Married couple (both 33 yrs old) with 1 yr old in Texas.
Income: ~180K annually
Amount invested: $504K
- 312K - Work 401K
- 90K - Brokerage
- 52K - Roth IRA
- 50K - Wife’s fidelity account
Savings: ~54K
Child’s 529/Brokerage: $2000 a year - should be $64K at age 18 (8% growth)
Monthly Investing: $3288
- $2000: Work 401k plus employer contribution
- $1288: Outside Brokerage & Roth IRA
Mortgage Left: $281K
- May purchase again in the future (8-10 yrs from now) - would sell current home and use for new purchase
Retirement Age Range: 49-52 (15-19 yrs from now)
Retirement Spending: $100K annual pre tax in 2025 dollars
Retirement Location: Texas - plus slow travel in Mexico (one of us is a Mexican citizen) & Europe (Greece, Portugal, Malta, etc) for 6-8 months a year
- Would keep Texas home for logistical purposes and would rent while traveling
Goal Number: ~$2.5 million in 2025 dollars