Million Dollar Club: To Do List

Holy Ship. I’m going to kill myself.
So….I did a very conservative calculation using CNN Money’s Millionaire Calculator
This is what it told me:
Time until your nest egg is $1 million:
27 years and 9 months
Inflation adjusted:
37 years and 6 months
I’ll be damn near 60 (or 70 w/ inflation) years old before I’m a millionaire? That can’t be right!!!
And it isn’t right.
Because: A) I didn’t include savings outside of my retirement accounts and B) my financial situation will improve and my contribution to the “nest egg” will grow as years go on… But still…I’m having a heart attack today anyway.
Oh…what brought this on?
J. Money from Budget’s are Sexy (he’s getting a lotta play in my blog these days) has a Million Dollar Club and I’m making this post as my entry into the “club. “
In order to get to my million dollar nest egg I VOW to do the following:
  • Continue to live below my means
  • Max out my roth IRA annually (starting 2012 cuz who knows how this year will go financially)
  • Put all future bonuses 1/2 to savings and 1/2 to retirement accounts
  • Put all freelance income 1/2 to baby savings 1/2 to retirement accounts (this will change once I am working only for myself)
I decided to do a slightly more aggressive retirement savings calculation and I got:
Time until your nest egg is $1 million:
24 years and 3 months
Inflation adjusted:
31 years and 7 months
Yay I’ll only be pushing 55!  <– I really hope you heard the sarcasm on that one.
How long until you get there? Will you join J. Money’s club?
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Mom of two, Wife, Life & Wellness Coach, Blogger, Writer, Laughter lover, Motivator, Quasi Health Nut, Vacation Addict, Hair Care Junkie, Beach Bum Wannabe. Writes about parenting, wellness, and marriage here and on other sites.


  1. Mrs. K says

    Girl you inspire me. I am so impressed. Oh to that question you left on my blog: yes he is, we both are–just different specialties :). That all sounds great and confusing. I'm so not a money/finances person but I want to learn. But I also don't overdo it with spending either. Anyway, you can do it. I think you'll have a million put away waaaaay before 55.

  2. Frugal Student says

    Hey, I found you from J. Money's blog. I love your blog. I had a heart attack when I saw how long it would take me to get to a million too. This has forced me to rethink about some of my choices and make some changes. I also made some minigoals for myself to help feel accomplished. I will pass by my first minigoal this year, but I am not sure when I'll hit my next minigoal.

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