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December 2019 retirement goal update

December 31st, 2019 at 03:54 pm

Goal: $784,772 by March 2024

Current retirement balance: $541,036

November 2019 balance: $517,266

Progress since last update: $23,770

Still needed: $243,736

The new interim goal is based on getting my and NT's retirement to 4x our salaries (currently $75,120 and $64,118) 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
$64,118 x 4 = $256,472
$75,940 x 3 = $227,820

It will shift anytime our salary/annual income changes. (The only exception is I won't lower AS's if she has a lower-income year, because her income fluctuates. So I'm keeping it at the 2018 level because her 2019 income was a little less.)

There are 51 months to go before March 2024, so that means we need to gain $4779 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.

Posted in Uncategorized | 6 Comments »

6 Responses to “December 2019 retirement goal update”

  1. rob62521 Says:
    December 31st, 2019 at 09:14 pm 1577826871
    1577826871

    Do you feel that getting $4779 a month is reasonable and doable? It sounds like a fine idea and I sure hope you can do that. It's always good to see your retirement savings going up.

  2. ceejay74 Says:
    January 7th, 2020 at 03:58 pm 1578412729
    1578412729

    Hi rob! I think so...it'll really depend on how bad and how long the recession is when it finally comes, but we contribute about $3K per month on average, so we only have to gain about $1800 per month to make that amount. As we save more and more, that becomes more doable, so hopefully we'll see more momentum as we go.

  3. Mark Says:
    June 29th, 2026 at 10:45 am 1782729931
    1782729931

    Such an important topic that everyone should be thinking about early! Setting clear retirement goals is the foundation of a secure and stress-free future — whether it's financial planning, lifestyle choices, or making sure all your important documents and legal affairs are perfectly in order before you step away from your career. And that last part is where so many people fall short — leaving legal documents, estate plans, and case records disorganized and inaccessible. That's exactly why Evidencedesk is such a valuable tool

  4. Mark Says:
    June 29th, 2026 at 11:05 am 1782731157
    1782731157

    Such an important topic that everyone should be thinking about early! Setting clear retirement goals is the foundation of a secure and stress-free future — whether it's financial planning, lifestyle choices, or making sure all your important documents and legal affairs are perfectly in order before you step away from your career. And that last part is where so many people fall short — leaving legal documents, estate plans, and case records disorganized and inaccessible. That's exactly why Evidencedesk is such a valuable tool

  5. Mark Says:
    June 29th, 2026 at 11:08 am 1782731320
    1782731320

    Such an important topic that everyone should be thinking about early! Setting clear retirement goals is the foundation of a secure and stress-free future — whether it's financial planning, lifestyle choices, or making sure all your important documents and legal affairs are perfectly in order before you step away from your career. And that last part is where so many people fall short — leaving legal documents, estate plans, and case records disorganized and inaccessible. That's exactly why Evidencedesk is such a valuable tool.

  6. Emma Bennet Says:
    July 17th, 2026 at 07:23 am 1784273017
    1784273017

    Great breakdown of your retirement goals and progress. Planning for retirement isn't only about growing your savings it's also important to keep financial and legal documents well organized for the future. Tools like EvidenceDesk can help people securely manage important records and stay prepared. Wishing you continued success in reaching your goals!

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