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Retirement goal progress

February 28th, 2017 at 08:30 am

Goal: $489,745 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 (which changes whenever our salaries change) is to get me to 3x my current salary, which is now $66,625, so $199,875; NT to 3x his, which is now $62,100, so $186,300; and AS to 2x hers, which in 2016 was $51,785, so $103,570)

Current balance: $315,041

January 2017 balance: $304,883

Progress: $10,158

A big bump this month, though as I mentioned last month, I take it with a huge grain of salt.

To reach the goal by our birthdays in 2019, that's 24 months, so we'd need to contribute (or have assets appreciate) $174,704 -- $7,279 per month -- to reach it.

4 Responses to “Retirement goal progress”

  1. kashi Says:

    That's an amazing goal!

  2. ceejay74 Says:

    Thanks! It's a weird goal because so much depends on the market. But I thought it would be useful to set these incremental milestones and at least track how far off I am from the ultimate 8x goal.

  3. rob62521 Says:

    I just hope the market keeps making small and steady gains. Hope you reach your goals because if you do, it means we all do well!

  4. VS_ozgirl Says:

    I admire how closely you track your retirement savings and goals! It's always a bit of a reminder for me to log in and check my balance (which I might do as the market is up!)

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