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September 2016 retirement goal progress

September 30th, 2016 at 11:28 pm

Goal: $479,875 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 is to get me to 3x my current salary, which is now $66,625, so $199,875; NT to 3x his, which is now $60,000, so $180,000; and AS to 2x hers, which this year is projected to be $50,000, so $100,000)

Current balance: $290,052

May 2016 balance: $285,018

Progress: $5,034

To reach the goal by our birthdays in 2019, that's 29 months, so we'd need to contribute (or have assets appreciate) $6,546 per month to reach it. We had virtually no help from the markets, but we managed to put quite a lot away for retirement this month!

1 Responses to “September 2016 retirement goal progress”

  1. rob62521 Says:
    1475351662

    Excellent progress!

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