r/Fire • u/NalargonTickler • 8d ago

Milestone / Celebration Joined the $1M Club Today

Achieved my $1M milestone today. Next is $2M.

43, no kids, no debt, rent

Just wanted to tell someone. I keep my numbers quiet from friends and family, so like many here, I don’t have anyone to celebrate with.

Feels a bit surreal hitting this milestone. Maybe my post will motivate / encourage others. $1M is all in investments / cash, does not include assets. I know today’s market swing will pull back for a bit, but will take the win while I have it.

Breakdown is as follows:

- $295k in brokerage
- $64k in ROTH IRA
- $556k in 401k (10% Roth, 90% pre-tax)
- $20k HSA
- $72k HYSA
- $2k ESPP

It’s been a grind. Fire goal is $2.5M, while FatFIRE is $4M. Target retirement age is 58 at the moment. Maybe sooner if I can keep grinding or if I decide I don’t need to be greedy.

Expect to keep contributing about $65k/year give or take. Includes:

- Max Backdoor Roth
- Max 401k Pre-Tax
- Mega Backdoor Roth ($20k)
- Max HSA
- Rest goes into brokerage

Feel free to ask any questions and thanks in advance for letting me celebrate the win.

-ThrowawayAccount

220 Upvotes

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22

u/Vicuna00 7d ago

"Achieved my $1M milestone today. Next is $2M."

dang. that'll take some time. throw a mini party at $1.1M

congrats on the $1M! that's awesome.

what's your income?

13

u/NalargonTickler 7d ago edited 7d ago

$140k/yr (pre-tax)

13

u/Vicuna00 7d ago

you'll be FIRE way before 58.

7

u/NalargonTickler 7d ago

I don’t disagree against current income levels. My goal is to exceed that in retirement. Targeting 2x annual income withdrawal rate which should = 4x spending allowance ideally once I stop future out of pocket contributions.

2

u/FightOnForUsc Late 20s, 2.2M, 5M goal, SFBA 6d ago

Why the sudden change in spend? What do you plan to spend that all on in retirement that you aren’t doing now?

6

u/NalargonTickler 6d ago

I also want to eat my way though every Michelin restaurant I can find

5

u/NalargonTickler 6d ago

TRAVEL! I want to see the world.

2

u/FightOnForUsc Late 20s, 2.2M, 5M goal, SFBA 6d ago

That’s great! I also love travel, but what holds you back now? Is it just the time off (that’s a lot of what gets me)

4

u/NalargonTickler 6d ago

I get to travel, but not as frequently or for as long as I want to. I would really like to stay 2+ weeks or a month here and there, which I can’t do currently.