »

Quote from: Road2Freedom on June 29, 2017, 06:18:10 PM

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).

Yesterday marked the 3-year anniversary of entering the group and crazy to see how much things have changed. It has also definitely been an interesting year thus far. I survived a couple rounds of layoffs, but business is slower and on pace to make a lot less this year. The only nice thing is I may get to stay 100% remote. It is nice not having to commute to work and get up earlier.

My wife left her job in April but got lucky and found a much better opportunity within a few weeks. Best part is the pay is slightly higher and it is hourly so there will be OT.

Those changes may result in not being able to invest as much as I anticipated this year. My company limits your contribution % per pay period so it makes it tougher since I'm on commission with a recoverable draw. My wife's company has a 90-day probation period before you can contribute so we're looking at almost 120 days without contributions. It's not the end of the world, but I hate missing attainable goals.

I also got the sports card collecting / investing bug again and have been buying for the last year. The market has been crazy and the items I've bought have seen a healthy increase. I've been tracking purchases and look forward to seeing some realized gains soon.

I can't wait to see what the next year brings.

haypug16 · « **Reply #560 on:** July 08, 2020, 07:01:38 AM »

Mid year 2020 update
X= Yearly Expenses
2017 - Stache at 1.17x - Ending Balance $29,448.59
2018 - Stache at 1.41x - Ending Balance $35,167.30
2019 - Stache at 2.628x - Ending Balance $65,693.78
2020 - Stache at 2.7x - Current Balance $68,782.41

Not much higher that end of 2019 so I'm not sure if I'll make my goal of 4x but I am still investing what I can and it is growing slowly so I am happy with that at least.

Mgmny · « **Reply #561 on:** July 08, 2020, 07:27:05 AM »

Quote from: Mgmny on December 16, 2019, 07:55:23 AM

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

I'll follow Haypug and do a mid-year update!

2020 Mid-Year Update

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 Current Balance: $290,000. Stache at 5.8x
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

Considering we front-load most of our tax-advantaged investments (already maxed 1 401k, family HSA, and almost another 401k), we're doing OK for this year. Going into 2020 we had a pretty healthy $36,000 "lead" on the plan, but 2020 markets have seen much volatility, so we'll see how it shakes out!

KBecks · « **Reply #562 on:** July 08, 2020, 07:40:56 AM »

This is probably our cohort. Age 59.5? Kids will all be out of the house and making their way in the wordl? It's good to have a target. Posting to follow. Launching the kids is the big endeavor. NW is in pretty good shape, absent health catastrophe or other catastrophes.

DadJokes · « **Reply #563 on:** July 08, 2020, 08:08:53 AM »

Sure, a mid-year update sounds fun.

Year	Net Worth	Investments	% to FI
2018	60,898	19,812	1.32%
2019	136,893	80,418	5.63%
7/1/20	169,495	102,378	7.16%
Projected
2020	203k	134k	9.4%
2021	284k	198k	13.7%
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%

2030 is still a long shot, but when I ran the numbers 6 months ago, we were only projected to be 67% FI by 2030, so we are moving in the right direction.

dogboyslim · « **Reply #564 on:** July 09, 2020, 01:15:52 PM »

At year end I had 201 days/year of retirement funded. Through the worst it dropped down to 170 days, and now I'm back up to 204 days. Full funding projected 7/2025. Then 4.5 years of cushion for another event like this one.

Eco_eco · « **Reply #565 on:** July 14, 2020, 10:21:45 PM »

Its great to hear how everyone is getting on.

Here's my midyear update.

Year	% to FI
7/2018	25%
7/2019	39%
7/2020	54%

We have made some considerable progress this year by upping our savings rate dramatically, and because most of our investments are in property rather than stocks. Property hasn't yet had a dramatic fall.

Some other things I've been doing to keep focused are:

I've given up on budgeting and instead have set up transaction accounts for every category of our budget. Each week our spending money is automatically transferred to the various accounts that I've set up, and then we spend out of them. This works like an envelope system but avoids having to track transactions. Psychologically it works for me as I can see the money as we spend it from each category and know when to stop.
I've set up a mini target of a fund to pay for our cellphone costs. I found myself wanting a new iPhone and so decided I can have one when I've saved up 25x the purchase price spread over four years. So assuming I plan to have a new phone that costs $2,000 every four years I can have one when I have a mini-fund that that will give off $500 a year (ie a fund of $12,500). So far I've saved $4,500 in this fund, having a small target makes it much easier than the big million dollar goal
I've also set up mini-funds for the kids. We put in $100 a week per child, which will mean we've contributed around $50,000 each over the next ten years, which will ensure they are well set up for young adulthood (we don't have to save for college in my country). With two kids it means we are giving up $100,000 of capital, which we won't really notice if we keep working for the next ten years, but it should be transformational for them as they start out on adulthood. It also creates an emergency buffer if they have unforeseen costs.

