We have been living off our portfolio since late 2012 (9+ years.)

Our lifestyle (and budget) has undergone some pretty drastic changes in that time, but for the most part the portfolio resembles its younger (much smaller) self.

Let’s explore what is different, and why. (Cuz there are some BIG changes.)

GCC Asset Allocation

As of early May 2022, according to Personal Capital our portfolio looks like this:

Assets and Allocation

The portfolio continues to be heavy on equities and light on bonds and cash.

Here is the breakdown:

US Stocks:  77% -> mostly VTI with some S&P500 and Small-cap trusts in my old 401k
International Stocks: 17% -> 100% VXUS
Bonds: 1% -> intermediate term Treasuries (IEI) (plus some I-bonds that PC doesn’t include in this chart not shown in the chart, about 2% of portfolio)
Alternatives: 4% -> 100% VNQ (a REIT) and REIT holdings as part of VTI (e.g. equities)
Cash: 1%

Some interesting ratios:
Stock / Bonds-Cash: ~ 98 / 2 (trending away from 100% equities)
US / International equities: ~ 80 / 20
Taxable / Pre / Post-tax: ~ 63 / 29 / 8 (Roth is trending up – was 0% 9 years ago)

Data from previous years: 201620182019, 2020, 2021.

Changes over time (and BIG changes this year)

The portfolio snapshot from Personal Capital shown above is super helpful. The allocation percentages and ratios are also nice.

But best of all I think is being able to look back over time and see how the portfolio has shifted and evolved.

Here is a nice chart of allocation percentages on our liquid net worth over our 9 full years of early retirement. From the beginning we were about 90/10 stock/bonds. This shifted around a bit as we parked short-term funds for cash flow management but for the most part was consistent. In the early days of the covid pandemic we sold bonds and bought more stock and now the portfolio is the most stock heavy it has ever been (much to the relief of some readers, I’m sure. Context: The Path to 100% Equities)

This is in part because we bought a house for cash and I liquidated 99% of our bonds as part of that purchase. I (right or wrong) think of our imputed rent and future social security as our fixed income allocation.

Another way to look at this same data is in actual dollars.

Some important things to notice:

  • We currently own more US stock than our entire portfolio was worth when we retired
  • Our portfolio is worth about the same as it was 2 years ago… because we took out all of the gains during the covid pandemic to buy a house
  • For the 1st time our net worth (green line) is less than the portfolio value, because I took out a mortgage and used some of that to buy stock (currently down about 10% -sad face-.)
  • House isn’t included in portfolio / liquid net worth since I can’t count on it for 4% rule

Reward Points

While not a traditional asset class, we have continued to build a healthy amount of airline, hotel, and travel rewards points through credit card signup bonuses.

One example of point usage: Free flights and hotel in Hawaii (including a $3,000/night suite.)

Alaska Airlines: 144,700 miles
Amex: 0
Capital One: 0
Delta Airlines: 16,591
Hilton: 27,051
IHG: 119,616
Marriott/SPG: 249,247
Ultimate Rewards: 214,684
United Airlines: 12,429
Total value: $9,906+

Not included in the above – 2 free night certificates with IHG and 3 with Marriott (5 nights total.)

Free night certificates with the Marriott Bonvoy Boundless credit card are a sweet deal.

We are already planning our next trip to Hawaii and a visit to Taiwan (covid restrictions permitting.)

For ideas on how to accumulate or redeem award points, check out our Award Travel Series!


I almost forgot to mention – aside from our $1.03 trillion worth of Go Curry Cracker Coin, we also got $5 worth of Bitcoin free from PayPal for some promotion (now worth $3.15.)

Between these 2 we should be set for life.


We have been living off our investment portfolio for 9+ years now.

Last year we sold a bunch of stock and all of our bonds to buy a house. The way it worked out, that house was basically free – our liquid portfolio is worth about the same as it was 2 years ago and we have a house to boot.

We also have some debt in the form of a mortgage. Most of those funds were reinvested into the stock market.

Travel over the next year or so should be completely covered by travel hacking (~$10k worth of points on the books.)

Early retirement, so far so good.

If you like the charts in this post, check out Personal Capital (affiliate link)