Well, I said I would update at the end of each month. Guess that has turned into each quarter, so here's our latest:
10/02/2017 - $1,273k - Nice little quarter, I would say.
Race to 2024 - please join :)
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Well, I said I would update at the end of each month. Guess that has turned into each quarter, so here's our latest:
10/02/2017 - $1,273k - Nice little quarter, I would say.
End of Q3 2017 42.5% of target
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Finished Q3 at 41.6%
exnavynuke
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I'm at 37.3% of the goal based on current spending (using 12 month numbers starting last October) and 46% of the 3-year P/T work goal.
That did include a few thousand dollars I think are non-recurring expenses, but I figure better safe than sorry so I'm going to go with the total spending.
That did include a few thousand dollars I think are non-recurring expenses, but I figure better safe than sorry so I'm going to go with the total spending.
xmanz....I'm in for 2030 or 3 million in after tax investments whichever comes first! Not a day later. If you start a new thread i will join. Will be a combination of 401k, IRA, 3 Rentals, HSA, paid off house.
We hit a financial milestone - $500k - in invested assets, 4 months ahead of schedule. Plus my husband is down to one semester left of school - so only one more tuition payment for us!!
I expect us to really ramp up our savings next year. H got a part-time internship which comes with awesome and cheap health insurance. I'm currently contracting for the same company; I expect that next year they'll bring me on as a permanent employee, and my salary and benefits will increase.
We're also working at reducing our spending. I was inspired by Your Money or Your Life and Marie Kondo's decluttering book, and we've really started looking hard at how we choose to spend our time and money.
As of the end of Nov, we're at 35% of our retirement goal, have 50% equity in the house, and the college accounts are at 54% of our goal.
I expect us to really ramp up our savings next year. H got a part-time internship which comes with awesome and cheap health insurance. I'm currently contracting for the same company; I expect that next year they'll bring me on as a permanent employee, and my salary and benefits will increase.
We're also working at reducing our spending. I was inspired by Your Money or Your Life and Marie Kondo's decluttering book, and we've really started looking hard at how we choose to spend our time and money.
As of the end of Nov, we're at 35% of our retirement goal, have 50% equity in the house, and the college accounts are at 54% of our goal.
exnavynuke
Thinks s/he gets paid by the post
Nice work! Do you think you're on track to move up your target date, just on track, or behind your goal? I'd guess the former...
All depends on what "other plans" you have, and what changes you are willing to make. For example, do you want to leave a big legacy for your children? Or, are you willing to move to low COL area so that your money goes farther? Also, what are your retirement goals? Lots of travel? Being near kids/grandkids?
1/1/2018 - $1,354k - Still headed in the right direction. Let's see what 2018 has to offer.
Markola
Thinks s/he gets paid by the post
53% toward $3M target. This bull market is getting log in the tooth. Or is it? No one can know. If it crashes this year, we 2024ers still have time to treat it as a buying opportunity, no?
exnavynuke
Thinks s/he gets paid by the post
That's my plan if it does...
20180101: 42.4% of target (invested assets and cash only)
Invested assets and cash went backwards due to purchase of income property, but if I account the reduction in nest egg size required due to the cash flow I am doing better.
20180101:50% of target when including rental properties with current cash flow.
My cash flow reduces the needed nest egg size the same way that reducing expenses reduces the needed nest egg to support your spending.
My desired income is $100,000 annual or $8333 monthly, which means that my nest egg needs to be $3,000,000 using a 3 1/3% SWR.
My cash flow (assuming 50% expenses plus mortgage payments) before mortgage payoff is $635/month, or $7620/year. This is equivalent to a nest egg value of $228k at 3 1/3% SWR.
Once the mortgage is paid off the cash flow is equivalent to a nest egg of $750,000
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4/1/2018 - $1,398k - Smaller increase this quarter as the market hasn't helped. Luckily my contributions more than made up for the lack of market returns.
SnowBound
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2024 Goal: 1,400K & good health = RE in April @ 57
20180401: 41.1% of target (investments and cash only - dropping due to taking $65k for a down payment for another rental property)
End of Q1 - We're at about 36% of our retirement target (invested assets and cash), mortgage will be paid off in 9 years (52% equity), and we're at 56% of the college target (kids start college in 2024, 2025, 2027).
My husband graduates from college in May, and I convert from contractor to permanent employee about the same time. I expect we'll be able to turbo-charge our savings rate in a few months.
My husband graduates from college in May, and I convert from contractor to permanent employee about the same time. I expect we'll be able to turbo-charge our savings rate in a few months.
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07/02/2018 - $1,461k - Q2 was similar story to Q1. Moving in the right direction though.
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Finished Q2 at 1,394k or 46.5% of target 
What is your target?
You are doing awesome, we are slightly behind in $ but hope one day to catch up with you
What is your target?
