How Close to FI are you? What's your CURRENT % of your Target Passive Income?

[SwordGuy]

Today is your last chance!

Otherwise you'll have to wait for the next poll in January 2018!

[Bird In Hand]

There's a bit of guesswork because our expenses could be quite a bit different than expected in retirement (health insurance cost is a big wildcard).  But based on current expenses, we're at ~76%.  If I add in an extra 10% buffer in the budget, we're at 68%.  If we had to live in a van down by the river ($41k/yr), we're at 100% now.

[SwordGuy]

Final tally, about 30% of us are halfway or better to their target number.

[Monkey Uncle]

There's a bit of guesswork because our expenses could be quite a bit different than expected in retirement (health insurance cost is a big wildcard).  But based on current expenses, we're at ~76%.  If I add in an extra 10% buffer in the budget, we're at 68%.  If we had to live in a van down by the river ($41k/yr), we're at 100% now.

Wow, $41k/yr only gets you a van down by the river?  That's close to my FIRE number, and I live in a 2,600 sf house.  Must be a HCOL area, I guess?

[Bird In Hand]

Wow, $41k/yr only gets you a van down by the river?  That's close to my FIRE number, and I live in a 2,600 sf house.  Must be a HCOL area, I guess?

Hah, well I may have exaggerated a little.  It's a moderately HCOL area, we have a family of 5, and some of our discretionary spending is also non-Mustachian.  Around $8,000 annually for property tax & insurance.  $4,000 for electric and heat, > $15,000 for groceries -- look, we're already at $27k.

I think we could live in our current house on $41k, but it would require some very careful planning and much more austerity than a LCOL area.

[SwordGuy]

a family of 5, ... $15,000 for groceries

Wow, that's kind of high, isn't it?    I bet you could cut that by $500 a month by checking out some of the threads on this forum and trying their ideas.

A friendly suggestion only, not a face punch. :)

[Bird In Hand]

a family of 5, ... $15,000 for groceries

Wow, that's kind of high, isn't it?    I bet you could cut that by $500 a month by checking out some of the threads on this forum and trying their ideas.

A friendly suggestion only, not a face punch. :)

Yeah, it's definitely high.  We buy a lot of fresh produce, much of it from farmer's markets in the warmer months, and most of the meat we buy is from local farmers.  Those two account for a big chunk of our grocery bill, and we're not willing to budge much on those.  We could probably chip away at our grocery bill around the edges, but I think we're +/- stuck with it until the kids have left the nest.