FIRE Goals (Dec Update)

Status: Updated December 2018

Progress to Early Retirement: 44%
Progress to Financial Independence: 89%
Progress to Great Start: 100% {Feb 2015}
Percent Home Ownership: 43.79% (home value rose a bit)
Net Worth Breakdown: Home Equity 15% Non Retirement: 28% Retirement:60%

November 2018 – ER: 46% FI: 90% HO: 43%
October 2018 – ER: 45% FI: 90% HO: 42%
September 2018 – ER: 42% FI: 90% HO: 41%
August 2018 – ER: 44% FI: 89% HO: 41.9%

My Thoughts on My FIRE Goals

My goal ultimate goal is to be able to continue my current lifestyle here in the NY area with the 4% rule. That’s early retirement for me. Getting to half that number means financial independence to me. Getting to a quarter of that number is means I am off to a great start.

Having half my income means that we can get maintain our current lifestyle off of one income. It also means I can take a much less stressful job, and maintain our lifestyle. It’s all about piece of mind for me. I am not ready to slow down professionally, but knowing that I could itself takes some stress and pressure off. I am not there yet, but we can see the top of the mountain from where we are.

I could see that FI goal moving quite a bit. The more I think about it, the more likely I will be moving that to 75%. I am not really sure I actually would feel comfortable stepping back from my job at 50%. I think I would feel safe when I get there, and I think I will get to 50% relatively soon.

Now we have a mortgage, and we will for many years to come. The rate on it is lower than inflation has been, on average, since 1920. We did not time the market so much as we were just lucky. I am not eager to pay it off early, but who knows what we will do as I learn more about finance and FIRE. My current plan is to be able to make payments to my mortgage as part of my earnings needs for Early Retirement.


This is Skellig Michel, which you might recognize from the last main line Star Wars Movie. We were visiting my wife’s family in Ireland when we took this; several years before the Star Wars movies were filmed.