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August 2018 retirement goal update

August 31st, 2018 at 07:28 am

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!

1 Responses to “August 2018 retirement goal update”

  1. rob62521 Says:

    Very good goals. That seems like a huge chunk to come up with each month, but you do have a plan. Glad to see an increase in your progress.

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