Steeze · « **Reply #566 on:** August 02, 2020, 08:02:58 PM »

Today I realized that I have enough saved for DW and I to retire at 60 y.o. as long as we covered our expenses between now and then. That’s not accounting for social security at all either.

Feels good to know we have our older selves taken care of.

Road2Freedom · « **Reply #567 on:** August 03, 2020, 07:09:33 AM »

Quote from: Steeze on August 02, 2020, 08:02:58 PM

Today I realized that I have enough saved for DW and I to retire at 60 y.o. as long as we covered our expenses between now and then. That’s not accounting for social security at all either.

Feels good to know we have our older selves taken care of.

Congrats and that has to feel awesome!

haypug16 · « **Reply #568 on:** August 07, 2020, 08:57:31 AM »

Quote from: Eco_eco on July 14, 2020, 10:21:45 PM

I've set up a mini target of a fund to pay for our cellphone costs. I found myself wanting a new iPhone and so decided I can have one when I've saved up 25x the purchase price spread over four years. So assuming I plan to have a new phone that costs $2,000 every four years I can have one when I have a mini-fund that that will give off $500 a year (ie a fund of $12,500). So far I've saved $4,500 in this fund, having a small target makes it much easier than the big million dollar goal

I love this idea of mini target funds! Knowing that you have one catagory checked off for life seems very motivating.

haypug16 · « **Reply #569 on:** August 07, 2020, 09:46:30 AM »

I just had a lovely realization. Assuming we either stay in our current home or use the money from the sale to purchase a new home without increasing our mortgage I can lower my target number since our mortgage will be paid off at most 3 years after retirement. It may get paid off a bit sooner but 3 years is the most. In this case I am at 3x yearly expenses as of today (was 2.87) a little bit closer :D

YarnBudget · « **Reply #570 on:** August 09, 2020, 06:35:27 PM »

Hello, all! I'm finally ready to declare membership in the 2030 cohort!

I remember reading through this thread some time maybe in late 2018 and wanting to join in--don't know why I didn't, maybe 2030 just seemed too far away to really commit.

But I've just read through again and you all are so inspiring, I just had to join in!

Anyway, I'm plugging along currently, saving as much as I can while I can. Single 29-year-old woman living in a suburb of Boston. My shiny new but small part-time salary is $38k this year and I live almost rent-free with my parents in exchange for helping them around the house and providing occasional medical care, so I'm on track to save over $28k of that (well, "saving"--I've been maxing my IRA and then putting everything extra towards paying off my student loans; once those are gone next year I'll be investing all of it). I'm anticipating my spending in retirement will be under $25k/year, but I'm kind of just guessing at that number after estimating eventual housing costs, and I'll bump it up more if need be.

I have a lot of uncertainty around my future spending since I have so few expenses right now, but I'm fairly certain I will remain single and won't need a car, and I am absolutely certain that I will never have children, so that helps eliminate additional complications.

Right now I have $78k in savings and investments and $21k left on the student loans, so my net worth is at $57k.

My goal is to make it to 2.75x my FIRE expenses ($68,750) by the end of the year, but we'll see how the markets behave...

Steeze · « **Reply #571 on:** August 09, 2020, 06:44:02 PM »

@YarnBudget congrats on the 10-year plan!! Welcome to the cohort!

haypug16 · « **Reply #572 on:** August 10, 2020, 07:08:45 AM »

Welcome @YarnBudget , I'm also very close to Boston, about 15 mins North, so Hi neighbor. : )

wbarnett · « **Reply #573 on:** August 10, 2020, 01:43:21 PM »

I would love to hear about the various withdrawal strategies of people in this cohort. I know there are separate threads for this type of thing, but we're all in the same FIRE cohort so it's more relevant to ask you all.

