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September 2017 retirement goal progress

September 30th, 2017 at 01:36 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: $358,790

August 2017 balance: $345,182

Progress: $13,608

Holy wow! Quite the month. We made over 10 times the gains of last month. We blew past the 2017 mini-goal of $350K. Yay! This puts us more on track to reach our goals.

To reach the bigger interim goal by the end of our birthday month (March) in 2019, that's 18 months, so we'd need to contribute (or have assets appreciate) $135,953 -- $7,553 per month -- to reach it.

Still a stretch, but seems more doable!

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