After seeing September’s net worth update, there isn’t too much progress to update you on when it comes to tracking early retirement. Numbers were essentially flat and they don’t look to be changing much this month either with the poor stock market performance. It could also be that I’m finally tracking in on my accurate retirement number at my current savings and net worth amount. If the decline starts to become steadier or stagnant across the months, then I’ll know that things are changing.
Time for my newest update when it comes to tracking my early retirement, and things are looking good after the August net worth update. I actually expected more positive news when doing this, but it looks like things ended up remaining relatively flat compared to the net worth trend. I’m thinking this is probably just because of the increase in spending over the past few months, and it will flatten out in the coming months. I will continue to just focus on what I can control, which is continuing to save and keeping my expenses down wherever possible.
As opposed to last month when I went to do this analysis, I was super excited to see where things were going in August. I dropped my average expenses down in July, and my net worth was back on the way up and definitely trending in the right direction. The results from this report turned out to be true, with August estimates dropping across the board. Every single date is closer than it was last month and all previous months! Continue reading
This is probably one of the posts I was least looking forward to doing, as I knew that after the poor results from my June net worth summary there wouldn’t be much to look forward to there. While I’m not constantly checking my portfolio, there is something addicting about seeing the numbers going up every month. I have to realize that things aren’t always going to look that way, especially as my portfolio gets larger and larger. My savings will have a much smaller affect on the total compared to where the market is taking me. This was probably an excellent lesson for that, and in the end the results really weren’t that bad.
Tracking my retirement number is just as exciting for me as tracking net worth, because they are so tied together. I love being able to watch my net worth go up, and seeing my target retirement date go down! Unfortunately that was not the case so much in June, as expenses caused the total amount needed for retirement to go up, cancelling out the net worth growth. When I first went to run the numbers, I actually expected things to look much better than this. It’s a perfect example of how your expenses are just important as your total savings when it comes to establishing a safe withdrawal rate and a targeted total amount.