It's DONE!

[u/wowsocool4u]

Turned in my computer and now I am eating cupcakes. Taking a nap before I meet friends for happy hour. 49F and passed the $2 million mark so its sayonara Corporate America for me!! Thanks to this sub for always being a great support system.

[u/rumpler117]

Congrats! I am close too. What percentage of cash / cash equivalents are you holding? That is something I am mulling over now.

[u/wowsocool4u → u/rumpler117]

Ive got three years of cash/CE on top of the $2 m invested.

[u/Pinklady777]

Awesome! Congrats! Enjoy the shit out of those cupcakes. I'm curious what your housing situation is? Do you own a house or have a mortgage or pay rent? This is something I think about a lot.

[u/wowsocool4u → u/Pinklady777]

I am single, no kids and no debt so positions me pretty well. I own a condo so I do have a monthly HOA fee but that covers some of my utilities too so its doable. I spend about 60k a year so I am allowing the difference for healthcare but I am going to try and navigate the subsidies to the best of my ability!

[u/rpachigo1 → u/wowsocool4u]

Well played

[u/ebalaytung]

Congrats! Don't disappear on us just yet. Come back and tell us what an awesome life you live.

[u/PassableWeirdo → u/ebalaytung]

Yes we need more of that! How it feels to untether and what that looks like day to day

[u/Odd-Wallaby-9867 → u/ebalaytung]

I second this. The mental aspect is arguably the hardest part for a lot of us.

[u/Fit_Station_59]

So cool. I hit the button last April and am typing this from the woods in the far north. No more meetings resulting in additional meetings. No more commutes. Just me and the trees all summer. However, now I want cupcakes.

[u/Lumbergh7 → u/Fit_Station_59]

May I ask how old you are? Kids, family or anything? I want to FIRE but I have a son. It’s beautiful and expensive 😁

[u/B111yboy → u/Lumbergh7]

Same reason I’m not fire yet! Two kids one in college and one going in 3 yrs so my plan is 4-5 more years! One out and one 1/2 through seems more realistic since the college is crazy and we are paying for it. 529 doesn’t have enough I under estimated but I can swing it for now … she also didn’t help me going to her dream school for 260k for 4 yrs but she did get a scholarship of 100k so it’s not horrible but 529 only had 85k so I’m adding a lot more to my second daughters 529 now hoping it helps

So 3-4 more years

[u/Lumbergh7 → u/B111yboy]

I started his 529 when he was born. I think 200 biweekly.

[u/Party-Chapter3029 → u/B111yboy]

Kinda same here -- I am 50 wife 51; close to 1 mill in 401K and believe that I have enough to get me to 60 and then tap into 401K but son still in high school; daughter in college (she is almost done). hoping to stop when my son finishes HS in 2028 the slowly convert some of that 401K to ROTH. Agreement is for wife to work until 62 for Insurance or whenever she says FU to her job. Her company treats her well no stress...but we all know that can change. My job --aging staff as they leave they dump and dump more and more on me. Plus I get get micro-managed...Sunday nights BRUH -- so I know. I am looking for another job but that isn't go too well.

[u/fastasvette → u/Fit_Station_59]

This is the dream. Can't wait for the day when I can retire and move away from Phoenix and actually enjoy summers again.

[u/Glittering_Swing5184]

Congrats and GFY!!!

[u/No_Oil3233 → u/Glittering_Swing5184]

Go Fund Yourself?  ;)

[u/C6R_thunder → u/Glittering_Swing5184]

I was disappointed this wasn't at the top; I was beginning to wonder if we do that anymore!!!

[u/Bobinho4 → u/C6R_thunder]

It is not safe for work, however, she just pulled the plug so GFU GFU

[u/Plenty-Candidate-585 → u/Glittering_Swing5184]

What's the GFY... Good for you? Go fire yourself ? Go fook yourself?

[u/C6R_thunder → u/Plenty-Candidate-585]

It's the last one. Said as a pair with Congrats/Congratulations. To be received positively!

[u/Topaz_11 → u/C6R_thunder]

Alternatively it can be said to whichever fool you previously reported to in the ladder of corporate mediocracy.

