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January 2018 retirement goal progress

February 1st, 2018 at 07:26 am

Goal: $512,564 by 2019

My salary increased 10% since last month, so our goal is more ambitious now! Which makes us farther behind, but that's OK.

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 $75,120, so $225,360; 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).

Current balance: $404,682

December 2017 balance: $390,774

Progress: $13,908

A really big month! To reach the interim goal by the end of our birthday month (March) in 2019, that's 14 months, so we'd need to contribute (or have assets appreciate) $107,882 -- $7,706 per month -- to reach it.

Not likely, but we'll keep plugging away!

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