Save 100k(couple) or 50k(single) in 2017

[StarBright]

We ended up at about $56,165/$60,000. (approx %93)

We actually had just enough to hit our goal but we decided to prepay property taxes instead. Thanks b42 for doing this thread the last couple of years (and also encouraging folks to join who can't hit the 100k mark). 

[NinetyFour]

ToughMother--I wish you all the best as you exit from your stressful job!  Thanks to all your savings, you are in the position to prioritize your health!  :)  I hope you will update us at some point as your exit date approaches--maybe in the "Class of FIRE 2018" thread?  :)

Hey @NinetyFour !! Thanks for checking in while on your mid-west visit! 

While I'd LOVE to be FIRE'd in 2018, the truth is I do have to find SOMETHING as this premature exit means I'll no longer have a pension to figure into my future plans.  I'll be leaving with 7 years of the 10 needed to be vested.  If I'm lucky, I'll find some other gig in the state system, but otherwise, it is back to the drawing board... 

My stress and health consequences are so bad, though, that I truly have no options -- I'm going to the doc today to get some help with my blood pressure.  I can't even imagine going back to work after break -- but I still have another week of sweet freedom before thinking about that trauma.  In the meantime, I'm doing a lot of projections (with assistance from Mark Zoril http://workshop.planvisionmn.com/96-plan/) to see what my options and needs are.

I'm grateful this position gave me a blockbuster savings year, but the cost has been far too high.  I'll share more when I "cut bait."  Congrats on your own upcoming FIRE!  SO impressed and you just knocked your goals for the year out of the park!  So terrific!

Happy New Year!

@ToughMother I hope you have been able to enjoy the rest of your break and that your doctor had some good suggestions for the high blood pressure!  I wish you all the best as you explore your other options.  I look forward to hearing more as you navigate your way out of this stressful position and into something more enjoyable!  I hope 2018 brings you much happiness and very little stress!  :)

[NinetyFour]

I'm a singleton.

Update--final figures for 2017:

401a:               $13,841 (counting both the employee and employer contributions)
403b:               $24,000
457:                $24,000
mortgage principal: $11,716

Total:              $73,557


I think I did OK.  :)

[SAfAmBrit]

18000   18000   401k 
1400    1400           401k match
5500     5500    Roth IRA
6500            6500   DH Roth IRA
36000   36000   Mortgage
15800   15800   Taxable Vanguard
4800            4800   Archaeology Dig 
12000   12000   Debt
100000   100000   

We hit the mark - big expense putting in low e windows this month. On to 2018!

[Rife]

401K + match (mine) - 23100
401k + match (hers) - 24400
HSA - 6750 - spent on lasik for each of us (not counted)

Emergency Fund - 15000
College Fund - 13000

Taxable brokerage - 18000
Mortgage principal - 8400

Total: $101900

Overall, we had a good saving year. We started our taxable brokerage and plan to put 48000 in it next year which will start the early retirement stash now that all the other stuff is out of the way.

[PharmaStache]

5.5k TFSA 1
5.5k TFSA 2
4k RRSP
2.5k RESP 1
5k RESP 2
19500 TFSA 1
8000 Taxable 15k
(not bothering to include pension contributions/matches this year)
=50k  57k

[boarder42]

401K + match (mine) - 23100
401k + match (hers) - 24400
HSA - 6750 - spent on lasik for each of us (not counted)

Emergency Fund - 15000
College Fund - 13000

Taxable brokerage - 18000
Mortgage principal - 8400

Total: $101900

Overall, we had a good saving year. We started our taxable brokerage and plan to put 48000 in it next year which will start the early retirement stash now that all the other stuff is out of the way.

I don't understand want you mean. Hopefully that's not at the cost of your tax advantaged accounts

https://www.madfientist.com/how-to-access-retirement-funds-early/

[Rife]

401K + match (mine) - 23100
401k + match (hers) - 24400
HSA - 6750 - spent on lasik for each of us (not counted)

Emergency Fund - 15000
College Fund - 13000

Taxable brokerage - 18000
Mortgage principal - 8400

Total: $101900

Overall, we had a good saving year. We started our taxable brokerage and plan to put 48000 in it next year which will start the early retirement stash now that all the other stuff is out of the way.

I don't understand want you mean. Hopefully that's not at the cost of your tax advantaged accounts

https://www.madfientist.com/how-to-access-retirement-funds-early/

I don’t understand your question. We used HSA funds to pay for lasik surgery for the two of us which is one of the covered procedures. I am just noting that since we saved it and spent it in the same year it cancels itself out in terms of savings.

[boarder42]

Nothing to do with the lasik it was your last paragraph about pumping 48k into taxable brokerage

[givemesunshine]

I managed $47,324.10/$50,000 (94.6%) - pretty happy, had $5,300 medical expenses out of pocket to cover so hopefully a healthier 2018 means I can exceed $50K.

Well done to everyone who reached their goals.

[ritz]

December/Year Totals:

	Goal	Actual	Remaining
401(K)	18,000	18,000	0
401(K) Match	7,200	7,211	(11)
2016 Roth IRA	1,500	1,500	0
2017 Roth IRA	5,500	5,500	0
2016 HSA	513	513	0
2017 HSA	3,400	3,400	0
Taxable	33,500	34,500	(1,000)
Total	69,613	70,624	(1,011)

101.45% Complete

The year is done and I made it! My net worth actually went up over twice the amount I saved, so it was a great year money-wise. Definitely made up for 2016 when my net worth went down. I'm looking forward to 2018, it should hopefully be even better (although I can't imagine that market returns will be able to match this year's).

[DirtDiva]

I'm in a couple of months late to the challenge, but we were already getting close.

24,000    my 457
11,383    my match
24,000    hub's 401k
  1,440    hub's match
12,170    mortgage principal
12,000    taxable savings
__________
$84,933

$37,416 so far, right on target for the year. 
If market gains counted, I would be all set for 2017 (as I'm sure most of you would be).

End:
35,383 My 457 + match
25100 hubs 401k and match
39,500 mortgage principal
______
Total: 99,983

So close!

[K-ice]

Is there a new one for 2018 started?

[boarder42]

we have a new thread

https://forum.mrmoneymustache.com/throw-down-the-gauntlet/save-50k-single-100k-couple-in-2018/

i dont want a mega thread new one each year.

[BlueHouse]

FINAL 2017 Progress against Goal
 

Year to date progress:       Saved          Goal    401k                               24,000              24,000       401k match                     34,995              30,000       Roth IRA                           6,500              6,500       Taxable Savings              51,600            100,000       xtra mortgage principal    23,340                     0 ------------------------------------------------------------------------------             YTD                                140,095            160,500         87% of goal

   
January YTD savings             14,485          160,500          9%
February YTD savings            36,995          160,500         23%
March YTD savings                39,505          160,500         25%
April   YTD savings                67,015          160,500         42%
May    YTD savings                59,525          160,500         37% (ugh)
June YTD savings                  62,035          160,500         39%
July YTD savings                   64,545          160,500         40%
August YTD savings               87,055         160,500          54%
SeptemYTD savings               89,565         160,500          56%
OctoberYTD savings              112,075        160,500          70%
November YTD savings          114,585       160,500           72%
December YTD savings          140,435        160,500          87%

Didn't quite make it, but I did divert about $30k into a cash account to fund 2018's 401k profit sharing contribution (for 2017 year).  Still, I'm counting on a cash based system, so I'll count that savings as 2018 when I transfer the cash into a long-term account.