I realized I didn't do retirement goal progress on the last day of the month like I usually do. I guess because it was the last day before a holiday weekend it just slipped my mind! (Or maybe it didn't occur to me because the numbers for August were so underwhelming.) Anyway, these numbers are based on 8/31 totals, so they don't include the contributions and gains since then.
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: $345,182
July 2017 balance: $344,108
Progress: $1,074
We contributed more than that in August, so it was a loss overall. (At least it does still seem likely that 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 18 months, so we'd need to contribute (or have assets appreciate) $149,561 -- $8,309 per month -- to reach it.
August retirement goal progress (a bit late)
September 10th, 2017 at 07:34 am
September 10th, 2017 at 07:20 pm 1505067607
September 10th, 2017 at 08:05 pm 1505070333