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Home > October 2016 retirement goal setback (vs. progress)

October 2016 retirement goal setback (vs. progress)

November 2nd, 2016 at 08:14 am

We did contribute a lot to the Roths -- maxed out two of them this past month! So I'm proud of that progress, but the UK currency exchange gave us quite a setback on paper.

Goal: $479,875 by 2019

(As a reminder, this is just an incremental goal along the way to 8x income by retirement. This mini-goal aims to get us to a milestone by the time I turn 45 and AS turns 40.

The milestone is to get me to 3x my current salary, which is now $66,625, so $199,875; NT to 3x his, which is now $60,000, so $180,000; and AS to 2x hers, which this year is projected to be $50,000, so $100,000)

Current balance: $280,625

September 2016 balance: $290,052

Progress: -$9,427

To reach the goal by our birthdays in 2019, that's 28 months, so we'd need to contribute (or have assets appreciate) $7,116 per month to reach it. Yeah, that's probably not going to happen, but I'll keep doing the best I can!

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