The Money Mustache Community

General Discussion => Throw Down the Gauntlet => Topic started by: boarder42 on December 29, 2017, 06:07:48 AM

Title: Save 50k single 100k couple in 2018
Post by: boarder42 on December 29, 2017, 06:07:48 AM
Throwing it down again congratulations to all from the last 2 years.

This year I'm going to up ours to 110k which is a real stretch goal as we've got a baby due in July.

Guess i should drop some details on how we'll get there

401k 1 - 18500
401k 2 - 18500
Match 1 - 3300
Match 2 - 5700
HSA - 6900
ESOP - 12000
Roths - 11000
Taxable - 44000
Title: Re: Save 50k single 100k couple in 2018
Post by: Bateaux on December 29, 2017, 06:57:52 AM
Good luck with that savings goal and your child.
Title: Re: Save 50k single 100k couple in 2018
Post by: 2Birds1Stone on December 29, 2017, 07:16:33 AM
This is a HUGE stretch since our combined gross income is likely to be ~$130k......but we will try to get as close as possible.
Title: Re: Save 50k single 100k couple in 2018
Post by: Need2Save on December 29, 2017, 07:58:48 AM
We are in for another year! 

Here are our goals for 2018:
$ 18,500 -- 401k Mrs
$   6,593 -- 401k Match Mrs
$ 18,500 -- 401k Mr
$   5,122 -- 401k Match Mr
$   5,230 -- HSA Mrs
$   1,670 -- HSA Mr
$ 60,000 -- Taxable Investments
$   8,000 -- Other Savings
$ 30,900 -- Extra Principal Payments
$154,515 -- TOTAL GOAL FOR 2018

Stretch goal is to hit $160,000 again if certain things line up (like good annual bonuses and Mr.N2S receives Profit Sharing into his 401k). We have an ambitious goal on the taxable invesments this year that is boosted by no longer adding to college savings.
Good luck to everyone with your goals in 2018!
Title: Re: Save 50k single 100k couple in 2018
Post by: Fomerly known as something on December 29, 2017, 08:30:53 AM
I'm in for $75,000 as a single person. 

I'll be counting mortgage principal pay down somewhere between $5,000-$6000.
401k:  $18,500
401k match:  $6700
HSA:  $3450 
Roth IRA:  $5,500
Taxable:  $36,000
Title: Re: Save 50k single 100k couple in 2018
Post by: McStache on December 29, 2017, 01:44:41 PM
I'm in for another year!

Single: $50,000

Comfortably exceeded that in 2017, but likely taking a pay cut (for a much better work/life balance) soon, so it will be a lot tighter to meet this goal in 2018.
Title: Re: Save 50k single 100k couple in 2018
Post by: Rife on December 31, 2017, 08:23:24 AM
We are in again.

401k and match (mine): $23000
401k and match (hers): $24000
HSA: $5000
Mortgage Principal: $9000
Taxable: $48000

Total: $109000
Title: Re: Save 50k single 100k couple in 2018
Post by: Ocinfo on December 31, 2017, 09:29:07 AM
We are in.

401k and match (mine): $36.5k
401k w/no match (hers): $18.5k (new job so no match for 1 year)
2x Roth IRA (possibly Backdoor): $11k
Rental unit principal: $1.5k
Assorted low or no interest debt pay down: $11k
Taxable: $36.5k

Total: Goal of $115k with $100k as a likely minimum.


Sent from my iPhone using Tapatalk
Title: Re: Save 50k single 100k couple in 2018
Post by: SAfAmBrit on December 31, 2017, 09:45:49 AM
We are in for another year

$ 18,000--401k
$   1,500--401k match
$   5,500--Roth
$   6,500--DH Roth
$ 60,000--Taxable Investment
$   8,500--Windows Saving
_________________________
$100,000--Target

Title: Re: Save 50k single 100k couple in 2018
Post by: StarBright on January 01, 2018, 01:10:18 PM
I'm in again for 2018.

Actually lowering our goal this year because we have a ton of differed home, car, and life maintenance that we will need to spend money on this year but I want to make sure I hit a minimum of 50k for the two of us.

401k Starbright   $15,000.00
401a Starhus (includes match)   $13,230.00
Roth Starbright   $1,500.00
Roth Starhus   $1,500.00
Starbright employer match   $1,500.00
457b Starhus   $4,200.00
HSA    $3,000.00
Taxable inv/Money Market   $5,270.00
Extra Mortgage Principal   $4,800.00
   
Total   $50,000.00 (for a couple)

 
Title: Re: Save 50k single 100k couple in 2018
Post by: salt cured on January 01, 2018, 07:22:26 PM
SO and I saved $102k last year. For 2018, the goal is $130k total with $100k in tax deferred accounts, $15k in cash, $10k in a taxable account, and $5k to debt.
Title: Re: Save 50k single 100k couple in 2018
Post by: NinetyFour on January 01, 2018, 07:38:11 PM
Singleton.

Two notes:  I am retiring roughly half way through 2018.  I will receive a lump sum of a full year's salary as an incentive payout.

Savings Goals for 2018:

401a:  $6800 (that includes both employee and employer contributions)
403b:  $24,500
457:  $24,500
mortgage principal:  $8000
taxable account:  $27,000
max Roth IRA 2017:  $6500
max Roth IRA 2018:  $6500

total:  $103,800
Title: Re: Save 50k single 100k couple in 2018
Post by: givemesunshine on January 02, 2018, 04:51:32 AM
I'm in again - hoping to reach the $50K this time after just falling short in 2017.

Good luck to all.
Title: Re: Save 50k single 100k couple in 2018
Post by: MM_MG on January 02, 2018, 10:56:50 AM
Going to make it this year without counting bonus or taxable contributions...

$18,500  His 401K
$13,500  His Match
$18,500  Her 401K
$1,500    Her Match
$11,000  His/Her backdoor roths
$23,000  Mega backdoor roth
$8,000    Pension
$6,750    HSA with employer contribution
$X.XX     Taxable
$X.XX     Bonus
Title: Re: Save 50k single 100k couple in 2018
Post by: recklesslysober on January 04, 2018, 02:37:09 PM
I'm just posting to lurk.. I saw this thread in 2016 and thought.. maybe in 10 years from now! But in 2017 I paid off $30,000 of my student loans (almost $35,000 with interest). With less spending and a higher income I could probably pull off $50,000 in 2020 after I'm debt free!

All the best to everyone here, it's quite the inspiration to see these numbers!
Title: Re: Save 50k single 100k couple in 2018
Post by: FireHiker on January 04, 2018, 02:49:56 PM
We're going to try again this year! Last year we saved $85,266.95, short of our 100k goal but our best savings year ever to date. I'm determined to do a better job of hitting the 100k this year. Here are our tentative plans (note, we have 2 401k loans we are paying back way ahead of schedule; I count the repayments as "savings" because it is extra money going back into savings...)

My 401k: $18,500
My 401k match: $7213 (may go up at raise time?)
Husband's 401k: $24,500
Husband's 401k match: $9196 (may go up at raise time?)
HSA: $6900
childcare flex spending, all deposited to savings: $5,000
This brings it to $71,309 and covers all of the definite savings. The remaining $28,691 is up to us to set aside. It will likely be in the form of 401k loan repayments (about 19k left on mine, 45k on my husband's, from our house downpayment in 2012 before discovering MMM). We may move the childcare flex savings into 401k loan repayments because we REALLY want those gone...we now have access to a mega backdoor roth but really want the loans gone before we contribute to it.
Title: Re: Save 50k single 100k couple in 2018
Post by: kickel on January 04, 2018, 03:16:04 PM
Sign me up:

2017 saved = $39,528

What's another $10,500? Plus with an increase in salary, my stretch goal will be $75,000. Wish me luck!

Ira: $5,500 - Done
HSA: $3,450
House Down payment: $20,000
Taxable: $21,050+

Hopefully, my company adds a 401k this year so I can save more tax-deferred.
Title: Re: Save 50k single 100k couple in 2018
Post by: boarder42 on January 05, 2018, 12:52:44 PM
Sign me up:

2017 saved = $39,528

What's another $10,500? Plus with an increase in salary, my stretch goal will be $75,000. Wish me luck!

Ira: $5,500 - Done
HSA: $3,450
House Down payment: $20,000
Taxable: $21,050+

Hopefully, my company adds a 401k this year so I can save more tax-deferred.

its beyond dumb in this country that retirement savings and healthcare are tied to employers.
Title: Re: Save 50k single 100k couple in 2018
Post by: Blissful Biker on January 05, 2018, 04:28:13 PM
I am in!  In 2017 we saved $67k CDN, which is 50% of our net income.  I am the primary breadwinner and have been working part time and feeding teenage boys.  So I am pretty pleased with the savings rate but always keen to do better. 

Setting a goal to save $75K in 2018.  If the office needs me to return to full time (fingers crossed that they won't), I'll bump the goal to $100K.  I love working part time - balancing enjoying today and enjoying the future.  If I stay part time I will FIRE in 6 years and I am good with that.

Her TFSA: $5500
His TFSA: $5500
Her RRSP: $20K
His RRSP:  $20K
RESP: $5000
Car Savings: $10K
Taxable Account: $9K
----------------------------
$75K

Yes, car savings aren't truly savings but we haven't bought one in 15 years and it is time.  Besides, this is my post and I can make up my own rules.  :)

If all goes according to plan we will need to open our first taxable account before the end of 2018.  Hooray!  That is a big milestone.
Title: Re: Save 50k single 100k couple in 2018
Post by: MrThatsDifferent on January 06, 2018, 10:32:38 PM
Iím in again too.  In a couple but going it alone, still aiming for the couple goal though.
Title: Re: Save 50k single 100k couple in 2018
Post by: ACyclist on January 07, 2018, 09:52:42 AM
There is no way we can do this.  That is about our entire income.  HAHA

Our savings plan for the year:

Max my 403b at 50 yr rates 24K
Max my husband's 403b18K
Receive 403a from his work 3-4k
max both roths 12K
After tax savings 20K (last years savings rate)

That's about 77K
Title: Re: Save 50k single 100k couple in 2018
Post by: SAfAmBrit on January 07, 2018, 10:28:39 AM
We are in for $100,000 again this year. I have 1 called Debt - it is not debt but my new low e glass windows windows for my desert home. My rules!

18000   401k 
1400           401k match
5500           Roth IRA
6500           DH Roth IRA
60000   Taxable Vanguard
10000   Debt
101400   

I am also changing jobs - I am nervous and excited but for the first time when it comes to work I am taking a chance which my financial situation is allowing me to do - if it does not work out c'est la vie! Working from home for more money. So it may be more or less.
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on January 07, 2018, 12:52:03 PM
My family is in for this challenge again this year.

Married, one income, two kids.  We can't quite make $100k, but $88k should be doable (up from $80k last year)


HSA                   $4900
HSA Match             $2000
401K After Tax       $29270
401K Employer Match   $7230
401K Pre Tax         $18500
Roth IRA              $5500
Wife Traditional IRA  $5500
Mortgage Principal    $8834
Taxable Account       $7000

Total:               $88734



Good luck to everyone on the challenge!
Title: Re: Save 50k single 100k couple in 2018
Post by: Bateaux on January 07, 2018, 01:21:32 PM
Oh please.
401k $24500
401k match $5000
401k $24500
401k match  $5000
Roth IRA  $6500
Roth IRA  $6500
Defined Benefit Pension $12000
Taxable $24000
Title: Re: Save 50k single 100k couple in 2018
Post by: Fi365 on January 08, 2018, 09:33:30 AM
Challenge accepted!

My LLC's self-employment varies a bit, but if I earn $175,000 this year (hit $200,00+ last year), then we can save here:

$18,500 TSP
$3,128 TSP match
$11,000 IRAs
$3,600 529 plan
$30,000 SEP IRA for 2018
$25,000 SEP IRA for 2017 (TBD based on ~April 2018 taxes and max available)
$63,000 mortgage

= $150,000, of which $100,000 will come from our "surplus" earnings thanks to making a lot and living a frugal lifestyle and $50,000 will intentionally draw down our bloated savings account

Before anyone balks at our high household income that makes this possible, please know that I drive a 1999 car worth $3,000 that still has a (functional) tape player.

Title: Re: Save 50k single 100k couple in 2018
Post by: FireHiker on January 08, 2018, 09:46:30 AM
its beyond dumb in this country that retirement savings and healthcare are tied to employers.

Isn't that the truth!!
Title: Re: Save 50k single 100k couple in 2018
Post by: BlueHouse on January 08, 2018, 10:12:03 AM
Challenge accepted!

My LLC's self-employment varies a bit, but if I earn $175,000 this year (hit $200,00+ last year), then we can save here:

$18,500 TSP
$3,128 TSP match
$11,000 IRAs
$3,600 529 plan
$30,000 SEP IRA for 2018
$25,000 SEP IRA for 2017 (TBD based on ~April 2018 taxes and max available)
$63,000 mortgage

= $150,000, of which $100,000 will come from our "surplus" earnings thanks to making a lot and living a frugal lifestyle and $50,000 will intentionally draw down our bloated savings account

Before anyone balks at our high household income that makes this possible, please know that I drive a 1999 car worth $3,000 that still has a (functional) tape player.
I don't understand this math.  If you're drawing down from a savings account, you are spending, not saving.  If you're transferring between two accounts, it's just a transfer...not a savings.   Also, your posted numbers add up to $154,228. 
Title: Re: Save 50k single 100k couple in 2018
Post by: BlueHouse on January 08, 2018, 10:33:24 AM
I'm in for 2018 again. 
I didn't quite hit goal last year, but for 2018, my target is:

$24,000 401k
$36,000 401k match
$  6,500 IRA to Roth
$40,000 Taxable
$20,000 Sinking fund for car purchase in 2018
$23,340 xtra mortgage principal

=======================
149,840 TOTAL 2018 Goal

$  2,510  January YTD Progress  = 1.7% of goal

Title: Re: Save 50k single 100k couple in 2018
Post by: BiggerFishToFI on January 08, 2018, 10:40:42 AM
Wife and I only hit 62k last year but plan to slash our spending this year by 25k! That combined with more tax deferred money will hopefully get us there.

401k 1: $18500 + $4600 match = $23,100
401k 2: $18500
457: $18500
Roth IRA 1: $5500
Roth IRA 2: $5500
Student Loan Repayment: $28,900

Total: $100,000!

Stretch goal is to KILL the student loans which are sitting at $49k right now.
Title: Re: Save 50k single 100k couple in 2018
Post by: Fi365 on January 08, 2018, 10:47:53 AM
Challenge accepted!

My LLC's self-employment varies a bit, but if I earn $175,000 this year (hit $200,00+ last year), then we can save here:

$18,500 TSP
$3,128 TSP match
$11,000 IRAs
$3,600 529 plan
$30,000 SEP IRA for 2018
$25,000 SEP IRA for 2017 (TBD based on ~April 2018 taxes and max available)
$63,000 mortgage

= $150,000, of which $100,000 will come from our "surplus" earnings thanks to making a lot and living a frugal lifestyle and $50,000 will intentionally draw down our bloated savings account

Before anyone balks at our high household income that makes this possible, please know that I drive a 1999 car worth $3,000 that still has a (functional) tape player.
I don't understand this math.  If you're drawing down from a savings account, you are spending, not saving.  If you're transferring between two accounts, it's just a transfer...not a savings.   Also, your posted numbers add up to $154,228.

Oops, newbie here. I heard the term "savings rate" for the first time literally this month and didn't know where to lump savings account stuff. I intentionally rounded $154,225 to $150,000 just to verify that yes, we could reach the $100,000 challenge for the household.

I see that others are including the principal section of their mortgage payments, so I included those, too.

Okay, the corrected numbers would be:

$18,500 TSP
$3,128 TSP match
$11,000 IRAs
$3,600 529 plan
$30,000 SEP IRA
$7,802 mortgage #1 regular principal payments
$6,616 mortgage #2 regular principal payments
$63,389 mortgage #1 additional principal payments
= $144,045 (and ~$25,000 more towards the SEP IRA's 2017 tax year, which'll come out of the boring old savings account. No plans to add anything to the boring old savings account in 2018.)
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on January 08, 2018, 01:01:19 PM
I'm going to shoot for as high as possible this year, but won't hit my last years high of $110K.

Our hours have been capped at 40 for my main contract so unless some side work comes up (didn't have time for it last year) I'll do significantly less overtime (none).

I've also decided to save more in my TFSA (tax free growth) this year instead of maxing RRSP (tax deferred savings) so the taxes eat up a lot.

Anyways:

Current Goals are

$42,415 TFSA
$22,124 RRSP

DateTo Date / Goal%
Jan 2017TBU / $ 64,5390
Title: Re: Save 50k single 100k couple in 2018
Post by: sisto on January 08, 2018, 03:55:56 PM
I'll join, but I won't be able to hit $100K for a couple. We are a single family income, so I can't put in 401K for DW.

401K $18500
IRA 1 $5500
IRA 2 $6500
HSA $6900
FSA $600
Match $6000 (not exactly a match, but will be about this much put in by employer)
ESPP $12000 (this is an estimate full value based on sell and reinvest)
RSU $10000
Tax $15000

I estimate about $81000, this is slightly higher than last year mostly due to increased maximums. Not sure about counting principal payments or not, but if added that's ~$12000 which puts us close to the challenge goal.
Title: Re: Save 50k single 100k couple in 2018
Post by: Bumbles8 on January 08, 2018, 05:51:04 PM
I'll join even if I'm not sure I can make it:

401k - 18,500
401k match - 3,500
HSA - 3,000
HSA match - 400
Roth - 5,500
Last debt - 3,000   (My post, my rules as others said)
Add to savings acct - 5,000   (Guess)
Taxable - 3,000   (Need to open, also a guess)
Total - 42k

That would be a great year.  Will need a miracle (gains - which don't really count) to make it to 50k

Need pretty much all of that to make it to 100k NW this year - so, let's go!
Title: Re: Save 50k single 100k couple in 2018
Post by: Fi365 on January 08, 2018, 08:08:00 PM
Wife and I only hit 62k last year but plan to slash our spending this year by 25k! That combined with more tax deferred money will hopefully get us there.

401k 1: $18500 + $4600 match = $23,100
401k 2: $18500
457: $18500
Roth IRA 1: $5500
Roth IRA 2: $5500
Student Loan Repayment: $28,900

Total: $100,000!

Stretch goal is to KILL the student loans which are sitting at $49k right now.

Wow, how are you slashing your spending by 25k? Please teach me your ways, o wise one.
Title: Re: Save 50k single 100k couple in 2018
Post by: BiggerFishToFI on January 08, 2018, 09:35:46 PM
Wife and I only hit 62k last year but plan to slash our spending this year by 25k! That combined with more tax deferred money will hopefully get us there.

401k 1: $18500 + $4600 match = $23,100
401k 2: $18500
457: $18500
Roth IRA 1: $5500
Roth IRA 2: $5500
Student Loan Repayment: $28,900

Total: $100,000!

Stretch goal is to KILL the student loans which are sitting at $49k right now.

Wow, how are you slashing your savings by 25k? Please teach me your ways, o wise one.

Should be easy since we have been non-mustachian spendy pants! Just discovered MMM in April of 2017 and made some very noticeable improvements but still have a ton of room to slash spending.

Another thing I didn't mention is my wife should be (hopefully) getting a big pay raise for the second half of the year as she is finishing her final year of residency.

Goal is to go from $76k spend to <$50k spend! Which equates to increasing our savings rate from 45.5% to 64%! And would move our FI date from 11.3 to 7.5 years!
Title: Re: Save 50k single 100k couple in 2018
Post by: Fi365 on January 08, 2018, 11:04:33 PM
Wife and I only hit 62k last year but plan to slash our spending this year by 25k! That combined with more tax deferred money will hopefully get us there.

401k 1: $18500 + $4600 match = $23,100
401k 2: $18500
457: $18500
Roth IRA 1: $5500
Roth IRA 2: $5500
Student Loan Repayment: $28,900

Total: $100,000!

Stretch goal is to KILL the student loans which are sitting at $49k right now.

Wow, how are you slashing your savings by 25k? Please teach me your ways, o wise one.

Should be easy since we have been non-mustachian spendy pants! Just discovered MMM in April of 2017 and made some very noticeable improvements but still have a ton of room to slash spending.

Another thing I didn't mention is my wife should be (hopefully) getting a big pay raise for the second half of the year as she is finishing her final year of residency.

Goal is to go from $76k spend to <$50k spend! Which equates to increasing our savings rate from 45.5% to 64%! And would move our FI date from 11.3 to 7.5 years!

(Oops, meant to say "slashing your spending" and not "slashing your saving;" glad you understood.)

Congrats on all the smart moves. We discovered MMM a few years ago, thought it was totally impossible, forgot about it, and found another (milder) financial podcaster named Pete the Planner. We listened to and read his stuff for a few years and decreased spending consistently since then. And yet, we still have SO MUCH room for improvement. Best of luck on your savings journey!
Title: Re: Save 50k single 100k couple in 2018
Post by: jpeizie on January 12, 2018, 08:44:08 AM
My 2018 goals...

