SWR milestone record

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jacob
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Post by jacob » Fri Jul 27, 2012 12:51 am

It seems to me that a lot of people have been hitting the FI/crossover point this year, so I'm making sticky thread to post SWR milestones and declarations of victory.
(Please try to keep it on-topic. No discussions. No hijacking. No celebrations. IF you want to discuss, please start another thread.)


jacob
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Post by jacob » Fri Jul 27, 2012 12:53 am

2000: No savings.

2005: 4% SWR

2010: 3% SWR (financial crisis put a brake on things, was close in 2007)

2012: 2% SWR


secretwealth
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Post by secretwealth » Fri Jul 27, 2012 3:10 pm

Although I didn't ERE--more like semi-ERE by a move from FTE to freelancing, I'll contribute.
2009: No savings.

2011: Bought an inexpensive co-op.

2012: Reached 8.3% SWR, quit hated job and started freelancing doing what I love
Of course that SWR is way too high so I'm going to keep supplementing it with freelancing until it goes down; I may also expand my expenses if the SWR crosses my comfort threshold. I'm still attached to some consumerist habits like eating in restaurants and vacations, but I do try to minimize the cost of these things by doing them intelligently (subletting the apartment while we're gone, using coupons or buying inexpensive items at cheaper restaurants, not buying into foodie hype).
What amazed me was how quickly I was able to save enough to quit my job. Before reading Jacob's book my monthly expenses were around $4000, with half going to rent to a too-big and too-luxuirious apartment that wasn't making me happy.
My wife and I cut expenses down dramatically and started saving. All of a sudden we could afford to buy a place of our own and save up enough that we don't have to worry about being on the streets or starving. Now I'm able to pursue what I love and escape a job I hated.
My goal is to lower that SWR to 4% in the next 8 years, which should be easily doable. My wife is also hoping to expand our outgoings with a bigger apartment or maybe a second house. We'll see. Fortunately, she loves working and wants to keep working, which will help both of us reach our goals.


J_
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Post by J_ » Sat Jul 28, 2012 1:58 pm

1993: mortgage

In 2000 we (DW and me) reached FI

2001: 6 % SWR

2005: 3 % SWR

2009: 2 % SWR

2011: 1 % SWR


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JohnnyH
Posts: 2007
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Location: Rockies

Post by JohnnyH » Wed Aug 01, 2012 9:24 pm

Age 18-2005: negative net

2006 ("career" begins): 60% SWR

2011: 4% SWR

8/2012: 2.2% SWR (buying a house for < few years rent really lowered my expenses. Also, had some good overtime.)

3/2013 (retirement date): *1.8% stay where I am

*1.1% move to less expensive country

*3.5% move to cosmopolitan big US city
I didn't start keeping good records until 2008/9... Should have setup an Akratic style system day 1. But when I started I hadn't heard of ERE, YMOYL, SWR or anything else really.


DutchGirl
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Post by DutchGirl » Wed Aug 15, 2012 8:28 am

2006 -10% SWR (spend consistently more than I earned)

2008 no debts anymore, 99% (S)WR (nothing safe about it, actually)

2010 60% WR

2012 40% WR
I hope to reach 20-25% next year, it's definitely speeding up.

Updates:
End of 2013 25%
End of 2014: 19%
End of 2015: 14%
End of 2016... hopefully 11%! We'll see... It's 11.5%
End of 2017: aiming for 9%
Last edited by DutchGirl on Wed Jan 18, 2017 2:49 pm, edited 5 times in total.

ICouldBeTheWalrus
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Post by ICouldBeTheWalrus » Thu Aug 16, 2012 3:22 am

Although I haven't been formally tracking it, reconstructing it from net-worth records and my recollection of my spending:
2007: 43%

2008: 33%

2009: 35% (begin job that pays a lot better than all my previous jobs)

2010: 23%

2011: 11%

2012: 6%

current (mid-2012): 8% (spent money on a house downpayment)


bibacula
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Post by bibacula » Sat Aug 25, 2012 8:42 pm

1995: No savings, no debt.

2001: Laid-off from work; decided I was FI with 5% WR.

2012: 2% WR
Last edited by bibacula on Sat Jul 26, 2014 5:55 am, edited 2 times in total.

Ed
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Post by Ed » Thu Sep 13, 2012 1:37 am

2007: Lots of debt - mostly student.

2009: Net worth of $0.

2012: Will hit 10% SWR. Woo!

2016: Hopefully 4% SWR if all goes well.


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m741
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Post by m741 » Tue Oct 02, 2012 1:35 am

As of this month, I'm now below 10% SWR, with no cost-of-living adjustment. Not great but it's getting somewhere. Was hovering around 14% in the beginning of the year.


pooablo
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Post by pooablo » Sat Oct 13, 2012 1:08 am

2010: 25.6%

2011: 16.4%

2012: 14.5%


LiquidSapphire
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Post by LiquidSapphire » Sun Oct 14, 2012 4:36 am

2001: Zero Net Worth

2005: 27K in the hole

2006: Started Retirement Contributions of about 20% of salary, not much other saving going on

2008: Upped retirement contributions to max, saved probably 40+% of after tax income without realizing it

2010/2011: Huge mega raises

July 2011: Started ERE journey, WR of probably around 14% ish

Oct 1 2012: WR = 5.3-5.8%, depending on how you're counting

5% SWR projected 3/2013 or sooner

4% SWR and lower: ? TBD


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JohnnyH
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Location: Rockies

Post by JohnnyH » Mon Oct 15, 2012 10:40 pm

"bibacula2001: laid-off from work, start ERE with 5% SWR

2012: 2% SWR"
Jacob, please feel free to delete this post. But just wanted to post how inspiring and encouraging the above is.


