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2017 year-end retirement goal progress

December 29th, 2017 at 06:02 pm

Goal: $492,077 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 2017 was $50,452, so $100,904). AS's 2017 salary went down from $51,785, so the goal is a little smaller for now.

Current balance: $390,774

November 2017 balance: $379,984

Progress: $10,790

We had a big month! If every month were like this we'd reach our goal. Will I reach it during the false optimism of greedy traders post-tax reform, before the reality of trickle-down economics stalls our economy? Only time will tell.

Compared with end of 2016:
2016 $297,419
Change $93,355
I mean, that's pretty astonishing. We averaged a gain of $7780 per month.

To reach the interim goal by the end of our birthday month (March) in 2019, that's 15 months, so we'd need to contribute (or have assets appreciate) $101,303 -- $6,754 per month -- to reach it.

I'll also have a 2018 mini-goal which I'll post with all my 2018 goals soon.

3 Responses to “2017 year-end retirement goal progress”

  1. frugaltexan75 Says:

    That's a fantastic growth!

  2. rob62521 Says:

    Amazing growth! Let's hope you have continued success.

  3. Rachael777 Says:

    Great job!!! Love the updates and inspirational stories

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