Early Retirement Tracker – April 2019

Here is my retirement estimate for April 2019, based on March’s net worth progress. I managed to hit another record net worth, but my spending also went up. My guess is that the numbers will probably look about the same as last month. I’m hoping to bring my 4% estimation under 16 years by the end of 2019, but we will see how the market (and my savings rate) does.

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

  1. 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?
  2. The second way I’ll be calculating this is through an equation and the help of Wolfram Alpha.
  3. 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:

As expected with the increased spending over the last month, the average retirement age ticked back up ever so slightly. I’ll call it pretty much even at this point since it’s only a small setback though. I’m hoping to be able to save more money in the next few months in order to really boost that up though!

Retirement estimation if I never save another dollar:

For April 2019, I now have a lower average than April 2018 even after adjusting my calculation slightly in November of 2018. It’s good to see that year over year progress, and I’m also going to be approaching a new low number in a few months if I continue at the same pace. I wonder how long until that estimate is 30 years?

Photo by John-Mark Smith on Unsplash

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