Poll

What's your CURRENT % of your Target Passive Income as of EOY 2018?

< 0%: I'm Bleeding money
2 (0.8%)
0 to 5%
21 (8.7%)
5.01 to 10%
10 (4.1%)
10.01 to 20%
23 (9.5%)
20.01 to 30%
33 (13.7%)
30.01 to 40%
25 (10.4%)
40.01 to 50%
23 (9.5%)
50.01 to 60%
14 (5.8%)
60.01 to 70%
18 (7.5%)
70.01 to 80%
9 (3.7%)
80.01 to 90% and FIREd
3 (1.2%)
80.01 to 90% and NOT FIREd
18 (7.5%)
90.01 to 100% and FIREd
2 (0.8%)
90.01 to 100% and NOT FIREd
8 (3.3%)
100.01 to 110% and FIREd
6 (2.5%)
100.01 to 110% and NOT FIREd
5 (2.1%)
110.01% and up, and FIREd
11 (4.6%)
110.01% and up, and NOT FIREd
8 (3.3%)
FIREd, other %
2 (0.8%)

Total Members Voted: 239

Voting closed: February 06, 2019, 08:56:21 PM

Author Topic: What's your CURRENT % of your Target Passive Income as of EOY 2018?  (Read 12706 times)

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #50 on: January 10, 2019, 07:34:30 PM »
12.8% are FIRED or FIRE-ready.    We need to hear from more folks!

2Birds1Stone

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #51 on: January 10, 2019, 08:38:02 PM »
Activity and participation on the boards have ebb'd and flowed with the market, it seems.


SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #52 on: January 10, 2019, 08:54:56 PM »
Activity and participation on the boards have ebb'd and flowed with the market, it seems.

You may be right!

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #53 on: January 10, 2019, 09:02:42 PM »
Activity and participation on the boards have ebb'd and flowed with the market, it seems.
We're pretty diversified.    Between several different index funds for stocks, some US bonds, some farmland and homes we rent out, and some social security, we've tried to spread our risk around.   

So even though we FIRED midway thru last year, we actually had our net worth go up (a small amount) last year.   

When we're renovating a house to rent out, I consider it worth what we paid for it until it's rent-ready.  Then I take into account the value all the improvements made to the value of the house.   Our End-of-Year Net Worth would have gone up another $33K if we had finished repairing rental #4 in December instead of later this month.

Think about that!   We not only quit both our jobs half way thru the year, but we now have more wealth than we did at the start of the year -- and that's in a market that went down a bit for the year.

Is this a great country or what!!??

Fomerly known as something

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #54 on: January 11, 2019, 04:45:55 AM »
Just broke into the 10-20% range.  I am a Index investor and am counting dividends only as yearly returns in the market is too short a time period as proven last year.

ETA:  Just removed my vote, I'm way above the 10-20% range based on total plan.  I don't have the coffee in me to figure it out right now.
« Last Edit: January 11, 2019, 04:47:45 AM by Fomerly known as something »

2Birds1Stone

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #55 on: January 11, 2019, 05:40:16 AM »
@SwordGuy, it sure is!!

I'm lucky enough that my firehose of cash and relatively low assets allowed for a 15% NW increase for 2018, despite losing quite a bit in the market.

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #56 on: January 11, 2019, 01:30:06 PM »
@SwordGuy, it sure is!!

I'm lucky enough that my firehose of cash and relatively low assets allowed for a 15% NW increase for 2018, despite losing quite a bit in the market.

@2Birds1Stone , funny, 'cause I think I'm lucky to have my NW drop by lots when the market drops.  :)

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #57 on: January 12, 2019, 09:49:34 PM »
As of today I am at 107%, not FIRED.  This includes the 17% loss of stache since the end of September.   

I am starting to figure that my planned SWR is over-conservative and I really can do a straight up 4% without worries.  If I go as I hoped I will be 50 and according to the recently posted death chart I might only need 36 years of money instead of my expected later exit.  Lucky that!  /sarc.   

Interesting phenomenon though, with the market flopping around I am doing new analyses and getting some confidence back on how I could still go as planned rather than wait OMY.  The trip through the chaos has helped me get tuned up on my plan.  I have been re-reading some inspirational stuff and trying to get a grip. 

