Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...
whats your WR. 4% of 1.17M or less?
Hard to say because we have a lot of changes and went into permanent travelling mode, so don't know what our expenses are. Will aim to keep them below $40,000. Long term it will depend on cost of housing in whatever area we settle in.
We're in a similar situation! North of 1MM, FIRE'd, so our "race" to 2MM will be more like a slow crawl.
Unknown expenses due to travel/kids and unknown future "settling" situation.
But hey, I'd rather crawl to 2MM while not working than rocket there while working full time, personally. :D
I'd guess maybe.. 2021 or so? Could be earlier or later, depending on market returns and any contributions.
Guess it's time for an update, two years later.
April 2010: Net Worth $0
January 2015: $1MM
June 2015: FIRE'd.
January 2017 (the time of the above quoted post): 1.44MM
January 2019 (present): 1.76MM
My 2021 guess looks fairly accurate. It might happen earlier, in 2020, or later, in 2022 or after, if we see a market dip. Either way, we're not sweating it.
Our
first retire, then get rich plan is working pretty well.
Asset runaway, where it accumulates faster than you draw down on it, is pretty sweet.
Though our expenses are no longer Mustachian-level. They're a bit north of 4% of what our current stache is. I'm not sure exactly, as
I no longer track spending. They're over 3x what they were in our accumulation phase. They're optimized and in-line with our values, which is all I care about, rather than an arbitrary number.