Short description of my plan:
- Accumulate 5+ years of living expenses in taxable accounts. Hopefully LTCG tax rates stay low (currently 0% for MFJ under $78k, which is more than our annual expenses).
- Start rolling over 401k money into Roth IRA during those 5 years. These rollovers are taxed as income, but if I can stay in the income bracket dictated by the drawdown above then the tax hit is lessened.
- After 5 years, start drawing on the contributions (actual and rollover) from the Roth IRA. Continue 401k rollover as needed.

Steeze · « **Reply #574 on:** August 10, 2020, 06:58:57 PM »

Will have about 40% of stash in taxable.
Dividends should be about 25% of expenses.
Will take 1 yr in cash.
Then start a 5 year Roth conversion ladder up to LTCG threshold
Replenish cash in January from taxable
Use Roth after taxable is exhausted
Social security at 62

Plus - try to make money still, mow some lawns, flip some houses, teach ski lessons - just whatever feels right. Not the type to never make money again - maybe up to 16 hrs a week of paid work will suit me and cover most of my bills.

NoMoWork · « **Reply #575 on:** September 02, 2020, 08:23:19 PM »

My first post (rookie)...I've been reading for years. Wife and I are planning to FAT FIRE in 2030. Hoping to move this up if the market continues to behave.

Steeze · « **Reply #576 on:** September 03, 2020, 09:48:44 AM »

Quote from: NoMoWork on September 02, 2020, 08:23:19 PM

My first post (rookie)...I've been reading for years. Wife and I are planning to FAT FIRE in 2030. Hoping to move this up if the market continues to behave.

Welcome!

Mgmny · « **Reply #577 on:** September 03, 2020, 11:24:12 AM »

Quote from: NoMoWork on September 02, 2020, 08:23:19 PM

My first post (rookie)...I've been reading for years. Wife and I are planning to FAT FIRE in 2030. Hoping to move this up if the market continues to behave.

WOW! You post this yesterday and the market dives today. Way to jinx it for everyone!!

;)

Sanitary Stache · « **Reply #578 on:** September 30, 2020, 07:52:55 PM »

I can’t tell if I have already signed up for a cohort. Probably not since there is never a cohort thread in my “replies to your posts” page.

I went through my current budget and salary and made year by year projections out to 2032. When the mortgage matures. I good to only get more frugal and to get better at both saving and supplementing income over the next 10 years. And to move my FIRE date down to 2030.

Ideally we would get expenses down to $24,000/year sans mortgage.

I’ll be 47 in 2030. The oldest will be 14. I would continue to earn money somehow once FI in order to buy things for the kids. Send them to camp and take them international.

TomTX · « **Reply #579 on:** October 01, 2020, 05:09:08 AM »

Quote from: Eco_eco on February 26, 2020, 12:24:09 AM

Something interesting (at least for me) has how badly we have arranged our retirement income sources. A large part of our net worth is tied up in the house we currently live in - which I’m not sure the kids would ever want us to sell, and we also have a large chunk in funds which can’t be accessed before age 65 (around 500k). We also have a largely property based approach to FI and our rental portfolio will kick into high gear later in life when the debt is all finally discharged. This means our 50s will be relatively tight on income, but we will have large amounts of income (over 200% of our fatfire income requirements) coming on stream for our golden years.

Since this didn't seem to generate any discussion, I'll go ahead and comment despite the lag time from posting.

If you need more equity out of real estate and don't want to sell, the next option is to do a cashout refi. Rates are super low, and longer loan terms mean more cashflow in the meantime.

I'm curious which type of funds can't be accessed before 65 - having $500k in an HSA seems improbable.

Eco_eco · « **Reply #580 on:** October 04, 2020, 11:33:09 AM »

Quote from: TomTX on October 01, 2020, 05:09:08 AM

Since this didn't seem to generate any discussion, I'll go ahead and comment despite the lag time from posting.

If you need more equity out of real estate and don't want to sell, the next option is to do a cashout refi. Rates are super low, and longer loan terms mean more cashflow in the meantime.

I'm curious which type of funds can't be accessed before 65 - having $500k in an HSA seems improbable.

We are in New Zealand and don’t have the same tax advantaged retirement accounts as are available in the US. We have a universal pension which is paid to all citizens from aged 65 (similar to social security in the US). We also have a national superannuation savings scheme called KiwiSaver which people can contribute to. Funds in KiwiSaver are locked up until aged 65. Contributions are matched for the first 3% so if you put it 3% of your salary your employer is required to also put in 3%. There is also a government contribution of about $500 a year.

