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October 2017 retirement goal progress

November 2nd, 2017 at 07:55 am

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: $372,435

September 2017 balance: $358,790

Progress: $13,645

We had another huge month, even a little more than last month! 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 17 months, so we'd need to contribute (or have assets appreciate) $122,308 -- $7,195 per month -- to reach it.

I'm suspicious of all the market gains, so I feel like we're going to see a fall soon. I guess it'll depend on timing as to whether we'll recover in time to get close to our interim goal. Only time will tell.

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