NEW GOAL: From $166.20 on Oct 23 to $2400 on Jan 1, with a $500 withdrawal on Dec 18

Weekly Milestones
Oct 30: $223
Nov 06: $300
Nov 13: $404
Nov 20: $543
Nov 27: $731
Dec 04: $983
Dec 11: $1321
Dec 18: $1777 (before withdrawal)
Dec 25: $1784
Jan 01: $2400

Since my original goal is going so well at the moment (as of 10/23), I have decided to set a tougher, loftier one. I will not be all that disappointed if I don't reach this one, but I think it's a nice one to shoot for.

Instead of making $800 per month by January, I am going to instead try for $1200, with the goal of withdrawing $600 each month and adding another $600 to my bankroll. Again assuming an 8% ROI, that means that I will need to invest $15,000 per month. Playing 272 games per month (about 32 hours per week assuming 2 games per hour) at the $55 stakes on PokerStars results in about $15,000, so that is what I'm aiming for.

I was previously set on having "nearly 23 buy-ins" by January, but after reading Spenda's BR management article at GrinderSchool.com, having 45 buy-ins seems like a much safer way to play. On the surface this seems like a bit much, but if I'm going to try living off my poker winnings, it would be nice to have a little extra cushioning in the event of a dry spell. Thus instead of shooting for $1250 by January, I am instead aiming for $2400.

But I am adding another wrinkle. If I'm going to be winning all this money, it would be nice to be able to take some out before Christmas to be able to buy some gifts for friends and family. For this reason, I am also going to aim to withdraw $500 (including my deposit bonus) on December 18.

Putting all these numbers together, I have created a new set of milestones to reach in order to meet this more difficult goal. Looking at the numbers, I will need to increase my bankroll by 35% every week, undoubtedly quite a challenge. If I don't quite make it, at least I had something lofty to shoot for, and I will still be well on my way towards meeting my original goal.