Do you coddle your milestone?

I know they say not to over indulge a child, but it's great therapy to overindulge your milestones when you accomplish them.

What I mean is this: When I set a goal for a new story, I shoot for 80,000 words for the first round -- but! I set smaller milestones within that goal to keep myself motivated. First I shoot for 500 words, then 1,000, then 2,000, and 5,000, and 10,000, next 15,000, so on and so on. I celebrate each one because they are commitments to my greater word goal, and they're short and frequent enough to keep myself engaged with the writing.

Is this something you do? Do you set your milestones and celebrate each one as they come to pass?