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A reminder of the three ways I will tracking my progress:

- The first way will actually be with a simple excel calculator that I made. I’ll plug in my current monthly expenses, savings rate, and net worth. And the calculator will say just how long I have until retirement. Maybe it will say that I can retire tomorrow?
- The second way I’ll be calculating this is through an equation and the help of Wolfram Alpha.
- The third and final way I’ll be calculating my early retirement date is with the help of Mad Fientist Laboratory. I’ll input expenses, savings, and net worth and let his calculations do the rest of the work.

Retirement estimation based on 4% market growth:

Retirement estimation based on 7% market growth:

Nice increase on the net worth side, but didn’t translate much to any changes on this side. I’m thinking this may be the start of things flattening out? There was the fact that average expenses crept up, so the net worth increase probably wasn’t much to change that. We’ll see how this continues over the next few months, I might finally be settling in around 11-15 years depending on the growth rate.

Retirement estimation if I never save another dollar:

Nice progress here, I’ve managed to drop it down to 33.9 years at this point. The net worth increase will always show up here, especially

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Here is my net worth after August:

This is basically where I’d like to see my finances every month. My checking account should be as close to a zero net gain as possible, with all my retirement accounts seeing increases from contributions and market gains. The only other things would be to erase that car loan and double all of those increases!

We’re officially back on the climb upwards for the last three months! Feel’s good to see the momentum continue in the right direction, and the slope is pretty steep as well.

So let’s see how far my assets would actually take me at this point in time. I’m going to calculate that using my average spending over the last 12 months. I’ll then multiply that by 12 months to get the total spending for the year, and then divide my total net worth by that amount. That’s how long I’d be able to live off my savings at that point in time.

$2595 average spending last 12 Months * 12 Months = $31,140 spending in a year

$144,975 net worth / $31,140 spending per year = **4.66 years worth of spending**

I also thought it would be cool to see the opposite, how much would I be able to withdraw each month? I set the rate of return at 4% as a conservative guess, and the retirement time period would be for 30 years.

I’d be able to withdraw **$690 **a month for 30 years which is **26.6%** of my average monthly spending.

This is a solid increase, and it’s looking like there might be a very small chance that I’m able to hit that 30% goal by the end of the year. I have 4 months to go, and a little over 3% of ground to cover. It’s a stretch but doable.

The post Net Worth Update – August 2018 appeared first on From Debt To Dreams.

]]>The post Early Retirement Tracker – August 2018 appeared first on From Debt To Dreams.

]]>A reminder of the three ways I will tracking my progress:

- The first way will actually be with a simple excel calculator that I made. I’ll plug in my current monthly expenses, savings rate, and net worth. And the calculator will say just how long I have until retirement. Maybe it will say that I can retire tomorrow?
- The second way I’ll be calculating this is through an equation and the help of Wolfram Alpha.
- The third and final way I’ll be calculating my early retirement date is with the help of Mad Fientist Laboratory. I’ll input expenses, savings, and net worth and let his calculations do the rest of the work.

Retirement estimation based on 4% market growth:

Retirement estimation based on 7% market growth:

Solid progress this month! Not only was I able to turn my net worth back into the positive, spending also decreased compared to the previous months of high spending. I was able to shave half a year off the 4% prediction, and about a third of a year when it comes to the 7% prediction. I’m wondering if by the end of 2018, the 7% prediction may even be in the single digits. These estimations will obviously start to level off at some point, but I don’t think it will be until next year.

Retirement estimation if I never save another dollar:

I continue to drop this number down, though I’m not quite able to retire early even with an increase in net worth. Once this average drops below 30 years is when I’ll officially say that I can retire early without ever saving another dollar. I’m thinking at the pace this is moving that it will happen sooner rather than later, but it does heavily depend on the market conditions.

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]]>The post Net Worth Update – July 2018 appeared first on From Debt To Dreams.

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Here is my net worth after July:Solid month for me, with huge gains across all my retirement accounts. My checking account is down because of paying off credit card expenses from previous months, but that’s expected and not a big deal. The important part is the positive net worth trend again.

So let’s see how far my assets would actually take me at this point in time. I’m going to calculate that using my average spending over the last 12 months. I’ll then multiply that by 12 months to get the total spending for the year, and then divide my total net worth by that amount. That’s how long I’d be able to live off my savings at that point in time.

$2571 average spending last 12 Months * 12 Months = $30,852 spending in a year

$142,061 net worth / $30,852 spending per year = **4.60 years worth of spending**

I’m slowly approaching 5 years worth of spending, and I do think I’ll be able to get there by the end of the year at this pace.I also thought it would be cool to see the opposite, how much would I be able to withdraw each month? I set the rate of return at 4% as a conservative guess, and the retirement time period would be for 30 years.

I’d be able to withdraw **$676 **a month for 30 years which is **26.3%** of my average monthly spending.

I’m back on the positive side of this equation, and moving along towards that 30% goal. It’s not looking impossible at this point!

The post Net Worth Update – July 2018 appeared first on From Debt To Dreams.

]]>The post Early Retirement Tracker – July 2018 appeared first on From Debt To Dreams.