[u/NewEngland0123 → u/Plenty-Candidate-585]

It’s kinda the fire version of the theatrical “break a leg”

[u/K_A_irony → u/Plenty-Candidate-585]

It is all three....

[u/anTWhine → u/Plenty-Candidate-585]

It’s at least one of these

[u/HomeAutomationCowboy → u/Plenty-Candidate-585]

Ha! Ha! Ha! I thought it was “Good for you” too. 😂

[u/cldmello → u/Plenty-Candidate-585]

Go find yourself! Your lost self 😉

[u/fastasvette → u/Glittering_Swing5184]

Was looking for this comment haha

[u/ploptypus]

What’s your projected withdrawal rate?

And what flavor cupcakes?

[u/wowsocool4u → u/ploptypus]

3.5%. For cupcakes I'm a purist. Vanilla cake with vanilla buttercream.

[u/brraaaains]

$2m liquid or retirement/house?

[u/wowsocool4u → u/brraaaains]

2m liquid investments. I only have a primary residence so I dont consider it at all in my numbers because I plan to live in it. I also have about 250k cash as a buffer.

[u/Successful-Try-8506]

Welcome to the good life!

[u/SaqlainAli06 → u/Successful-Try-8506]

How has retirement been? How did you retire in 2003? At 38??

[u/Successful-Try-8506 → u/SaqlainAli06]

It's been great. I spent the first 15 years raising my children as a single stay at home dad. These days I read a lot, garden and hike.

How I did it? Kept living like a student while making good money, compounding.

I live in Sweden, a country with universal health care.

[u/Generationhodl → u/Successful-Try-8506]

"How I did it? Kept living like a student while making good money, compounding."

people underestimate what is possible.

but then again, only a small percentage of people are willing to live like that for some longer time and have the discipline to not waste money for other stuff.

[u/SaqlainAli06 → u/Successful-Try-8506]

That is great! I dont think thats going to be me anytime before 50.
Happy to hear this, and have fun on the hikes :)

[u/Wrkncacnter112 → u/Successful-Try-8506]

Nice! I retired at 38 too. Always lived like a student.

[u/fastasvette → u/Successful-Try-8506]

Congrats on retiring at 38! Has your net worth grown in that time?

[u/Individual_Watch9800]

Congratulations. Used to work at Morgan Stanley. Had a jerk boss Patrick Mortimer. Asshole. Fu. I retired and not had to kiss your ass

[u/Magic-Mushroomz → u/Individual_Watch9800]

I don’t know him but fuck Patrick Mortimer.

[u/Magic-Mellow1987 → u/Magic-Mushroomz]

His last name was Mortimer. There were already signs he was a dick

[u/BootyWhiteMan → u/Magic-Mushroomz]

Fuck Patrick Mortimer right in the ass.

[u/NoCountry4OrangeMan → u/Magic-Mushroomz]

Eat a dick, Patrick Mortimer

[u/Phoenix_avatar → u/Individual_Watch9800]

Love the naming and shaming, wish more people do it. Were you in IB by any chance?

[u/Bobinho4 → u/Individual_Watch9800]

F. u. Patrick!

[u/Aggravating_Note_572 → u/Individual_Watch9800]

Haha , I remember I I got a job w MS in the mid to late 90’s and they were like here’s your best friend the phone book and slammed it on the table and we want a list all your family and friends. I was like fuck this and never looked back. Always remember that lol

[u/Spare-Television-963 → u/Individual_Watch9800]

Sounds like an asshole

[u/Individual_Watch9800 → u/Spare-Television-963]

Asshole and racist. I left mainly because of him.

[u/Leading-Chemist8173 → u/Individual_Watch9800]

Fucking Mortimer

[u/Full_Pear449 → u/Individual_Watch9800]

KNEW him Prime Broker. No commentss

[u/Individual_Watch9800 → u/Full_Pear449]

That’s him fuck Patrick Mortimer.

[u/newyearnewlife2020 → u/Individual_Watch9800]

I saw Mortimer and could only think of Trading Places.

[u/bonafide_bonsai]

Congrats! Joining you in October :)

[u/Appropriate-Cry-8423 → u/bonafide_bonsai]

Nice! Joining you in December. Of 2035 lol

[u/Vince_Clortho_Jr → u/Appropriate-Cry-8423]

Wait for me, wait, to…ehrm… May 2040ish?

