Goal: $776,700 by March 2024
Current retirement balance: $517,266
October 2019 balance: $506,160
Progress since last update: $11,106
Still needed: $259,434
The new interim goal is based on getting my and NT's retirement to 4x our salaries (currently $75,120 and $62,100) by the time we turn 50 and AS's retirement values to 3x her annual income ($75,940 in 2018) by the time she turns 45.
$75,120 x 4 = $300,480
$62,100 x 4 = $248,400
$75,940 x 3 = $227,820
It will shift anytime our salary/annual income changes.
There are 52 months to go before March 2024, so that means we need to gain $4989 per month on average to meet our goal.
The ultimate goal we're working toward is 8x our annual income by the time we retire at 65.
November 2019 retirement goal update
December 3rd, 2019 at 04:04 pm