diff --git a/get-shit-done/bin/lib/init.cjs b/get-shit-done/bin/lib/init.cjs
index 2a007321e..6dfddd479 100644
--- a/get-shit-done/bin/lib/init.cjs
+++ b/get-shit-done/bin/lib/init.cjs
@@ -1024,6 +1024,17 @@ function cmdInitManager(cwd, raw) {
 
   // Dependency satisfaction: check if all depends_on phases are complete
   const completedNums = new Set(phases.filter(p => p.disk_status === 'complete').map(p => p.number));
+
+  // Also include phases from previously shipped milestones — they are all
+  // complete by definition (a milestone only ships when all phases are done).
+  // rawContent is the full ROADMAP.md (including <details>-wrapped shipped
+  // milestone sections that extractCurrentMilestone strips out).
+  const _allCompletedPattern = /-\s*\[x\]\s*.*Phase\s+(\d+[A-Z]?(?:\.\d+)*)[:\s]/gi;
+  let _allMatch;
+  while ((_allMatch = _allCompletedPattern.exec(rawContent)) !== null) {
+    completedNums.add(_allMatch[1]);
+  }
+
   for (const phase of phases) {
     if (!phase.depends_on || /^none$/i.test(phase.depends_on.trim())) {
       phase.deps_satisfied = true;
diff --git a/tests/init-manager-deps.test.cjs b/tests/init-manager-deps.test.cjs
new file mode 100644
index 000000000..25f843a4d
--- /dev/null
+++ b/tests/init-manager-deps.test.cjs
@@ -0,0 +1,120 @@
+/**
+ * Tests for bug #2267: deps_satisfied should include phases from shipped milestones.
+ *
+ * Root cause: completedNums was built only from the current milestone's phases,
+ * so a dependency on a phase from a previously shipped milestone was never
+ * satisfied — even though all prior-milestone phases are complete by definition.
+ */
+
+const { describe, test, beforeEach, afterEach } = require('node:test');
+const assert = require('node:assert/strict');
+const fs = require('fs');
+const path = require('path');
+const { runGsdTools, createTempProject, cleanup } = require('./helpers.cjs');
+
+describe('init manager — cross-milestone dependency satisfaction', () => {
+  let tmpDir;
+
+  beforeEach(() => {
+    tmpDir = createTempProject();
+  });
+
+  afterEach(() => {
+    cleanup(tmpDir);
+  });
+
+  /**
+   * Write a ROADMAP.md that has:
+   *   - A shipped previous milestone (v1.0) inside a <details> block containing
+   *     Phase 5 marked [x] complete.
+   *   - A current active milestone (v2.0) containing Phase 6 that depends on
+   *     Phase 5.
+   */
+  function writeRoadmapWithShippedMilestone(dir) {
+    const content = [
+      '# Roadmap',
+      '',
+      '<details>',
+      '<summary>v1.0 — Initial Release (Shipped)</summary>',
+      '',
+      '## Roadmap v1.0: Initial Release',
+      '',
+      '- [x] **Phase 5: Auth**',
+      '',
+      '### Phase 5: Auth',
+      '**Goal:** Add authentication',
+      '',
+      '</details>',
+      '',
+      '## Roadmap v2.0: Dashboard',
+      '',
+      '- [ ] **Phase 6: Dashboard**',
+      '',
+      '### Phase 6: Dashboard',
+      '**Goal:** Build dashboard',
+      '**Depends on:** Phase 5',
+      '',
+    ].join('\n');
+
+    fs.writeFileSync(path.join(dir, '.planning', 'ROADMAP.md'), content);
+  }
+
+  function writeStateWithMilestone(dir, version) {
+    fs.writeFileSync(
+      path.join(dir, '.planning', 'STATE.md'),
+      `---\nmilestone: ${version}\n---\n# State\n`
+    );
+  }
+
+  test('phase depending on a shipped-milestone phase has deps_satisfied: true', () => {
+    writeRoadmapWithShippedMilestone(tmpDir);
+    writeStateWithMilestone(tmpDir, 'v2.0');
+
+    const result = runGsdTools('init manager', tmpDir);
+    assert.ok(result.success, `Command failed: ${result.error}`);
+
+    const output = JSON.parse(result.output);
+
+    // Only the current milestone's phases should appear in the phases array
+    assert.strictEqual(output.phases.length, 1, 'Should have exactly one phase from the current milestone');
+
+    const phase6 = output.phases[0];
+    assert.strictEqual(phase6.number, '6', 'Should be Phase 6');
+
+    // Phase 6 depends on Phase 5 from the prior milestone — must be satisfied
+    assert.strictEqual(
+      phase6.deps_satisfied,
+      true,
+      'Phase 6 dep on shipped Phase 5 should be satisfied'
+    );
+  });
+
+  test('phase depending on a non-existent phase has deps_satisfied: false', () => {
+    writeRoadmapWithShippedMilestone(tmpDir);
+    writeStateWithMilestone(tmpDir, 'v2.0');
+
+    // Add a second phase in the current milestone that depends on a phantom phase
+    const roadmapPath = path.join(tmpDir, '.planning', 'ROADMAP.md');
+    const existing = fs.readFileSync(roadmapPath, 'utf-8');
+    const withExtra = existing + [
+      '### Phase 7: Extra',
+      '**Goal:** Extra work',
+      '**Depends on:** Phase 99',
+      '',
+    ].join('\n');
+    fs.writeFileSync(roadmapPath, withExtra);
+
+    const result = runGsdTools('init manager', tmpDir);
+    assert.ok(result.success, `Command failed: ${result.error}`);
+
+    const output = JSON.parse(result.output);
+    const phase7 = output.phases.find(p => p.number === '7');
+    assert.ok(phase7, 'Phase 7 should be in the output');
+
+    assert.strictEqual(
+      phase7.deps_satisfied,
+      false,
+      'Phase 7 dep on non-existent Phase 99 should not be satisfied'
+    );
+  });
+});