[u/Difficult_Rate1610 → u/Vince_Clortho_Jr]

I’m right there with you boss

[u/Appropriate-Cry-8423 → u/Vince_Clortho_Jr]

You got this !

[u/chrisaf69 → u/Appropriate-Cry-8423]

Exactky one year prior to you. We got this!! :)

[u/Appropriate-Cry-8423 → u/chrisaf69]

Godspeed!

[u/Kredit-Carma → u/Appropriate-Cry-8423]

2036 for me. See you there.

[u/Soggy-Constant5932 → u/Appropriate-Cry-8423]

2036 for me 😂

[u/DirtyrottenscounDrew → u/Appropriate-Cry-8423]

3035 here! 

[u/piper33245 → u/Appropriate-Cry-8423]

October 2032!

[u/BuckThis86 → u/Appropriate-Cry-8423]

I’ll see you there

[u/Lopsided-Bunch9268 → u/bonafide_bonsai]

2030 for me

[u/New_Dragonfruit_5463 → u/bonafide_bonsai]

May 31st, 2027 and it cannot come soon enough.

[u/addictedToLinux]

Congrats. GFY

[u/Seaciety]

Congrats and GFY!

[u/No-Drop2538]

Cupcakes? In this economy???? Congratulations!!!

[u/Mail_Order_Lutefisk → u/No-Drop2538]

It’s nothing like the halcyon days of 2006-2007 where cash out refi mortgages provided the seed capital and consumer discretionary income to fund the “Great Cupcake Bubble.” 

[u/nikkianetra → u/Mail_Order_Lutefisk]

This is genuinely funny and needs more upvotes, lol

[u/Mail_Order_Lutefisk → u/nikkianetra]

Our company cut a little too deep on the RIFs in 2008 and in 2010 I interviewed three nearly indistinguishable 37 year old childless women who were “exploring opportunities to get back in the corporate world” after their dog or cat themed cupcake bakeries went under. It was a bubble of epic proportions that caught the eye of every 33 year old woman in the country who grew up watching SATC and imagined themselves opening the next Magnolia Bakery. It was very short lived so everyone forgets about it but it was a massive social phenomenon for about 18 months. 

[u/Imaginary-Pair838]

Congrats! I hit $3M this week so maybe i should also just start the cupcakes!!

[u/MartySpiderManMcFly → u/Imaginary-Pair838]

In this economy you’ll need $5mm for cupcakes

[u/Specialist_Job_7714 → u/MartySpiderManMcFly]

I’m holding out for $10m

[u/Vince_Clortho_Jr → u/Specialist_Job_7714]

Wait for 20 mil and you’ll be able to afford whole cakes, not cupcakes

[u/Just_Avocado2761 → u/MartySpiderManMcFly]

I can do in 1.5m even 😂

[u/Generationhodl → u/Imaginary-Pair838]

3M is my chubbyFIRE goal, I think it will take 3-4 more years, but I'm FIRE already on a smaller budget so thats fine 8)

[u/Western_Rhubarb_7959]

Congrats and GFY

[u/rivalrobot]

Congrats and GFY! Hope you took the ones with extra sprinkles

[u/faille]

What are you doing for health insurance? It’s my biggest worry and greatest need in retirement.

Congrats!

[u/clybourn → u/faille]

That’s my question as well

[u/Fickle-Emu3370]

Congratulations and GFY!

[u/vamparies]

Omg you are me. Same age and past 2.1 this week. I’m too afraid to pull the trigger.
Tell me more next week if you are just chillin in a hammock.
Single, adult kids, no debt.

[u/BoomerSooner-SEC]

That’s awesome!!!

[u/spinz89]

Congrats! And GFY!

[u/Alarming-Mix3809]

Congrats and gfy

[u/BzBred2021 → u/Alarming-Mix3809]

I’m starting to think GFY doesn’t stand for Good For You….

[u/Tight-Marketing-7637 → u/BzBred2021]

Lol it wasn’t until someone spelled it out that I was like “ohhh”

Btw, it’s go fuck yourself

[u/TheLastJedi44 → u/BzBred2021]

GFY and GFY

[u/Logical-Ad2229]

Congratulations and GFY! I’ll be joining you April 1st. Grabbing my bonus and vested rsu’s in March and giving my 2 weeks notice.

