As part of my many retirement charts I’ve created one that shows visually how much I’ve saved in $10,000 increments. The market is already going gangbusters in 2018 (though who knows how long it will last) and as a result without any paycheck I have more than $250,000. Originally I was just excited to fill in another bubble on my visual net worth sheet and enthralled by the fun of thinking about having “a quarter of a million,” but I just realized something: $250,000 is half of what I need to retire. I’m halfway there! That’s crazy! And based on the magic of compound interest my money will keep working for me and start earning money faster than I can. It looks like I’m halfway to retirement money-wise and less than halfway in regards to time: 2 years and 11 months to go!
Halfway to Retirement!
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