My wife (28) and I (35) just hit the half point of a major milestone. I looked at our retirement spreadsheets/personal capital dashboard and saw that we've now crossed over the $500,000 threshold! I know that for some of you this isn't that big of a deal, but we all have to start from somewhere
For those interested, this includes his/her 401K, T-IRA, Roth, Pension payout (as lump sum if taken today)[cashed out pension] and home equity.
Happy Saving!
- Working
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UPDATES:
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ORIGINAL (06/03/14): Crossed over $500,000
UPDATE #1 (09/26/14): Hit $585,000 [Huge increase in home value and constant dumping into IRA & 401K]
UPDATE #2 (01/16/15): Hit $620,000 [Moved 'south' for a new job. Renting out the fixer-upper and big increase in pay and 401K match]
UPDATE #3 (11/11/15): Hit $642,330 Plugging away towards early retirement. Hopefully in another 10 years.
UPDATE #4 (11/15/16): Hit $706,503. Sold the house for a nice profit ($180,000). Decided to focus on my career and really work hard this past year. I got rewarded with a ~$20,000 raise when I approached management with other offers. I now have to refocus my attention into getting back to the gym!!
UPDATE #5 (03/03/17): Hit $766,395. Still need to refocus my attention into getting back to the gym!
UPDATE #6 (06/01/17): Hit $847,388. (Including old pension lump sum) Still need to refocus my attention into getting back to the gym (There's a theme here)! Amazing how making the decision to move affected my NW. In two years since we moved we've almost increased our savings by $200,000.
UPDATE #7 (04/16/18): Arrived at $996,729. My second son was recently born and it got me thinking about college, so I looked at my NW and decided to update this post. Almost in the 2 comma club
Looking forward to some sleep as well.UPDATE #8 (05/09/18): Crossed into the "2 comma club"!!!! Sitting around $1,022,500.00 as of right now. Pretty amazing that in 4 years we've een able to double our initial milestone mark
Still looking for that allusive sleep however.UPDATE #9 (12/18/20) [I'm now 43 and my wife is 35] : $1,536,114. Two kids in (5.5 and 2.5). A new house purchase and a major renovation have been ongoing since 2019. Amazon moved to the area and really drove up the home prices, which has really helped our value a lot [The ONLY reason we've seen a $500K increase in NW in 2 years. Previously took 4 to generate that increase]. Company has given me many merit bonuses and increased their 401K match by 4% - now 10% matching. My (company standard) 1.5% yearly raises, which were previously laughable, are now starting to add up to fund our yearly vacations. Looks like we'll have to save the trip for next year due to COVID. Life is good!
