I just realized I never checked in on my progress for 2006 for my $100,000 by age 30 goal.  I know I was ahead of schedule, but figured it would do me good to get a detailed list of goals vs actuals.  Plus it will make it easier for me to keep track of my progress in 2007

The gameplan

YearAgeRoth IRAsTraditional 401kRoth 401kTotal Contributions
200424.5$6,000$1,146$0$7146
200525.5$8,000$8,268$0$16,268
200626.5$8,000$0$9,380$17,380
200727.5$8,000$0$11,424$19,424
200828.5$10,000$0$9,710$19,710
200929.5$10,000$0$10,281$20,281
Totals30$50,000$9,432$40,795$100,227

The Actuals

YearAgeRoth IRAsTraditional 401kRoth 401kTotal Contributions
200424.5$6,000$1,146$0$7146
200525.5$8,000$8,268$0$16,268
200626.5$8,000$0$10,592$18,592 (+$1,212)
200727.5$750$505$2050$3,305
Totals27$24,750$9,919$12,648$45,311

As you can see I’m currently a little head of schedule and right on track for this year, although I plan on surpassing this year’s goal by a couple thousand dollars due to the fact that I’m making more money and I’m contributing to a Traditional 401k instead of a Roth 401k so it’s easier and my tax liability is higher.  I know in the grand scheme of things this goal really does nothing for me as it’s just a short term milestone, but so far I haven’t translated this into a real life retirement goal (IE I need to get to $$$ so I can retire comfortably), but it’s been a fun goal for me and I think it definitely has me pointed in the right direction.