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!
September 2016 retirement goal progress
September 30th, 2016 at 11:28 pm
October 1st, 2016 at 08:54 pm 1475351662