401k: $18500
401k match: $4500
His IRA: $5500
Her IRA: $5500
Taxable savings: $18000

Total: $52k

The taxable savings will be hard based on our current spend rates... last year we "only" managed to save $40k. Always trying to improve tho!
Title: Re: Save 50k single 100k couple in 2018
Post by: drumstache on January 12, 2018, 09:02:09 AM
I'm in (Single):
401K: 18500

401k matching: 3000
IRA: 5500
Taxable VK: 36,000  (minimum, if market makes a 'correction', will dump more into this)

Total:  63,000





Title: Re: Save 50k single 100k couple in 2018
Post by: ritz on January 16, 2018, 12:18:37 PM
I'm in again this year. I'm starting a new job in two weeks where I will make more money (yay!), but lose my 401(K) match (boo) and access to an HSA (boo).

Goal is:
-18,500 401(K)
-5,500 Roth IRA
-40,000 taxable savings
plus whatever my January match is and a month of H.S.A. for a little over $64,000 in savings.

The thing that looks most likely to derail this in 2018 is that one of my roommates is getting serious with her boyfriend and they are talking about getting engaged, so there is a big chance she will move out by the end of the year, and I think I will just pay her portion of the rent instead of moving (our apartment is under rent control so it would actually be cheaper to stay and pay 2/3rds of our rent than move to a 1 bedroom if I want to stay in my neighborhood) or getting another roommate (I think I'm getting too old to have to learn to put up with yet another person).
Title: Re: Save 50k single 100k couple in 2018
Post by: BlueHouse on January 17, 2018, 12:55:31 PM

Oops, newbie here. I heard the term "savings rate" for the first time literally this month and didn't know where to lump savings account stuff. I intentionally rounded $154,225 to $150,000 just to verify that yes, we could reach the $100,000 challenge for the household.

I see that others are including the principal section of their mortgage payments, so I included those, too.

Okay, the corrected numbers would be:

$18,500 TSP
$3,128 TSP match
$11,000 IRAs
$3,600 529 plan
$30,000 SEP IRA
$7,802 mortgage #1 regular principal payments
$6,616 mortgage #2 regular principal payments
$63,389 mortgage #1 additional principal payments
= $144,045 (and ~$25,000 more towards the SEP IRA's 2017 tax year, which'll come out of the boring old savings account. No plans to add anything to the boring old savings account in 2018.)

Welcome to the club Fi365. 
To tell you the truth, whatever you want to count for motivation is what matters the most as far as I'm concerned.  You'll find if you dig a little in the forums that there are many people with different opinions on how to calculate savings rate! 

Good luck!
Title: Re: Save 50k single 100k couple in 2018
Post by: StarBright on January 18, 2018, 07:18:40 AM
I'll join even if I'm not sure I can make it:

401k - 18,500
401k match - 3,500
HSA - 3,000
HSA match - 400
Roth - 5,500
Last debt - 3,000   (My post, my rules as others said)
Add to savings acct - 5,000   (Guess)
Taxable - 3,000   (Need to open, also a guess)
Total - 42k

That would be a great year.  Will need a miracle (gains - which don't really count) to make it to 50k

Need pretty much all of that to make it to 100k NW this year - so, let's go!

Bumbles8- I never make my goal! But, I've done the challenge for the last two years and saved so much more than I would have otherwise! I think the first year I did it I had initially planned on trying to save 30k but joined this challenge and even though we didn't hit 50k we came close. Last year we were aiming for 60k and hit 56k.

If we hadn't joined the challenge we would have saved around 60k. With the challenge we saved about 100k in two years. Even though we "lost" - we won! Have fun and good luck!
Title: Re: Save 50k single 100k couple in 2018
Post by: Fi365 on January 18, 2018, 09:57:59 AM

Oops, newbie here. I heard the term "savings rate" for the first time literally this month and didn't know where to lump savings account stuff. I intentionally rounded $154,225 to $150,000 just to verify that yes, we could reach the $100,000 challenge for the household.

I see that others are including the principal section of their mortgage payments, so I included those, too.

Okay, the corrected numbers would be:

$18,500 TSP
$3,128 TSP match
$11,000 IRAs
$3,600 529 plan
$30,000 SEP IRA
$7,802 mortgage #1 regular principal payments
$6,616 mortgage #2 regular principal payments
$63,389 mortgage #1 additional principal payments
= $144,045 (and ~$25,000 more towards the SEP IRA's 2017 tax year, which'll come out of the boring old savings account. No plans to add anything to the boring old savings account in 2018.)

Welcome to the club Fi365. 
To tell you the truth, whatever you want to count for motivation is what matters the most as far as I'm concerned.  You'll find if you dig a little in the forums that there are many people with different opinions on how to calculate savings rate! 

Good luck!

We spent the last DECADE thinking that investing the employer match (~3-5%) was enough. We literally had no idea what we were "supposed" to do with extra money we didn't need to spend. We bought some cars and motorcycles and mortgages and still had plenty leftover. THANK GOODNESS we finally discovered the FI community!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Raising the bar on savings rates and retirement goals!!!!!!!!!!
Title: Re: Save 50k single 100k couple in 2018
Post by: Need2Save on January 19, 2018, 08:23:01 AM
January Progress***
$1,454 / $ 18,500 -- 401k Mrs
$3,296 / $   6,593 -- 401k Match Mrs
$1,314 / $ 18,500 -- 401k Mr
$  394 /  $   5,122 -- 401k Match Mr
$1,797 / $   5,230 -- HSA Mrs
$    60 /  $   1,670 -- HSA Mr
$5,725 / $ 60,000 -- Taxable Investments
$2,900 / $   8,000 -- Other Savings
$1,939 / $ 30,900 -- Extra Principal Payments
$18,879 / $154,515 -- TOTAL GOAL FOR 2018 
(January is up to 12% of our goal)


We had some unusual activity in January which accounts for such a large savings total.  I got my employer match on my 401k for the prior 6 months period, we re-invested proceeds of selling ESPP from the prior quarter into taxable accounts, and we received $1,500 in one of our HSA accounts from employer #1. I don't expect our saving rate to be nearly as high in February.  It will be just a plain old vanilla month for us here.

I hope everyone is off to a killer start to 2018!
Title: Re: Save 50k single 100k couple in 2018
Post by: Eric222 on January 19, 2018, 09:44:22 AM
My goal for me, myself, and I:
Debt paydown:  $100k
401(k) + Roth:  $25k

Total 'savings' goal (quotes because I'm counting paying off debts) = $125k
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on January 20, 2018, 05:37:24 PM
January's numbers.

Married; single income; 2 kids


HSA                   $408 / $4900
HSA Match               $0 / $2000
401K After Tax       $3929 / $29270
401K Employer Match   $496 / $7230
401K Pre Tax            $0 / $18500
Roth IRA              $357 / $5500
Wife Traditional IRA  $357 / $5500
Mortgage Principal    $721 / $8834
Taxable Account         $0 / $7000

Total:               $6269 / $88734 (7.07%)
Title: Re: Save 50k single 100k couple in 2018
Post by: McStache on January 22, 2018, 04:27:59 PM
January Update:
Bucket         Current / Goal
401k           $ 3,503 / $ 23,500 (lumping pre-tax and after-tax contributions)
401k Match       $ 467 / $ 3,000 (changing jobs, so losing out on some match compared to last year)
Roth IRA          $ 50 / $ 5,500
HSA              $ 746 / $ 3,450
Brokerage          $ 0 / $ 14,550
------------------------------------
Total          $ 4,765 / $ 50,000

January        $ 4,765   9.5%
Title: Re: Save 50k single 100k couple in 2018
Post by: Fi365 on January 23, 2018, 12:07:55 PM
January update:

Married; dual income; 1 toddler.

$1,423 / $18,500 TSP
$244 / $3,172 TSP match
$2,542 / $5,500 IRA #1
$458 / $5,500 IRA #2
$0 / $18,500 Solo 401k as employee 
$0 / $32,000 Solo 401k as employer
$632 / $8,119 Mortgage #1 principal regular     
$5,500 / $5,500 Mortgage #1 principal extra     
$542 / $6,617 Mortgage #2 principal regular     
$966 / $8,300 529s
$25 / $300 Taxable account

$12,332 / $112,008 Total (11% of the way there yeahhhhhhhhhhhhhhhhhhhhh!)

Fine, I'll stop paying extra on the mortgages until all the tax-advantaged buckets are full.
DR --> FI unbrainwashing takes time.
But I'm still counting the TSP match and regular mortgage paydown here because heck where else can you celebrate moving your net worth forward if not with strangers on the internet?!
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on January 30, 2018, 10:08:07 PM
I'm down. Married, no kids. Don't think we'll make $100k but I think we'll still win simply for showing up to play.

401k 1: $18,500
Match: $3,000
401k 2: $18,500
HSA: $6,900
2017 Roths: $5,000 ($6k added December 2017)
2018 Roths: $11,000
Student Loan Debt Paid: $31,000
============================
Total "Saved": $92,900
Title: Re: Save 50k single 100k couple in 2018
Post by: Fomerly known as something on January 31, 2018, 07:55:42 AM
January update:

401k:  2093/18500
401k match:  764.92/6000
IRA:  5,500/5,500
Taxable:  2569.59/35,000
House principle:  416.27/5000
HSA:  $2,500/2,700
HSA pass through:  $62.5/$750

Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on January 31, 2018, 11:09:03 AM
Current Goals are

$42,415 TFSA
$22,124 RRSP

Date To Date   /  Goal %
Jan 2017 $4,035.22   /  $64,539 6.3%
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on February 03, 2018, 07:13:27 AM
401k 1: $1,540 / $18,500
Match: $211 / $3,000
401k 2: $0 / $18,500
HSA: $0 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $5,862 / $11,000
Student Loan Debt Paid: $453 / $31,000
============================
Total: $13,066 / $92,900 (14.2%)
Title: Re: Save 50k single 100k couple in 2018
Post by: SAfAmBrit on February 03, 2018, 09:15:33 AM
I have just changed jobs and become a contractor. The are paying me +8% to cover employer contributions - any guidelines from here would be great. Obviously no 401k. SO has full military pension.

We are in for another year

$    2365 / $    2,365 -401k
$         0 / $    1,400--401k match
$   1,500 / $    5,500--Roth
$   3,500 / $    6,500--DH Roth
$   1,250 / $  86,000--Taxable Investment
_________________________
$ 8,615 / $  $100,865- On track
Title: Re: Save 50k single 100k couple in 2018
Post by: FireHiker on February 08, 2018, 10:48:20 AM
January numbers are in; lower than I'd like them to be, but we had to pay car insurance (OMG that hurts with a teenage boy; cheaper overall to pay in one lump instead of monthly) and paid for a lot of our travel expenses for the rest of the year. It should be the worst month of the year savings-wise.

401ks including matching: $3997.28
401k loan repayments: $615.10
HSA: $580.76
Cash: $825.16

Total: $6018.30

Savings rate: 39%

I really want to get the savings rate up to 50% this year. Last year we ended at 40.5% for the entire year. I was feeling disappointed about not having saved more in January until I checked last year's numbers. For comparison, last year our January savings were only $3916, so I guess this year is definite progress!
Title: Re: Save 50k single 100k couple in 2018
Post by: Mezzie on February 11, 2018, 03:26:58 PM
I'm not sure this is realistic, but I'll give it a go.

Currently we're set for the following:
403    18,000
457     10,000
401       5,000
TACK     3,000 (estimate; depends on company profits at end of year)
Roth       5,500
Roth       5,500
Treasury Bonds  1,000

Total:  48,000

If mortgage principal counts, then that's about another 12,000.

Total: 60,000

We don't make much over $100,000 gross, so actually hitting $100,000 would probably take starvation levels of asceticism, but I can use this as a challenge to get as close as possible.

I will try to make the following increases:
$1,000 more to 457
$1,000 more to 401
$1,000 more to bonds

If I can reach those goals, I'll add to my challenge.
Title: Re: Save 50k single 100k couple in 2018
Post by: ritz on February 13, 2018, 11:14:42 AM
January Totals:
GoalActualRemaining
401(K)18,5001,76216,738
401(K) Match7057050
Roth IRA5,5001,0004,500
HSA2880288
Taxable40,0006,00034,000
Total64,9929,46655,526
14.57% Complete

I switched jobs in January, so I ended up with a little more cash than a normal month. The new 401(K) investment options suck at my new job, so I'm pretty bummed about that. I've already complained and it was made clear that they're not going to change. I'm still planning on maxing it out this year, but I haven't even turned in the paperwork yet.
Title: Re: Save 50k single 100k couple in 2018
Post by: peeps_be_peeping on February 13, 2018, 06:21:08 PM
                         Goal           YTD       Remaining
401(k)               18,500       0           18,500
401(k) match      3,240         0           3,240
Taxable               33,260       4,675    28,585
Total                    55,000      4,675    50,325   9.3% to total

Single and aiming to save $55,000 in 2018, for about a 50% savings rate. I started a new job 3 months ago and I won't be able to join the 401(k) until July 1. So I am hoping to max out my 401(k) in the last six months of the year.
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on February 15, 2018, 09:21:53 AM
401k 1: $2,310 / $18,500
Match: $316 / $3,000
401k 2: $0 / $18,500
HSA: $0 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $10,152 / $11,000
Student Loan Debt Paid: $906 / $31,000
============================
Total: $18,684 / $92,900 (20.1%)
Title: Re: Save 50k single 100k couple in 2018
Post by: NinetyFour on February 16, 2018, 09:26:19 AM
Singleton.

Two notes:  I am retiring roughly half way through 2018.  I will receive a lump sum of a full year's salary as an incentive payout.

Savings Goals for 2018:

401a:  $6800 (that includes both employee and employer contributions)
403b:  $24,500
457:  $24,500
mortgage principal:  $8000
taxable account:  $27,000
max Roth IRA 2017:  $6500
max Roth IRA 2018:  $6500

total:  $103,800

Progress so far:

401a:  $1758 (that includes both employee and employer contributions)
403b:  $1000
457:  $1000
mortgage principal:  $1104
taxable account:  $10,000
max Roth IRA 2017:  $6500
max Roth IRA 2018:  $6500

Total so far:  $27,862
Title: Re: Save 50k single 100k couple in 2018
Post by: salt cured on February 16, 2018, 10:43:33 AM
SO and I saved $102k last year. For 2018, the goal is $130k total with $100k in tax deferred accounts, $15k in cash, $10k in a taxable account, and $5k to debt.

We have a 67% savings rate for Jan/Feb. On track to hit $100k by July, assuming no unexpected expenses (knocks on wood).

As of end of Feb:
Tax Deferred:$17k
Taxable:$3k
Cash:$5k
Debt:$1k
Total:$26k
Title: Re: Save 50k single 100k couple in 2018
Post by: neophyte on February 16, 2018, 05:10:52 PM
I was thinking this was completely out of the realm of possibility for me, but it can't hurt to try, right?

Single, no kids.  I gross $55k at my job, but I also get a little rent from my roommates (don't want to count my chickens before they hatch) which might just push this into the barely feasible category.

GOALS:

403(b):                   $18500
match:                    $4460
HSA:                       $3450
IRA:                        $5500
mortgage principal:  $4628
taxable:                   $13462  <-  $1120 /month.   This is going to be a stretch goal!  If I get to count reinvested dividends, it's probably doable.
Title: Re: Save 50k single 100k couple in 2018
Post by: rebel_quietude on February 18, 2018, 01:26:01 AM
Late to the party, but I'll hop on this bandwagon!
Last year I saved $40,055.97.  $50k will be a stretch, but the good kind, I hope.

Goals (I liked zeli's way of posting, copying):

Feb 18 / 2018 Goal:

$2,234 / $18,500 401k
$916 / $5,500 Roth
$3,200 / $21,600 Taxable Brokerage
$0 / $4,500 Cash (re-building E-Fund after some house expenses)

$6,350 / $50,100 (12.6%)

I'd normally be skeptical, but I'm selling my house this year and may make a few grand, and traveling for work which will bring some travel pay. We'll see how it goes.

Good luck everyone!
Title: Re: Save 50k single 100k couple in 2018
Post by: Livethedream on February 18, 2018, 10:11:12 AM
Married 2 kids

$5500 Roth
$5500 Roth
$6000 Pension (ugh)
$40-50k mortgage principal (house payoff estimate July 2020)

Puts us around $60k. Hoping to budget better and squeeze some more out.
Title: Re: Save 50k single 100k couple in 2018
Post by: boarder42 on February 19, 2018, 10:28:20 AM
Married 2 kids

$5500 Roth
$5500 Roth
$6000 Pension (ugh)
$40-50k mortgage principal (house payoff estimate July 2020)

Puts us around $60k. Hoping to budget better and squeeze some more out.

Welcome!

you could not pay off that mortgage and come out wildly ahead vs trying to budget better and squeeze more out that way. with Roth's you're US based and your mortgage is likely sub 4% fixed. so sqeezing pennies is overlooking your easiest path to increased wealth - not pumping 40-50k a year extra into a mortgage
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on February 21, 2018, 02:46:29 PM
February's numbers.

Married; single income; 2 kids


HSA                   $817 / $4900
HSA Match               $0 / $2000
401K After Tax       $7859 / $29270
401K Employer Match   $993 / $7230
401K Pre Tax            $0 / $18500
Roth IRA              $713 / $5500
Wife Traditional IRA  $713 / $5500
Mortgage Principal   $1445 / $8834
Taxable Account         $0 / $7000

Total:              $12540 / $88734 (14.13%)
Title: Re: Save 50k single 100k couple in 2018
Post by: Livethedream on February 21, 2018, 08:16:41 PM
Married 2 kids

$5500 Roth
$5500 Roth
$6000 Pension (ugh)
$40-50k mortgage principal (house payoff estimate July 2020)

Puts us around $60k. Hoping to budget better and squeeze some more out.

Welcome!

you could not pay off that mortgage and come out wildly ahead vs trying to budget better and squeeze more out that way. with Roth's you're US based and your mortgage is likely sub 4% fixed. so sqeezing pennies is overlooking your easiest path to increased wealth - not pumping 40-50k a year extra into a mortgage

Thanks for the welcome. We strongly considered this route but after running some numbers we realized we would be able to pay off the house in under 4 years. Sure, we are missing out on some gains, but we are also lessening our risk. Iíve noticed there is quite a heated debate between the pay it off/ drag it out of low interest crowd. This is the approach we feel is best suited for our family at this point in time.
Title: Re: Save 50k single 100k couple in 2018
Post by: Need2Save on February 22, 2018, 06:56:21 AM
February Progress
$2,842 / $ 18,500 -- 401k Mrs
$3,296 / $   6,593 -- 401k Match Mrs -- no change until July
$2,628 / $ 18,500 -- 401k Mr
$  788 /  $   5,122 -- 401k Match Mr
$2,094 / $   5,230 -- HSA Mrs
$   120 / $   1,670 -- HSA Mr
$6,675 / $ 60,000 -- Taxable Investments
$3,400 / $   8,000 -- Other Savings
$3,840 / $ 30,900 -- Extra Principal Payments
$25,683 / $154,515 -- TOTAL GOAL FOR 2018 
(February is up to 17% of our annual goal)


Looking forward to March! It will be a great month for us income wise so we will pad the investments and pay extra on principal.
Title: Re: Save 50k single 100k couple in 2018
Post by: Slow&Steady on February 22, 2018, 10:11:10 AM
I have looked past this challenge for the last few years because as a couple we did not even make 100k, so no way we could save 100k.  However, it looks like there are at least a few that joined as a couple that are not able to make the 100k goal either!!

We have a couple hiccups this year that makes our savings rates/abilities even lower than normal.  I am the only one with access to a 401k and I switched jobs, that means that I have lost the ability to contribute to 401k for 30 days and no longer have an HSA option.  I am also due with our 2nd (last) kid in March and will be taking an unpaid maternity leave, meaning no 401k contributions during that time and delayed (until I get back to work) savings for everything else.  So my updates might not happen again (or be unremarkable) until July-ish.  Although I think I should get a couple contributions into the new 401k in March before baby is born, we will see.

I also rounded the goals but the YTD and Remaining will include pennies!

Name Goal / YTD / Remaining      
401k S&S $5500 / $454.85 / $5045.15       
401k Match $3895 / $606.47 / $3288.53       
IRA DH $8500 / $3000 / $5500       
HSA   $1900 / $1900 / $0       
529  $1200 / $0 / $1200       
Debt $22600 / $2667.15 / $19932.85       

Total   $43595 / $8628.47 / $34966.53 = 19.8%
Title: Re: Save 50k single 100k couple in 2018
Post by: McStache on February 26, 2018, 06:30:49 PM
February Update:
Bucket         Current / Goal
401k           $ 8,715 / $ 23,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 1,092 / $ 3,000
Roth IRA       $ 2,050 / $ 5,500
HSA              $ 992 / $ 3,450
Brokerage      $ 1,078 / $ 14,550
------------------------------------
Total         $ 13,972 / $ 50,000

January        $ 4,765   9.5%
February      $ 13,972   27.9%

This was my last month with my previous employer, so got some lump sum payouts in the last paycheck.  Next month will probably be more sparse with only a few days of work with the new job, but who know - tax refunds may come through.
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on February 27, 2018, 01:55:20 PM
Current Goals are

$42,415 TFSA
$22,124 RRSP

Date To Date   /  Goal %
Jan 2017 $4,035.22   /  $64,539 6.3%
Feb 2017 $8,027.74   /  $64,539 12.4%

Seems slow as I'm filling my TFSA first for the year (easier CPP calculations), things are on track.
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on February 28, 2018, 08:11:18 AM
401k 1: $3,080 / $18,500
Match: $421 / $3,000
401k 2: $0 / $18,500
HSA: $0 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $906 / $31,000
============================
Total: $20,407 / $92,900 (22%)
Title: Re: Save 50k single 100k couple in 2018
Post by: NinetyFour on February 28, 2018, 08:31:31 AM
Singleton.

