Hi - I just found this thread and thought I'd join in.
I needed some motivation when I hit $1m in 2014 but couldn't yet retire. I set myself a goal of getting to $2m in 5 years and calculated I needed ~15% increase in NW a year. I thought it was ambitious but have been pretty close to it so far.
2014: $1,008k
2015: Goal $1,150k; Actual $1,191k
2016: Goal: $1,325k; Actual $1,353k
2017: Goal: $1,525k; YTD $1,477k
2018: Goal: $1,750k
2019: Goal >$2,000,000
Note:
- The above is in Australian dollars and I hope you all don't mind me tracking that way. Currency fluctuations would distort it too much otherwise.
- The above doesn't include a home and property prices are expensive in Australia. Not sure where I want to live once I stop working so holding off buying for now. I figure with $2m, I can decide how I want to allocate funds and also move to a lower cost location.
Another 2 years seems tantalisingly close but also a long way away when I have a tough day at work.