Here is my retirement estimate for April 2020, based on March’s net worth. There’s not going to be much good news in this month’s estimation! Net worth is down with the covid-19 pandemic and these estimations will be the lowest they’ve been in a long time.
A reminder of the three ways I will track 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:
I’m going to continue saving as much as possible, but right now covid is dragging everything down with it.
Retirement estimation if I never save another dollar:
The increase in years continues from last month and I’m not sure it’s quite done yet as the pandemic continues. Until my net worth goes the opposite way, the number of years until retirement will continue to increase here.
Photo by Isaac Lind on Unsplash
Leave a Reply