Comments on: #156 on the “Million Dollar Club” makes good on pledge!

By: J. Money

J. Money — Mon, 23 Dec 2019 16:56:07 +0000

In reply to Giovana. We want an email once YOU cross it too, please! :)

By: J. Money

J. Money — Mon, 23 Dec 2019 16:54:45 +0000

In reply to Stevo. BOOM!!

By: Stevo

Stevo — Mon, 23 Dec 2019 14:29:59 +0000

Awesome post and spreadsheet! Love me some spreadsheets…

That quote gave me goosebumps, bout to print it out and post it on my wall at work.

Happy Holidays!

By: Giovana

Giovana — Sat, 21 Dec 2019 16:24:30 +0000

Wow Gene, this is amazing. I love the level of detail, thank you for sharing it with all of us. I love how you also got to 1 million so much earlier than expected! Fingers crossed it’ll happen to me, too. It’s all about discipline!

By: Gene Roberts

Gene Roberts — Fri, 20 Dec 2019 00:22:12 +0000

In reply to Steveark. You're probably right. I know that once I solidly meet my "number", my tolerance for the day-to-day hassles of the corporate world will become much easier to walk away from. :)

By: Gene Roberts

Gene Roberts — Fri, 20 Dec 2019 00:18:03 +0000

In reply to Marty.

You’re more than welcome to “appropriate” any portions that you think might help you.

Be careful if you set the retirement date prior to 55 years old though, there’s a circular reference I haven’t fixed yet for the 72t rule in the drawdown sheet.

I may not fix it since I don’t think I will have enough to retire comfortably much before I’m 55 anyway.

By: J. Money

J. Money — Thu, 19 Dec 2019 20:03:05 +0000

In reply to Steveark. I would say so, haha... Most people get a surprise in the OTHER direction! :)

By: Marty

Marty — Thu, 19 Dec 2019 18:53:31 +0000

In reply to Gene Roberts. Damn Gene, you nerd. I love it. Great job on the spreadsheet. That is impressive. Very similar to my retirement. Hope you don't mind if I use and plug some of my numbers in and see how I am tracking? thank you.

By: Steveark

Steveark — Thu, 19 Dec 2019 17:09:39 +0000

I kind of wish I had tracked my net worth all those early years. I’m slightly early retired and in awesome shape now but I never tracked it until Personal Capital came out a few years ago. I wasn’t interested in retiring super early so it didn’t really matter. I knew we were saving much more aggressively than most but I also planned on working until I was 70, like most of the older guys at my corporation who also enjoyed their jobs. In my fifties, the first time I checked my net worth and found out we were millionaires it was a shock, a good one but still a surprise because we had about eight different accounts and except for the 401K none of them was impressively large. I have to admit my tolerance for the negative aspects of work went way down once I realized I didn’t need to be there for financial reasons. Maybe it is good I didn’t know?

By: Gene Roberts

Gene Roberts — Thu, 19 Dec 2019 16:27:47 +0000

I started tracking my Roth IRA contributions initially just so I knew what I could take out without penalty in case I needed my “emergency fund”.
Fortunately (or unfortunately depending on how you look at it), I wasn’t as far along in my savings as you when I started tracking my NW and could figure out my contributions.
I track all my contributions now just to get a read on my total savings rate.