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Savings milestone today.
Old 10-29-2007, 06:18 PM   #1
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Savings milestone today.

We just passed 300k in retirement savings for the 1st time. That's a 50% increase in 2 years since we got our act together. Aren't there boards wonderful?

Hoping to retire in 12 more years.
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Old 10-29-2007, 06:24 PM   #2
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Congratulations! How much do you plan to save before retiring?
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Old 10-29-2007, 06:32 PM   #3
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Nice! Hope to join you in the 300k in a few years And yes, these boards have really helped me. Thanks to all of you who contribute!
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Old 10-29-2007, 06:44 PM   #4
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Congratulations! How much do you plan to save before retiring?
Thanks. The range I'm looking for is 1.3 to 1.7 million.

I'm just now starting to accumulate savings in an after-tax brokerage account.
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Old 10-29-2007, 07:45 PM   #5
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That's a 50% increase in 2 years since we got our act together.
That's excellent work. Well done!
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Old 10-30-2007, 06:50 AM   #6
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Wonderful! And the bigger your nestegg gets, the faster it seems to grow.
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Old 10-30-2007, 11:37 AM   #7
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Congrats. GREAT JOB! You'll be there in no time at this rate.
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Old 10-30-2007, 01:08 PM   #8
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I've passed $400k three times already...
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Old 10-30-2007, 01:33 PM   #9
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I've passed $400k three times already...

today?
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Old 10-31-2007, 08:48 AM   #10
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Great job. I am FI and have used the $200-250k = $10k spending ratio to establish my savings goal. I have this in a taxable account, VG index + Wellington funds. I consider my 401k $ as a big bonus in 15 years. I am 45 now.

Having the saving and asset allocation goal made all of the difference. Keep up the good work.
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Old 10-31-2007, 08:57 AM   #11
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Great job. I am FI and have used the $200-250k = $10k spending ratio to establish my savings goal.

Can you explain this to a newbe?
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Old 10-31-2007, 09:07 AM   #12
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The 4% withdrawal rate implies that you retire with 25x your annual expenses. Therefore, 250K in the bank means 10K per year retirement income. You can think of it that way - for every 250K you save (or your nest egg appreciates), means another 10K per year retirement income available.

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Old 10-31-2007, 09:08 AM   #13
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Can you explain this to a newbe?
It's the 4% rule.

[Edit] Audrey is faster on the draw...
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Old 10-31-2007, 10:35 AM   #14
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I consider my 401k $ as a big bonus in 15 years. I am 45 now.
I agree. While I fully fund my registered investment opportunities, for retirement planning purposes I essentially ignore that money and focus on the income that my non-registered portfolio can generate (currently it is all re-invested, natch).

Such 'mental accounting' is perhaps rather silly, but it causes me to adopt a more conservative approach and builds in another layer of 'insurance'.
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Old 10-31-2007, 01:54 PM   #15
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Congratulations John Doe. Compounding is a beautiful thing!
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Old 05-06-2008, 03:58 PM   #16
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Ok. I had to go dig this thread up. 300k for the 2nd time.
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Old 05-06-2008, 04:22 PM   #17
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Ok. I had to go dig this thread up. 300k for the 2nd time.
LOL. I recently did the same thing at the 500K mark. Dropped below it around last December, rose above it again a couple weeks ago.
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Old 05-06-2008, 04:43 PM   #18
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I'm in the 300k twice club also!

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Old 05-06-2008, 05:21 PM   #19
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Just passed the $340K mark today (for the first time) after testing again the 300K milestone during the stock market pull back in January. Also a 50% increase from May 2006.
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Old 05-06-2008, 05:47 PM   #20
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Congrats on the 300,000 .. again! And as a bonus - you were putting cash in while the market was low - when we get back to 14,000 DOW you will be a happy camper!

I always was so excited when I hit the milestones(100,000- 200,000 etc), it was very motivating.
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