Author Topic: 2027 FIRE Cohort  (Read 6274 times)

wstackable

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Re: 2027 FIRE Cohort
« Reply #50 on: October 15, 2017, 09:23:33 AM »
Looking at September 24th, 2027 for the big day... I'll be turning 40!

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Roe

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Re: 2027 FIRE Cohort
« Reply #51 on: October 15, 2017, 10:56:05 AM »
Looking at September 24th, 2027 for the big day... I'll be turning 40!

Perfect day to do it!

Just make sure it's your first day of FIRE, not your last day at work ;)

Beans&rice, my love!

fuzzy math

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Re: 2027 FIRE Cohort
« Reply #52 on: October 15, 2017, 07:48:54 PM »
Welp, I'm going to post here because 2027 is what my current (quite conservative) calculator says now. Health insurance is a factor naturally, and we don't know if we'll end up with a kid, so there are a lot of unknowns. But HI!

Welcome to the a-decade-away group!

We need a more inspirational catch phrase! A decade sounds soooo long away. Only 2.5 more months til 9 yrs!
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Roe

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Re: 2027 FIRE Cohort
« Reply #53 on: October 16, 2017, 09:33:48 AM »
Welp, I'm going to post here because 2027 is what my current (quite conservative) calculator says now. Health insurance is a factor naturally, and we don't know if we'll end up with a kid, so there are a lot of unknowns. But HI!

Welcome to the a-decade-away group!


We need a more inspirational catch phrase! A decade sounds soooo long away. Only 2.5 more months til 9 yrs!

Given your username I hoped for something more...creative!
Beans&rice, my love!

talltexan

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Re: 2027 FIRE Cohort
« Reply #54 on: October 16, 2017, 11:40:17 AM »
You guys are very high-energy, sign me up!

Age 37, $330,000 invested in my own retirement accounts.

Mustachio Bashio

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Re: 2027 FIRE Cohort
« Reply #55 on: November 02, 2017, 12:13:05 PM »
Joining in here as well.  I'm in the 2030 group, but this is really my goal.  Do you guys use a specific calculator to figure out your date?  The retirement tracker on Personal Capital or maybe the calculator from Mad Fientist?  Your own?  My goal is by my 43rd bday in August of 2027.  I'm aiming for a stash of 750k in accordance with MMM's rules with 25x 30k.  It's more than I typically use a year, but no kids yet, and I love to travel, so figure a bit more flexibility is nice.  I'd be down to work part-time as well, so I guess this leaves me some leeway.  Right now I'm at 230k with almost all of it in investment accounts (401k, IRAs, HSA, taxable).  I'm in Denver, so it's tempting to buy a house with my bf with the market so hot and so many people moving here every month, but we'll wait a bit, since we're hoping to spend at least 6 months working remotely internationally.  Fingers crossed that works out.  Thinking about staying with my current company that's not the greatest just because I've basically gotten to the point where I can work fully remotely since most of my team doesn't live here.  I'm not really sure how the bf and I will figure out our expenses together as time goes on, but he just paid off the rest of his student loans, which is really exciting.  So many things up in the air, but less than ten years till FIRE sounds doable.  Can't come soon enough... I discovered MMM about a year ago, and I only wish I'd known about this way of life sooner!

talltexan

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Re: 2027 FIRE Cohort
« Reply #56 on: November 02, 2017, 01:13:55 PM »
To answer how I figured out my retirement data, 2027 is so far away that I cannot be convinced a retirement calculator is useful for me.

But the MMM goal seems to be retirement in 10-years, so I figure that spending time on here will bring it closer. Starting from zero, this should be possible if you save about 60% of your income http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/.

TomTX

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Re: 2027 FIRE Cohort
« Reply #57 on: November 02, 2017, 01:28:28 PM »
To answer how I figured out my retirement data, 2027 is so far away that I cannot be convinced a retirement calculator is useful for me.

But the MMM goal seems to be retirement in 10-years, so I figure that spending time on here will bring it closer. Starting from zero, this should be possible if you save about 60% of your income http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/.

Sure. Though the timing of market corrections, etc will shift the actual date around a lot.
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Roe

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Re: 2027 FIRE Cohort
« Reply #58 on: November 02, 2017, 04:11:58 PM »
I stuck my finger in the air to feel what way the wind is blowing, tossed some chicken bones on the ground, walked backwards in circles at an intersection in moonlight and then used the numbers from the license plate of the car that hit me in the dark.
Beans&rice, my love!

fuzzy math

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Re: 2027 FIRE Cohort
« Reply #59 on: November 02, 2017, 08:14:37 PM »
I've used a bunch of savings calculators and they all have been roughly this time frame. Downloaded an app a while back called Pretirement and finally opened it today. Without ant contribution from DH (student), were 11 years out. When he's finally working I hope to be under 10
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Mustachio Bashio

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Re: 2027 FIRE Cohort
« Reply #60 on: November 02, 2017, 11:43:26 PM »
I stuck my finger in the air to feel what way the wind is blowing, tossed some chicken bones on the ground, walked backwards in circles at an intersection in moonlight and then used the numbers from the license plate of the car that hit me in the dark.

Hahaha I like the way you do things. 

And good stuff.  Yea, I want to have a bit more leeway than what I'm currently using, since I'll hopefully have a kid and want to have some extra cash for their activities and general existence, plus lots of travel.  Personal Capital gives me about 10 years if I save around 36k, which is definitely doable.  Mad Fientist's had me at a bit over 7 yrs.  I'm hoping for the latter ;)  7 years sounds kinda ridiculous to me in the best way.

talltexan

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Re: 2027 FIRE Cohort
« Reply #61 on: November 20, 2017, 06:52:52 AM »
Update: changed all my retirement account elections to aggressive. Sold about $10,000 in bonds, and moved them to stock funds (50% US; 50% international).

Having a horizon of ten years away means I can afford to take a little more risk.