Yes! Another negative month. On my birthday I wished that we would lose more money when I blew out the candles and my wish came true!
Now the moment I’ve been waiting for – to use my current age to see what our retirement projection is going to be now that my birthday has past.
Using our balance before the market started falling, at a 10% average rate of return from 47 to 62, our balance would be approximately $1,624,723 at retirement. Using today’s balance, we would end up at $1,564,929. That is a difference of $59,794
Using a 12% rate of return that I have been using for my target of 2 million, with our previous balance we would end up at $2,054,846. Today’s balance would be $1,974,353, with a difference of $80,493.
Of course, once we get to that point a swing in the market like we are having now will be more drastic because there is more money at play, but I think we’ll be fine and I’m not really worried about it.
| Investment | Deposit | Balance | Growth |
| Work 401k | $1,268 | $110,296 | -$3,582 |
| Roth IRAs | $1,250 | $30,103 | -$695 |