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Joined 1 year ago
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Cake day: June 25th, 2023

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  • At 29, we’re at $170k in retirement funds with $150k household income. I’ve been lucky to max my 401k and Roth IRAs for both my wife and I the past two years. The biggest thing I’ve done to accomplish that is increasing my contribution with each pay raise I’ve gotten. Our net income hasn’t increased much over the past 5 years, but our gross income has increased ~$60k.

    Every few months, I’ll run the numbers on what is needed to retire and I think we’re in pretty good shape. I intentionally don’t include my wife’s pension or Social Security in those calculations, which makes me feel a bit better about where we are.

    Year Age HHI Retirement
    2017 23 $95k $8,900
    2018 24 $100k $19,900
    2019 25 $110k $42,900
    2020 26 $120K $74,000
    2021 27 $135k $116,300
    2022 28 $140k $123,400
    2023* 29 $150k $171,900