I just ran my numbers for the year and realized that I crossed the $1M threshold on my own (not counting my husband’s smaller nest egg) and I feel like I should celebrate somehow. (Blows a party horn alone.)
I have a fairly unique way of calculating networth so I consider this a false victory… my before tax total account value is $1,127,789 BUT after I factor in probable taxes (conservatively) my total networth is $845,052. Wah, wah.
Still, $845,052 AFTER TAX in networth isn’t so bad at 36. With my husband’s savings, we’re close to $1M total.
I’ll feel much better when I get to $2M after tax networth, but that will take a while. However, right now I’m on track to hit $1,869,286 before tax (solo) in two years and $1,215,801 or more AFTER TAX in two years as long as my company stock holds close to its current value (TBD.)
I will do a more formal breakdown at some point but just pausing to smell the fiscal roses and celebrate with my fellow readers who have been following my blog for many years (and new readers as well.) When I was 22 and had less than $10k in my bank I thought $1M was an impossible feat to accumulate let alone $100k. That was a long time ago, but on my worst days when I feel hopeless and like I’m a total failure, I just need to remember where I came from and how I’ve somehow held it together to build some sort of stability in my life, at least to cover a few mental breakdowns. Go me. (Blows party horn again.)
The after-tax breakdown is as follows:
- Cash – $144k
- Debt – $3k
- Investment (Taxable) – $457,951
- Retirement (Roth) – $69,355
- Retirement (IRA) – $144,580 (assuming 50% tax rate)
- College Savings – $32,455
- FUTURE RSU AFTER TAX Next 2 Yrs – $370,749
Trying to feel accomplished because I feel like a big ‘ol failure these days.