Sheesh, my posts are giving me whiplash-- Will she?  Won't she?  Tune in tomorrow and see if Nancy gets off the pot.

@MissNancyPryor , is you is or is you ain't?

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #58 on: January 13, 2019, 10:25:54 PM »
I didn't participate in 2016, but in 2017 I was in the 80-90% and not FIREd group.  After the drop we're at either 90-100% or 100-110% and not FIREd, depending on our budget update and the withdrawal rate we finally decide we're comfortable with.  I voted as 90-100% and not FIREd because I would probably be ok but very nervous if I actually did something worthy of the Epic FU money thread.

@FIRE 20/20 , yeah, I found my tolerance for bullshit started to dramatically drop in the last couple of years I worked.   Thankfully, we're done with that.

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #59 on: January 14, 2019, 10:00:49 AM »
Halfway to getting the same number of people voting as last time.   Get your votes in! :)

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #60 on: January 15, 2019, 11:17:58 AM »
I was touching right at 100% at the top of the market and closer to 90% now, though its all fairly grey as I'm still trying to settle on what my target income is.
@Much Fishing to Do ,
Where has the recent up-tick in the market put you?

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #61 on: January 16, 2019, 11:19:35 PM »
Look guys, if you want this poll to get a lot of votes, it has to stay near the top of the list in its category.  That means it needs to be posted to every day until polling closes on5-Feb. 


Y'all aren't giving me much to work with...   Include some background to go with your vote!

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #62 on: January 17, 2019, 03:25:34 PM »
Currently, 14.6% are either FIRED or FIRE-ready.   

politenessman

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #63 on: January 17, 2019, 06:15:17 PM »
We started this journey later in life, and figure we can just about retire at age 60-62 and pick up our social security, which will help us, so not counting the SS, the wife and I are at about 40-45%.
FI should be in about 4-5 years, with retirement at about 60 for the wife and 62 for me.
All of this depends on a lot of things, so we'll see how that works out. Luckily we both like what we do...

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #64 on: January 17, 2019, 07:48:45 PM »
We started this journey later in life, and figure we can just about retire at age 60-62 and pick up our social security, which will help us, so not counting the SS, the wife and I are at about 40-45%.
FI should be in about 4-5 years, with retirement at about 60 for the wife and 62 for me.
All of this depends on a lot of things, so we'll see how that works out. Luckily we both like what we do...

Very cool!   I FIRED at 60 (learned the info MMM shares late in life) so I totally get where you're at.

Make sure your FIRE plans work with just one person's SS.   Use the other person's SS as a safety buffer or for fun money.   That's because if one of you dies, the smaller of the two SS checks will disappear. :(   For some reason I almost never see that mentioned in the FIRE literature...

One of the cool things about being on the FIRE path is that it's so flexible once you get a bit of momentum built up.

Stocks keep going up for the next 5 years?  Woot!    You'll fire with more money!

Stocks go down for the next few years but you keep investing?   Woot!   You'll fire with more money!

As long as your FIRE date is a bit flexible, it literally is a win-win situation.

JZinCO

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #65 on: January 18, 2019, 10:33:28 AM »
Since joining MMM in 2015 when i was somewhere around -0.5% to 0.5% I have seen my % go up about 4.5% annually (so that means I am at 18% now). I wonder how much of that was market growth...
I have to say I picked a withdrawal rate of 4%, generating 40K, even though I haven't ever spent more than 24K in my life (just planning for hiccups in life!). So I could be much closer to my goal... or not.
« Last Edit: January 18, 2019, 10:36:59 AM by JZinCO »

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #66 on: January 18, 2019, 06:59:39 PM »
Since joining MMM in 2015 when i was somewhere around -0.5% to 0.5% I have seen my % go up about 4.5% annually (so that means I am at 18% now). I wonder how much of that was market growth...
I have to say I picked a withdrawal rate of 4%, generating 40K, even though I haven't ever spent more than 24K in my life (just planning for hiccups in life!). So I could be much closer to my goal... or not.

So, @JZinCO , 18% of the way to a Fat FIRE and 30% to a Lean FIRE.  Not bad for 3-4 years!

secondcor521

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #67 on: January 18, 2019, 09:07:58 PM »
274% and FIREd.