Two notes:  I am retiring roughly half way through 2018.  I will receive a lump sum of a full year's salary as an incentive payout.

Savings Goals for 2018:

401a:               $6800 (that includes both employee and employer contributions)
403b:              $24500
457:               $24500
mortgage principal: $8000
taxable account:   $27000
max Roth IRA 2017:  $6500
max Roth IRA 2018:  $6500

total:            $103800


Progress so far:

401a:                $2305 (that includes both employee and employer contributions)
403b:                $2000
457:                 $2000
mortgage principal:  $1104
taxable account:    $10000
max Roth IRA 2017:   $6500
max Roth IRA 2018:   $6500

Total so far:       $30409
Title: Re: Save 50k single 100k couple in 2018
Post by: Slow&Steady on March 01, 2018, 09:04:49 AM
I have looked past this challenge for the last few years because as a couple we did not even make 100k, so no way we could save 100k.  However, it looks like there are at least a few that joined as a couple that are not able to make the 100k goal either!!

We have a couple hiccups this year that makes our savings rates/abilities even lower than normal.  I am the only one with access to a 401k and I switched jobs, that means that I have lost the ability to contribute to 401k for 30 days and no longer have an HSA option.  I am also due with our 2nd (last) kid in March and will be taking an unpaid maternity leave, meaning no 401k contributions during that time and delayed (until I get back to work) savings for everything else.  So my updates might not happen again (or be unremarkable) until July-ish.  Although I think I should get a couple contributions into the new 401k in March before baby is born, we will see.

I also rounded the goals but the YTD and Remaining will include pennies!

Name Goal / YTD / Remaining      
401k S&S $5500 / $747.16 / $4752.84       
401k Match $3895 / $789.16 / $3105.84       
IRA DH $8500 / $3000 / $5500       
HSA   $1900 / $1900 / $0       
529  $1200 / $0 / $1200       
Debt $22600 / $2669.64 / $19930.36       

Total   $43595 / $9105.96 / $34489.04 = 20.9%

Small update, looks like the new company allowed me to start contributing to 401k on this paycheck!  That means that I will get 3 contributions in before baby gets here (assuming she comes on or around her due date), I thought I would only get 2 in!
Title: Re: Save 50k single 100k couple in 2018
Post by: Fomerly known as something on March 01, 2018, 09:16:50 AM
February:

401k:  3493.00/18500
401k match:  1280.53/6000
IRA:  5,500/5,500
Taxable:  4210.21/35,000
House principle:  416.27/5000
HSA:  $2,500/2,700
HSA pass through:  $125/$750
Title: Re: Save 50k single 100k couple in 2018
Post by: ritz on March 01, 2018, 09:31:44 AM
February Totals:
GoalActualRemaining
401(K)18,5001,76216,738
401(K) Match7057050
Roth IRA5,5002,0003,500
HSA2882880
Taxable40,0008,00032,000
Total64,99212,75452,238
19.62% Complete

The biggest problem I have right now is that I was told that I could start contributing to my 401(k) immediately, but it turns out that you need to have worked here for 6 months. They said that they're going to change that, but at the rate that anything happens around here (small, understaffed company), I'm sure I will have already worked here for 6 months. I can max it out in the last couple of months of the year, so that's not really an issue, but I would prefer that my contributions were going in earlier. Of course, the options that they have are horrible for investing, so maybe it's better that my money is currently all going to my Fidelity account.
Title: Re: Save 50k single 100k couple in 2018
Post by: SAfAmBrit on March 02, 2018, 11:30:20 PM
Feb 2017

$    2365 / $    2,365 -401k
$         0 / $    1,400--401k match
$   5,500 / $    5,500--Roth
$   6,500 / $    6,500--DH Roth
$   5,250 / $  86,000--Taxable Investment
_________________________
$19,615 / $  $100,865- On track
Title: Re: Save 50k single 100k couple in 2018
Post by: neophyte on March 05, 2018, 10:21:18 PM
accountgoalFebruary% goal
403(b)185003333.5218.52%
match4460743.4016.67%
HSA3450392.3011.37%
IRA55005500100%
mortgage principal4628757.4716.37%
taxable1346200%
total5000010726.6921.45%

Doing this made me realize that my withholding is messed up. HSA is too low and 403(b) is too high so I won't get the full match for December unless I fix it.
Title: Re: Save 50k single 100k couple in 2018
Post by: BlueHouse on March 06, 2018, 10:12:08 AM
Progress thru Feb 2018

                          YTD                Goal 
401K                       $4,000             $24,000   
401K match           $30,895             $36,000
Roth                      $ 6,500               $6,500
Taxable                 $       0               $40,000
Car fund                $      0                $20,000
xtra mtg prin           $3,890              $23,340

============================================
TOTAL 2018 Goal                            149,840

$    2,510  Jan YTD Progress  = 1.7% of goal
$  42,285  Feb YTD Progress  = 30% of goal


Title: Re: Save 50k single 100k couple in 2018
Post by: ToughMother on March 10, 2018, 08:19:22 AM
After participating in this challenge the last few years, I was hanging back this year.
I knew I wanted to downsize my job; trade a higher salary for more life-time.
Indeed, I just gave notice at my 100% life-time job for a downsized job with more life-time for me! 
With that downsized job comes a 45% reduction in pay. 
It won't affect my ability to cover expenses but it WILL affect my savings. 
And thus my hanging back. No way I can save $50k/year any more.

But, I've learned I"ll be able to cash out some vacation time at my current salary, so that will help me fill the savings coffers this year.

Without further ado, here are my savings goals, my last year saving $50k or more a year:
457: 24.5K
403b: 24.5K
pension: 9.2K
total: 58.2K
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on March 16, 2018, 07:35:58 PM
Mid-month update:

401k 1: $3,850 / $18,500
Match: $526 / $3,000
401k 2: $0 / $18,500
HSA: $862 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $3,559 / $31,000
============================
Total: $24,797 / $92,900 (27%)
Title: Re: Save 50k single 100k couple in 2018
Post by: Need2Save on March 17, 2018, 06:50:54 AM
$25,683 / $154,515 -- TOTAL GOAL FOR 2018 
(February is up to 17% of our annual goal)


Looking forward to March! It will be a great month for us income wise so we will pad the investments and pay extra on principal.

March has not dissapointed.  We both received great annual bonuses!
MARCH PROGRESS
$  4,889 / $ 18,500 -- 401k Mrs
$  3,296 / $   6,593 -- 401k Match Mrs (no change until July)
$  6,404 / $ 18,500 -- 401k Mr (a bit extra from bonus)
$  6,379 / $   5,122 -- 401k Match Mr (extra match from bonus plus $5,000 profit sharing)
$  2,539 / $   5,230 -- HSA Mrs
$     210 / $   1,670 -- HSA Mr
$41,275 / $ 60,000 -- Taxable Investments
$  3,900 / $   8,000 -- Other Savings
$14,241 / $ 30,900 -- Extra Principal Payments
$83,133 / $154,515 -- TOTAL GOAL FOR 2018 

We are up to 54% of our saving goals for 2018!  Very fortunate to have great bonuses this year and full profit sharing into the Mr.'s 401k. Feel's great to be on track to exceed our plans for the year.  Things won't be nearly as exciting the next few months.
Title: Re: Save 50k single 100k couple in 2018
Post by: Arbitrage on March 17, 2018, 09:07:23 AM
Goal: $100k

Stash accounts
403b - 18500
SIMPLE IRA - 12500
401a - 6000
SIMPLE match - 2500
Backdoor Roth - 5500
I bonds - 10000
(Other) Taxable - 27000

Other savings
529 #1 - 6000
529 #2 - 6000
Extra principal on mortgage - 6000

Not quite on track for taxable savings yet.  Child care cost reductions coming soon will hopefully help us get there.

If I juice the numbers a bit to include fixed debt repayment, I would add:
Standard principal payments on mortgage - 15200
Student loan principal - 2700

Hitting those goals means a NW increase of just under $120k in the absence of any investment returns/house price appreciation; i.e. this is what I can control. 
Title: Re: Save 50k single 100k couple in 2018
Post by: NinetyFour on March 17, 2018, 12:40:52 PM
Singleton.

Two notes:  I am retiring roughly half way through 2018.  I will receive a lump sum of a full year's salary as an incentive payout.

Savings Goals for 2018:

401a:               $6,800 (that includes both employee and employer contributions)
403b:              $24,500
457:               $24,500
mortgage principal: $8,000
taxable account:   $27,000
max Roth IRA 2017:  $6,500
max Roth IRA 2018:  $6,500

total:            $103,800


Progress so far:

401a:                $2,852 (that includes both employee and employer contributions)
403b:                $3,000
457:                 $3,000
mortgage principal:  $1,659
taxable account:    $14,376
max Roth IRA 2017:   $6,500
max Roth IRA 2018:   $6,500

Total so far:       $37,887
Title: Re: Save 50k single 100k couple in 2018
Post by: Slow&Steady on March 19, 2018, 08:07:20 AM
I have looked past this challenge for the last few years because as a couple we did not even make 100k, so no way we could save 100k.  However, it looks like there are at least a few that joined as a couple that are not able to make the 100k goal either!!

We have a couple hiccups this year that makes our savings rates/abilities even lower than normal.  I am the only one with access to a 401k and I switched jobs, that means that I have lost the ability to contribute to 401k for 30 days and no longer have an HSA option.  I am also due with our 2nd (last) kid in March and will be taking an unpaid maternity leave, meaning no 401k contributions during that time and delayed (until I get back to work) savings for everything else.  So my updates might not happen again (or be unremarkable) until July-ish.  Although I think I should get a couple contributions into the new 401k in March before baby is born, we will see.

I also rounded the goals but the YTD and Remaining will include pennies!

Name Goal / YTD / Remaining      
401k S&S $5500 / $1039.47 / $4460.53       
401k Match $3895 / $1081.47 / $2813.53       
IRA DH $8500 / $3000 / $5500       
HSA   $1900 / $1900 / $0       
529  $1200 / $0 / $1200       
Debt $22600 / $2736.00 / $19864.00       

Total   $43595 / $9756.94 / $33838.06 = 22.38%
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on March 22, 2018, 08:10:26 PM
March's numbers.

Married; single income; 2 kids

Got a larger than expected bonus this month; all of it went towards the 401k and IRAs.

HSA                   $1225 / $4900
HSA Match                $0 / $2000
401K After Tax       $26230 / $29270
401K Employer Match   $2818 / $7230
401K Pre Tax             $0 / $18500
Roth IRA              $2878 / $5500
Wife Traditional IRA  $2878 / $5500
Mortgage Principal    $2171 / $8834
Taxable Account          $0 / $7000

Total:               $38200 / $88734 (43.05%)
Title: Re: Save 50k single 100k couple in 2018
Post by: eeho on March 22, 2018, 10:24:39 PM
I'm a late entry but count me in for a single 50k!

So far I'm at:

   PPOR Offset   Parent Loan   IP#4 Loan   TOTAL
January   $1,000.00   $1,646.00   $14.50   $2,660.50
February   $1,000.00   $1,646.00   $110.07   $2,756.07
March   $1,566.00   $969.00   $23.15   $2,558.15
            
TOTAL   $3,566.00   $4,261.00   $147.72   $7,974.72

Trying to stash enough to pack in my office job so I'm not working and studying full time!
Title: Re: Save 50k single 100k couple in 2018
Post by: ritz on March 27, 2018, 09:34:22 AM
March Totals:
GoalActualRemaining
401(K)18,5001,76216,738
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00015,00028,000
Total64,99220,25444,738
31.16% Complete

I have now been informed that the waiting period for joining the 401(k) at my new job is one year and not six months. They are working on changing it so I can contribute this year... But things move slowly around here. I've also realized that my income will make me ineligible to make a full Roth contribution (especially if I can't contribute to the 401(k) this year!), so I'm going to stop contributing to it and move those savings to my taxable account. I should get a little extra money next month from my tax refund, but nothing crazy. It's a little boring just saving into the one bucket now!
Title: Re: Save 50k single 100k couple in 2018
Post by: BlueHouse on March 27, 2018, 10:34:27 AM
March Totals:
GoalActualRemaining
401(K)18,5001,76216,738
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00015,00028,000
Total64,99220,25444,738
31.16% Complete

I have now been informed that the waiting period for joining the 401(k) at my new job is one year and not six months. They are working on changing it so I can contribute this year... But things move slowly around here. I've also realized that my income will make me ineligible to make a full Roth contribution (especially if I can't contribute to the 401(k) this year!), so I'm going to stop contributing to it and move those savings to my taxable account. I should get a little extra money next month from my tax refund, but nothing crazy. It's a little boring just saving into the one bucket now!
I would keep going to the IRA.  You can backdoor all or some into the Roth which is still tax-advantaged.  Better to fill up all of your tax-advantaged space before going to taxable. 
Title: Re: Save 50k single 100k couple in 2018
Post by: 2Birds1Stone on March 27, 2018, 12:22:13 PM
We went from DINK's to SINK's last month so this goal is really a bit of a pipe-dream for us right now.

The new goal is to save $50k combined, which should be doable with SO's PT work.
Title: Re: Save 50k single 100k couple in 2018
Post by: salt cured on March 27, 2018, 01:06:04 PM
SO and I saved $102k last year. For 2018, the goal is $130k total with $100k in tax deferred accounts, $15k in cash, $10k in a taxable account, and $5k to debt.

Despite a tax refund of $4500, our savings rate dipped to 42% in March because of a CSA pre-purchase, vacation booking, and large-ish cash gift to a family member. The gift wasn't something we planned/decided on until recently, so I'm not sure we're going to make our goal of any more. It will come down to whether we can keep home renos under $10k for the rest of year, which seems doubtful right now.

As of end of March:
Tax Deferred:$25k
Taxable:$3k
Cash:$6k
Debt:$2k
Total:$36k
Title: Re: Save 50k single 100k couple in 2018
Post by: ritz on March 28, 2018, 07:18:20 PM
March Totals:
GoalActualRemaining
401(K)18,5001,76216,738
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00015,00028,000
Total64,99220,25444,738
31.16% Complete

I have now been informed that the waiting period for joining the 401(k) at my new job is one year and not six months. They are working on changing it so I can contribute this year... But things move slowly around here. I've also realized that my income will make me ineligible to make a full Roth contribution (especially if I can't contribute to the 401(k) this year!), so I'm going to stop contributing to it and move those savings to my taxable account. I should get a little extra money next month from my tax refund, but nothing crazy. It's a little boring just saving into the one bucket now!
I would keep going to the IRA.  You can backdoor all or some into the Roth which is still tax-advantaged.  Better to fill up all of your tax-advantaged space before going to taxable.

I have about $90K in a rollover IRA and it's my understanding that this would make a backdoor IRA not a very attractive option.
Title: Re: Save 50k single 100k couple in 2018
Post by: FireHiker on March 29, 2018, 09:47:48 AM
I don't think I remembered to update last month. We spend a TON more than usual in March, some frivolous expenses, some not: a big, unanticipated vet bill didn't help...this will be our last pet I think! Fortunately our savings still ended up being okay: it being a 3 paycheck month, raises going in on today's check, and last year's 2% match hitting (401k; they did away with that going forward), our savings rate is still alright, 47.9% for the month and 43.8% YTD.

YTD:
401k, our contributions: $11,848.81
401k matches: $9,104.32
repayments on 401k loans: $4,452.85
HSA, including matches: $1,907.66
cash: $877.30

Total: $28,190.94

April will likely just see 401k, match, and HSA because we have a trip week after next that will have some bigger than usual expenses. Planning to really up our savings game when we get back from our trip.
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on March 30, 2018, 01:30:07 PM
End of month update:

401k 1: $4,620 / $18,500
Match: $631 / $3,000
401k 2: $0 / $18,500
HSA: $1,150 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $5,056 / $31,000
============================
Total: $27,457 / $92,900 (30%)
Title: Re: Save 50k single 100k couple in 2018
Post by: McStache on March 30, 2018, 07:30:35 PM
March Update:
Bucket         Current / Goal
401k          $ 10,515 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 1,092 / $ 3,000
Roth IRA       $ 2,050 / $ 5,500
HSA            $ 1,613 / $ 3,450
Brokerage      $ 5,294 / $ 13,550
------------------------------------
Total         $ 20,564 / $ 50,000

January        $ 4,765   9.5%
February      $ 13,972   27.9%
March         $ 20,564   41.1%
Title: Re: Save 50k single 100k couple in 2018
Post by: rebel_quietude on March 31, 2018, 02:40:02 AM
Last year I saved $40,055.97.  $50k will be a stretch, but the good kind, I hope.

Feb 18 / 2018 Goal:
$6,350 / $50,000 (12.6%)

End of first quarter 2018:
$4,187 / $18,500 401k (23%)
$1,374 / $5,500 Roth (25%)
$4,800 / $21,600 Taxable Brokerage (22%)
$2,408 / $4,500 Cash (54%)

$12,769 / $50,000 (25%)

Chugging along! I think I'm right about where I should be at this point in the year, which is encouraging. Put my tax refund toward cash E-fund, and I'm counting employer contribution to my 401k - first time I have employer match at my work!

Still, scraped about $500 in additional savings over the last quarter by sheer spending discipline. May not make the difference from $40k to $50k, but I'll take it as a win!
Title: Re: Save 50k single 100k couple in 2018
Post by: eeho on April 01, 2018, 04:46:23 AM
Finished up the month with a total of $8,974.72 saved from 2018 so far. I'll have to lift my game, but it's a good start!
Title: Re: Save 50k single 100k couple in 2018
Post by: Fomerly known as something on April 01, 2018, 06:00:28 AM
March:

401k:  4893.00/18500
401k match:  1796.13/6000
IRA:  5,500/5,500
Taxable:  6686.01/35,000
House principle:  1352.39/5000
HSA:  $2,500/2,700
HSA pass through:  $187.5/$750

Title: Re: Save 50k single 100k couple in 2018
Post by: ToughMother on April 01, 2018, 07:27:24 PM
Q1 update:
             GOAL      Q1         %
457:       24.5K     5,000   20.4%
403b:     24.5K   12,000   48.9%
pension:   9.2K     3,415   37.1%
total:     58.2K   20,415   35.1%
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on April 02, 2018, 11:11:10 AM
I have upgraded my goals for the year, mostly due to less TFSA room and more RRSP contributions this year. They're now sitting at:

$39,415 TFSA
$34,532 RRSP

Date To Date   /  Goal %
Jan 2017 $4,035.22   /  $64,539 6.3%
Feb 2017 $8,027.74   /  $64,539 12.4%
Mar 2017 $12,975.69   /  $73,947 17.5%
Title: Re: Save 50k single 100k couple in 2018
Post by: BlueHouse on April 02, 2018, 11:48:53 AM
March Totals:
GoalActualRemaining
401(K)18,5001,76216,738
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00015,00028,000
Total64,99220,25444,738
31.16% Complete

I have now been informed that the waiting period for joining the 401(k) at my new job is one year and not six months. They are working on changing it so I can contribute this year... But things move slowly around here. I've also realized that my income will make me ineligible to make a full Roth contribution (especially if I can't contribute to the 401(k) this year!), so I'm going to stop contributing to it and move those savings to my taxable account. I should get a little extra money next month from my tax refund, but nothing crazy. It's a little boring just saving into the one bucket now!
I would keep going to the IRA.  You can backdoor all or some into the Roth which is still tax-advantaged.  Better to fill up all of your tax-advantaged space before going to taxable.

I have about $90K in a rollover IRA and it's my understanding that this would make a backdoor IRA not a very attractive option.

True.  I had a similar situation and then rolled my IRA into my company 401k, then started a backdoor Roth.  People here showed me exactly how to do it and practically held my hand because I was jittery while doing it.  Well worth the few phone calls it actually took.
Title: Re: Save 50k single 100k couple in 2018
Post by: ACyclist on April 07, 2018, 11:01:39 AM
22000 me
18500 spouse
12000 roths (hit this already)
15000 taxable savings (this is on the hopeful side)
1500 FSA
3600 (our car savings account.  We are going to need a newer vehicle pretty soon.  We are pre-saving for it)
3800 401a
76K  Holy smokes.  This is a shocking number for our income level.  This gives me hope that we can live on a small number when we quit our jobs in about 5 years.

I don't make enough to max the 403b.  My income is around 31K and I have requirements like taxes, ins. and union dues).  My checks end up being about $100 take home.  We live off my spouse's salary. 
Title: Re: Save 50k single 100k couple in 2018
Post by: NinetyFour on April 07, 2018, 11:48:11 AM
Singleton.

Two notes:  I am retiring roughly half way through 2018.  I will receive a lump sum of a full year's salary as an incentive payout.

