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.
2017 year-end retirement goal progress
December 30th, 2017 at 02:02 am
December 30th, 2017 at 04:29 am 1514608140
December 31st, 2017 at 09:24 pm 1514755485
January 1st, 2018 at 02:49 pm 1514818191