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!
September 2018 retirement goal update
October 1st, 2018 at 06:58 pm
October 3rd, 2018 at 11:16 am 1538565415
October 3rd, 2018 at 02:45 pm 1538577934