Sorry if i missed the thread on this :). If i did, lmk and i'll delete this post.
I'm at:
post-tax Investments:~514k
401k: ~183k
hsa investments: ~5.5k
Cash (including non-invested HSA): ~43k
Total: ~746k
pretax income: ~200k (150k in biweekly checks, ~50k in equity split into 4 annual vestings)
rent: $4200
utilities: $300
other expenses: ~2k per month
Current strategy:
- frontloaded my pre-tax 401k, doing $175 twice a month for after-tax -> roth rollover
~3k per month in cash
~$400 per month added to my index accounts
- pretty risky (only because 90% of my investments are in 7 bluechip stocks) (90.3%), along with a small percentage (9.7%) being indexed via wealthfront.
- 401k is in vanguard retirement 2055 account.
- I haven't yet sold my annual equity vests
With these savings, I should be theoretically able to get there in ~3-4 years, but planning for steady investment growth that investments pay off (even with small 3-5% increases) instead of going bust ;).
Hope is that I can save ~70k per year plus 3-5% per year in stock growth, which would be ~35k a year from current valuations (though the market is quite volatile right now).