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September 2018 retirement goal update

October 1st, 2018 at 11:58 am

Goal: $512,564 by March 2019

Current balance: $436,289 ($76,275 to go)

July 2018 balance: $431,075

Progress: $5,214

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.

To reach the interim goal by the end of our birthday month (March) in 2019, that's 6 months, so we'd need to contribute (or have assets appreciate) $76,275 -- $12,713 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!

2 Responses to “September 2018 retirement goal update”

  1. guppy Says:

    I think we're in a very similar boat to you when it comes to retirement. So I might be a little biased when I say it but here goes, you're doing a great job! :P

  2. ceejay74 Says:

    Thanks! Big Grin I figure, it may not be ideal, but it's a lot more than the vast majority of Americans will have saved. The retirement crisis is only growing; at least we'll have SOMEthing to draw on, unlike many.

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