Fiddle
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Post by Fiddle » Wed Dec 12, 2012 2:51 pm

April 2008 -35k pounds unsecured personal debt. Stopped digging, went back to work.
December 2012 - Solo 5.5% SWR , with girlfriend 7% SWR. Quit job.
A more full version to come


johngalt
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Post by johngalt » Sat Mar 23, 2013 3:42 pm

2011 : 36% SWR

2012 : 26% SWR

2013 : 18% SWR
Projected :

2014 : 13% SWR

2015 : 9% SWR

2016 : 7% SWR

2017 : 5,5% SWR

2018 : 4% SWR



before45
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Post by before45 » Wed Mar 27, 2013 4:31 pm

It's my birthday, and I just crossed the 4% SWR line! It took me about 7 years--the last couple I've been shocked by how fast my investment accounts grew. Magic of compounding and a soaring market. I know the latter won't last, and I'm not quite ready to quit my job anyway, so my hope is that by the time I reach my quit date next year, at age 44, I'll have enough extra saved and invested to start out under 4% for a the first few years at least. I understand that the first few years are crucial.
Anyway, Happy Birthday to Me :-)


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JohnnyH
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Post by JohnnyH » Mon Apr 08, 2013 10:21 pm

An update to my post last year, since I didn't retire last month and decided to work at least through fall.

Only having to come in 3 days a week has made me not hate my job; a VERY weird feeling.
Anyway, I've been under 1% SWR for 4/6 of the last months, which is blowing my mind.
Not to derail, but these are major expense cuts:

*splitting internet with neighbor, using router as repeater

*spending less than $50/mo on alcohol (way low for me)

*not really driving/traveling

*80% hunted meat and 90% cut wood heat

*maximizing home owners insurance deductible, lowering payout as much as they'd let me (almost cancelled it, but it + possessions now worth more than annual income)
All this is sustainable [and improvable] in ERE, EXCEPT that the above does not include health insurance or large [investment] tool/hobby/maintenance purchases... An acceptable health plan as of today's pricing bumps me well over 1%. Toying with idea of selling house, which will probably bump me towards 2%, maybe towards 3% if I move to metro.


Seneca
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Post by Seneca » Tue Apr 09, 2013 7:22 pm

Congratulations Before45 & JohnnyH!
Always inspiring to read these.


leeholsen
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Post by leeholsen » Wed Apr 24, 2013 8:07 pm

that is great to read these !
current(2013) SWR 2.5%
2016 ERE goal - SWR 2%


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akratic
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Post by akratic » Mon Apr 29, 2013 10:18 pm

2010: 40.40%

2011: 8.03%

2012: 3.90%

2013: 2.61%


GPMagnus
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Re: SWR milestone record

Post by GPMagnus » Fri Feb 07, 2014 6:57 pm

George the Original One, thanks for bumping the thread, it made me finally sit down and do the math :)

2/2014

Retire in home country - 9.6% [I am shocked that in theory, even without gaining on my capital I can avoid working for almost 10 years .....]
Retire in DW's home country - 5.9%

Given our savings rate of ~55% and assuming no positive surprises I am hoping these figures will go down as follows by the end of 2015:

Home country - 7.6%
DW's country - 3.5%

If some positive developments occur in this time-frame (certainly possible) we could get to 4% / 1.9% SWR .... makes me want to re-double my efforts!

George the original one
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Re: SWR milestone record

Post by George the original one » Fri Feb 07, 2014 7:21 pm

Mine is tough to calculate due to the defined benefit plan from work and not having tracked expenses, but it looks something like this:

2007 50%
2008 49%
2009 45%
2010 30%
2011 25%
2012 10%
2013 8%

2013 is the first year that total return exceeded current expenses (e.g. about double retirement expenses) and dividend income exceeded federal poverty level (about 72% of retirement expenses).

slsdly
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Re: SWR milestone record

Post by slsdly » Fri Feb 07, 2014 11:22 pm

2013: 8%

leeholsen
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Re: SWR milestone record

Post by leeholsen » Mon Feb 10, 2014 9:32 am

i read the ERE book in 2013, so i am late to this way of thinking; but i'm sold.

in 2013, i cut spending enough to be FI now on an 85 year lifespan.

i'm now FI at a 3% SWR.

my plan is to be FI at a 3.5% rate in 5 years. i know thats a little high for an ERE model, but i spent time thinking about the rest of the life i want for myself and i figure that will be about a 3.5% SWR.

to do this i'm keeping my swr rate down under 3% and have increased my savings rate to over 50%.

at that point i may change careers if i dont outright retire as i was working sunday night at 11pm this past week and no job is worth that.

DutchGirl
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Re: SWR milestone record

Post by DutchGirl » Mon Feb 10, 2014 2:46 pm

Huh? Lee, did you know that your SWR should go DOWN, not UP? Yours seems to be going up, from 3% to 3.5%...

What are you calculating? Or was it a typo?

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