Goal: $512,564 by March 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 $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: $431,075
July 2018 balance: $421,009
Progress: $10,066
To reach the interim goal by the end of our birthday month (March) in 2019, that's 7 months, so we'd need to contribute (or have assets appreciate) $81,489 -- $11,641 per month -- to reach it.
We rarely come close to that, so it's pretty unlikely. But at least we're making progress in the right direction!
August 2018 retirement goal update
August 31st, 2018 at 03:28 pm
August 31st, 2018 at 03:48 pm 1535726896