Days to Retirement: 2938 (May 1, 2019)
Status:
If you compare today's chart to yesterday's, you see that there's a whacking difference.
Causes are:
Ratcheted up ESOP contributions by another percent of my gross salary, and recalculated dividends and contributions over the next eight years
Moved some items around that should be in this section
Realized that I had calculated my mortgage payments as after-tax dollars without using the calculation for making them pre-tax dollars. BIG IMPACT! Reduced amounts needed signicantly.
Good news is I'm actually in pretty good shape. Phew!
If you're going to do caculations of what you're going to need in savings, make sure that you have two columns -- one for pre-tax numbers and another where you're doing things like payments/mortgages. These feed into the pre-tax column as a formula using your tax rate.
Another way of not making mistakes is to hand this to your spouse (or someone that you trust) to make sure that the numbers are correctly organized and kept separate (pre/post-tax amounts) My mistake was using the one column for both data types.
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