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A reminder of the three ways I will tracking my progress:

- The first way will actually be with a simple excel calculator that I made. I’ll plug in my current monthly expenses, savings rate, and net worth. And the calculator will say just how long I have until retirement. Maybe it will say that I can retire tomorrow?
- The second way I’ll be calculating this is through an equation and the help of Wolfram Alpha.
- The third and final way I’ll be calculating my early retirement date is with the help of Mad Fientist Laboratory. I’ll input expenses, savings, and net worth and let his calculations do the rest of the work.

Retirement estimation based on 4% market growth:

Retirement estimation based on 7% market growth:

The results are pretty much what I expected, and actually a little bit better. The date remained relatively steady when I was expecting it to increase. I think this is great, as it just reinforces my perspective that this small drop in net worth was just a bump in the road.

Retirement estimation if I never save another dollar:

Even with the slight decrease in net worth, being able to drop my spending this month (most of the net worth impact was from the previous month) caused this number to drop. When your target number decreases more than your net worth – the results end up being positive in the end.

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]]>The post Net Worth Update – June 2018 appeared first on From Debt To Dreams.

]]>Here is my net worth after June:

The biggest hit here was my checking account. While some of the decrease is only temporary due to manufactured spending, a lot of it was due to travel and medical expenses.

So let’s see how far my assets would actually take me at this point in time. I’m going to calculate that using my average spending over the last 12 months. I’ll then multiply that by 12 months to get the total spending for the year, and then divide my total net worth by that amount. That’s how long I’d be able to live off my savings at that point in time.

$2602 average spending last 12 Months * 12 Months = $31,224 spending in a year

$138,541 net worth / $31,224 spending per year = **4.44 years worth of spending**

This actually remained relatively flat versus last time, which is expected. My net worth didn’t take a huge drop or anything, it was just a temporary dip.

I also thought it would be cool to see the opposite, how much would I be able to withdraw each month? I set the rate of return at 4% as a conservative guess, and the retirement time period would be for 30 years.

I’d be able to withdraw **$659 **a month for 30 years which is **25.3%** of my average monthly spending.

Here’s to hoping that next month I can reverse this loss.

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Retirement estimation based on 4% market growth:

Retirement estimation based on 7% market growth:

Because of the larger than normal increase in spending this past month, retirement estimations are basically the same as last month. If we are basing things off 4% growth, my target retirement date has actually gone up a bit!

Retirement estimation if I never save another dollar:

Not much change here either, things remain almost completely flat even with the increase of net worth in May. The increase in savings was obviously not enough to offset that increase in spending though.

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]]>The post Net Worth Update – May 2018 appeared first on From Debt To Dreams.

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Here is my net worth after May:

Once again, the biggest gains are both in my checking account and my new 401k. The goal will continue to be trying to keep that checking account number down or even, and to keep the cash moving into 401k/IRA/HSA as I try to increase my savings rate.

That’s two consistent months of gains in my net worth, and you can see that affect on the chart. It’s nice to see it rising with a steeper slope recently.

$2635 average spending last 12 Months * 12 Months = $31,625 spending in a year

$139,873 net worth / $31,625 spending per year = **4.42 years worth of spending**

I also thought it would be cool to see the opposite, how much would I be able to withdraw each month? I set the rate of return at 4% as a conservative guess, and the retirement time period would be for 30 years.

I’d be able to withdraw **$665 **a month for 30 years which is **25.2%** of my average monthly spending.

Another small bump in percent this month, mostly due to the fact that spending actually increased. I’m setting my target to hit 30% of my average monthly spending by the end of the year. Anything else towards the stretch goal of 35% will just be a bonus.

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]]>The post Early Retirement Tracker – May 2018 appeared first on From Debt To Dreams.

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A reminder of the three ways I will tracking my progress:

- The second way I’ll be calculating this is through an equation and the help of Wolfram Alpha.

Retirement estimation based on 4% market growth:

Retirement estimation based on 7% market growth:

As you can see from the above charts, I continue to make progress in the right direction. With 7% growth, I’m hitting 11 years until retirement with my excel calculation and I’ve managed to stay under 12 years when taking the average!

Retirement estimation if I never save another dollar:

Here is where you see a nice big increase, with the date being stuck at 2053 for the past three months. Since this is heavily weighted on actual net worth and not savings rate, this is where I had a nice big decrease, shaving off half of an entire year – or 6 months.

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]]>The post Net Worth Update – April 2018 appeared first on From Debt To Dreams.

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Here is my net worth after April:

As you can see, the biggest gains are in my checking account and my 401k thanks to the nice bonus that I received at work. You can also see that I was finally able to convert my old 401k into an IRA. I did lose a little bit of money from holding onto a check and processing time, but it will make it up for it with extremely low fees. The new fees that they were trying to charge were absurd, which caused the urgency to rollover into an IRA.

The graph is moving up nicely now!

$2482 average spending last 12 Months * 12 Months = $29,784 spending in a year

$136,376 net worth / $29,784 spending per year = **4.58 years worth of spending**

Moving on up here as well, crossing the 4.5 marker thanks to decreased spending and an increase in net worth this month.

I’d be able to withdraw **$621 **a month for 30 years which is **25.0%** of my average monthly spending.

I continue to bump this up ever so slightly, but I’m going to need some serious progress during the rest of the year to get to the goal of 35%. Things have mostly been back and forth this year, which wasn’t the case when I originally set the goal in January.

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