JZinCO

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #68 on: January 18, 2019, 11:51:30 PM »
Since joining MMM in 2015 when i was somewhere around -0.5% to 0.5% I have seen my % go up about 4.5% annually (so that means I am at 18% now). I wonder how much of that was market growth...
I have to say I picked a withdrawal rate of 4%, generating 40K, even though I haven't ever spent more than 24K in my life (just planning for hiccups in life!). So I could be much closer to my goal... or not.

So, @JZinCO , 18% of the way to a Fat FIRE and 30% to a Lean FIRE.  Not bad for 3-4 years!
Thank you! The encouragements on this forum mean alot, especially from those like you who have accomplished much. Sometimes it feels like watching water boil.
Kudos to everyone else!

FIRE 20/20

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #69 on: January 19, 2019, 11:19:05 AM »
I didn't participate in 2016, but in 2017 I was in the 80-90% and not FIREd group.  After the drop we're at either 90-100% or 100-110% and not FIREd, depending on our budget update and the withdrawal rate we finally decide we're comfortable with.  I voted as 90-100% and not FIREd because I would probably be ok but very nervous if I actually did something worthy of the Epic FU money thread.

With the market growth since I posted this, a minor reassessment (downward) to our FIRE budget, plus contributions we're now about 110% of our target.  I'm feeling more and more confident about pulling the plug in a few months. 

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #70 on: January 19, 2019, 07:46:32 PM »
I didn't participate in 2016, but in 2017 I was in the 80-90% and not FIREd group.  After the drop we're at either 90-100% or 100-110% and not FIREd, depending on our budget update and the withdrawal rate we finally decide we're comfortable with.  I voted as 90-100% and not FIREd because I would probably be ok but very nervous if I actually did something worthy of the Epic FU money thread.

With the market growth since I posted this, a minor reassessment (downward) to our FIRE budget, plus contributions we're now about 110% of our target.  I'm feeling more and more confident about pulling the plug in a few months.
Yeah @FIRE 20/20 !!!!   Did you sign up on the 2019 Cohort thread?

Much Fishing to Do

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #71 on: January 19, 2019, 07:57:24 PM »
I was touching right at 100% at the top of the market and closer to 90% now, though its all fairly grey as I'm still trying to settle on what my target income is.
@Much Fishing to Do ,
Where has the recent up-tick in the market put you?
Like the market in general about half way back to the top, so about at 95% using the same target numbers.  BUt I'm also starting to believe that target was higher than needed so maybe its really more like 100% now anyway.

FIRE 20/20

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #72 on: January 20, 2019, 07:54:33 AM »
I didn't participate in 2016, but in 2017 I was in the 80-90% and not FIREd group.  After the drop we're at either 90-100% or 100-110% and not FIREd, depending on our budget update and the withdrawal rate we finally decide we're comfortable with.  I voted as 90-100% and not FIREd because I would probably be ok but very nervous if I actually did something worthy of the Epic FU money thread.

With the market growth since I posted this, a minor reassessment (downward) to our FIRE budget, plus contributions we're now about 110% of our target.  I'm feeling more and more confident about pulling the plug in a few months.
Yeah @FIRE 20/20 !!!!   Did you sign up on the 2019 Cohort thread?

Yep, I signed up for the 2020 thread back in 2016 and moved into the 2019 cohort thread in 2017.  4 more months! 

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #73 on: January 20, 2019, 08:41:14 PM »
I didn't participate in 2016, but in 2017 I was in the 80-90% and not FIREd group.  After the drop we're at either 90-100% or 100-110% and not FIREd, depending on our budget update and the withdrawal rate we finally decide we're comfortable with.  I voted as 90-100% and not FIREd because I would probably be ok but very nervous if I actually did something worthy of the Epic FU money thread.

With the market growth since I posted this, a minor reassessment (downward) to our FIRE budget, plus contributions we're now about 110% of our target.  I'm feeling more and more confident about pulling the plug in a few months.
Yeah @FIRE 20/20 !!!!   Did you sign up on the 2019 Cohort thread?

Yep, I signed up for the 2020 thread back in 2016 and moved into the 2019 cohort thread in 2017.  4 more months!