Savings Goals for 2018:

401a:               $6,800 (that includes both employee and employer contributions)
403b:              $24,500
457:               $24,500
mortgage principal: $8,000
taxable account:   $27,000
max Roth IRA 2017:  $6,500
max Roth IRA 2018:  $6,500

total:            $103,800


Progress so far:

401a:                $3,947 (that includes both employee and employer contributions)
403b:                $5,000
457:                 $5,000
mortgage principal:  $2,217
taxable account:    $14,000
max Roth IRA 2017:   $6,500
max Roth IRA 2018:   $6,500

Total so far:       $43,164
Title: Re: Save 50k single 100k couple in 2018
Post by: tralfamadorian on April 07, 2018, 12:45:46 PM
Q1:
                         GOAL     Q1       %
SE401k:                 18.5K     0        %
401k employer side:     12.5K     0        %
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     10.05K   100%
total:                    50K     19K       38%



Title: Re: Save 50k single 100k couple in 2018
Post by: neophyte on April 07, 2018, 09:39:38 PM
On track so far. HSA is dragging because I'll get a contribution from my employer in a couple months.
accountgoalMarch% goal
403(b)185004850.8526%
match44601115.1025%
HSA3450588.4517%
IRA55005500100%
mortgage principal46281137.9225%
taxable1346200%
total5000013192.3226.38%

Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on April 15, 2018, 01:11:13 PM
Mid-month update:

401k 1: $5,390 / $18,500
Match: $736 / $3,000
401k 2: $781 / $18,500
HSA: $1,437 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $6,228 / $31,000
============================
Total: $30,572 / $92,900 (33%)
Title: Re: Save 50k single 100k couple in 2018
Post by: sisto on April 16, 2018, 12:40:40 PM
I'll join, but I won't be able to hit $100K for a couple. We are a single family income, so I can't put in 401K for DW.

401K $18500 On track through payroll
IRA 1 $5500 DONE
IRA 2 $6500 DONE
HSA $6900 On track through payroll
FSA $600 On track through payroll
Match $6000 (not exactly a match, but will be about this much put in by employer) DONE ~$6200
ESPP $12000 (this is an estimate full value based on sell and reinvest) On track through payroll
RSU $10000 On track
Tax $15000 DONE (see notes below)

I estimate about $81000, this is slightly higher than last year mostly due to increased maximums. Not sure about counting principal payments or not, but if added that's ~$12000 which puts us close to the challenge goal.

Principal paid to date ~$4100
I also sold quite a bit of ESPP and RUs I had been holding and reinvested it in VTSAX in my Taxable account.

Feeling good about my progress so far
Title: Re: Save 50k single 100k couple in 2018
Post by: jlcnuke on April 16, 2018, 06:54:33 PM
Sorry I'm late, but I'm in (single):
401K: 18500
401k matching: 5000
IRA: 5500
HSA: $3,450
Taxable: $17,550

Current Progress:
401K:                $6,723 / $18,500 - Will have to adjust contributions down later to ensure I get the full matching throughout the year
401k matching:  $1,524 / $5,000 (may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere)
IRA:                  $8,835 / $8,835 (realized early this year I didn't max it last year, so this year included contributions for both tax years) - DONE
HSA:                  $774 / $3,450
Taxable:             $750 / $17,550 (pushed to get IRA contributions in first, this is up next)

Total:                 $18,606 / $53,335 (adjusted up for 2017 IRA contribution) - 35% done

Stretch goal is $60k by adding even more to the taxable account.

Paying the mortgage as well (about $900 per month to principal) but not counting it since that's my forever home.
Title: Re: Save 50k single 100k couple in 2018
Post by: Rife on April 17, 2018, 08:39:01 AM
We are in again.

401k and match (mine): $23000
401k and match (hers): $24000
HSA: $5000
Mortgage Principal: $9000
Taxable: $48000

Total: $109000

The 401ks and HSA are on track and we have put 30000 into taxable so far. That is a bit ahead of schedule boosted by strong bonus at work.
Title: Re: Save 50k single 100k couple in 2018
Post by: jlcnuke on April 17, 2018, 09:54:16 AM
We are in again.

401k and match (mine): $23000
401k and match (hers): $24000
HSA: $5000
Mortgage Principal: $9000
Taxable: $48000

Total: $109000

The 401ks and HSA are on track and we have put 30000 into taxable so far. That is a bit ahead of schedule boosted by strong bonus at work.

Nice work!
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on April 21, 2018, 07:32:46 AM
April's numbers.

Married; single income; 2 kids

This month I repaired our dishwasher (circulation pump) and dryer (thermal fuse) to keep our 16 year old appliances going strong.  That probably saved us around $300 or more in labor costs this month.


HSA                   $1633 / $4900
HSA Match              $500 / $2000
401K After Tax       $28688 / $29270
401K Employer Match   $3331 / $7230
401K Pre Tax             $0 / $18500
Roth IRA              $3807 / $5500
Wife Traditional IRA  $3807 / $5500
Mortgage Principal    $2901 / $8834
Taxable Account          $0 / $7000

Total:               $44666 / $88734 (50.34%)
Title: Re: Save 50k single 100k couple in 2018
Post by: jlcnuke on April 21, 2018, 08:51:59 AM
April's numbers.

Married; single income; 2 kids

This month I repaired our dishwasher (circulation pump) and dryer (thermal fuse) to keep our 16 year old appliances going strong.  That probably saved us around $300 or more in labor costs this month.


HSA                   $1633 / $4900
HSA Match              $500 / $2000
401K After Tax       $28688 / $29270
401K Employer Match   $3331 / $7230
401K Pre Tax             $0 / $18500
Roth IRA              $3807 / $5500
Wife Traditional IRA  $3807 / $5500
Mortgage Principal    $2901 / $8834
Taxable Account          $0 / $7000

Total:               $44666 / $88734 (50.34%)


A note: the HSA limit for families was dropped from $6,900 back to $6,850 for this year.
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on April 21, 2018, 10:38:50 AM
April's numbers.

Married; single income; 2 kids

This month I repaired our dishwasher (circulation pump) and dryer (thermal fuse) to keep our 16 year old appliances going strong.  That probably saved us around $300 or more in labor costs this month.


HSA                   $1633 / $4900
HSA Match              $500 / $2000
401K After Tax       $28688 / $29270
401K Employer Match   $3331 / $7230
401K Pre Tax             $0 / $18500
Roth IRA              $3807 / $5500
Wife Traditional IRA  $3807 / $5500
Mortgage Principal    $2901 / $8834
Taxable Account          $0 / $7000

Total:               $44666 / $88734 (50.34%)


A note: the HSA limit for families was dropped from $6,900 back to $6,850 for this year.
Ah, I had forgotten about that... Thanks, I'll update that in next month's post.



Sent from my Moto G (5) Plus using Tapatalk

Title: Re: Save 50k single 100k couple in 2018
Post by: Arbitrage on April 25, 2018, 05:48:53 PM
Edit: As of 3/31
Goal: $100k

Stash accounts
403b - 4575 / 18500
SIMPLE IRA - 3479 / 12500
401a - 1509 / 6000
SIMPLE match - 625 / 2500
Backdoor Roth - 5500 / 5500
I bonds - 10000 / 10000
(Other) Taxable - 7500 / 27000

Other savings
529 #1 - 1300 / 6000
529 #2 - 1300 / 6000
Extra principal on mortgage - 1000 / 6000

Not quite on track for taxable savings yet.  Child care cost reductions coming soon will hopefully help us get there.

If I juice the numbers a bit to include fixed debt repayment, I would add:
Standard principal payments on mortgage - 15200
Student loan principal - 2700

Hitting those goals means a NW increase of just under $120k in the absence of any investment returns/house price appreciation; i.e. this is what I can control.
Title: Re: Save 50k single 100k couple in 2018
Post by: NinetyFour on April 26, 2018, 06:42:29 AM
Singleton.

Two notes:  I am retiring roughly half way through 2018.  I will receive a lump sum of a full year's salary as an incentive payout.

Savings Goals for 2018:

401a:               $6,800 (that includes both employee and employer contributions)
403b:              $24,500
457:               $24,500
mortgage principal: $8,000
taxable account:   $27,000
max Roth IRA 2017:  $6,500
max Roth IRA 2018:  $6,500

total:            $103,800


Progress so far:

401a:                $4,495 (that includes both employee and employer contributions)
403b:                $6,000
457:                 $6,000
mortgage principal:  $2,217
taxable account:    $14,000
max Roth IRA 2017:   $6,500
max Roth IRA 2018:   $6,500

Total so far:       $45,712
Title: Re: Save 50k single 100k couple in 2018
Post by: McStache on April 29, 2018, 05:15:55 PM
April Update:
Bucket         Current / Goal
401k          $ 12,315 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 1,092 / $ 3,000
Roth IRA       $ 2,500 / $ 5,500
HSA            $ 1,817 / $ 3,450
Brokerage      $ 6,552 / $ 13,550
------------------------------------
Total         $ 24,276 / $ 50,000

January        $ 4,765   9.5%
February      $ 13,972   27.9%
March         $ 20,564   41.1%
April         $ 24,276   48.6%
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on April 30, 2018, 11:31:14 AM
Goals:

$39,415 TFSA
$34,532 RRSP

Date To Date   /  Goal %
Jan 2018 $4,035.22   /  $64,539 6.3%
Feb 2018 $8,027.74   /  $64,539 12.4%
Mar 2018 $12,975.69   /  $73,947 17.5%
Apr 2018 $16968.21   /  $73,947 22.9%

Though it appears I'm behind it's actually on target, just due to a TFSA vs RRSP maxing switch that's happening in the second half of the year.

[Edited: Mixed up some savings that carried over from last year, not supposed to count it in this year]
Title: Re: Save 50k single 100k couple in 2018
Post by: sisto on April 30, 2018, 01:28:16 PM
Goals:

$39,415 TFSA
$34,532 RRSP

Date To Date   /  Goal %
Jan 2017 $4,035.22   /  $64,539 6.3%
Feb 2017 $8,027.74   /  $64,539 12.4%
Mar 2017 $12,975.69   /  $73,947 17.5%
Apr 2017 $22,101.81   /  $73,947 29.9%

You mean 2018 not 2017 right?
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on April 30, 2018, 01:30:30 PM
You mean 2018 not 2017 right?

I did, thank you. I've edited them above.
Title: Re: Save 50k single 100k couple in 2018
Post by: FireHiker on May 01, 2018, 05:45:44 PM
Well, we didn't save a lot in April, but we had a pretty spendy trip and I was anticipating our savings rate plummeting for the month. I'm pretty disappointed that it went all the way down to 33.8% for the month of April but it at least still over 40% for the YTD (41.6% specifically). May should be MUCH more frugal than April was. We had a fabulous trip to Europe where we visited good friends and got to provide my awesome mother-in-law with a true once in a lifetime experience, so I have zero regrets on that and we'll focus on May and beyond! We are still BARELY on track for 100k over the entire year...

YTD:
401k, our contributions: $15,349.59
401k matches: $10,198.30
repayments on 401k loans: $4,867.95
HSA, including matches: $2,438.82
cash: $882.81

Total: $33,737.07



Title: Re: Save 50k single 100k couple in 2018
Post by: Fomerly known as something on May 02, 2018, 08:05:26 AM
April:

401k:  6293.00/18500
401k match:  2311.73/6000
IRA:  5,500/5,500
Taxable:  8347.64/35,000
House principle:  1874.52/5000
HSA:  $2,500/2,700
HSA pass through:  $187.5/$750
Title: Re: Save 50k single 100k couple in 2018
Post by: BlueHouse on May 02, 2018, 11:13:49 AM
Progress thru May 2018

                          YTD                Goal 
401K                      $10,000             $24,000   
401K match           $32,425             $36,000
Roth                      $ 6,500               $6,500
Taxable                 $ 20,000               $40,000
Car fund                $      0                $20,000
xtra mtg prin           $9,725              $23,340

============================================
TOTAL 2018 Goal                            149,840

$    2,510  Jan YTD Progress  = 1.7% of goal
$  42,285  Feb YTD Progress  = 28% of goal
$  43,905  Mar YTD Progress  = 30% of goal
$  46,415  Apr YTD Progress  = 31% of goal
$  68,925  May YTD Progress  = 46% of goal
Title: Re: Save 50k single 100k couple in 2018
Post by: ritz on May 03, 2018, 09:33:12 AM
April Totals:
GoalActualRemaining
401(K)18,5001,76216,738
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00019,00024,000
Total64,99224,25440,738
37.32% Complete

Good news for the month is that I found the right person to complain to about the 401(k), and they changed the plan so I should be able to start contributing this month! Bad news is that the 401(k) company apparently didn't fix it right and thinks I'm not eligible to contribute until 2039. Hopefully they can get it sorted out.
Title: Re: Save 50k single 100k couple in 2018
Post by: Need2Save on May 04, 2018, 07:35:36 AM
APRIL PROGRESS
$  6,277 / $ 18,500 -- 401k Mrs
$  3,296 / $   6,593 -- 401k Match Mrs (no change until July)
$  7,718 / $ 18,500 -- 401k Mr
$  6,773 / $   5,122 -- 401k Match Mr
$  2,836 / $   5,230 -- HSA Mrs
$     270 / $   1,670 -- HSA Mr
$49,775 / $ 60,000 -- Taxable Investments
$  4,400 / $   8,000 -- Other Savings
$16,142 / $ 30,900 -- Extra Principal Payments
$97,487 / $154,515 -- TOTAL GOAL FOR 2018 

Now up to 63% of annual goal!

My laziness paid off somewhat. I know the Family HSA limit was lowered to $6,850 but now the IRS has reversed it for 2018 back to $6,900 so I don't have to adjust the HSA for this year after all!
Title: Re: Save 50k single 100k couple in 2018
Post by: simonsez on May 04, 2018, 09:24:18 AM
Wow, inspiring stuff everyone!  I will say it's interesting to learn about the various accounting strategies that I've never thought of before.  I typically think of dollars in my gross paycheck that I am putting toward investments/retirement but now I see there are other ways to consider that make sense to me (and they get me to 50k!).
Title: Re: Save 50k single 100k couple in 2018
Post by: jlcnuke on May 07, 2018, 05:32:38 PM

A note: the HSA limit for families was dropped from $6,900 back to $6,850 for this year.
Ah, I had forgotten about that... Thanks, I'll update that in next month's post.



Sent from my Moto G (5) Plus using Tapatalk

FYI, it looks like they changed it back... https://www.benefitresource.com/blog/2018-hsa-limits-announced/
Title: Re: Save 50k single 100k couple in 2018
Post by: salt cured on May 08, 2018, 07:58:46 AM
Halfway to 100k and tracking $130k for the year.

As of end of May:
Tax Deferred:$41k
Taxable:$5k
Cash:$4.5k
Debt:$3k
Total:$53.5k
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on May 12, 2018, 08:24:07 AM
Late but end of April update:

401k 1: $6,160 / $18,500
Match: $841 / $3,000
401k 2: $1,558 / $18,500
HSA: $1,725 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $7,400 / $31,000
============================
Total: $33,684 / $92,900 (36%)
Title: Re: Save 50k single 100k couple in 2018
Post by: jlcnuke on May 12, 2018, 03:31:35 PM
Current Progress:
401K:                $6,723 / $18,500 - Will have to adjust contributions down later to ensure I get the full matching throughout the year
401k matching:  $1,524 / $5,000 (may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere)
IRA:                  $8,835 / $8,835 (realized early this year I didn't max it last year, so this year included contributions for both tax years) - DONE
HSA:                  $774 / $3,450
Taxable:             $750 / $17,550 (pushed to get IRA contributions in first, this is up next)

Total:                 $18,606 / $53,335 (adjusted up for 2017 IRA contribution) - 35% done

Stretch goal is $60k by adding even more to the taxable account.

Paying the mortgage as well (about $900 per month to principal) but not counting it since that's my forever home.

It'll be a month in a few days and the numbers shouldn't change between now and then, so here's the May update:

401K:                $8,898 / $18,500 - Still having to adjust contributions down later to ensure I get the full matching throughout the year
401k matching:  $2,144 / $5,000 - may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $1,251 / $3,450 - just upped the contribution rate as it seems the change I put in a while ago never went through
Taxable:             $7,050 / $17,550 - focusing on this now, though I am booking my fall vacation and taking my spring vacation this month so it likely won't jump quite this much next month..

Total:                 $28,178 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 53% done
Title: Re: Save 50k single 100k couple in 2018
Post by: peeps_be_peeping on May 18, 2018, 07:47:19 PM
                         Goal           YTD       Remaining
401(k)               18,500       0           18,500
401(k) match      3,240         0           3,240
Taxable               33,260       4,675    28,585
Total                    55,000      4,675    50,325   9.3% to total

Single and aiming to save $55,000 in 2018, for about a 50% savings rate. I started a new job 3 months ago and I won't be able to join the 401(k) until July 1. So I am hoping to max out my 401(k) in the last six months of the year.

Update:

Turns out I'm eligible to join the 401(k) with my May paycheck (we are paid once per month). Also I decided to fund my Roth IRA.

                        Goal           YTD       Remaining
401(k)               18,496       0           18,496
401(k) match      3,240         0           3,240
Roth IRA             5,500        3,000      2,500
Taxable               27,764      15,025    12,739
Total                    55,000     18,025    36,975        32.7% to goal
Title: Re: Save 50k single 100k couple in 2018
Post by: gpyros85 on May 19, 2018, 03:24:30 AM
Married, 1 income, 3 kids, income of 98k/year

401k             18500
401k Match    5140
Roth IRA        5500
Taxable          11660 

$40,800. Goal would be 50k/year, I don't really consider the HSA as savings since with 3 kids it gets used up pretty quickly.

I think it would benefit this forum if income was included also...

Title: Re: Save 50k single 100k couple in 2018
Post by: SAfAmBrit on May 20, 2018, 09:40:53 AM
Apr 2017

$    2365 / $    2,365 -401k
$    1600 / $    1,600--401k match
$   5,500 / $    5,500--Roth
$   6,500 / $    6,500--DH Roth
$  17,750 / $  86,000--Taxable Investment
_________________________
$ 33,715  / $  $100,865- On track
Title: Re: Save 50k single 100k couple in 2018
Post by: Arbitrage on May 20, 2018, 04:07:19 PM
Married, 1 income, 3 kids, income of 98k/year

401k             18500
401k Match    5140
Roth IRA        5500
Taxable          11660 

$40,800. Goal would be 50k/year, I don't really consider the HSA as savings since with 3 kids it gets used up pretty quickly.

I think it would benefit this forum if income was included also...

Why not use the taxable money to pay for your health bills, and allow the HSA to grow tax-free?  Keep your receipts and you'll be able to withdraw it down the road.
Title: Re: Save 50k single 100k couple in 2018
Post by: boarder42 on May 22, 2018, 11:16:35 AM
Bout time for an ole update

401k 1 - 5500/18500
401k 2 - 7200/18500
Match 1 - 1050/3300
Match 2 - 1581/5700
HSA - 2515/6900
ESOP - 12000/12000
Roths - 11000/11000
Taxable - 2400/44000

Total = 43246 / 110000 = 40%
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on May 22, 2018, 12:28:50 PM
May's numbers.

Married; single income; 2 kids

Rolled over my after tax contributions to my Roth IRA this month.  Also revised my 401K after tax goal down by $213, but upped my employer match by about the same amount.  All of the 401K contributions should hopefully add to $55000 and be correctly allocated.  Because the 401K contributions are done on a percentage basis, I'll technically go just a bit beyond the $55k limit, but Fidelity sends out a check next year for any overages.  Both IRAs are now all finished for the year.



HSA                   $2042 / $4900
HSA Match              $500 / $2000
401K After Tax       $29062 / $29058
401K Employer Match   $4114 / $7442
401K Pre Tax           $321 / $18500
Roth IRA              $5500 / $5500
Wife Traditional IRA  $5500 / $5500
Mortgage Principal    $3633 / $8834
Taxable Account        $254 / $7000

Total:               $50670 / $88734 (57.1%)
Title: Re: Save 50k single 100k couple in 2018
Post by: gpyros85 on May 23, 2018, 01:20:35 AM
Married, 1 income, 3 kids, income of 98k/year

401k             18500
401k Match    5140
Roth IRA        5500
Taxable          11660 

$40,800. Goal would be 50k/year, I don't really consider the HSA as savings since with 3 kids it gets used up pretty quickly.

I think it would benefit this forum if income was included also...

Why not use the taxable money to pay for your health bills, and allow the HSA to grow tax-free?  Keep your receipts and you'll be able to withdraw it down the road.

I have not thought of that option.
Title: Re: Save 50k single 100k couple in 2018
Post by: NinetyFour on May 24, 2018, 01:45:33 PM
Singleton.

Two notes:  I am retiring roughly half way through 2018.  I will receive a lump sum of a full year's salary as an incentive payout.

Savings Goals for 2018:

401a:               $6,800 (that includes both employee and employer contributions)
403b:              $24,500
457:               $24,500
mortgage principal: $8,000
taxable account:   $27,000
max Roth IRA 2017:  $6,500
max Roth IRA 2018:  $6,500

total:            $103,800


Progress so far:

401a:                $5,589 (that includes both employee and employer contributions)
403b:                $8,000
457:                 $8,000
mortgage principal:  $2,776
taxable account:    $14,000
max Roth IRA 2017:   $6,500
max Roth IRA 2018:   $6,500

Total so far:       $51,365
Title: Re: Save 50k single 100k couple in 2018
Post by: salt cured on June 01, 2018, 08:39:16 AM
Halfway to 100k and tracking $130k for the year.