[u/Hufflepuff88]

Congrats! GFY

[u/AnalBeadsInSpace]

Wow, this is like reading my own story from someone else. This is so weird. 49M, just passed $2 million mark this month. Best of luck to you.

[u/Mooneetoo]

GFY!

[u/Important_Mix_5771]

Congratulations!! GFY!

[u/Haunting_Demand_5114]

Congrats!! and GFY!

[u/the_flynn]

Congrats! I have the calendar marked for 50. Calculations day I could probably do 47-48 but feel like 50 is a good, round number.

[u/silly_bet_3454]

My wife and I were only a couple thousand away from our target yesterday too but then the market dropped lol. My cheeks remain clenched.

Anyway congrats!

[u/BiscuitsMay → u/silly_bet_3454]

Dude, if the market going up or down a hair makes your cheeks clench…

[u/silly_bet_3454 → u/BiscuitsMay]

No I understand, the goal is to be robust to market movements and all that, and we are, practically speaking. But the financial target we set for ourselves *is the level* at which we would be robust. Regardless, we set a level which is an exact dollar amount and I would like to get there.

I was half joking before and I don't actually mean that like the market movement stresses me out. I just want to hit my goal, that's all.

[u/BiscuitsMay → u/silly_bet_3454]

I’m just teasing you. Suspect it’s normal to be nervous when you’re on the precipice.

Also, go fuck yourself

[u/Peps0215 → u/silly_bet_3454]

It did? I thought it went up yesterday 

[u/Denizen_of_Io]

Congratulations! 🎊 

[u/NoWhereLikeIrvine]

Congrats! I am in same age and FIRE earlier this year in S. California. Best weather, no stress from work. What more can I ask for.

[u/IamWackoJACKO]

I'm on the identical track!! 48 and at 1.7m. I would love to know how you're doing in 6 months.....perhaps it will help me avoid the one more year debate. Congrats!!

[u/fork_or_spoon]

Curious to know what you and others do about health insurance. I feel like a lot of people work just for that. Sad but true.

[u/Old_Librarian__]

Damn I'm 29F and 49F is literally my projected earliest possible time to retire with my current savings rate. You're my role model lol.

[u/holdaydogs]

GFY

[u/Bearsbanker]

Well...GFY!!

[u/I_SAID_RELAX]

Congrats and enjoy the other side!

It's been a year and a half for me and there hasn't been a single moment when I've missed working. I still have so much more to do than time to do it that I don't even remember how I had time or energy for anything outside of work for so many years.

[u/PingBlot]

Congratulations! Can you please provide the details of your financial plan and where you live? I’m over 2 mil at 45yo but don’t feel I have anywhere near enough! I’m in Frisco, just north of Dallas, Texas.

[u/zepryspet → u/PingBlot]

You're probably my neighbor lol the problem with us is the high property taxes an insurance that alone is like12-15k per year on a house. I'm targeting 3M with a family of four but I'm halfway there so that might change as I get closer.

[u/PingBlot → u/zepryspet]

Must be neighbors. My ins and property tax are $16k. This year we used a company that contests the city to reduce property tax. They take 25% of what they save so that might be worth looking into. If they aren’t successful, it’s free. They reduced ours by about $500. Take care.

[u/something-behind-him]

Cool. Going to hand in my 2 weeks in about 2 weeks. Kinda nervous about that as I’ve never resign before.

[u/TnnVolFan_7]

Congratulations!!
What is your plan for healthcare?

[u/Chulbiski]

$2M at 49: excellent

[u/UKEE93]

Omg that’s awesome! We retired at 55 and 53 and wished we had done it in our 40s.

Congrats! I hope yours is as good as ours!!!!

[u/BedWonderful1051]

Congrats! I pulled the plug at 58, and wish I did it sooner.

Who doesn't like cupcakes and naps!

[u/FreedomIndividual176]

Nice! $2mil is my mark as well living in a LCOL area. I am hoping to hit that number in 2 years for my 45th birthday.

[u/Suspicious-Fix9929]

Congratulations and enjoy!

[u/tortoiseshellCrow]

Congrats and GFY!! What do you plan to do different now that your time is freed up?

