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Retirement goal progress (4th of many posts today)

December 31st, 2015 at 07:31 pm

The goal: $486,000 in retirement assets by 2019

Current balance: $258,118

Nov balance: $256,156

Progress: $1,962

Working toward this goal is like wading through molasses lately. I contributed over $4K this month but poor fund performance meant only minimal progress.

To reach the goal by our birthdays in 2019, that's 38 months, so we'd need $5997 per month to reach it. Not likely through straight contributions, so we'll have to hope for some growth on top of that! Buying low, buying low...

Posted in Uncategorized | 2 Comments »

2 Responses to “Retirement goal progress (4th of many posts today)”

  1. BuckyBadger Says:
    January 5th, 2016 at 04:30 am 1451968254
    1451968254

    Perhaps rather than a goal as far as how much money is in your accounts you should just make a goal as to how much you put in. You can't control fund performance - you can only control your contributions. Abd total value is irrelevant unless you're retiring tomorrow. I track my growth out of habit, but the only number that matters to me is how much i contribute. Otherwise you may have to put 5 times as much in one year and nothing at all in another year - and that doesn't make any sense at all as it's all based on market performance.

    It'll make your life a lot easier, though, for sure!

  2. ceejay74 Says:
    January 5th, 2016 at 04:42 am 1451968920
    1451968920

    I definitely see your point, but the goal is based on the retirement balance rule of thumb. I do have benchmarks for how much I want to be contributing, so I'll keep pursuing those in up months and down. I'm sure looking forward to a month where everything I contributed is still there, plus a little more! That hasn't happened since I started trying in earnest to catch up.

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