Track your 2024 Savings Goals and Progress!

[oneday]

Next month the employer match should hit. Fun to fund a bucket so early in the year!
Congrats @ToughMother on your FIRE! That's awesome!



Bucket         Goal | Actual
401(k)     $ 23,000 | $ 9,662.90
Match      $  3,000 | $ 0
Roth       $  6,000 | $ 4,010.00
Taxable    $ 21,000 | $ 1,700.00
-----------------------------------------
Total      $ 53,000 | $ 15,372.90
Progress            |   29.0%

[Turtle]

Bucket	401k	Employer Match	HSA Regular	HSA Catch Up	ESPP
Goal	$30,500	$6,000	$4,150	$1,000	$10,000
January 2024	$1,653.06	$663.26	$1,766.66	$83.34	$826.54
End of Feb 2024	$3,306.12	$1,076.53	$1,983.32	$166.68	$1640.50
End of March 2024	$9,424.88	$2,194.32	$1,766.66	$83.34	$826.54

Bonus hit this month, plus a three payday month = bigger contributions this month vs last month.

[McStache]

March update:
Bucket         Current / Goal
401k          $  7,500 / $ 23,000
401k Match    $  2,000 / $  8,000
Taxable       $ 25,506 / $ 99,000
------------------------------------
Total         $ 35,006 / $130,000

Annual Savings Rate: 83.2%

% to Goal:
January       7.5%
February     18.9%
March        26.9%


An on-pace month for March. I got a small bonus and decent raise that will show up next month - these will make the current goal likely quite easy if I stick around my current job. But that's still an if, so I'll leave the goal as is for now and see where life takes me.

[TyGuy]

Q1 update: FIRE'd! With the vacation payout, I was able to max out the 457 and put a chunk towards some upcoming expenses noted above. Going forward, I'll be updating the TSP since spouse is still working, and if I pick up some odd jobs/PT work or we have a low expense month, hopefully we'll have a little more to toss into the CASH bucket. 

Congratulations @ToughMother I hope your first year of retirement is a joy!

[ToughMother]

Thanks so much for the good wishes, @oneday and @TyGuy !! So far, it has been a fun month of travel and women's college hoops. We live about 1.5 hrs from one of the venues, and went to some amazing games.

Next up, figuring out what "real retirement life" looks like! (And acclimating to no more biweekly paycheck - EGADS!)

[TyGuy]

             |    401K    |    Roth IRA    |    Taxable    |   Savings   |    Total     |  

Goal       | $  23,000 |       $  7,000   |     $  14,000  |    $ 6,000   | $  50,000  |    %    0.0    |

JAN        | $  2,657   |       $  1,200   |     $      0      |    $  750     | $   4,607   |    %    9.2    |

FEB        | $  3,281   |       $     0       |     $      0      |    $  151     | $  3,432   |    %    6.9    |

MAR       | $  4,420   |       $     0       |     $      0      |    $ 2,553   | $  6,973    |    %   13.9   |

APR        | $      0     |       $     0       |     $      0      |    $    0       | $       0     |    %    0.0    |


YTD       | $ 10,358 |      $  1,200   |     $      0      |    $ 3,454   | $ 15,012 |   %   30.0   |



The first quarter went really well, especially considering I have some additional money that I put away for a new house that is not showing here!

[Finwiz]

Taxable progress has slowed as we're planning a substantive bathroom reno. Hopefully will pickup some pace in May with a 3 paycheck month.

401k 1: $9,064 / $23,000 (39.4%)
Match 1: $4,950 / $12,200 (40.6%)
Mega Backdoor 401k: $28,800 / $33,800 (85.2%)
401k 2: $7,005 / $23,000 (30.5%)
Match 2: $1,168 / $4,500 (25.9%)
HSA: $1,277 / $8,300 (23.07%)
2022 IRAs: $14,000 / $14,000 (100.0%)
Mortgage Principal: $3,860 / $15,000 (25.7%)
Taxable Brokerage: $9,158 / $60,000 (15.3%)
529 Fund: $2,500 / $10,000 (25.0%)
====================
Total: $82,421 / $203,800 (40.4%)

[mizzourah2006]

Bonus paid out for me last month which lead to large increases in 401k and the match and at the same time an opportunity came up to buy into an apartment complex investment with some professional colleagues. I decided to take the majority of my bonus and invest in that. Thus, I made some pretty significant changes to the amount I'm planning to put into the brokerage this year. We also have some house related projects coming up I'll need to cashflow (new HVAC, some new windows, etc.).


Invested    / Goal
401k 1: $12,042 / $23,000
Match 1: $7,914 / $13,500
401k 2: $6,176 / $23,000
Match 2: $737 / $2,400
HSA: $2,628 / $8,300
IRAs: $14,000 / $14,000
529s: $0 / $10,000
Brokerage: $12,800 / $30,000
Real Estate: $50,000 / $50,000
Real Estate Note: $0 / $2,496
Mortgage: $2,415 / $10,500
====================
Total: $108,712 / $187,196 (58.07%)

[alcon835]

The percentage goal for me to be on track for February is 25.00%.

Bucket	Goal	Current
401K	$23,000	$9,082.17
Match	$1,293.32	$1,674.61
Roth 1	$7,000	$7,000.00
Roth 2	$7,000	$7,000.00
HSA	$8,300	$691.66
Dividends	$2,000	$588.98
Mortgage	$10,700	$2,696.57
Sabbatical Savings	$26,168.44	$26,168.44
Total	$85,461.76	$54,902.43
Percentage	100%	64.24%  (+39.24% of goal)

Update:
March was a weird month. I quit my job and started my sabbatical, and here we are three weeks later and I still feel like I'm detoxing from it all. But from a savings perspective, I'm exactly on track. So that's good. I have all the money I need for up to 12 months of savings and quite a bit more than I originally anticipated saving, so we're doing some home projects and considering traveling a bit over of the summer.

Other than that, I expect the next several months to be extremely boring here. 401K contributions stop after this month, so the only thing to tick up for awhile is dividends and my mortgage. But that's a good thing. I want this period of my life to be financially boring. That's the point of it all.

[MaybeBabyMustache]

Your numbers look good, @alcon835 ! I'm a couple of weeks ahead of you, and also feel like I'm still getting the hang of this new setup.

Financially, I don't have my severance yet, and still have a couple of paychecks left, plus my vacation payout, so I'll have a better financial picture in a few weeks/month. Plus, bonus, I'll know where DS18 will be attending college, and there's a huge difference between the three schools he's considering. I feel like full visibility is so close! Of course, then I'll have DS17 right behind him, and the process will begin again.