As of end of May:
Tax Deferred:$41k
Taxable:$5k
Cash:$4.5k
Debt:$3k
Total:$53.5k
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on June 01, 2018, 11:18:27 AM
Goals:

$39,415 TFSA
$34,532 RRSP

Date To Date   /  Goal %
Jan 2018 $4,035.22   /  $64,539 6.3%
Feb 2018 $8,027.74   /  $64,539 12.4%
Mar 2018 $12,975.69   /  $73,947 17.5%
Apr 2018 $16,968.21   /  $73,947 22.9%
May 2018 $31,461.39   /  $73,947 42.5% (+14,493)

Sold my truck (our only vehicle outside of motorcycles) to get some more savings going this year. Looking good.
Title: Re: Save 50k single 100k couple in 2018
Post by: neophyte on June 01, 2018, 12:41:22 PM

accountgoalMay% goal
403(b)185007885.4542.6%
match44601858.5041.7%
HSA345045513.2%
IRA55005500100%
mortgage principal46282346.2750.7%
taxable1346200%
total5000018045.2236%
[/quote]
Title: Re: Save 50k single 100k couple in 2018
Post by: Need2Save on June 02, 2018, 09:13:09 AM
MAY PROGRESS
$  7,692 / $ 18,500 -- 401k Mrs
$  3,296 / $   6,593 -- 401k Match Mrs (no change until July)
$  9,071 / $ 18,500 -- 401k Mr
$  7,168 / $   5,122 -- 401k Match Mr
$  3,133 / $   5,230 -- HSA Mrs
$     330 / $   1,670 -- HSA Mr
$52,025 / $ 60,000 -- Taxable Investments
$  4,900 / $   8,000 -- Other Savings
$18,043 / $ 30,900 -- Extra Principal Payments
$105,658 / $154,515 -- TOTAL GOAL FOR 2018 

68% of annual goal now.
Title: Re: Save 50k single 100k couple in 2018
Post by: NinetyFour on June 02, 2018, 06:32:23 PM
Singleton.

Two notes:  I am retiring roughly half way through 2018.  I will receive a lump sum of a full year's salary as an incentive payout.

Savings Goals for 2018:

401a:               $6,800 (that includes both employee and employer contributions)
403b:              $24,500
457:               $24,500
mortgage principal: $8,000
taxable account:   $27,000
max Roth IRA 2017:  $6,500
max Roth IRA 2018:  $6,500

total:            $103,800


Progress so far:

401a:                $6,524 (that includes both employee and employer contributions)
403b:                $8,000
457:                 $8,000
mortgage principal:  $3,315
taxable account:    $14,000
max Roth IRA 2017:   $6,500
max Roth IRA 2018:   $6,500

Total so far:       $52,839
Title: Re: Save 50k single 100k couple in 2018
Post by: jimmyshutter on June 03, 2018, 02:55:00 AM
24500 401K
 6500 Roth
 4400 Match
 5100 Taxable
----------------
 $40,500

I guess I'll be adding 10K to my taxable account this year to make up the difference.......I love this site :)

Title: Re: Save 50k single 100k couple in 2018
Post by: McStache on June 03, 2018, 03:52:37 PM
April Update:
Bucket         Current / Goal
401k          $ 14,115 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 1,092 / $ 3,000
Roth IRA       $ 2,500 / $ 5,500
HSA            $ 2,021 / $ 3,450
Brokerage      $ 6,552 / $ 13,550
------------------------------------
Total         $ 26,280 / $ 50,000

January        $ 4,765   9.5%
February      $ 13,972   27.9%
March         $ 20,564   41.1%
April         $ 24,276   48.6%
May           $ 26,280   52.6%


A slow savings month for May due to an apartment deposit for an upcoming move, but still on schedule for the year.
Title: Re: Save 50k single 100k couple in 2018
Post by: jlcnuke on June 04, 2018, 05:43:11 PM
Updating end of month now:

401K:                $10,163 / $18,500 - Still having to adjust contributions down later to ensure I get the full matching throughout the year
401k matching:  $2,572/ $5,000 - may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $1,374 / $3,450 - just upped the contribution rate as it seems the change I put in a while ago never went through
Taxable:             $8,000 / $17,550 - focusing on this now, though I booked my fall vacation and just got back from a week's vacation so not as much progress as I might have made otherwise

Total:                 $30,944 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 58% done
Title: Re: Save 50k single 100k couple in 2018
Post by: ritz on June 06, 2018, 09:56:15 AM
May Totals:
GoalActualRemaining
401(K)18,5004,09514,405
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00023,00020,000
Total64,99230,58734,405
47.06% Complete

Biggest accomplishment for the month was that my company finally fixed the 401(k) plan and I am now contributing! All of the investment options suck, but I figure I won't work here forever so I'll just roll it over when I leave.
Title: Re: Save 50k single 100k couple in 2018
Post by: Slow&Steady on June 07, 2018, 08:38:38 AM
I have looked past this challenge for the last few years because as a couple we did not even make 100k, so no way we could save 100k.  However, it looks like there are at least a few that joined as a couple that are not able to make the 100k goal either!!

We have a couple hiccups this year that makes our savings rates/abilities even lower than normal.  I am the only one with access to a 401k and I switched jobs, that means that I have lost the ability to contribute to 401k for 30 days and no longer have an HSA option.  I am also due with our 2nd (last) kid in March and will be taking an unpaid maternity leave, meaning no 401k contributions during that time and delayed (until I get back to work) savings for everything else.  So my updates might not happen again (or be unremarkable) until July-ish.  Although I think I should get a couple contributions into the new 401k in March before baby is born, we will see.

I also rounded the goals but the YTD and Remaining will include pennies!

The good news: baby is healthy, I am back to work and savings can begin (again), and we had maternity leave savings left over to pay a contractor to finish some of our DIY that started 6 years ago.
The bad news: I lost the flash drive that had my Excel file that I keep all this information so I had to re-create some of it, and the only thing that we have really done since March is make the min payments on debt.

Name Goal / YTD / Remaining      
401k S&S $5500 / $1302.55 / $4197.45       
401k Match $3895 / $1344.54 / $2550.46       
IRA DH $8500 / $3000 / $5500       
HSA   $1900 / $1900 / $0       
529  $1200 / $0 / $1200       
Debt $22600 / $6446.67 / $16153.33       

Total   $43595 / $13993.76 / $29601.24 = 68%
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on June 07, 2018, 01:16:59 PM
The good news: baby is healthy, I am back to work and savings can begin (again), and we had maternity leave savings left over to pay a contractor to finish some of our DIY that started 6 years ago.
The bad news: I lost the flash drive that had my Excel file that I keep all this information so I had to re-create some of it, and the only thing that we have really done since March is make the min payments on debt.

NameGoalYTDRemaining
401k S&S$5500$1302.55$4197.45
401k Match$3895$1344.54$2550.46
IRA DH$8500$3000$5500
HSA$1900$1900$0
529$1200$0$1200
Debt$22600$6446.67$16153.33
Total$43595$13993.76$29601.24=68%

Congratulations on the baby! And you're certainly putting in work on your goals, so congrats on those too.

Just in case you want to turn your posts into a table I've copied it here (should be able to copy and paste it with updates as you do them). Can you tell I'm bored at work?

Code: [Select]
[table]
[tr][td]Name[/td][td]Goal[/td][td]YTD[/td][td]Remaining[/td][/tr]
[tr][td]401k S&S[/td][td]$5500[/td][td]$1302.55[/td][td]$4197.45[/td][/tr]
[tr][td]401k Match[/td][td]$3895[/td][td]$1344.54[/td][td]$2550.46[/td][/tr]
[tr][td]IRA DH[/td][td]$8500[/td][td]$3000[/td][td]$5500[/td][/tr]
[tr][td]HSA[/td][td]$1900[/td][td]$1900[/td][td]$0[/td][/tr]
[tr][td]529[/td][td]$1200[/td][td]$0[/td][td]$1200[/td][/tr]
[tr][td]Debt[/td][td]$22600[/td][td]$6446.67[/td][td]$16153.33[/td][/tr]

[tr][td]Total[/td][td]$43595[/td][td]$13993.76[/td][td]$29601.24[/td][td]=68%[/td][/tr]
[/table]
Title: Re: Save 50k single 100k couple in 2018
Post by: Slow&Steady on June 07, 2018, 01:29:44 PM
The good news: baby is healthy, I am back to work and savings can begin (again), and we had maternity leave savings left over to pay a contractor to finish some of our DIY that started 6 years ago.
The bad news: I lost the flash drive that had my Excel file that I keep all this information so I had to re-create some of it, and the only thing that we have really done since March is make the min payments on debt.

NameGoalYTDRemaining
401k S&S$5500$1302.55$4197.45
401k Match$3895$1344.54$2550.46
IRA DH$8500$3000$5500
HSA$1900$1900$0
529$1200$0$1200
Debt$22600$6446.67$16153.33
Total$43595$13993.76$29601.24=68%

Congratulations on the baby! And you're certainly putting in work on your goals, so congrats on those too.

Just in case you want to turn your posts into a table I've copied it here (should be able to copy and paste it with updates as you do them). Can you tell I'm bored at work?

Code: [Select]
[table]
[tr][td]Name[/td][td]Goal[/td][td]YTD[/td][td]Remaining[/td][/tr]
[tr][td]401k S&S[/td][td]$5500[/td][td]$1302.55[/td][td]$4197.45[/td][/tr]
[tr][td]401k Match[/td][td]$3895[/td][td]$1344.54[/td][td]$2550.46[/td][/tr]
[tr][td]IRA DH[/td][td]$8500[/td][td]$3000[/td][td]$5500[/td][/tr]
[tr][td]HSA[/td][td]$1900[/td][td]$1900[/td][td]$0[/td][/tr]
[tr][td]529[/td][td]$1200[/td][td]$0[/td][td]$1200[/td][/tr]
[tr][td]Debt[/td][td]$22600[/td][td]$6446.67[/td][td]$16153.33[/td][/tr]

[tr][td]Total[/td][td]$43595[/td][td]$13993.76[/td][td]$29601.24[/td][td]=68%[/td][/tr]
[/table]

Thank you, the none table thing was driving me crazy but I hadn't spent the time to figure it out yet.
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on June 21, 2018, 07:51:18 PM
June's numbers.

Married; single income; 2 kids

We're narrowing in on possible FIRE next year October.  We'll see.



HSA                   $2450 / $4900
HSA Match              $500 / $2000
401K After Tax       $29062 / $29058
401K Employer Match   $4357 / $7442
401K Pre Tax           $962 / $18500
Roth IRA              $5500 / $5500
Wife Traditional IRA  $5500 / $5500
Mortgage Principal    $4367 / $8834
Taxable Account       $1743 / $7000

Total:               $54441 / $88734 (61.4%)
Title: Re: Save 50k single 100k couple in 2018
Post by: Need2Save on June 24, 2018, 06:41:25 AM
JUNE PROGRESS
$  9,135 / $ 18,500 -- 401k Mrs
$  3,296 / $   6,593 -- 401k Match Mrs (no change until July)
$10,425 / $ 18,500 -- 401k Mr
$  7,562 / $   5,122 -- 401k Match Mr
$  3,433 / $   5,230 -- HSA Mrs
$     390 / $   1,670 -- HSA Mr
$54,125 / $ 60,000 -- Taxable Investments
$  5,400 / $   8,000 -- Other Savings
$19,944 / $ 30,900 -- Extra Principal Payments
$113,709 / $154,515 -- TOTAL GOAL FOR 2018 

74% of our annual goal now.
July should more exciting. I have a 2nd bonus coming, I'll get 401k match for the first 6 months of the year, and we'll have quarterly ESPP to divert to investments as well.
Title: Re: Save 50k single 100k couple in 2018
Post by: jlcnuke on June 29, 2018, 07:06:06 AM
Updating end of month now:

401K:                $10,163 / $18,500 - Still having to adjust contributions down later to ensure I get the full matching throughout the year
401k matching:  $2,572/ $5,000 - may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $1,374 / $3,450 - just upped the contribution rate as it seems the change I put in a while ago never went through
Taxable:             $8,000 / $17,550 - focusing on this now, though I booked my fall vacation and just got back from a week's vacation so not as much progress as I might have made otherwise

Total:                 $30,944 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 58% done

End of June update:

401K:                $11,839 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year
401k matching:  $3.022/ $5,000 - may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $1,576 / $3,450 - Should be on track now
Taxable:             $6,350 / $17,550 - Overall this went down, but I did take a vacation and book two more vacations during the past month so I should be able to get back on top of this moving forward. I used money from this account to pay for the trips and so I took that back out of this year's contributions.

Total:                 $34,422 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 65% completed

Title: Re: Save 50k single 100k couple in 2018
Post by: tralfamadorian on June 29, 2018, 03:49:45 PM
Q2:
                         GOAL     YTD      %
SE401k:                 18.5K     0        %
401k employer side:     12.5K     12.5K    100%
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     10.05K   100%
total:                    50K     31.5K    63%
Title: Re: Save 50k single 100k couple in 2018
Post by: Arbitrage on June 29, 2018, 06:35:25 PM

Edit: As of 6/29 - looks like we amped up the taxable savings this quarter!
Goal: $100k

Stash accounts
403b - 9203 / 18500
SIMPLE IRA - 6736 / 12500
401a - 2999 / 6000
SIMPLE match - 1250 / 2500
Backdoor Roth - 5500 / 5500
I bonds - 10000 / 10000
(Other) Taxable - 18933 / 27000

Other savings
529 #1 - 2800 / 6000
529 #2 - 2800 / 6000
Extra principal on mortgage - 2500 / 6000

If I juice the numbers a bit to include fixed debt repayment, I would add:
Standard principal payments on mortgage - 15200
Student loan principal - 2700

Hitting those goals means a NW increase of just under $120k in the absence of any investment returns/house price appreciation; i.e. this is what I can control.
Title: Re: Save 50k single 100k couple in 2018
Post by: NinetyFour on June 29, 2018, 11:04:35 PM
Singleton.

Two notes:  I am retiring roughly half way through 2018.  I will receive a lump sum of a full year's salary as an incentive payout.

Savings Goals for 2018:

401a:               $6,800 (that includes both employee and employer contributions)
403b:              $24,500
457:               $24,500
mortgage principal: $8,000
taxable account:   $27,000
max Roth IRA 2017:  $6,500
max Roth IRA 2018:  $6,500

total:            $103,800


Progress so far:

401a:                $7,936 (that includes both employee and employer contributions)
403b:                $16,500
457:                 $16,500
mortgage principal:  $3,315
taxable account(s):  $46,000
max Roth IRA 2017:   $6,500
max Roth IRA 2018:   $6,500

Total so far:        $103,251


Wowser.  :)
Title: Re: Save 50k single 100k couple in 2018
Post by: ToughMother on June 30, 2018, 08:24:23 AM
Q2 update:
                GOAL            Q2             %
457:       24,500.00   17,658.69    72.1%
403b:     24,500.00   24,500.00   100.0%
pension:   9,200.00     5,800.75    63.1%
total:     58,200.00   47,959.44    82.4%

And WOW, @NinetyFour -- that taxable account is your BFF!!! Even after a big trip.  CONGRATS!
Title: Re: Save 50k single 100k couple in 2018
Post by: rebel_quietude on June 30, 2018, 09:34:22 AM
Sheesh, looking through - I don't see a single post from the end of June that's less than 50% of goal. Rockin' it, everybody!

Last year I saved $40,055.97.  $50k will be a stretch, but the good kind, I hope.

I can't claim credit for this at all. I sold my house, which resulted in a completely unsustainable (but nice) bump in savings.

Here's hoping I can repeat these numbers next year with just W2 income!

End of second quarter 2018:
 $9,285/ $18,500 401k (50%)
 $2,750/ $5,500 Roth (50%)
 $22,600/ $21,600 Taxable Brokerage (104%)
 $11,068/ $4,500 Cash (245%)

Jun 18 / 2018 Goal:
 $45,703/ $50,000 (91%)


Title: Re: Save 50k single 100k couple in 2018
Post by: NinetyFour on June 30, 2018, 12:00:31 PM
Q2 update:
                GOAL            Q2             %
457:       24,500.00   17,658.69    72.1%
403b:     24,500.00   24,500.00   100.0%
pension:   9,200.00     5,800.75    63.1%
total:     58,200.00   47,959.44    82.4%

And WOW, @NinetyFour -- that taxable account is your BFF!!! Even after a big trip.  CONGRATS!

Thanks, @ToughMother !  I just received my Voluntary Separation Incentive Payout (a full year's salary in a lump sum), so that definitely helped boost my savings!  I will receive one more regular paycheck on 7/13, and then the firehose of cash will stop--yikes!

You are doing great--looks like you will have no problem exceeding your goal!
Title: Re: Save 50k single 100k couple in 2018
Post by: Slow&Steady on July 02, 2018, 08:22:06 AM
NameGoalYTDRemaining
401k S&S$5500$1477.93$4022.07
401k Match$3895$1519.93$2375.07
IRA DH$8500$3000$5500
HSA$1900$1900$0
529$1200$0$1200
Debt$22600$6871.62$15728.38
Total$43595$14769.48$28825.52=33.88%

Sheesh, looking through - I don't see a single post from the end of June that's less than 50% of goal. Rockin' it, everybody!

Sorry to disappoint, but the goals were developed with the knowledge that I would be missing 3-4 months in the 1st half of the year due to maternity leave.  Hopefully, I will catch these up in the next few months.  Although the we will be hit with a very costly repair bill in July on the rental that will probably set us back on some of these goals.
Title: Re: Save 50k single 100k couple in 2018
Post by: AFrugalGuy on July 02, 2018, 09:07:05 AM
Right now, my husband and I are on track for $95,251.03 (a figure that does not include deductions for my DB pension plan). With his bonuses over the next six months, we should be able to reach that $100k threshold for the first time. We've done this through a combination of (very) lean spending and zero lifestyle inflation as our incomes have risen. My husband's new job also covers some monthly expenses (phone, gas, insurance for the car).
Title: Re: Save 50k single 100k couple in 2018
Post by: ToughMother on July 03, 2018, 09:03:21 AM

Thanks, @ToughMother !  I just received my Voluntary Separation Incentive Payout (a full year's salary in a lump sum), so that definitely helped boost my savings!  I will receive one more regular paycheck on 7/13, and then the firehose of cash will stop--yikes!

You are doing great--looks like you will have no problem exceeding your goal!

Ah, I had a cash infusion in April when I left my old soul-sucking job -- cashed out about 9 weeks of vacation at my old high pay and dumped it into my 403 and 457.  Now I'm piddling along at $500 per pay period (ouch, used to be $2K) but life is back and I just signed on yesterday to launch a ceramics studio for myself.  I hope you love retirement as much as I love having downsized my job.  It is nice to breathe and explore what life has to offer! Even if that means getting used to a garden hose rather than a firehose!

Cheers friend!
Title: Re: Save 50k single 100k couple in 2018
Post by: ritz on July 03, 2018, 09:14:02 AM
June Totals:
GoalActualRemaining
401(K)18,5006,42812,072
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00027,00016,000
Total64,99236,92028,072
56.81% Complete

Nothing super exciting to report this month, but I guess that's good:-)
Title: Re: Save 50k single 100k couple in 2018
Post by: Slow&Steady on July 03, 2018, 09:37:24 AM
June Totals:
GoalActualRemaining
401(K)18,5006,42812,072
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00027,00016,000
Total64,99236,92028,072
56.81% Complete

Nothing super exciting to report this month, but I guess that's good:-)

Why are you putting so much into taxable and not filling the HSA or IRA?  This is a serious questions, I am interested to learn why people choose to do thing.
Title: Re: Save 50k single 100k couple in 2018
Post by: salt cured on July 03, 2018, 12:41:25 PM
As of the end of June. Goal is $130k.

Tax Deferred:$53k
Taxable:$5k
Cash:$16k
Debt:$3k
Total:$77k
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on July 03, 2018, 01:08:10 PM
Goals:

$39,415 TFSA
$34,532 RRSP

Date To Date   /  Goal %
Jan 2018 $4,035.22   /  $64,539 6.3%
Feb 2018 $8,027.74   /  $64,539 12.4%
Mar 2018 $12,975.69   /  $73,947 17.5%
Apr 2018 $16,968.21   /  $73,947 22.9%
May 2018 $31,461.39   /  $73,947 42.5%
June 2018 $39,302.70   /  $73,947 53.1% (+7841)

Project got back on track so overtime was approved, hasn't affected too much yet but should make the goals seem small by the end of the year. TFSA is now completely full, on to my RRSP and hopefully done that by November with new revamped goals. Only tracking myself, wife is still just getting started on her journey (will probably cause OMY for me until she's ready too).
Title: Re: Save 50k single 100k couple in 2018
Post by: Fomerly known as something on July 06, 2018, 08:18:27 AM
July:

401k/401k(Roth):  9793/18500
401k match:  3600.72/6000
IRA:  5,500/5,500
Taxable:  15332.5/35,000
House principle:  3444.51/5000
HSA:  $2,500/2,700
HSA pass through:  $375/$750

I recently switched from the traditional 401k to the Roth option due to what will be structural issues specific to me in retirement.  I might no make my taxable goal as I'm now looking at moving some yardwork expenses from next year to this year.
Title: Re: Save 50k single 100k couple in 2018
Post by: McStache on July 06, 2018, 08:31:38 PM
June Update:
Bucket         Current / Goal
401k          $ 15,915 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 1,092 / $ 3,000
Roth IRA       $ 2,950 / $ 5,500
HSA            $ 2,225 / $ 3,450
Brokerage      $ 7,925 / $ 13,550
------------------------------------
Total         $ 30,107 / $ 50,000

January        $ 4,765   9.5%
February      $ 13,972   27.9%
March         $ 20,564   41.1%
April         $ 24,276   48.6%
May           $ 26,280   52.6%
June          $ 30,107   60.2%
Title: Re: Save 50k single 100k couple in 2018
Post by: rebel_quietude on July 07, 2018, 04:41:02 PM
Total$43595$14769.48$28825.52=33.88%

Sheesh, looking through - I don't see a single post from the end of June that's less than 50% of goal. Rockin' it, everybody!

