The Money Mustache Community

General Discussion => Share Your Badassity => Topic started by: englyn on May 02, 2016, 12:54:31 AM

Title: Halfway!
Post by: englyn on May 02, 2016, 12:54:31 AM

At current spending rate, and current asset valuation: I am 51% of the way to my FI number.

Woohoo!

(using 5% withdrawal rate, with safety nets of a large travel budget that could be optional if need be and also that I've no intention of never earning any more money after FI)

If I kept up exactly what I'm doing now and the stock market averages its long term average, I would be FI by 2020. However, neither of those things is all that likely to happen...

Title: Re: Halfway!
Post by: mrcheese on May 02, 2016, 01:25:34 AM

good stuff!

Title: Re: Halfway!
Post by: nereo on May 02, 2016, 06:16:18 AM

Quote from: englyn on May 02, 2016, 12:54:31 AM

At current spending rate, and current asset valuation: I am 51% of the way to my FI number.

Congrats.  Also - if your savings are 51% of your FI number you are way more than half-way. It's an exponential relationship - all things equal the second half of saving should take substantially less (about half the time) as aquiring the first half.

Title: Re: Halfway!
Post by: HappierAtHome on May 02, 2016, 06:45:41 AM

Congrats englyn!!

Title: Re: Halfway!
Post by: TravelJunkyQC on May 02, 2016, 07:02:31 AM

Awesome, congrats!!

Title: Re: Halfway!
Post by: limeandpepper on May 02, 2016, 08:47:53 AM

Fantastic!! 2020 is not far away at all!!