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Retirement goal progress

May 31st, 2017 at 09:33 pm

Goal: $494,743 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 $68,291, so $204,873; 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: $330,279

April 2017 balance: $324,735

Progress: $5,544

An OK bump, but not as much as we need to gain monthly to reach our interim goal. (At least it looks like we'll pass our 2017 mini-mini-goal of $350K before the end of the year!)

To reach the goal by our birthdays in 2019, that's 21 months, so we'd need to contribute (or have assets appreciate) $164,464 -- $7,832 per month -- to reach it.

1 Responses to “Retirement goal progress”

  1. LivingAlmostLarge Says:

    sounds doable.

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