This is what we are on track to make through the end of the year.
- W’s base salary is $101,296
- W got a bonus of $2,865
- M’s base salary is $153,000
- M got a bonus of $11,400
Our total yearly income is (or would be if we continued our employment till the end of the year) $268,561
This puts us in the top 3% of US household income. Let’s pause for a moment and reflect on that. We are incredibly blessed to have a number of factors working in our favor, a lot of which are just plain birth circumstances. Sure, we work hard and made conscious choices to invest in college educations but that doesn’t even tell half the story.
That’s awesome. You make over twice what we make. Even so, we still plan to retire within the next 10 years. You should not have too many more years before you both can retire. How much longer do you plan to work?
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Yeah, we are very lucky to be in this position. We’ve actually used a great portion of the income on paying down the mortgage. We paid about $31k towards extra mortgage principal in the last twelve months.
As far as retiring, M is about to RE in about a month! W will continue full time work for about another 11 years or so ….here is the more detailed version https://networthanonymous.com/2019/07/18/a-big-change-in-fire-plan/
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