Sorry to disappoint, but the goals were developed with the knowledge that I would be missing 3-4 months in the 1st half of the year due to maternity leave.  Hopefully, I will catch these up in the next few months.  Although the we will be hit with a very costly repair bill in July on the rental that will probably set us back on some of these goals.

@Slow&Steady Disappointed? Never! Congratulations, and best wishes for everyone's health and happiness (I'm thinking hopeful thoughts of babies sleeping through the night and taking it easy on their parents).
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on July 13, 2018, 08:03:20 AM
Missed updating here for awhile but here's a catch up:

401k 1: $10,010 / $18,500
Match: $1,365 / $3,000
401k 2: $5,467 / $18,500
HSA: $3,150 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $9,506 / $31,000
============================
Total: $45,498 / $92,900 (49%)

Tracking just a bit behind schedule but hoping to pick it up now that our spendy Spring is over.
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on July 25, 2018, 02:16:52 PM
July's numbers.

Married; single income; 2 kids

Had a surprise water bill ($240!!) after the automatic water shut off valve for the garden stopped working (dead battery) _after_ it turned on.  We were gone for the weekend, so it ran for a day and a half until I got an alert that I used 9000 gallons of water.  That led to me replacing the main water valve for the house as well as installing a Zwave water shut off valve.  Now if more than 50 gallons of water is used while we are away from the house, the computer will automatically shut off the water supply to the house (and alert me).


HSA                   $2858 / $4900
HSA Match             $1000 / $2000
401K After Tax       $29062 / $29058
401K Employer Match   $4869 / $7442
401K Pre Tax          $2297 / $18500
Roth IRA              $5500 / $5500
Wife Traditional IRA  $5500 / $5500
Mortgage Principal    $5105 / $8834
Taxable Account       $5597 / $7000

Total:               $61789 / $88734 (69.6%)
Title: Re: Save 50k single 100k couple in 2018
Post by: jlcnuke on July 26, 2018, 04:52:09 AM
End of July update:

401K:                $12,638 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year, I really wish we had a true-up matching plan :(
401k matching:  $3,379/ $5,000 - may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $1,816 / $3,450 - On track now
Taxable:             $7,627 / $17,550 - Starting to make this up now.

Total:                 $34,296 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 64% completed

Some of my numbers were off on the last update, but I've got it fixed now. Still on track to make this goal. I *may* be getting an unexpected tax refund that could boost the numbers (long-story), but I'm still shooting to make the goal without that money.
Title: Re: Save 50k single 100k couple in 2018
Post by: Blissful Biker on July 26, 2018, 01:39:17 PM
Update as of today:

Her TFSA: $5500 / $5500
His TFSA: $5800 / $5500
Her RRSP: $19K / $20K
RESP: 0 / $5K - We have decided that we are done contributing to the RESP.  The kids have 80% of what they need, which is enough.
Taxable Account: $27K / $ 39K
----------------------------
$57.3K / $75 = 76% of the way to our goal and the year is only 58% complete.  We are ahead of schedule and on track for $100K in savings this year.  Hooray!

(https://i.imgur.com/iYGGPWp.jpg)

Title: Re: Save 50k single 100k couple in 2018
Post by: salt cured on July 27, 2018, 09:15:14 PM
As of the end of July. Really overspent this month. Goal is $130k.

Tax Deferred:$63k
Taxable:$6k
Cash:$19k
Debt:$3k
Total:$91k
Title: Re: Save 50k single 100k couple in 2018
Post by: Need2Save on July 28, 2018, 07:01:39 AM
JULY PROGRESS
$10,424 / $ 18,500 -- 401k Mrs
$  6,669 / $   6,593 -- 401k Match Mrs
$11,779 / $ 18,500 -- 401k Mr
$  7,956 / $   5,122 -- 401k Match Mr
$  3,731 / $   5,230 -- HSA Mrs
$     510 / $   1,670 -- HSA Mr
$75,425 / $ 60,000 -- Taxable Investments
$  5,900 / $   8,000 -- Other Savings
$21,845 / $ 30,900 -- Extra Principal Payments
$144,379 / $154,515 -- TOTAL GOAL FOR 2018 

93% of our annual goal now.
July was notable in two ways. I received the 2nd part of my annual bonus and we used our quarterly sale of ESPP to reinvest in our taxable investment accounts. DH's company stock is higly volatile and usually goes down not up in value so we sell as soon as we can at the end of each quarter, grab out 15% return and then reinvest those funds into our other investment accounts immediately.
Title: Re: Save 50k single 100k couple in 2018
Post by: Slow&Steady on July 30, 2018, 08:32:07 AM
NameGoalYTDRemaining
401k S&S$5500$2062.54$3437.46
401k Match$3895$2104.55$1790.45
IRA DH$8500$3000$5500
HSA$1900$1900$0
529$1200$0$1200
Debt$22600$8335.77$14264.23
Total$43595$17402.86$26192.14=39.92%

The hits keep coming on the rental house.  We will probably not be adding to the 529 accounts this year and might have to wait to make the 2018 IRA contribution until the beginning of 2019.  Tip for any landlords that are not local to your rental property, make your property manager send you pictures of your investment regularly or have a realtor give you an market evaluation regularly (even if you have to pay for it).  Your investment is worth nothing if it is in such bad repair that it cannot be sold, but your property manager will happily continue to take their fee off the top of rent.
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on August 01, 2018, 04:46:32 PM
Goals:

$39,415 TFSA
$34,532 RRSP

Date To Date   /  Goal %
Jan 2018 $4,035.22   /  $64,539 6.3%
Feb 2018 $8,027.74   /  $64,539 12.4%
Mar 2018 $12,975.69   /  $73,947 17.5%
Apr 2018 $16,968.21   /  $73,947 22.9%
May 2018 $31,461.39   /  $73,947 42.5%
June 2018 $39,302.70   /  $73,947 53.1%
July 2018 $47,302.70   /  $73,947 64% (+8000)

Lots of overtime means my bonus is getting large here (not paid out until October)... working on my RRSP means the numbers are going up quickly for now too. Win until my RRSP is full sometime in late October at this pace.

I will have to revamp my goals soon or they will seem paltry compared to where I get to.

Edited for spelling
Title: Re: Save 50k single 100k couple in 2018
Post by: tralfamadorian on August 01, 2018, 04:53:07 PM
Q2+1mo:
                         GOAL     YTD      %
SE401k:                 18.5K     18.5K    100%
401k employer side:     12.5K     12.5K    100%
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     10.05K   100%
total:                    50K     50K      100%

Title: Re: Save 50k single 100k couple in 2018
Post by: McStache on August 01, 2018, 06:06:47 PM
July Update:
Bucket         Current / Goal
401k          $ 17,350 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 1,092 / $ 3,000
Roth IRA       $ 3,350 / $ 5,500
HSA            $ 2,429 / $ 3,450
Brokerage      $ 8,921 / $ 13,550
------------------------------------
Total         $ 33,143 / $ 50,000

January        $ 4,765   9.5%
February      $ 13,972   27.9%
March         $ 20,564   41.1%
April         $ 24,276   48.6%
May           $ 26,280   52.6%
June          $ 30,107   60.2%
July          $ 33,143   66.3%
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on August 05, 2018, 09:53:40 AM
End of July update

401k 1: $10,253 / $18,500
Match: $1,631 / $3,000
401k 2: $6,250 / $18,500
HSA: $3,450 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $10,406 / $31,000
============================
Total: $47,990 / $92,900 (52%)
Title: Re: Save 50k single 100k couple in 2018
Post by: Mustachio Bashio on August 05, 2018, 09:19:09 PM
Hey all!  Joining this way late, but I changed jobs, and that changed my money situation, and now I'm good to go with the challenge!
 
Bucket           Current                Goal
401k              $11,703.84          $18,500 (wont be able to contribute more for another couple months, but eventually there will be matching as well)
Roth IRA        $5,500                 $5,500 (hoping I don't have to deal with this later in the chance that I don't qualify any more to contribute for the year)
HSA               $3,262                 $3,262 (no hsa at the new job and the last job would contribute a little bit each quarter, which is why I wont ever get to 3,450)
Brokerage      $10,200                $22,738
Total              $30,665                $50,000
Title: Re: Save 50k single 100k couple in 2018
Post by: AFrugalGuy on August 06, 2018, 09:34:56 AM
Now tracking at $99,967.57 as a couple (which does not include my contributions to my DB pension plan). One more quarterly bonus for my husband this year should put us over the top.
Title: Re: Save 50k single 100k couple in 2018
Post by: NinetyFour on August 07, 2018, 09:08:57 AM

Thanks, @ToughMother !  I just received my Voluntary Separation Incentive Payout (a full year's salary in a lump sum), so that definitely helped boost my savings!  I will receive one more regular paycheck on 7/13, and then the firehose of cash will stop--yikes!

You are doing great--looks like you will have no problem exceeding your goal!

Ah, I had a cash infusion in April when I left my old soul-sucking job -- cashed out about 9 weeks of vacation at my old high pay and dumped it into my 403 and 457.  Now I'm piddling along at $500 per pay period (ouch, used to be $2K) but life is back and I just signed on yesterday to launch a ceramics studio for myself.  I hope you love retirement as much as I love having downsized my job.  It is nice to breathe and explore what life has to offer! Even if that means getting used to a garden hose rather than a firehose!

Cheers friend!

I am so glad you are enjoying life much more after leaving your Stressful Job!  That's what it's all about!

I am settling into retirement, I guess, although at this point, it still feels mostly like a normal(ish) summer.  I suppose it will really hit me in a few weeks, when classes at my college start up again.  I plan to be out having a wonderful long hike on August 27th (first day of classes).  And maybe I'll camp that night, so that I can hike again the next day...and the next one...and.....  :)
Title: Re: Save 50k single 100k couple in 2018
Post by: ritz on August 14, 2018, 01:44:36 PM
June Totals:
GoalActualRemaining
401(K)18,5006,42812,072
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00027,00016,000
Total64,99236,92028,072
56.81% Complete

Nothing super exciting to report this month, but I guess that's good:-)

Why are you putting so much into taxable and not filling the HSA or IRA?  This is a serious questions, I am interested to learn why people choose to do thing.

I'm doing it because I left my old job and started a new one in January, so I no longer have a health insurance plan that allows me to contribute to an HSA, and I now make too much money to contribute to a Roth IRA (I also lost a 401(K) match, which is probably the biggest loss). I should land somewhere in the middle of the band where it starts to phase out for 2018, so I'll know exactly how much can go into my Roth when I file my taxes next year. I would love to continue to contribute to those two accounts, but I'll take making more money instead!
Title: Re: Save 50k single 100k couple in 2018
Post by: ritz on August 14, 2018, 01:51:39 PM
July Totals:
GoalActualRemaining
401(K)18,5008,7629,738
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00030,00013,000
Total64,99242,25422,738
65.01% Complete

Another boring month!
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on August 20, 2018, 01:03:27 PM
Mid August update

401k 1: $11,023 / $18,500
Match: $1,753 / $3,000
401k 2: $7,031 / $18,500
HSA: $3,727 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $11,902 / $31,000
============================
Total: $51,436 / $92,900 (55%)
Title: Re: Save 50k single 100k couple in 2018
Post by: use2betrix on August 22, 2018, 09:08:55 AM
Surpassed 100k net worth increase so far in 2018 on a single income (NW almost 300k total). In terms of just savings, I.e. not 401k match or investment gains, sitting at about $82k saved. Should hit 100k saved by October 1st. My overall goal is $10k/mo savings so pretty much on target.
Title: Re: Save 50k single 100k couple in 2018
Post by: Slow&Steady on August 22, 2018, 12:25:36 PM
June Totals:
GoalActualRemaining
401(K)18,5006,42812,072
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00027,00016,000
Total64,99236,92028,072
56.81% Complete

Nothing super exciting to report this month, but I guess that's good:-)

Why are you putting so much into taxable and not filling the HSA or IRA?  This is a serious questions, I am interested to learn why people choose to do thing.

I'm doing it because I left my old job and started a new one in January, so I no longer have a health insurance plan that allows me to contribute to an HSA, and I now make too much money to contribute to a Roth IRA (I also lost a 401(K) match, which is probably the biggest loss). I should land somewhere in the middle of the band where it starts to phase out for 2018, so I'll know exactly how much can go into my Roth when I file my taxes next year. I would love to continue to contribute to those two accounts, but I'll take making more money instead!

That all makes complete sense, thank you for sharing.
Title: Re: Save 50k single 100k couple in 2018
Post by: jlcnuke on August 30, 2018, 06:01:39 AM
End of August update:

401K:                $14,087 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year, I really wish we had a true-up matching plan :(
401k matching:  $4,018/ $5,000 - may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $2,116 / $3,450 - On track
Taxable:             $11,227 / $17,550 - Starting to make this up now.

Total:                 $40,283 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 76% completed

Still on track to make this goal. 76% completed with only 67% of the year over. Stretch goal of $60 may in fact be doable.
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on August 30, 2018, 06:31:42 PM
August's numbers.

Married; single income; 2 kids


HSA                   $3267 / $4900
HSA Match             $1000 / $2000
401K After Tax       $29062 / $29058
401K Employer Match   $5382 / $7442
401K Pre Tax          $5610 / $18500
Roth IRA              $5500 / $5500
Wife Traditional IRA  $5500 / $5500
Mortgage Principal    $5845 / $8834
Taxable Account       $5845 / $7000

Total:               $67011 / $88734 (75.5%)
Title: Re: Save 50k single 100k couple in 2018
Post by: peeps_be_peeping on August 30, 2018, 06:50:25 PM
                         Goal           YTD       Remaining
401(k)               18,500       0           18,500
401(k) match      3,240         0           3,240
Taxable               33,260       4,675    28,585
Total                    55,000      4,675    50,325   9.3% to total

Single and aiming to save $55,000 in 2018, for about a 50% savings rate. I started a new job 3 months ago and I won't be able to join the 401(k) until July 1. So I am hoping to max out my 401(k) in the last six months of the year.

Update:

Turns out I'm eligible to join the 401(k) with my May paycheck (we are paid once per month). Also I decided to fund my Roth IRA.

                        Goal           YTD       Remaining
401(k)               18,496       0           18,496
401(k) match      3,240         0           3,240
Roth IRA             5,500        3,000      2,500
Taxable               27,764      15,025    12,739
Total                    55,000     18,025    36,975        32.7% to goal

                        Goal           YTD       Remaining
401(k)               18,496       9,248           9,248
401(k) match      3,240         1,080          1,080
Roth IRA             5,500        5,500              0
Taxable              27,764       18,671       10,173
Total                  55,000      34,499        20,501        62.7% to goal
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on August 31, 2018, 08:09:47 AM
Goals (single):

$39,415 TFSA [Full]
$34,532 RRSP [17,887.70 Done]


Date To Date   /  Goal %
Jan 2018 $4,035.22   /  $64,539 6.3%
Feb 2018 $8,027.74   /  $64,539 12.4%
Mar 2018 $12,975.69   /  $73,947 17.5%
Apr 2018 $16,968.21   /  $73,947 22.9%
May 2018 $31,461.39   /  $73,947 42.5%
June 2018 $39,302.70   /  $73,947 53.1%
July 2018 $47,302.70   /  $73,947 64%
Aug 2018 $57,302.70   /  $73,947 77.5% (+10,000)

Looks like I'll blow past my single saving goal, though my project is slowing down here so overtime may not be as easy to come by.

I still have a good bonus in October if everything holds out so here's to hoping.
Title: Re: Save 50k single 100k couple in 2018
Post by: Arbitrage on August 31, 2018, 08:44:43 AM
Edit: As of 8/31
Goal: $100k

Stash accounts
403b - 12407 / 18500
SIMPLE IRA - 10545 / 12500
401a - 4450 / 6000
SIMPLE match - 1800 / 2500
Backdoor Roth - 5500 / 5500
I bonds - 10000 / 10000
(Other) Taxable - 28678 / 27000

Other savings
529 #1 - 4050 / 6000
529 #2 - 4050 / 6000
Extra principal on mortgage - 3500 / 6000

We essentially could coast to the goal at this point, not that I plan to put the brakes on.  However, the looming problem is the kitchen remodel that DW insists we start looking into come November.  That'll kill our numbers (I'll likely have to subtract from the YTD savings numbers).  Getting the net savings to $100k while also paying for the remodel will be the new challenge.  WAG for remodel is $20k for refacing or repainting existing cabinets, updating counters, backsplash, and floor, and possibly some new middle-of-the-road appliances and materials.  Doubtless any experienced remodeler will tell me that number is way too low.  Either way, I'll have to keep the savings on overdrive to overcome.
Title: Re: Save 50k single 100k couple in 2018
Post by: Arbitrage on August 31, 2018, 09:51:08 AM
Since my previous update was at the end of June, I thought I'd calculate our two-month savings numbers, which were juiced a bit due to an unexpected $5k bonus ($2.9k after taxes) that went straight into savings.

July + August savings total: $22259
July + August savings including student loan and mortgage principal paydown: $25200

Score!
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on August 31, 2018, 02:20:55 PM
End of August update:

401k 1: $12,563 / $18,500
Match: $1,998 / $3,000
401k 2: $7,812 / $18,500
HSA: $4,025 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $13,325 / $31,000
============================
Total: $55,723 / $92,900 (60%)

Currently tracking about 6% behind. Hoping to make this up with an uptick in saving and paying off the student loan over the last 4 months of the year.
Title: Re: Save 50k single 100k couple in 2018
Post by: Mustachio Bashio on September 01, 2018, 10:04:24 AM
Bucket           Current                Goal
401k              $11,703.84          $18,500
Roth IRA        $5,500                 $5,500
HSA               $3,262                 $3,262
Brokerage      $18,100                $22,738
Total              $38,565               $50,000

Added $7900 to the brokerage account.  Still can't contribute to my 401k yet, and moved some extra cash that was building up over to VTSAX.
Title: Re: Save 50k single 100k couple in 2018
Post by: Need2Save on September 02, 2018, 05:29:19 AM
AUGUST PROGRESS
$12,708 / $ 18,500 -- 401k Mrs
$  6,669 / $   6,593 -- 401k Match Mrs
$13,553 / $ 18,500 -- 401k Mr
$  8,547 / $   5,122 -- 401k Match Mr
$  4,176 / $   5,230 -- HSA Mrs
$     690 / $   1,670 -- HSA Mr
$81,225 / $ 60,000 -- Taxable Investments
$  6,400 / $   8,000 -- Other Savings
$26,246 / $ 30,900 -- Extra Principal Payments
$160,214 / $154,515 -- TOTAL GOAL FOR 2018 

104% of our annual goal now.
August included three biweekly paychecks for both of us so we were able to save extra into our taxable investments.  I also padded our vacation fund but am not reporting that for this saving goal since it's likely to be used in the next 24 months on planned vacation spending. We are on track to hit $200k which I didn't think would happen before we finished paying off the mortgage so that is simply awesome.
Title: Re: Save 50k single 100k couple in 2018
Post by: AFrugalGuy on September 02, 2018, 08:14:07 PM
Update as of August 31st: $70,359.17 saved toward $100k goal (couple); on track for $102,683.70 by year-end.
Title: Re: Save 50k single 100k couple in 2018
Post by: McStache on September 03, 2018, 05:52:00 PM
August Update:
Bucket         Current / Goal
401k          $ 18,786 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 1,092 / $ 3,000
Roth IRA       $ 3,750 / $ 5,500
HSA            $ 2,633 / $ 3,450
Brokerage     $ 10,188 / $ 13,550
------------------------------------
Total         $ 36,450 / $ 50,000

January        $ 4,765   9.5%
February      $ 13,972   27.9%
March         $ 20,564   41.1%
April         $ 24,276   48.6%
May           $ 26,280   52.6%
June          $ 30,107   60.2%
July          $ 33,143   66.3%
August        $ 36,450   72.9%


I was hoping 401k matching for the new job would kick in this month, but it looks like it will be next month.  That should help get me over the finish line to $50k with a little bit of cushion.
Title: Re: Save 50k single 100k couple in 2018
Post by: Slow&Steady on September 04, 2018, 09:31:57 AM

NameGoalYTDRemaining
401k S&S$5500$2939.47$2560.53
401k Match$3895$2981.47$913.53
IRA DH$8500$3000$5500
HSA$1900$1900$0
529$1200$0$1200
Debt$22600$12767.49$9832.51
Total$43595$23588.43$20006.57=54.11%

The hits keep coming on the rental house.  We will probably not be adding to the 529 accounts this year and might have to wait to make the 2018 IRA contribution until the beginning of 2019.  Tip for any landlords that are not local to your rental property, make your property manager send you pictures of your investment regularly or have a realtor give you an market evaluation regularly (even if you have to pay for it).  Your investment is worth nothing if it is in such bad repair that it cannot be sold, but your property manager will happily continue to take their fee off the top of rent.

