Personal Financial Timeline

By cdwatts

  • First Car

    $15,000
    $3,000/5 years
    Short Term Goal
    Save money from job, loan

  • Drivers License

    $52 out of pocket
    Short Term Goal

  • Graduate High School/College

    $100,300
    $25,000 per year
    Scholarships, Loans, Parents
    Medium Goal

  • First Big Career

    New Job
    Making Money

  • Get Married

    $40,000
    Cash
    Long term Goal

  • Buy First House

    $400,000
    $36,000/15 years
    Down Payment, Mortgage, Savings from job
    Long Term Goal

  • Send Kids to College

    $150,000 per kid
    $37,500 per year
    Savings, Scholarships
    Long Term Goal

  • Kids Move Out

    $5,000 to each kid
    Helps with food and rent for a little bit
    Long Term Goal

  • Retire

    $2,000,000
    200,000 per year
    From Retirement funds, stocks, bonds, etc.
    Longterm goal

  • Vacation

    160,000
    8,000 per year (2 vacations per year)
    From Retirement fund