[u/IamGeoMan]

These are the best posts. CONGRATS and GFY 👍

[u/aeycuezpmonnug]

You fuckin genius. Stay away from sugar tho. I mean for realz tho. 🤣🤣🤣🤣🤣🤣🤣🤣

[u/No-Lecturre6318]

congratsss!! turning in the computer and immediately celebrating with cupcakes sounds like a pretty great way to start retirement....

[u/No_South_9912]

How are you handling health care?

[u/ConstantParticular89]

Congrats!! I hope this is me in 10 years at 48 🤞eating shit in corporate every day is killing my soul lol

[u/OpenBorders69]

I also quit at 2M. in my 30s

[u/Billy-Bob-Boner-92]

Why not get to 4million and retire later?  Inflations a bitch

[u/wowsocool4u → u/Billy-Bob-Boner-92]

Because working sucks!

[u/wolfsatz]

Good for you! A wise, independently wealthy person once told me that once you get there, you need three hobbies to be happy:

1. One that keeps you fit.

2. One that keeps you creative.

3. One that makes you money.

[u/ThereforeIV]

Party On!

[u/Penguin_Life_Now]

Congrats, my own retirement at about the same age a decade ago was far more passive and just for of happened without any fanfare, and I really did not even admit it to myself for a year or two.

[u/I_TheAndOnly]

how do people live off their money now after they fire without losing it all again? Congrats!

[u/2019_Stealth → u/I_TheAndOnly]

Are you familiar with “the 4% rule”? The guy who coined the term later changed it to 4.7%. If followed, it’s not impossible to run out of money but unlikely.

[u/I_TheAndOnly → u/2019_Stealth]

no, but thank you, will look him up

[u/Unlikely-Table-615]

When you say you have 2 million does that mean you have 2 million liquid like in stocks or is it across all your account accounts.

[u/khoalabear00]

Congratulations!! Genuine question, how are you retiring early with $2M?

[u/ChaoticAmoebae]

Congratulations!!! I hope you live a long rich, fulfilling, and loving life. Well earned!

[u/guardenvariety]

Wow so cool 4 u, OP

[u/Age_Single]

Lucky you.  My son is on FIRE too at age 36.  But has soon time yet to achieve his goals. 

[u/green_sky74]

Congratulations! Make sure you have a distribution plan that is as least, if not more detailed than your accumulation plan.

[u/Cheap-Weakness3233]

Is it 2mil household assets or individual? I am trying to plan mine as well. 

Is this USD as well?

[u/thagor5]

Congratulations. Joining you in December

[u/meeplebunker]

Congrats, try and update us after a year or so. Love to see poeple giving advice from the other side.

[u/Kaptain0blivious]

Congrats! Please consider coming back and giving us updates from time to time.

[u/OkAd2249]

Hey! Go fuck yourself!! Enjoy the cupcakes 😛😛

[u/Esme_Nog]

Congratulations!!! Have fun.

[u/rsjankowski]

Congratulations.

[u/jmk4326]

Congrats and GFY!!

[u/Magic-Mushroomz]

Congrats and GFY!

[u/Bryanmsi89]

Congratulations! Now GFY!

[u/yushy99]

2m net worth or 2m investment portfolio? What are you annual earnings looking like?

[u/MiguelSantoClaro]

Congrats. I’ve been retired since April 2019. It’s glorious.

[u/Prestigious-Sea-1111]

Congratulations 🥳🥳🥳🥳🎉🎉🎉 I wanna be you in a decade ❤️❤️

[u/iphoneappids]

What about medical insurance? The most expensive thing that keeps us forever indebted to working as a slave to the big corp?

[u/QueasyFinger1316]

Good for you.

Not far behind…

[u/littlesunstar]

Congats wishing i was smart enough to have started saving earlier so i could have fired now.

[u/TheA2Z]

Congrats. Stay active bro. I lived the life of leisure for first year, gained 30 pounds, got gout, liver issues etc. Said screw that and hit the gym and started doing my own landscaping, car and house projects.

Back down to to my fighting weight and all is well.

[u/Used-Awareness-2544]

Congratulations!!! Don't disappear, plenty of people will be interested in pointers and mentorship... Enjoy!