It is nice to see that our % of goal went from the 30 to the 50, it sucks to know that it will not hit 100% this year.  Just keep moving and hopefully 2019 can be planned out a little better.
Title: Re: Save 50k single 100k couple in 2018
Post by: ritz on September 05, 2018, 12:42:39 PM
August Totals:
GoalActualRemaining
401(K)18,50011,0957,405
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00034,0009,000
Total64,99248,58716,405
74.76% Complete

The good: I received a small tax refund I'd been waiting for, so I was able to save a little more than usual this month.
The bad: I spent $1,600 on my dog, so I won't be able to save as much as usual in September.
The ugly: Nothing. Life is good, my dog will be fine, and I'm happy that I have enough money that I don't need to worry about expenses like that:-)
Title: Re: Save 50k single 100k couple in 2018
Post by: Fomerly known as something on September 08, 2018, 08:42:10 AM
September:

401k/401k(Roth):  12,593/18500
401k match:  4631.92/6000
IRA:  5,500/5,500
Taxable:  17429.63/TBD  Extra is going to landscaping project I will continue with regularly allocated.
House principle:  4400.23/5000
HSA:  $2,500/2,700
HSA pass through:  $525/$750

Goal now only $50,000 vs 75,000.  Yard work (letting a land scarper do the heavy lifting on it I'll do the finishing) is being moved up to this year.
Title: Re: Save 50k single 100k couple in 2018
Post by: ItsALongStory on September 08, 2018, 09:35:41 AM
Late tot he party but this is what my goals for 2018 look like. I am new to the forum so still tweaking some things.

Goals 2018:
- Max 401k: $18.5k
- 401k match: $9250
- HSA: $2400
- Employer subsidized HSA: $2000
- Roth IRA: $5500
- Taxable savings: $8000
- Equity in primary residence: $4200
- Stock vesting: $4500
Total: $54350

This will act as a baseline year with some tweaks going into 2019. Hoping to save an additional $10k in that year to offset the inevitable market collapse that everyone is predicting ;-)
Title: Re: Save 50k single 100k couple in 2018
Post by: tralfamadorian on September 10, 2018, 03:43:44 PM
Q2+2mo:
                         GOAL     YTD      %
SE401k:                 18.5K     18.5K    100%
401k employer side:     12.5K     12.5K    100%
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     20.05K   199%
total:                    50K     60K      120%

Title: Re: Save 50k single 100k couple in 2018
Post by: ItsALongStory on September 11, 2018, 08:37:59 AM
Q2+2mo:
                         GOAL     YTD      %
SE401k:                 18.5K     18.5K    100%
401k employer side:     12.5K     12.5K    100%
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     20.05K   199%
total:                    50K     60K      120%

[/quote]

that is freaking awesome with another 4 months left.
Title: Re: Save 50k single 100k couple in 2018
Post by: tralfamadorian on September 11, 2018, 03:09:12 PM
that is freaking awesome with another 4 months left.

thank you!
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on September 19, 2018, 08:10:54 AM
Mid-September Update

401k 1: $13,333 / $18,500
Match: $2,120 / $3,000
401k 2: $8,593 / $18,500
HSA: $4,312 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $14,408 / $31,000
============================
Total: $58,766 / $92,900 (63%)
Title: Re: Save 50k single 100k couple in 2018
Post by: Need2Save on September 21, 2018, 06:44:30 AM
SEPTEMBER PROGRESS
$14,137 / $ 18,500 -- 401k Mrs
$  6,669 / $   6,593 -- 401k Match Mrs
$14,907 / $ 18,500 -- 401k Mr
$  8,941 / $   5,122 -- 401k Match Mr
$  4,622 / $   5,230 -- HSA Mrs
$     810 / $   1,670 -- HSA Mr
$84,025 / $ 60,000 -- Taxable Investments
$  6,900 / $   8,000 -- Other Savings
$28,347 / $ 30,900 -- Extra Principal Payments
$169,359 / $154,515 -- TOTAL GOAL FOR 2018 

110% of our annual goal. On track for $200k this year.
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on September 21, 2018, 12:02:30 PM
September's numbers.

Married; single income; 2 kids


HSA                   $3675 / $4900
HSA Match             $1000 / $2000
401K After Tax       $29062 / $29058
401K Employer Match   $5895 / $7442
401K Pre Tax          $8922 / $18500
Roth IRA              $5500 / $5500
Wife Traditional IRA  $5500 / $5500
Mortgage Principal    $6588 / $8834
Taxable Account       $6093 / $7000

Total:               $72235 / $88734 (81.4%)
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on September 29, 2018, 09:19:28 AM
End of September update

401k 1: $14,103 / $18,500
Match: $2,242 / $3,000
401k 2: $11,125 / $18,500
HSA: $4,600 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $19,258 / $31,000
============================
Total: $67,328 / $92,900 (72%)

Made a 9% jump toward getting on track for the goal with this last paycheck. DH got a bonus that we were able to put toward his 401K and the Student Loan which was great.

Unfortunately with how his 401k and HSA accounts are set up, they may not let us increase the contributions as planned throughout the rest of the year since it's over the percentage max they allow. Sucks but he will be getting a significant raise next month so moving forward, we plan to put additional funds toward the student loan. And I may get a small bonus next month as well that will also go toward the student loan so we're still tracking right along toward the goal for the year.
Title: Re: Save 50k single 100k couple in 2018
Post by: tralfamadorian on September 29, 2018, 11:20:43 AM
Q3:
                         GOAL     YTD      %
SE401k:                 18.5K     18.5K    100%
401k employer side:     12.5K     12.5K    100%
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     35.05K   349%
total:                    50K     75K      150%

Title: Re: Save 50k single 100k couple in 2018
Post by: ItsALongStory on September 29, 2018, 01:51:36 PM
Q3:
                         GOAL     YTD      %
SE401k:                 18.5K     18.5K    100%
401k employer side:     12.5K     12.5K    100%
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     35.05K   349%
total:                    50K     75K      150%


Holy crap, nice job! Gonna need to set a goal of 100k for next year :)
Title: Re: Save 50k single 100k couple in 2018
Post by: Arbitrage on September 29, 2018, 06:28:09 PM
Edit: As of 9/29
Goal: $100k

Stash accounts
403b - 13831 / 18500
SIMPLE IRA - 10978 / 12500
401a - 4735 / 6000
SIMPLE match - 2000 / 2500
Backdoor Roth - 5500 / 5500
I bonds - 10000 / 10000
(Other) Taxable - 33078 / 27000

Other savings
529 #1 - 4500 / 6000
529 #2 - 4500 / 6000
Extra principal on mortgage - 4000 / 6000

Total: $93122 / 100000

Should crush the goal!
Title: Re: Save 50k single 100k couple in 2018
Post by: ToughMother on October 02, 2018, 05:29:33 AM
Q3 update:
                GOAL            Q2             %
457:       24,500.00   21,058.69    86.0%
403b:     24,500.00   24,500.00   100.0%
pension:   9,200.00     7,616.89    82.8%
total:     58,200.00   53,175.58    91.4%
Title: Re: Save 50k single 100k couple in 2018
Post by: NinetyFour on October 02, 2018, 05:32:09 AM
You're doing great, @ToughMother !!  :)
Title: Re: Save 50k single 100k couple in 2018
Post by: jlcnuke on October 02, 2018, 12:12:04 PM
End of August update:

401K:                $14,087 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year, I really wish we had a true-up matching plan :(
401k matching:  $4,018/ $5,000 - may be a bit more or less depending on hours, but this is typical - if short here I'll try and make up elsewhere
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $2,116 / $3,450 - On track
Taxable:             $11,227 / $17,550 - Starting to make this up now.

Total:                 $40,283 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 76% completed

Still on track to make this goal. 76% completed with only 67% of the year over. Stretch goal of $60 may in fact be doable.

1 October Update:
401K:                $15,131 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year, I really wish we had a true-up matching plan :(
401k matching:  $4,487.89/ $5,000 - On track to exceed this goal
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $2,451 / $3,450 - On track
Taxable:             $12,827 / $17,550 - Catching up now.

Total:                 $43,732 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 72% completed

Still on track to make this goal. 82% completed with only 77% of the year over. Pretty sure I'll exceed the initial goal, $60k stretch goal may be a bit of a stretch. I've been spending extra on hobbies that I could have put towards it, but I'm okay with that (and I've already paid for most of my first vacation for next year).
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on October 02, 2018, 01:40:42 PM
Goals (single):

$39,415 TFSA [Full]
$34,532 RRSP [17,887.70 Done]


Date To Date   /  Goal %
Jan 2018 $4,035.22   /  $64,539 6.3%
Feb 2018 $8,027.74   /  $64,539 12.4%
Mar 2018 $12,975.69   /  $73,947 17.5%
Apr 2018 $16,968.21   /  $73,947 22.9%
May 2018 $31,461.39   /  $73,947 42.5%
June 2018 $39,302.70   /  $73,947 53.1%
July 2018 $47,302.70   /  $73,947 64%
Aug 2018 $57,302.70   /  $73,947 77.5%
Sep 2018 $65,302.70   /  $73,947 88.3% (+8,000)

I should be able to fill my pre-tax bucket sometime here in October so it'll slow down a bit after the next huge bump. Blew past my target but my project is on skeleton hours for a bit here so we'll see how far over I can go.

The wife's tax-advantaged accounts will get filled next year and then I'll have to figure out the last bit of tax math I've been slowly researching / putting off (save in my corporation vs taxable).
Title: Re: Save 50k single 100k couple in 2018
Post by: McStache on October 02, 2018, 06:47:09 PM
September Update:
Bucket         Current / Goal
401k          $ 20,221 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 1,639 / $ 3,000
Roth IRA       $ 4,150 / $ 5,500
HSA            $ 2,838 / $ 3,450
Brokerage     $ 11,578 / $ 13,550
------------------------------------
Total         $ 40,426 / $ 50,000

January        $ 4,765   9.5%
February      $ 13,972   27.9%
March         $ 20,564   41.1%
April         $ 24,276   48.6%
May           $ 26,280   52.6%
June          $ 30,107   60.2%
July          $ 33,143   66.3%
August        $ 36,450   72.9%
September     $ 40,426   80.9%
Title: Re: Save 50k single 100k couple in 2018
Post by: ToughMother on October 03, 2018, 08:16:35 PM
You're doing great, @ToughMother !!  :)

Thanks @NinetyFour . Gotta admit it is SUCH a different experience with a much lower income.  I've had some house projects I'm dragging my heels on and there is simply less breathing room.  Toying with applying for a gig at my new university that would nearly double my salary, but right now I'm scheduled to be on the search committee for the position.  Ugh - such dilemmas. 

Your hikes and the landscape are truly inspiring.  While you seem busy, you seem happy and that is everything.  Congrats on your leap and for sharing the path with us all! 
Title: Re: Save 50k single 100k couple in 2018
Post by: Slow&Steady on October 08, 2018, 12:46:21 PM

NameGoalYTDRemaining
401k S&S$5500$3524.08$1975.92
401k Match$3895$3566.09$328.91
IRA DH$8500$3000$5500
HSA$1900$1900$0
529$1200$0$1200
Debt$22600$15,285.51$7314.49
Total$43,595$27,275.68$16,319.32=62.57%

Probably will not hit 100% this year, must plan better for next year.
Title: Re: Save 50k single 100k couple in 2018
Post by: ritz on October 09, 2018, 10:52:31 AM
September Totals:
GoalActualRemaining
401(K)18,50013,4285,072
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00036,0007,000
Total64,99252,92012,072
81.43% Complete

As expected, I didn't save as much last month since I had high vet bills in August that were paid off in September. September was another high spending month, between car expenses (all expected, but I still spent about $800 that I don't normally spend) and another $700 in dog expenses that I don't think will be ending any time soon. I just spend another $130 in meds and she has a vet appointment this weekend that might result in surgery and another appointment coming up at the dermatologist. Good thing she's cute! Still on track to complete my savings goal in December though.
Title: Re: Save 50k single 100k couple in 2018
Post by: HaltWorkCatchFIRE on October 11, 2018, 10:24:25 AM
So I'm new here, but figured I'd post my progress since this seemed like the right place.  I think I'm on track to reach 100% for this year, but I'm not sure I will actually end up moving the cash into investments.  I have set aside a large chunk of cash which would normally go towards taxable but I haven't invested it yet, so I'm not counting it yet (Holding cash for potential land purchase/seed capital for a commune).  I think if that goes through, I'll need to revisit a lot of my prior assumptions about my savings. 

NameGoalYTD% Reached
My 401k Contribution$18,500$18,500100%
Employer 401k Contribution$9,250$9,250100%
My Roth IRA (Backdoor + Mega BD)$32,750$32,750100%
My Taxable$60,000$24,00040%
Spouse 401k$18,500$16,20087.57%
Spouse Roth IRA$5,500$5,500100%
Total$144,500$106,20073.49%
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on October 15, 2018, 08:17:55 AM
Mid-October Update

401k 1: $14,873 / $18,500
Match: $2,364 / $3,000
401k 2: $12,281 / $18,500
HSA: $4,887 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $23,505 / $31,000
============================
Total: $73,910 / $92,900 (80%)

Made an 8% jump toward our goal the last two weeks due to a raise that took effect and a small bonus we were able to allocate toward the student loan. Now tracking to complete the goal which is great - for several months, we were tracking behind.
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on October 19, 2018, 08:33:12 AM
October's numbers.

Married; dual income (but wife just started her new part time job yesterday); 2 kids


HSA                   $4083 / $4900
HSA Match             $1500 / $2000
401K After Tax       $29062 / $29058
401K Employer Match   $6408 / $7442
401K Pre Tax         $12128 / $18500
Roth IRA              $5500 / $5500
Wife Traditional IRA  $5500 / $5500
Mortgage Principal    $7334 / $8834
Taxable Account       $6561 / $7000

Total:               $78076 / $88734 (88%)
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on October 31, 2018, 08:00:00 AM
End of October Update:

401k 1: $15,643 / $18,500
Match: $2,601 / $3,000
401k 2: $13,437 / $18,500
HSA: $5,175 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $25,711 / $31,000
============================
Total: $78,567 / $92,900 (85%)
Title: Re: Save 50k single 100k couple in 2018
Post by: Arbitrage on October 31, 2018, 01:04:51 PM
Edit: As of 10/31
Goal: $100k

Stash accounts
403b - 15611 / 18500
SIMPLE IRA - 11500 / 12500
401a - 5806 / 6000
SIMPLE match - 2250 / 2500
Backdoor Roth - 5500 / 5500
I bonds - 10000 / 10000
(Other) Taxable - 36278 / 27000

Other savings
529 #1 - 5000 / 6000
529 #2 - 5000 / 6000
Extra principal on mortgage - 4500 / 6000

Total: $101445 / 100000

Savings goal crushed with two months to go!  New stretch goal of $120k will depend upon potential kitchen remodel scope and timeline.
Let us not speak of my investment returns.  All will work out there eventually.
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on October 31, 2018, 04:14:35 PM
Goals (single):

$39,415 TFSA [Full]
$34,532 RRSP [Full]
$31,053 Taxable / Spouse [11,797 Done]


Date To Date   /  Goal %
Jan 2018 $4,035.22   /  $64,539 6.3%
Feb 2018 $8,027.74   /  $64,539 12.4%
Mar 2018 $12,975.69   /  $73,947 17.5%
Apr 2018 $16,968.21   /  $73,947 22.9%
May 2018 $31,461.39   /  $73,947 42.5%
June 2018 $39,302.70   /  $73,947 53.1%
July 2018 $47,302.70   /  $73,947 64%
Aug 2018 $57,302.70   /  $73,947 77.5%
Sep 2018 $65,302.70   /  $73,947 88.3%
Oct 2018 $85,744.72   /  $73,947 115.9% (+20,442.02)

Well the overtime sure paid off with this enormous month (all overtime from the start of the year, though the summer had none). I kept my money in the company until my vacation / severance amount is covered once I filled my RRSP's. Now it's time to start charging the wife attribution to fill her accounts, that should be another fun spreadsheet..

I will revise my tracked goal starting next month to $105,000 so I still have to stretch a bit to get there (that's accounting for a bit of overtime worked).

The wife's tax-advantaged accounts will get filled next year and then I'll have to figure out the last bit of tax math I've been slowly researching / putting off (save in my corporation vs taxable).
Title: Re: Save 50k single 100k couple in 2018
Post by: jlcnuke on November 01, 2018, 03:41:01 PM
1 October Update:
401K:                $15,131 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year, I really wish we had a true-up matching plan :(
401k matching:  $4,487.89/ $5,000 - On track to exceed this goal
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $2,451 / $3,450 - On track
Taxable:             $12,827 / $17,550 - Catching up now.

Total:                 $43,732 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 72% completed

Still on track to make this goal. 82% completed with only 77% of the year over. Pretty sure I'll exceed the initial goal, $60k stretch goal may be a bit of a stretch. I've been spending extra on hobbies that I could have put towards it, but I'm okay with that (and I've already paid for most of my first vacation for next year).

1 November Update:
401K:                $16,550 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year, I really wish we had a true-up matching plan :(
401k matching:  $5,127/ $5,000 - This goal is met and will continue to be exceeded for the rest of the year
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $3,086 / $3,450 - On track
Taxable:             $12,175 / $17,550 - Had some family medical issues come up, so pulled some out. Still plan to reach this goal by the end of the year though.

Total:                 $45,773 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 86% completed
Title: Re: Save 50k single 100k couple in 2018
Post by: McStache on November 04, 2018, 05:28:32 PM
October Update:
Bucket         Current / Goal
401k          $ 21,657 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 2,186 / $ 3,000
Roth IRA       $ 4,150 / $ 5,500
HSA            $ 3,042 / $ 3,450
Brokerage     $ 13,204 / $ 13,550
------------------------------------
Total         $ 44,239 / $ 50,000

January        $ 4,765   9.5%
February      $ 13,972   27.9%
March         $ 20,564   41.1%
April         $ 24,276   48.6%
May           $ 26,280   52.6%
June          $ 30,107   60.2%
July          $ 33,143   66.3%
August        $ 36,450   72.9%
September     $ 40,426   80.9%
October       $ 44,239   88.5%
Title: Re: Save 50k single 100k couple in 2018
Post by: ritz on November 07, 2018, 03:50:21 PM
October Totals:
GoalActualRemaining
401(K)18,50015,7622,738
401(K) Match7057050
Roth IRA2,5002,5000
HSA2882880
Taxable43,00039,0004,000
Total64,99258,2546,738
89.63% Complete

October Notes:
Title: Re: Save 50k single 100k couple in 2018
Post by: peeps_be_peeping on November 08, 2018, 07:11:05 PM
                         Goal           YTD       Remaining
401(k)               18,500       0           18,500
401(k) match      3,240         0           3,240
Taxable               33,260       4,675    28,585
Total                    55,000      4,675    50,325   9.3% to total

Single and aiming to save $55,000 in 2018, for about a 50% savings rate. I started a new job 3 months ago and I won't be able to join the 401(k) until July 1. So I am hoping to max out my 401(k) in the last six months of the year.

Update:

Turns out I'm eligible to join the 401(k) with my May paycheck (we are paid once per month). Also I decided to fund my Roth IRA.

                        Goal           YTD       Remaining
401(k)               18,496       0           18,496
401(k) match      3,240         0           3,240
Roth IRA             5,500        3,000      2,500
Taxable               27,764      15,025    12,739
Total                    55,000     18,025    36,975        32.7% to goal

                        Goal           YTD       Remaining
401(k)               18,496       9,248           9,248
401(k) match      3,240         1,080          1,080
Roth IRA             5,500        5,500              0
Taxable              27,764       18,671       10,173
Total                  55,000      34,499        20,501        62.7% to goal

                         Goal           YTD           Remaining
401(k)               18,496       13,872         4,624
401(k) match      2,160        1,620           540
Roth IRA             5,500        5,500           0
Taxable              28,844       27,027         1,817
Total                  55,000      48,019        6,981        87.3% to goal
Title: Re: Save 50k single 100k couple in 2018
Post by: Need2Save on November 10, 2018, 09:16:41 AM
OCTOBER PROGRESS
$15,566 / $ 18,500 -- 401k Mrs
$  6,669 / $   6,593 -- 401k Match Mrs
$16,261 / $ 18,500 -- 401k Mr
$  9,335 / $   5,122 -- 401k Match Mr
$  4,920 / $   5,230 -- HSA Mrs
$     930 / $   1,670 -- HSA Mr
$93,025 / $ 60,000 -- Taxable Investments
$  7,400 / $   8,000 -- Other Savings
$30,448 / $ 30,900 -- Extra Principal Payments
$184,554 / $154,515 -- TOTAL GOAL FOR 2018

119% of our target for the year
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on November 17, 2018, 09:13:14 AM
Mid-November Update

401k 1: $16,413 / $18,500
Match: $2,723 / $3,000
401k 2: $14,593 / $18,500
HSA: $5,462 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $26,351 / $31,000
============================
Total: $71,542 / $92,900 (88%)

November is a spendy pants month for us - slowed us down just a bit but hoping to close the gap in December with little-to-no additional holiday spending.
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on November 27, 2018, 01:43:02 PM
November's numbers.