My wife and I have contributed to superannuation since we started working about 25 years ago, these have rolled into our KiwiSaver accounts which are now well funded.

Since I posted this back earlier in the year we’ve moved on to using a bucket strategy to plan out the years from aged 50 to 90. This divides our income into several large buckets and forecasts the capital we will need to maintain our lifestyle, with each bucket coming due in more or less 5 year lots. This has been a really helpful way to map out our asset allocation and targets. This has helped our decisions about when and how to release equity from our investment properties.

Our approach is based on the idea mapped out here:
https://retirementincomejournal.com/article/a-bucketing-strategy-for-m-t-knestors/

rebel_quietude · « **Reply #581 on:** October 20, 2020, 07:54:04 AM »

All right, everyone! I've owed you this for a while, so here it is: ROLL CALL!!!

As of today, our decade out 2030ish cohort has a record 126 members. That will obviously shift over the next few years as people refine their plans, but still . . . pretty awesome.

Some of you posted ages in your initial intros, and some didn't. I kept track of those that did since the last roll call, but haven't included here. My initial instinct is to exclude ages because everyone has their own timeline, and FIRE is a huge accomplishment regardless of when it happens - but including FIRE age on the roll call is certainly up for debate if you're all interested.

If there's someone I've left out, or your dates have changed, feel free to PM me to get it updated.

Without further ado, I give you . . . the class of 2030!

[a]bort      2030
10dollarsatatime   2031
2bfree     2030
401killer   2030
A fella from Stella   2030
aceyou    2031
Aelias    2030
AfricanMustache   2030
Aggie1994   2030
Alf91    2030
Anatidae V    2030
BeautifulDay    2030-2033
Blazinblasian   2030
Bobberth   2030
BobMueller   2030
Brandon1827   2030
BrokenBiscuits    2030
BruceWayne   2030
Btag84    2030
Bumbles8   2030
change_seeker   2030
CheapScholar    2030-2021
Chrissy   2030
Coffeefueled   2028-2030
Cornel_Westside   2027
cs2print   2030
DadJokes   2030-2034
daymare   2030
DebtFreeinPhilly   2025-2030
DeskJockey2028    2028 to 2032
Distshore    2030
Dodojojo   2030
dogboyslim   2030
dreadmoose   2030
dsw   ?
Eco_eco   2030
Engineer93   2030
erae   2030
Eric222   2030
Erma    2030-2033
Eventuality   2030
Evildunk99   2030
Fastfwd    2025-2030
FiguringItOut    2030
Finances_With_Purpose   2025 to 2030
FIreDrill   2030
FireHiker   2025, Congrats!
FrenchStache    2030
Frs1661    2030
fuzzy math    2030
Guava    2030
Haku   2030
HappierAtHome    2030
haypug16   2030
headwinds   2030
jfisher3    2030-2033
JimboJones31    2030
jtray    2032
k_to_the_v    2030
KBecks   2030
khangaroo   2029
KisKis    2031
kittenstache    2028-2030
Lanthiriel    2030
latterdayrasta   2030
LazyBones    2030
Letsdoit   ?
Livethedream    2028-2030
Lucky Ricardito   2032
Longwaytogo   2030
meerkat    2030-2033
Mezzie   2030
Mezzie   2033
Mgmny   2028-2033
mizzourah2006    2028 to 2030
MoneyMouse   2031
MoonLiteNight    2029
moonpalace    2030-2032
MrOynx   2030
MrsGoldenPiggy    2030
msbutterbean   2030
Must_ache   ?
Mustashio Bashio   2030
Nate R    2030
NoMoWork   2030
NorthernDreamer   2030
NorthernDreamer   2030
Pinkman   2030
rebel_quietude    2030
RidentheAsama   2030
Road2Freedom   2030
rufflina    2030
runewell   2030
Rural   2030 or earlier
Samsam    2030
Sanitary Engineer   2030
Sascatchewstach   2031-2033
scipsy    2030
sea   2030
seathink   2028
Semiretired31    2031
shinn497   2030
Shooter_D   2030
skip207   2030
Slow&Steady   2030
Snow   2030
startingsmall   2030
Steeze   2030
Sur del Sur   2030
SustainableStache   2030
swick   2030
Teacherwithamustache   2030
teamzissou00   2030
Terrifictim   2030
The Viking    2030
thedigitalalone   2030
TheMoneyWizard    2027 to 2030
TightFistedScot   2030-2035
Torios   2030
Twistedfirestarter   2030
VanteBoll    2032
VCaddy   2030
VTD0918    2030
wbarnett   2030
WGH   2031
X02947   2031
YarnBucket   2030

Saskatchewstachian · « **Reply #582 on:** October 20, 2020, 01:34:09 PM »

Quote from: rebel_quietude on October 20, 2020, 07:54:04 AM

All right, everyone! I've owed you this for a while, so here it is: ROLL CALL!!!

