Financial independence day – September, 2018

32 thoughts on “Financial independence day – September, 2018”

  1. Awesome job Steve and Courtney. You moved it up almost 2 full years! Even if you reach FI by September 2018, doesn’t mean you both have to stop working right then. Some people think of it as “over working” but I find nothing wrong with padding the FU money fund! As long as you are happy in your current position.

    1. Thanks Fervent! Agreed, nothing wrong with continuing to work if you enjoy it enough, or at least to finish out the project that you might be working on. There are still a lot of unknowns about how we will officially retire, but one thing I do know is I’m gonna try my best not to burn my bridges cause, well, you just never know when you might run across your co-workers in a future life. 🙂

  2. This is Fantastic, this is one of the Exact Reasons I started the FI Day page, it motivates you to see what others out there are doing and check your numbers and give yourself an audit. I’ll look to update this FI Date today!!!!

    My FI Day is laced with motivation to reach FI earlier. For example our FI Day relies 100% on real estate, and in reality my Early Retirement Blueprint is going to seriously start to diversify later this year which could bring out FI Date that much closer. I made an incentive based contract:)

    1. Yup, it really does help motivate us all to keep on top of our situation and remain focused and alert. Great idea, Even Steven, and thanks for setting up that FI page. 🙂

      Best of luck with your real estate – that could be a HUGE winner for you.

  3. An inspiring story! thx for sharing. I hope you can make it by 2018.

    I have not yet calculated my FI day yet. For now, there are still too many variables like the costs of the kids (2), the wish to travel a lot and far with 4 people (costs a lot of money).
    In the back of my head, it is somewhere in 2025… Not yet sure if the numbers match. Your calculation example might be a good starting point.

    Amber tree

    1. Thanks Amber, appreciate your words of encouragement! Understand about the variables – that is primarily why we haven’t REALLY come up with an FI number as well. The variables are so fluid. But an FI date gives us enough wiggle room to be as accurate as possible, but not necessarily exact. 🙂

  4. That is awesome, y’all! 2018 really isn’t that far away…I can only imagine how motivating that must be. Congrats.

    Going from the DINK life to the DIWK life was quite the shock, kids are EXPENSIVE.

    1. Hey Brian,

      I gotta admit that I was pretty surprised when I saw 2018 as the year – much, much sooner than I had anticipated (around April of 2020 was my original assumption).

      Yeah, kids are expensive – I sure as hell was to my folks! But hey, kids give you someone to take care of you once you’re old and feeble, right? 😉

  5. I need to update my spreadsheet now! I had added it to Even Steven’s list, but I need to do more of a sensitivity analysis to see what the range of dates might be.

    I sure wish I was 2018 instead of ~2021. Good luck!

    1. Nothing wrong with date ranges – I find that coming up with a month and year is a much more easily approachable goal than, say, pure dollar figures. Time is simpler!

      Thanks for reading, and good luck. 🙂

  6. Steve – that is literally right around the corner. That has to feel good!

    Big shout out to Even Steven for motivating all us bloggers to take a closer look at our FI date.


    1. Hey Gen Y,

      Yeah, it’s not far off. Of course, this means that any mistake will be tougher to recover from, so we’ll have to keep ourselves on the straight and narrow the best that we can. This blog is a big help in that direction…last thing that I wanna do is report to everyone about how badly we screwed up.

      I’ll join your shout out to Even Steven. 🙂

  7. Amazing! Congrats on knowing your exact date and working towards it each and everyday. Kids are in our future and know that will definitely push retirement a lot further away…. Oh well, people say they are worth it and we are willing to give it a shot!

    1. Thanks for reading, Amanda, and best of luck in your drive towards financial independence with kids! It’ll definitely add an additional dimension to your life – probably a good one. 🙂

  8. It’s great having a date, isn’t it? Looks like we are aiming for about the same time! I am curious – why does you wife use such a low number for RoR? Is it just to build in a bit of safety? I use 7%, and I feel like that is conservative, based on the numbers that I have seen other people post.

    1. Hi Mrs. SSC,

      Yup, we’re pretty much just being as conservative as we can, understanding that we will probably have a bit of a buffer once the time comes to retire early. An additional 2 or 3 (or more) percent in a few years will only help to pad our retirement savings, but the last thing that we wanna do is get ourselves into a situation where we can’t retire when we thought that we’d be able to because we didn’t underestimate enough.

      But honestly, I think 7% is a good number too, but I probably wouldn’t go any higher than that figure to be on the safe side. I suppose one could argue that we’re being a little TOO safe, but hey, this is our life that we’re talking about. Better to err on the conservative side with these numbers as much as possible.

      Thanks for stopping by, and looks like we will see you guys at the finish line at around the same time. 🙂

  9. Steve, Congrats on finding your date! How fun is that to have it so soon! We’re a little jealous over here in the slow lane…but also admiring your super-fast ER car 😉

    We also plan to visit Glacier National Park in the near future! Hopefully this summer. Can you believe Mr. FI has lived in MT his whole life and I have for about 13 years and yet neither of us has ventured to visit a national treasure sitting in our own backyard? I know, I can’t believe it either. We look forward to reading about your “aggressive traveling” in the future and will keep reading til you get there!

    1. It is interesting how people don’t often get out and explore the areas where they live. I lived near Washington D.C. for 10 non-consecutive years, and I can probably count on one hand the number of times that we went in to see the city. Funny how that happens.

      We are really looking forward to this trip. 🙂

  10. Hahaha! I love the part about the rocking chair or just looking out your front window. I totally pictured my mother in law, who lives down the street and has a window overlooking the road we drive down every day. Sometimes we’ll drive by and just see her standing in the window.

    Anyways, congrats on figuring out this date – it’s a total motivator I’m sure. After reading the post, I’m curious… Do you guys plan on having kids post retirement? I wasn’t sure based on your wording in the post. It’s crazy to think what a game-changer kids can be on your finances, though.

    Having the house paid off in a few years is a blessing too I’m sure. No mortgage payment means more money in the bank. It’s awesome that you’re still able to live the life you want while being frugal. Hopefully your message inspires others to try and live the same way.

    Thanks again for the great update Steve!

    1. Hey Chris,

      Honestly, we don’t have plans for kids at the moment. My wife and I want to spend the majority of our time in the first several years post-retirement doing a good deal of traveling, and kids just won’t work too well with that kind of lifestyle. And neither of us are all that anxious to have kids anyway, so it is probably wise for us to back off of that life-altering, long-term commitment unless we are both completely on-board.

      So for now, our beautiful dogs are our kids. 🙂

  11. I’m in a slightly different situation (we have 2 kids, no house… so there’s additional expenses here), but hopefully with similar goals in terms of date. I need to find the date that works for me… it might be closer to 2019 though, unless I dramatically increase my side revenue somehow…

    1. Nothing wrong with 2019 as your FI date. This isn’t a race. We all need to make absolutely sure that the decisions that we make for ourselves are the very best and we aren’t putting ourselves at a disadvantage by doing things too quickly.

      Slow and steady wins the race…but this isn’t a race, so… 🙂

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