I don't know how to explain that this is possible, but that 4 months will go incredibly fast and take forever all at the same time.

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #74 on: January 20, 2019, 08:42:09 PM »
I didn't participate in 2016, but in 2017 I was in the 80-90% and not FIREd group.  After the drop we're at either 90-100% or 100-110% and not FIREd, depending on our budget update and the withdrawal rate we finally decide we're comfortable with.  I voted as 90-100% and not FIREd because I would probably be ok but very nervous if I actually did something worthy of the Epic FU money thread.

With the market growth since I posted this, a minor reassessment (downward) to our FIRE budget, plus contributions we're now about 110% of our target.  I'm feeling more and more confident about pulling the plug in a few months.
Yeah @FIRE 20/20 !!!!   Did you sign up on the 2019 Cohort thread?

Yep, I signed up for the 2020 thread back in 2016 and moved into the 2019 cohort thread in 2017.  4 more months!

I don't know how to explain that this is possible ,but  that 4 months will go both incredibly fast and take absolutely forever at the same time.

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #75 on: January 21, 2019, 07:19:07 PM »
Currently at 13.4% FIRED or FIRE-ready.

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #76 on: January 23, 2019, 04:56:16 PM »
274% and FIREd.


Wow, @secondcor521 !   274%!!!     Did you fire some years back and your stash has grown in the bull market?

secondcor521

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #77 on: January 23, 2019, 07:33:41 PM »
274% and FIREd.


Wow, @secondcor521 !   274%!!!     Did you fire some years back and your stash has grown in the bull market?

I retired in February 2016.  There are several reasons for the large number.

First, I hit my FIRE number somewhere in 2014 but was still enjoying the job and liked the additional safety factor, so I kept working another two years.

Second, I made a conservative assumption that I would earn no money (except portfolio income like dividends) after FIRE.  This has not been the case - I currently receive about 1.25% of my FIRE stash in what I call non-portfolio income - this directly reduces my WR.

Third, as you note, I retired at a fortunate time vis-a-vis the markets.  My portfolio, which is mostly VTSAX, is up perhaps 25% since I retired.

Fourth, I've found that some of my spending was stress-related.  As I FIREd and my stress level dropped, the spending associated with that stopped as well.

Fifth, now that I'm FIREd I can optimize some of my spending even more just because I have the time to do so.  I don't need to, but it's a game I like to play.  For example, I flew to my sister's house for Thanksgiving.  The flight back home on a Monday would have been about $300.  I stayed until Wednesday since I didn't have to be back at work and flew home for about $50.  My auto insurance has dropped since the miles I drive are fewer.  My utilities should drop over time as I do home improvement projects such as improve the insulation and so forth.

As a general rule, I'm extraordinarily conservative and enjoy not spending money probably more than I enjoy spending money most of the time.  I also claim to be nervous about my three kids' college expenses that are coming up over the next several years, but that may turn out to be an excuse to be uber safe.  Finally, I am unimaginitively boring, so paying $1 or $2 to play bridge for an afternoon or $5 for a Starbucks coffee is my idea of blowing dough.

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #78 on: January 23, 2019, 08:25:09 PM »
... Finally, I am unimaginitively boring, so paying $1 or $2 to play bridge for an afternoon or $5 for a Starbucks coffee is my idea of blowing dough.

And yet I read your story with great interest...

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #79 on: January 24, 2019, 07:09:24 PM »
I'm curious.    Would any of you switch categories on a 10% change in the market (up or down)?

EnjoyIt

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #80 on: January 24, 2019, 09:28:54 PM »
I'm curious.    Would any of you switch categories on a 10% change in the market (up or down)?

Yes, it would definitely place us in a different category.

2Birds1Stone

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #81 on: January 25, 2019, 02:42:30 AM »
Yup, my core expenses = $12k/yr

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #82 on: January 25, 2019, 08:50:06 AM »
Yup, my core expenses = $12k/yr


Wow.   $12K!!??    That's really low.   I know one person whose core expenses would be that low and his rent's about to go up.  (I know because he's a left-over tenant in a duplex I bought.)

Zaga

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #83 on: January 25, 2019, 04:35:16 PM »
Yes because we're on the edge of the next category.