......

Love the list and thanks for compiling Rebel.

I had to go back and find my first post on this thread from 2017 to see what I was forecasting for 2030 and it's amazing how things can change in a few years. I was previously estimating NW of ~2Mil in 2031 however when I look at my numbers today for the year 2030 I get a NW of anywhere from 2.5M - 3.0M if I go with 4% or 7% returns over the next decade. Either way it's significantly higher than my projections from a few years ago.

2030 would mean I'm FIREing at 39 so who knows if I'll be ready or not but will have the FI piece down at the very least.

mwulff · « **Reply #583 on:** October 28, 2020, 02:00:46 AM »

Ok, I guess it's time to step up to the plate....

I am joining the 2030 Fire cohort. Because if I don't set a retirement date then I will probably never retire.

So this is it. On the 23rd of december 2029 I will walk out of a regular job for the last time.

I am in this weird situation where I could technically quit today but feel no desire to leave my job at this point in my life. My wife is a doctor who works 3 days a week and loves it. Her income alone is around twice what we need for a very very very comfortable life.

On top of that you can add my salary as a government employee (manager/developer) and things go from ridiculous to outright insane pretty quickly.

So why haven't I retired? Good question, I guess one of the answers is that I think I would be lonely. I'm 43 and all my friends are still working, so I'd be lost for things to do during weekdays. I'm also very extrovert and have a very high need to be around people and my job provides that (with some of the best coworkers anybody could wish for).

So right now we are in a coast-fi mode where the stache just grows and grows and we have a high degree of personal freedom. Also my job has a high degree of freedom and I basically get to set my own hours and take days off when I want (provided I don't overdo it).

But it has to end sometime and when you close doors sometimes more exciting doors open in front of you. So I'm joining the 2030 cohort and the clock is ticking.

startingsmall · « **Reply #584 on:** November 11, 2020, 06:56:56 AM »

We're still tentatively targeting 2030, although my projections suggest we'll actually reach FI in 2027/2028. It's crazy to look back at my old posts and see that we're actually ahead of schedule!

Steeze · « **Reply #585 on:** November 19, 2020, 06:27:23 PM »

There are 2380 business days left until 2030.

Anyone planning on calling it quits right at the beginning of the year, or will you try to time it out with bonuses/ raises / vacation time / 401k contributions?

I’m thinking I will work the first quarter of the final year and max the 401k and IRA, take a paid vacation, get all the medical exams I can.

I get a big bonus before Christmas - part of me just wants to get the bonus, go to the holiday party, then never go back.

PDXTabs · « **Reply #586 on:** November 19, 2020, 06:32:40 PM »

Quote from: Steeze on November 19, 2020, 06:27:23 PM

Anyone planning on calling it quits right at the beginning of the year, or will you try to time it out with bonuses/ raises / vacation time / 401k contributions?

I'm nominally 2029, but it would be around November 2029 due to child commitments. So, I'll probably actually be Jan 1, 2030 to get those last few paychecks in 2029.

haypug16 · « **Reply #587 on:** November 23, 2020, 11:58:57 AM »

Quote from: Steeze on November 19, 2020, 06:27:23 PM

There are 2380 business days left until 2030.

Anyone planning on calling it quits right at the beginning of the year, or will you try to time it out with bonuses/ raises / vacation time / 401k contributions?

I think I will at least stay until Bonuses are paid out. If I stick with my current employer that will be in April. It's hard to say this far out if I'll stay longer than that. I guess it'll come down to if I've hit my number yet. I will want to max out my 401k too. So that may bring me closer to summer time.

aceyou · « **Reply #588 on:** November 25, 2020, 12:29:34 PM »

So, yesterday was pretty cool.

