Author Topic: Hit 400K today!  (Read 4724 times)

Lordy

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Hit 400K today!
« on: April 26, 2018, 03:41:34 PM »
Today is a day to celebrate: I hit the 400K (Euro) mark!

Here are my milestones so far on the journey:
April 26, 2018:           400.000 (238 days later)
August 31, 2017:        350.000 (334 days later)
October 1, 2016:        300.000 (335 days later)
November 1, 2015:     250.000 (343 days later)
November 23, 2014:   200.000

The recent speed-up is (unfortunately) not permanent.
It's mostly caused by some recent one-time events.

My target still is to hit around 600K before doing some major down-shifting.
Right now I am not sure that I can keep going four more years at this pace but the current stash gives me great piece of mind.

thesis

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Re: Hit 400K today!
« Reply #1 on: May 03, 2018, 09:04:44 AM »
Congrats!

I can't believe nobody has responded to this =O

Those are some awesome numbers. And I would agree, getting closer to 600k can expect nearly 2k per month using the 4% rule, and that's probably a safe enough amount that you can start relaxing. It's definitely a sizeable FU stash :)

Full Beard

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Re: Hit 400K today!
« Reply #2 on: May 04, 2018, 04:32:48 PM »
That's pretty awesome!!  Your stash is pretty much on autopilot now.

SwordGuy

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Re: Hit 400K today!
« Reply #3 on: May 04, 2018, 04:38:25 PM »
Congrats!



Norioch

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Re: Hit 400K today!
« Reply #4 on: May 05, 2018, 07:28:21 PM »
Congratulations!

Lordy

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Re: Hit 400K today!
« Reply #5 on: January 17, 2021, 08:11:56 AM »
Felt like it's time for an update.

June 13, 2019:           450.000 (413 days later)
December 6, 2020:     500.000 (542 days later)

As expected, things have slowed down. I took the second half of 2019 off and spend some time travelling (when that was still a thing).
Smelling the roses made me reconsider the schedule a bit. I am looking at working less and achieving my goal a bit later, rather than
going full throttle just to get there as early as possible.

April 26, 2018:           400.000 (238 days later)
August 31, 2017:        350.000 (334 days later)
October 1, 2016:        300.000 (335 days later)
November 1, 2015:     250.000 (343 days later)
November 23, 2014:   200.000

meandmyfamily

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Re: Hit 400K today!
« Reply #6 on: January 17, 2021, 12:46:08 PM »
Congratulations!!!  Is that all investments or total net worth?

KathrinS

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Re: Hit 400K today!
« Reply #7 on: January 17, 2021, 01:02:13 PM »
Congratulations, 500k is a huge milestone! Lovely to hear that you were able to take some time off before reaching your number. I've been working hard at incorporating my life goals and dreams into my current life, instead of waiting until post-FI to do so.

Lordy

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Re: Hit 400K today!
« Reply #8 on: January 18, 2021, 02:17:04 AM »
Congratulations!!!  Is that all investments or total net worth?

Roughly 75% in the market (mostly stocks, few bonds) with 25% in cash/savings.

Lordy

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Re: Hit 400K today!
« Reply #9 on: August 01, 2022, 01:26:35 PM »
Felt like posting an update to this, so here are the new numbers:

January 17, 2022:       650.000 (150 days later)
August 21, 2021:        600.000 (177 days later)
February 26, 2021:     550.000 (83 days later)
December 6, 2020:     500.000 (542 days later)
June 13, 2019:           450.000 (413 days later)
April 26, 2018:           400.000 (238 days later)
August 31, 2017:        350.000 (334 days later)
October 1, 2016:        300.000 (335 days later)
November 1, 2015:     250.000 (343 days later)
November 23, 2014:   200.000

As you can see, there was a boost right in late 2020/2021. After the market dipped due to Covid, I had moved some cash into stocks which rebounded nicely.

Pace has generally picked up and I can feel the compound interest kicking in.

While my portfolio has been "bumpy" ever since late February, my dividend stocks have hold up well, still being in the green.
I am on track to rake in around 20K in dividends this year. Next year could be the first year where I could practically live off dividends.

Being the lucky son of a gun that I am, I found a new six-figure job I actually enjoy, so I may fly past FI soon.
I haven't checked yet what my options are in terms of part-time, etc. but I am still looking at pumping the breaks a bit.

JAYSLOL

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Re: Hit 400K today!
« Reply #10 on: August 01, 2022, 01:53:04 PM »
Nice progress!  Yeah those compound gains really start to kick in hard when the market goes up with that size of stach you’ve built

Turtle

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Re: Hit 400K today!
« Reply #11 on: August 02, 2022, 11:19:54 AM »
Congratulations on your progress!  I hadn't seen your earlier posts since I wasn't actively reading at that point.

We also did an extra batch of travelling in 2019 which turned out to be fortunate timing.

Lordy

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Re: Hit 400K today!
« Reply #12 on: February 28, 2024, 02:12:10 PM »
Today marks the day that I have doubled the stash from 400K to 800K, so here is another update:

February 28, 2024: 800.000 (163 days later)
September 18, 2023: 750.000 (250 days later)
January 11, 2023: 700.000 (359 days later)

The pace has varied quite a lot between each milestone, but in 2023 I almost had enough income from dividends and interest to cover my cost of living. That brings my savings rate close to 100%.

It's really true: the wealthier you are, the harder it is to account correctly. I have probably reached these marks earlier and am most likely half way to 850, but those are good problems to have.

At this current rate, 1M seems reachable in 2025, when I will turn 45.

Felt like posting an update to this, so here are the new numbers:

January 17, 2022:       650.000 (150 days later)
August 21, 2021:        600.000 (177 days later)
February 26, 2021:     550.000 (83 days later)
December 6, 2020:     500.000 (542 days later)
June 13, 2019:           450.000 (413 days later)
April 26, 2018:           400.000 (238 days later)
August 31, 2017:        350.000 (334 days later)
October 1, 2016:        300.000 (335 days later)
November 1, 2015:     250.000 (343 days later)
November 23, 2014:   200.000

As you can see, there was a boost right in late 2020/2021. After the market dipped due to Covid, I had moved some cash into stocks which rebounded nicely.

Pace has generally picked up and I can feel the compound interest kicking in.

While my portfolio has been "bumpy" ever since late February, my dividend stocks have hold up well, still being in the green.
I am on track to rake in around 20K in dividends this year. Next year could be the first year where I could practically live off dividends.

Being the lucky son of a gun that I am, I found a new six-figure job I actually enjoy, so I may fly past FI soon.
I haven't checked yet what my options are in terms of part-time, etc. but I am still looking at pumping the breaks a bit.

JAYSLOL

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Re: Hit 400K today!
« Reply #13 on: February 28, 2024, 10:11:14 PM »
That’s awesome, congrats