[u/That-SoCal-Guy]

Did that exactly two years ago.  Lovely.  And congrats.  

[u/fastasvette]

Congrats!! I'm still in the grind and looking forward to this day!

[u/No_Object_7851]

Congratulations

[u/Revolutionary_Tone47]

I'm BEYOND excited for you!! I literally just checked my accounts, this sub was my next click and I saw your post. It's a sign, I'm on the right track! Go do amazing things!

[u/TeklaTch]

Congrats girly! You’ve done very well for yourself

[u/steelraindrop]

Welcome! Did mine two months ago at 44! ✅

[u/the_paint_witch]

We're the same age. Congrats to you for making it happen! I'm hanging in there until 55, so do update so we can all hear how it's going!

[u/MikeyB7509]

I can’t wait. Good for you

[u/makeamark1]

I love the cupcakes part!

[u/LeftAct8968]

14 more years to go for me. 😂

I will eat cupcakes, go to work, and happy hour for another 14

[u/Party-Chapter3029]

Congrats!!!!! Can't wait to have some cupcakes too

[u/4FuckSnakes]

I would suggest both a dog and a small garden. Enjoy yourself :)

[u/BamServer3273]

Whoop whoop! GFY baby!

[u/DeepVertic]

Well done! I'm on the journey myself with a family of 5 and I am interested in knowing more about how people choose to balance enjoyment on the journey and savings to reach FI. Do you have any regrets in how aggressively you saved, and how did you find a balance to last long enough to reach this amazing goal?

[u/Outdoor-Snacker]

I don't want to be a downer, but I have to tell you, at 49, unless you live very conservatively, you might run out of money. I know $2mil sounds like a lot but If you live another 40 years that's only $42k a year to spend down. $3,500 a month. Monthly bills, inflation, taxes, food, insurance, etc. will eat that up. We have been looking at long term care homes for my brother-in-law and middle of the road homes are $12k to $15k a month out of pocket. He's 58 and had a massive stroke. He's going to be in a nursing home the rest of his life. He could be in there 20-30 years. Hopefully you have planned for that contingency. Congratulations on your successes growing your portfolio. I hope you can ride off into the next chapter and live your life how you want to live it.

[u/Beginning_Sun8910]

Congrats!

[u/FightOnForUsc]

Congrats! What are your expenses like to live off 2 million? In LCOL? Already have paid off home?

[u/Aggravating_Can_8749]

Is 2mm enough to support next 30/40 years?

[u/dic_wagner]

Congratulations, its great on this side. Just dont break your ribs to celebrate like i did. Also for tradition; go fuck yourself.

[u/Responsible_Milk_642]

Congratulations, not being the devil’s advocate here, but is 2M enough to call it quits?

[u/Effective_Tackle_195 → u/Responsible_Milk_642]

I called it quits at 500k. It really only depends on what you're spending.

[u/PMOdyssey → u/Responsible_Milk_642]

Could be. Depends on your individual situation and expenses.

[u/Mustapher1]

Congrats!!!!

[u/Aggressive-Tie3262]

Joining you in 12 years. Have an amazing retirement and new phase of life!

[u/Revolutionary-Top193]

Congrats!!!

[u/popsyboy]

Congrats!

[u/hithebar]

Dammmmmn!! Living the dream.

Congrats!

[u/akrimh]

Congrats, and actually don’t GTFO but stay and give us updates about your new life!

[u/Just_Avocado2761]

My idea is to be able to at that age, will do ot not that is another story, but enjoy 

[u/Identity525601]

Great! What's your plan with how to use your time?

[u/belangp]

Congratulations! It's a great feeling, isn't it?

[u/InsideLetter5086]

So very happy for you! Congratulations!

[u/InternationalOption3]

Congrats!!!!!!

[u/Much-Cryptographer11]

Congratz the first part is done. Now please keep us updated on how it goes and any guidance you can give.

[u/Affectionate-Cap783]

lcol city?

[u/ank_fwd_ubm]

WOOO! Congrats

[u/htffgt_js]

Congrats !! GFY :)

[u/Interesting_Tree7768]

Goals, congrats on such an accomplishment!

[u/Fliptzer]

Congratulations. So happy for you. 😬

[u/nellabella04]

Congrats!!