Net Worth    $1,000,865
Roth IRA     $233,078
Trad IRA     $309,095
Stache Total    $542,173
Pensions    $242,006
Life Insurance    $19,301
House Equity    $181,285
Cars    $6,000
Cash    $10,100

Accrual · « **Reply #589 on:** November 25, 2020, 12:32:33 PM »

What the hell - I am in.

Mgmny · « **Reply #590 on:** November 25, 2020, 12:40:36 PM »

Quote from: aceyou on November 25, 2020, 12:29:34 PM

So, yesterday was pretty cool.

Net Worth    $1,000,865
Roth IRA     $233,078
Trad IRA     $309,095
Stache Total    $542,173
Pensions    $242,006
Life Insurance    $19,301
House Equity    $181,285
Cars    $6,000
Cash    $10,100

That's huge!!! Congratulations!!!

aceyou · « **Reply #591 on:** November 27, 2020, 03:56:55 PM »

Quote from: Mgmny on November 25, 2020, 12:40:36 PM

Quote from: aceyou on November 25, 2020, 12:29:34 PM
So, yesterday was pretty cool.

Net Worth    $1,000,865
Roth IRA     $233,078
Trad IRA     $309,095
Stache Total    $542,173
Pensions    $242,006
Life Insurance    $19,301
House Equity    $181,285
Cars    $6,000
Cash    $10,100

That's huge!!! Congratulations!!!

Thanks!

haypug16 · « **Reply #592 on:** December 01, 2020, 05:55:04 AM »

Congrats @aceyou !!!

My update with 1 month to year end;

November 2020 update
X= Yearly Expenses
2017 - Stache at 1.17x - Ending Balance $29,448.59
2018 - Stache at 1.41x - Ending Balance $35,167.30
2019 - Stache at 2.628x - Ending Balance $65,693.78
2020 - Stache at 3.43x - Current Balance $85,680.40

Goal was $100k for YE but I don't see that happening. Maybe $90k if the market continues to do well.

Goals going forward
2021 - Stache at 6x   150,000.00 (this is going to be tough!)
2022 - Stache at 8x   200,000.00
2023 - Stache at 10x   250,000.00
2024 - Stache at 12x   300,000.00
2025 - Stache at 14x   350,000.00
2026 - Stache at 16x   400,000.00
2027 - Stache at 18x   450,000.00
2028 - Stache at 20x   500,000.00
2029 - Stache at 22x   550,000.00
2030 - Stache at 25x    625,000.00

DadJokes · « **Reply #593 on:** December 01, 2020, 12:16:25 PM »

Quote from: Steeze on November 19, 2020, 06:27:23 PM

There are 2380 business days left until 2030.

Anyone planning on calling it quits right at the beginning of the year, or will you try to time it out with bonuses/ raises / vacation time / 401k contributions?

I’m thinking I will work the first quarter of the final year and max the 401k and IRA, take a paid vacation, get all the medical exams I can.

I get a big bonus before Christmas - part of me just wants to get the bonus, go to the holiday party, then never go back.

10 years from now is a long time to be thinking down to that level of detail. I probably won't know the specific details until a year or so out.

Mgmny · « **Reply #594 on:** December 01, 2020, 12:36:08 PM »

Quote from: DadJokes on December 01, 2020, 12:16:25 PM

Quote from: Steeze on November 19, 2020, 06:27:23 PM
There are 2380 business days left until 2030.

Anyone planning on calling it quits right at the beginning of the year, or will you try to time it out with bonuses/ raises / vacation time / 401k contributions?

I’m thinking I will work the first quarter of the final year and max the 401k and IRA, take a paid vacation, get all the medical exams I can.

I get a big bonus before Christmas - part of me just wants to get the bonus, go to the holiday party, then never go back.

10 years from now is a long time to be thinking down to that level of detail. I probably won't know the specific details until a year or so out.

Yeah same - really, we have no idea how the market will perform in the next 9 years, so maybe we'll all hit our FI numbers in 2028 after another "roaring 20s!" or maybe we'll have 2 years of negative 30% growth in 2028 and 2029 and we will all start targeting 2032+ - who knows!

I for one am already getting "OMY syndrome," and it's still 9 years out!

Nate R · « **Reply #595 on:** December 01, 2020, 01:42:06 PM »

Quote from: DadJokes on December 01, 2020, 12:16:25 PM

Quote from: Steeze on November 19, 2020, 06:27:23 PM
There are 2380 business days left until 2030.

Anyone planning on calling it quits right at the beginning of the year, or will you try to time it out with bonuses/ raises / vacation time / 401k contributions?