Married; dual income (wife is part time); 2 kids


HSA                   $4492 / $4900
HSA Match             $1500 / $2000
401K After Tax       $29062 / $29058
401K Employer Match   $6921 / $7442
401K Pre Tax         $15333 / $18500
Roth IRA              $5500 / $5500
Wife Traditional IRA  $5500 / $5500
Mortgage Principal    $8083 / $8834
Taxable Account       $6561 / $7000

Total:               $82951 / $88734 (88%)
Title: Re: Save 50k single 100k couple in 2018
Post by: Need2Save on November 29, 2018, 03:32:39 AM
NOVEMBER PROGRESS
$16,995 / $ 18,500 -- 401k Mrs
$  6,669 / $   6,593 -- 401k Match Mrs
$17,614 / $ 18,500 -- 401k Mr
$  9,729 / $   5,122 -- 401k Match Mr
$  5,218 / $   5,230 -- HSA Mrs
$  1,050 / $   1,670 -- HSA Mr
$95,825 / $ 60,000 -- Taxable Investments
$  7,900 / $   8,000 -- Other Savings
$32,549 / $ 30,900 -- Extra Principal Payments
$193,550 / $154,515 -- TOTAL GOAL FOR 2018

125% of our target for the year
When the market is on a wild ride, it's nice to focus on what you can control (new money being saved/invested).
Title: Re: Save 50k single 100k couple in 2018
Post by: Arbitrage on November 29, 2018, 08:49:14 AM
Edit: As of 11/29
Goal: $100k (Stretch $120k)

Stash accounts
403b - 17035 / 18500
SIMPLE IRA - 12000 / 12500
401a - 7203 / 6000
SIMPLE match - 2400 / 2500
Backdoor Roth - 5500 / 5500
I bonds - 10000 / 10000
(Other) Taxable - 40878 / 27000

Other savings
529 #1 - 5550 / 6000
529 #2 - 5550 / 6000
Extra principal on mortgage - 5000 / 6000

Total: $111116 / 100000

Savings goal crushed with two months to go!  New stretch goal of $120k will depend upon potential kitchen remodel scope and timeline.  Kitchen remodel costs so far: $2400.  Looks like the bulk of the costs there will be pushed into next year, so it's going to be close on the stretch goal.  Christmas costs and an upcoming $800 vacation cost I pulled into this year are making it challenging.
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on November 30, 2018, 11:53:41 AM
Goals (single):

$39,415 TFSA [Full]
$34,532 RRSP [Full]
$31,053 Taxable / Spouse [15,544 Done]


Date To Date   /  Goal %
Jan 2018 $4,035.22   /  $64,539 6.3%
Feb 2018 $8,027.74   /  $64,539 12.4%
Mar 2018 $12,975.69   /  $73,947 17.5%
Apr 2018 $16,968.21   /  $73,947 22.9%
May 2018 $31,461.39   /  $73,947 42.5%
June 2018 $39,302.70   /  $73,947 53.1%
July 2018 $47,302.70   /  $73,947 64%
Aug 2018 $57,302.70   /  $73,947 77.5%
Sep 2018 $65,302.70   /  $73,947 88.3%
Oct 2018 $85,744.72   /  $73,947 115.9%
Nov 2018 $91,492.17   /  $105,000 (Revised) 87.1% (+5747.45)

Revised my year end goals to match all the overtime money I sunk in last month. It will be close but I think I can make it.

Though we split the savings between our accounts to maximize tax advantages my wife wants to track separately so she doesn't feel like she's getting a handout in the long term.
Title: Re: Save 50k single 100k couple in 2018
Post by: McStache on November 30, 2018, 03:26:42 PM
November Update:
Bucket         Current / Goal
401k          $ 23,092 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 2,733 / $ 3,000
Roth IRA       $ 4,950 / $ 5,500
HSA            $ 3,246 / $ 3,450
Brokerage     $ 14,549 / $ 13,550  <-- Done.
------------------------------------
Total         $ 48,570 / $ 50,000

January        $ 4,765   9.5%
February      $ 13,972   27.9%
March         $ 20,564   41.1%
April         $ 24,276   48.6%
May           $ 26,280   52.6%
June          $ 30,107   60.2%
July          $ 33,143   66.3%
August        $ 36,450   72.9%
September     $ 40,426   80.9%
October       $ 44,239   88.5%
November      $ 48,570   97.1%


First sub goal complete, and I don't foresee any issues finishing off all the others next month!
Title: Re: Save 50k single 100k couple in 2018
Post by: Mustachio Bashio on December 01, 2018, 11:39:59 AM
Haven't been on here in a couple months as the market has been doing its thing and I've been a bit more spendy with life upgrades I'd been putting off.

Bucket           Current                Goal
401k              $14,771               $18,500
Match             $666                   $1,332
Roth IRA         $5,500                $5,500
HSA                $3,262                $3,262
Brokerage       $34,503               $22,738
Total               $58,702              $51,332

I'm not entirely sure how I got to my brokerage number a couple months ago, but adding up all my buys from Vanguard definitely brought me to a higher total than I had originally counted...by about 7k.  So in the last couple months, I've added $9,300, plus adding in the amount I'd somehow miscalculated before.  Over the 50k line, so :)
Title: Re: Save 50k single 100k couple in 2018
Post by: Fomerly known as something on December 02, 2018, 03:16:52 PM
Going to be a lazy person but, Taxable, retirement, matching, HSA and house principal.  I'm not going to make my goal because I decided to move up a major landscaping project to FY 2018.  I'm incredibly please with the results and honestly while I could have done some of the project DYI, I would never have done other parts because frankly I don't have the mechanical toys nor the skills to work with those toys.  (Terra-forming a hill in the back yard and placing huge rock steps in it.)


$63,239.89/$75,000

I'll add another $2-3000 in December with my 401k and match but not more than that.
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on December 03, 2018, 08:41:41 AM
End of November Update

401k 1: $17,183 / $18,500
Match: $2,845 / $3,000
401k 2: $15,749 / $18,500
HSA: $5,749 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $27,955 / $31,000
============================
Total: $85,481 / $92,900 (92%)

One last month to hit our goal. Unfortunately we won't be able to max the HSA or DH's 401k, but hoping to make up the difference by putting more toward the student loan. And there's the potential for an end of year bonus but we're not counting on it.
Title: Re: Save 50k single 100k couple in 2018
Post by: ItsALongStory on December 04, 2018, 07:31:03 AM
Going to be a lazy person but, Taxable, retirement, matching, HSA and house principal.  I'm not going to make my goal because I decided to move up a major landscaping project to FY 2018.  I'm incredibly please with the results and honestly while I could have done some of the project DYI, I would never have done other parts because frankly I don't have the mechanical toys nor the skills to work with those toys.  (Terra-forming a hill in the back yard and placing huge rock steps in it.)


$63,239.89/$75,000

I'll add another $2-3000 in December with my 401k and match but not more than that.

I'm in a similar situation with a backyard project throwing off any acceleration of savings but the joy a finished yard will bring outweighs the downside from having to work omy.
Title: Re: Save 50k single 100k couple in 2018
Post by: jlcnuke on December 08, 2018, 03:36:40 PM

1 November Update:
401K:                $16,550 / $18,500 - Still having to adjust contributions to ensure I get the full matching throughout the year, I really wish we had a true-up matching plan :(
401k matching:  $5,127/ $5,000 - This goal is met and will continue to be exceeded for the rest of the year
IRA:                  $8,835 / $8,835  - Goal Achieved
HSA:                  $3,086 / $3,450 - On track
Taxable:             $12,175 / $17,550 - Had some family medical issues come up, so pulled some out. Still plan to reach this goal by the end of the year though.

Total:                 $45,773 / $53,335 (adjusted up $3,335 for 2017 IRA contribution) - 86% completed

December update - due to family medical problems involving lots of hospital time and new costs to support, I'm spending around $11k on various things to support that. I'll hit my goal on the 401k, exceed the 401k matching amount, and make my IRA/HSA goals. The taxable account isn't going to meet goals though. That's life however, and having the money there to support family emergencies like this is one of the reasons I strive to have a good financial picture.
Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on December 19, 2018, 08:27:37 AM
Mid-December Update


401k 1: $17,953 / $18,500
Match: $2,967 / $3,000
401k 2: $16,906 / $18,500
HSA: $6,037 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $28,598 / $31,000
============================
Total: $88,461 / $92,900 (95%)
Title: Re: Save 50k single 100k couple in 2018
Post by: BlueHouse on December 19, 2018, 10:05:23 AM
I met my goal!    my savings rate for the year is 47%.   Not impressive given the income, but I also paid cash for a car, had some repairs done on the house, and had solar panels installed.  Hoping that I'm setting myself up for a massive SR next year.   A few years ago I was up in the 70% savings rate range and I think next year could look like that again.  :)  Would be great to save that much in a year when the stock market is on sale!


      Last update   12/19/2018   
            
 2017 YTD        progress thru Dec-18     Goal    
 401k                             24,000     24,000    
 401k match                    35,995     36,000    
 ira to roth                      6,500     6,500    
 taxable savings              80,000     40,000    
 sinking fund for car                         -       20,000    
                                 146,495     126,500    
            
 xtra mort principal                  23,340     23,340    
                                  169,835     149,840    
Title: Re: Save 50k single 100k couple in 2018
Post by: Need2Save on December 21, 2018, 07:11:36 AM
2018 YEAR END PROGRESS
$18,500 / $ 18,500 -- 401k Mrs
$  6,669 / $   6,593 -- 401k Match Mrs
$18,500 / $ 18,500 -- 401k Mr
$10,123 / $   5,122 -- 401k Match Mr
$  5,516 / $   5,230 -- HSA Mrs
$  1,170 / $   1,670 -- HSA Mr
$98,625 / $ 60,000 -- Taxable Investments
$  8,400 / $   8,000 -- Other Savings
$34,649 / $ 30,900 -- Extra Principal Payments
$202,153 / $154,515 -- TOTAL GOAL FOR 2018

131% of our target for the year.  We only fell short on one goal (HSA) on DH's side because he didn't get the full employer contribution for not doing an activity based credit.  He's set up to get all the employer credits for 2019 now so he won't miss out on anything, even though it was small amount of money. Looking ahead to 2019, we should be able to set a goal around $172k but bonuses are always a wild card. Could be great, could be weak. I hope everyone was able to meet their goals in 2018 and if not, they can find ways to do so in 2019!

Who wants to start up the 2019 thread?
Title: Re: Save 50k single 100k couple in 2018
Post by: ToughMother on December 26, 2018, 08:29:26 PM
Q4 update:

                GOAL            Q4             %
     457:  24,500.00   24,499.89    100.0% *know it makes me nuts that I couldn't hit this perfectly
    403b: 24,500.00   24,500.00    100.0%
pension:   9,200.00     9,735.72    105.8% *I think this is 100% plus bc my goal/estimate was off
   total:  58,200.00   58,735.61    100.9%

And that ends my run of $50K+/year savings.  I took a big salary reduction this year, so for 2019, I'll only be saving in my 457 (and pension).  Can't swing a 403b with the $ hit. 

Rock on big savers!
Title: Re: Save 50k single 100k couple in 2018
Post by: linuxhero on December 27, 2018, 02:11:01 PM
End of year summary.

Married; dual income (wife is part time); 2 kids


HSA                   $4900 / $4900
HSA Match             $2000 / $2000
401K After Tax       $29062 / $29058
401K Employer Match   $7434 / $7442
401K Pre Tax         $18500 / $18500
Roth IRA              $5500 / $5500
Wife Traditional IRA  $5500 / $5500
Mortgage Principal    $8834 / $8834
Taxable Account       $7000 / $7000
Wife 401K              $500 / $0
Wife 401K Match        $143 / $0

Total:               $89373 / $88734 (100.7%)


We made it to our goal.  Had no problems with being able to meet our normal needs and quite a few wants.  Wife got a new job and is now able to contribute to her 401K.  So, we got some extra savings there.

I'm thinking we'll be able to change her 401K to save 80% of her salary next year.  Then we'd be able to easily get to $100k savings next year, as well as save a bunch on taxes.

Congratulations to everyone on this challenge!
Title: Re: Save 50k single 100k couple in 2018
Post by: dreadmoose on December 28, 2018, 03:06:11 PM
Goals (single):

$39,415 TFSA [Full]
$34,532 RRSP [Full]
$31,053 Taxable / Spouse Accounts [39,382 Done]


Date To Date   /  Goal %
Jan 2018 $4,035.22   /  $64,539 6.3%
Feb 2018 $8,027.74   /  $64,539 12.4%
Mar 2018 $12,975.69   /  $73,947 17.5%
Apr 2018 $16,968.21   /  $73,947 22.9%
May 2018 $31,461.39   /  $73,947 42.5%
June 2018 $39,302.70   /  $73,947 53.1%
July 2018 $47,302.70   /  $73,947 64%
Aug 2018 $57,302.70   /  $73,947 77.5%
Sep 2018 $65,302.70   /  $73,947 88.3%
Oct 2018 $85,744.72   /  $73,947 115.9%
Nov 2018 $91,492.17   /  $105,000 (Revised) 87.1%
Nov 2018 $113,328.69   /  $105,000 (Revised) 107.9% (+21,836.52)

Cashed out a bunch of overtime in my company to keep corporate taxation down and received a completely surprise gift from my father (I did not think my parent's were in the position to ever gift me money so this is new). Plugged in a ton of money ($21,836) but only saw my net worth go up ~$7087 which is insane. Cheap stocks FTW.

Though we split the savings between our accounts to maximize tax advantages my wife wants to track separately so she doesn't feel like she's getting a handout in the long term.
Title: Re: Save 50k single 100k couple in 2018
Post by: tralfamadorian on December 28, 2018, 04:10:08 PM
Q4:
                         GOAL     YTD      %
SE401k:                 18.5K     18.5K    100%
401k employer side:     12.5K     12.5K    100%
IRA:                     5.5K     5.5K     100%
HSA:                    3.45K     3.45K    100%
taxable:               10.05K     41.05K   408%
total:                    50K     81K      162%


Not a big change from Q3 to Q4. In my business I buy a lot of supplies in Q4 for which the sales don't really flow back in my bonuses until Q1. C'est la vie.


2019 Goals:
                         GOAL     YTD      %
SE401k:                  19K     
401k employer side:    12.5K     
IRA:                      6K     
HSA:                    3.5K       
taxable:                 14K       
total:                   55K     
Title: Re: Save 50k single 100k couple in 2018
Post by: McStache on December 28, 2018, 06:15:15 PM
December Update:
Bucket         Current / Goal
401k          $ 24,732 / $ 24,500 (lumping pre-tax and after-tax contributions)
401k Match     $ 3,280 / $ 3,000
Roth IRA       $ 5,500 / $ 5,500
HSA            $ 3,450 / $ 3,450
Brokerage     $ 16,125 / $ 13,550
------------------------------------
Total         $ 53,088 / $ 50,000

January        $ 4,765   9.5%
February      $ 13,972   27.9%
March         $ 20,564   41.1%
April         $ 24,276   48.6%
May           $ 26,280   52.6%
June          $ 30,107   60.2%
July          $ 33,143   66.3%
August        $ 36,450   72.9%
September     $ 40,426   80.9%
October       $ 44,239   88.5%
November      $ 48,570   97.1%
December      $ 53,088   106.2%


Made it!  Next year will definitely be tougher as I took a pay cut this year, but I think I should still be able to get juuuust to 50k.
Title: Re: Save 50k single 100k couple in 2018
Post by: use2betrix on December 28, 2018, 07:41:26 PM
Will we be having a new thread for 2019?
Title: Re: Save 50k single 100k couple in 2018
Post by: tralfamadorian on December 28, 2018, 08:05:57 PM
Will we be having a new thread for 2019?

Good idea. Since B42 is in a better place, I'll throw the new one out there-

https://forum.mrmoneymustache.com/throw-down-the-gauntlet/save-50k-single-100k-couple-in-2019/
Title: Re: Save 50k single 100k couple in 2018
Post by: MM_MG on December 28, 2018, 10:18:54 PM
Going to make it this year without counting bonus or taxable contributions...

$18,500  His 401K
$13,500  His Match
$18,500  Her 401K
$1,500    Her Match
$11,000  His/Her backdoor roths
$23,000  Mega backdoor roth
$8,000    Pension
$6,750    HSA with employer contribution
$X.XX     Taxable
$X.XX     Bonus

Done.  Not sure of the total, but for sure over $120K.  And I think my math was wrong.  Definitely need to count my bonus and/or contributions to taxable.   
Title: Re: Save 50k single 100k couple in 2018
Post by: salt cured on December 29, 2018, 09:19:30 AM
Goal was $130k; saved $124k. Close!

Tax Deferred:$96k
Taxable:$8k
Cash:$15k
Debt:$5k
Total:$124k
[/quote]
Title: Re: Save 50k single 100k couple in 2018
Post by: Arbitrage on December 29, 2018, 08:59:19 PM
End of year summary: success!
Goal: $100k (Stretch $120k)

Stash accounts
403b - 18500 / 18500
SIMPLE IRA - 12500 / 12500
401a - 8700 / 6000
SIMPLE match - 2600 / 2500
Backdoor Roth - 5500 / 5500
I bonds - 10000 / 10000
(Other) Taxable - 45778 / 27000

Other savings
529 #1 - 6100 / 6000
529 #2 - 6100 / 6000
Extra principal on mortgage - 5500 / 6000

Total: $121278 / 100000

Title: Re: Save 50k single 100k couple in 2018
Post by: Unique User on December 30, 2018, 07:11:56 AM
Just transferred $800 to make it, 65% after tax savings rate, our personal best!  I won't make it next year as DD starts college and we'll switch to very part time the following year. 

DH 401k $24,500
DH Match $5,563
DH Backdoor Roth $7,565
My 401k $18,500
My match $3,309
DH ESPP $3,931
Both Roth IRA $12,000
DD Roth $5,500
Taxable $13,800
Mortgage Principal (2 properties) $10,920

Title: Re: Save 50k single 100k couple in 2018
Post by: rebel_quietude on December 30, 2018, 01:58:41 PM

Feb 18 / 2018 Goal:

$2,234 / $18,500 401k
$916 / $5,500 Roth
$3,200 / $21,600 Taxable Brokerage
$0 / $4,500 Cash (re-building E-Fund after some house expenses)

$6,350 / $50,100 (12.6%)


It's been a good year for saving.

401k Contributions   (Maxed) $20,868.33 (Got a match this year!)
Roth Contributions   (Maxed) $5,499.84
Brokerage Contributions   $36,461.00

Total Savings: $62,829.17. Made it!

Of course, with the market drop I'm only up 25k over last year... *sigh* What goes down must go up!


Title: Re: Save 50k single 100k couple in 2018
Post by: zeli2033 on December 31, 2018, 01:51:36 PM
End of December Wrap up

401k 1: $18,500 / $18,500
Match: $3,089 / $3,000
401k 2: $18,031 / $18,500
HSA: $6,325 / $6,900
2017 Roths: $5,000 / $5,000
2018 Roths: $11,000 / $11,000
Student Loan Debt Paid: $30,398 / $31,000
============================
Total: $92,343 / $92,900 (99%)

So painful to see how close we got yet still missed it by a hair. And we depleted are tiny cash buffer we usually keep on hand to get this far so it really is the best we could do for 2019. But on the bright side, we've never saved anywhere remotely close to this amount before so still worth celebrating.
Title: Re: Save 50k single 100k couple in 2018
Post by: sisto on January 02, 2019, 11:48:48 AM
Still crunching the numbers, but I know I fell short of this goal. Considering the crappy circumstances I think I did pretty well. I was involved in a car accident February 12, 2018 and still have what is now called post concussive syndrome. So considering that I only worked half time, which is still the case today, I did pretty well. We're also a single income family so never intended to hit the $100K since that would be impossible. EDITED as I just realized my work broke down regular pay 401K deductions and Bonus deductions separately.

401K          $16200
Emp match $6900
ESPP          $4500
IRA            $5500
Spouse IRA $6500
HSA            $6900

Total           $46500

I believe I have some personal investments that haven't been counted yet, but I still need to sort it out. At least I'm putting it down on paper to hold myself accountable to date.
Also edited to include we bought a new vehicle. Yes, I realize this is face punch worthy. We did get 0% interest and my promotion covered the payments. The justification is that I plan to retire in 2.5 years so we will have a vehicle that will last.
Title: Re: Save 50k single 100k couple in 2018
Post by: Dicey on January 02, 2019, 11:52:48 AM
Will we be having a new thread for 2019?

Good idea. Since B42 is in a better place, I'll throw the new one out there-

https://forum.mrmoneymustache.com/throw-down-the-gauntlet/save-50k-single-100k-couple-in-2019/
Thank you, sniff, sniff. I hope your kind words are true.
Title: Re: Save 50k single 100k couple in 2018
Post by: neophyte on January 04, 2019, 11:02:45 AM
How did I do?  I didn't meet the goal, but I think I did ok considering I made $62k after taxes last year.

403(b):  18500
match:  4538.46
HSA:  3376.90  (grumble, grumble, messed up withholding, grumble. I'll probably go ahead and throw in the rest myself)
IRA: 5500
mortgage principal:  4856.67

total:  36,771.59   (73.5% of goal)  (58.7% savings rate)

hmm, what if we get creative?

reinvested dividends: 1197.85 
total = 37969.44 (75.6%)  slightly better

if I get really creative and look at the increased equity in my house based on the optimistic-but-not-absolutely-entirely-unreasonable-Zestimate compared to the purchase price in 2017:

additional equity gained: $59,596

total: 97,565.44 (195%) Now I'm killing it with a 150% savings rate! All it took was some creative accounting!