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #84 on: January 25, 2019, 07:09:45 PM »
Only 10 more days for folks to get their votes in!!!

2Birds1Stone

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #85 on: January 28, 2019, 03:14:57 AM »
Wow.   $12K!!??    That's really low.   I know one person whose core expenses would be that low and his rent's about to go up.  (I know because he's a left-over tenant in a duplex I bought.)

Yup! I'm more ERE than MMM :)

$550 - Rent (Includes water/electric/heat/WiFi)
$120 - Insurance (Car/Renters)
$120 - Groceries
$100 - Health/Hygiene
$80 - Gas
$20 - Gym
$10 - Car Registration/Oil Changes

$1k/month total.

Then you add in stuff like gifts/charity, travel, entertainment, etc and for 2018 spending was still ~$17k

mak1277

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #86 on: January 28, 2019, 11:29:16 AM »
135% at the end of December.  One more year (golden handcuffs) and I'll be done.

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #87 on: January 29, 2019, 08:25:25 AM »
135% at the end of December.  One more year (golden handcuffs) and I'll be done.

@mak1277, I understand that!   Just don't make it 2 more years!!! :)

EnjoyIt

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #88 on: January 30, 2019, 03:05:01 PM »
Yup, my core expenses = $12k/yr


Wow.   $12K!!??    That's really low.   I know one person whose core expenses would be that low and his rent's about to go up.  (I know because he's a left-over tenant in a duplex I bought.)

Our property tax alone is more than that. Property tax in our state is very high compared to national average. We will likely move in the next few years.

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #89 on: January 31, 2019, 10:21:39 AM »
Only a few more days to get your data into this poll!

Bird In Hand

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #90 on: January 31, 2019, 01:36:48 PM »
I was touching right at 100% at the top of the market and closer to 90% now, though its all fairly grey as I'm still trying to settle on what my target income is.

We're in the same boat re: target income.  Our known expenses will fluctuate a fair amount over the next couple decades as the kids move in and out of college.  Beyond that there is a lot of uncertainty about health care costs, how much we may want to spend on travel, etc.

Based on 4% SWR, our investments cover between 64%-98% of our target income.  So I'll pick 77% and vote accordingly.

EnjoyIt

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #91 on: February 01, 2019, 02:31:50 PM »
Market has been good so I amended by vote 1 notch down.

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #92 on: February 03, 2019, 05:52:31 PM »
Poll ends in a couple of days.

letired

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #93 on: February 03, 2019, 07:27:44 PM »
I'm right around 40% and I voted on the low side.

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #94 on: February 04, 2019, 01:25:15 PM »
I'm right around 40% and I voted on the low side.

40% is serious progress!


A couple of years of bad market returns while you continue to invest and you'll suddenly, when the market rebounds, you'll be way higher than you expected!  :)

fattest_foot

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #95 on: February 04, 2019, 02:55:33 PM »
The 2016 poll I had us at 30-40%, last year at 40-50%, and for 2018, unfortunately, also 40-50%.

That said, as of today (beginning of February), we're in the 50-60% vote. We were there earlier in 2018 as well, but that December drop cost us about $40k.

I'm expecting that for next year we'll be able to bump up again to the 60-70%.
« Last Edit: February 04, 2019, 03:29:27 PM by fattest_foot »

letired

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #96 on: February 04, 2019, 04:52:12 PM »
I'm right around 40% and I voted on the low side.

40% is serious progress!


A couple of years of bad market returns while you continue to invest and you'll suddenly, when the market rebounds, you'll be way higher than you expected!  :)

It sure is! Since I've been floating back and forth across the cutoff the past few months, I picked low.

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #97 on: February 05, 2019, 02:36:44 PM »
Tomorrow is the last day of the poll.   Get your answer in pronto and check back in the evening for the final results!

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #98 on: February 06, 2019, 05:28:05 PM »
Almost out of time to vote!

SwordGuy

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Re: What's your CURRENT % of your Target Passive Income as of EOY 2018?
« Reply #99 on: February 06, 2019, 09:23:19 PM »
15.3% are FIRED or FI.

And a bunch of people who are making some serious progress towards FIRE.