I’m thinking I will work the first quarter of the final year and max the 401k and IRA, take a paid vacation, get all the medical exams I can.

I get a big bonus before Christmas - part of me just wants to get the bonus, go to the holiday party, then never go back.

10 years from now is a long time to be thinking down to that level of detail. I probably won't know the specific details until a year or so out.

Agreed, I chuckled when I read that one. 2020 should be enough to teach us that it's hard to plan to that level that far ahead!

401Killer · « **Reply #596 on:** December 01, 2020, 02:40:59 PM »

Quote from: 401Killer on May 27, 2020, 09:57:23 AM

I'll play! 41y/o SINK.

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

Wow, update numbers below! Was a good year. =D

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

Steeze · « **Reply #597 on:** December 01, 2020, 04:12:27 PM »

Quote from: Nate R on December 01, 2020, 01:42:06 PM

Quote from: DadJokes on December 01, 2020, 12:16:25 PM
Quote from: Steeze on November 19, 2020, 06:27:23 PM
There are 2380 business days left until 2030.

Anyone planning on calling it quits right at the beginning of the year, or will you try to time it out with bonuses/ raises / vacation time / 401k contributions?

I’m thinking I will work the first quarter of the final year and max the 401k and IRA, take a paid vacation, get all the medical exams I can.

I get a big bonus before Christmas - part of me just wants to get the bonus, go to the holiday party, then never go back.

10 years from now is a long time to be thinking down to that level of detail. I probably won't know the specific details until a year or so out.

Agreed, I chuckled when I read that one. 2020 should be enough to teach us that it's hard to plan to that level that far ahead!

It’s a curse really. Couldn’t tell you what I’m going to do for dinner tonight. Too busy formulating detailed plans for 10 years from now :)

wbarnett · « **Reply #598 on:** December 02, 2020, 01:14:33 PM »

Quote from: aceyou on November 25, 2020, 12:29:34 PM

So, yesterday was pretty cool.

Net Worth    $1,000,865
Roth IRA     $233,078
Trad IRA     $309,095
Stache Total    $542,173
Pensions    $242,006
Life Insurance    $19,301
House Equity    $181,285
Cars    $6,000
Cash    $10,100

Wow, that's awesome! I know that you have a long journal thread, but I haven't kept up much. Curious about how you ended up with $230k in a Roth IRA over 5 years? Some sort of rollover?

Aelias · « **Reply #599 on:** December 03, 2020, 03:15:37 PM »

It's been a minute since I posted here, so I figure it's time for an update.

There's a lot of good news to report. The first is that we're fully halfway to our extremely conservative, Bogleheads-worthy, big rolls of belly FatFire number and, as a result, are expecting to be fully done by 2028 and perhaps even a littler sooner if the stock gods continue to smile on us.

The other good news is that some of the big questions of life have been answered this year. We had our third child last fall and are definitely done -- no more "what if" about another child. We also pulled the trigger on a vacation home on land in country. This has been a dream many years in the making and, with interest rates crazy low and finding the right place, we jumped on it. We're planning to use it as a short-term rental eventually to defray some of the costs, but that's not essential to our plan, and we will probably put that off for a bit just to enjoy it ourselves.

The less good news is that 2020 has been a tough year for both of us job-wise. We're both still employed and everyone is healthy, so we are grateful for that. But doing the two remote working parents with remote school for two kids and on-and-off daycare for nine months has led to strained work relationships and serious burnout. There are a lot of mornings I wake up and think, "I cannot do this another eight years." My husband has gotten particular shit because he's taken the lead on schooling and he has one higher-up in particular that doesn't get it and, frankly, has made some pretty sexist comments about "his commitment" to his work.

On the one hand, there's a part of me that wants to just rent out the city house, move to the country, and downshift. I could totally see me doing my job remotely and my husband being the SAH parent. But I'm wary of the "grass is always greener" thinking, and it would be a big lifestyle change for all involved. We also made the mistake of falling in love with our current home and we'd have a hard time turning it over to someone else, even as a rental.

All of which is to say, I feel bad for feeling bad when most everything in our lives is awesome. I try to focus on gratitude, but it can be hard. Number one goal for the coming year has to be prioritizing our mental and physical health. Otherwise, the burnout is going to get us.

News:

Author Topic: 2030 FIRE Cohort (Read 207457 times)