Early Retirement Tracker – April 2021

My retirement estimate for April 2021 is based on March’s net worth. I was able to surpass December’s all-time high last month, so I’m hoping these are my best numbers yet. I do expect these to flatten out as time passes though, as my housing expenses going forward will have a significant increase over my rent expenses.

A reminder of the three ways I will track 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:

I am very happy with these numbers continuing to improve, as I’ve shaved 5 years and 4 years off each number in only a year. I know these rapid results won’t continue to happen as I get closer or if the market moves in the other direction, but it’s still motivating to see at this point in time.

Retirement estimation if I never save another dollar:

This estimate is directly tied to my net worth, so another all-time high net worth leads to the lowest estimate here yet – at only 23 years.

Photo by IPICS_SA Chikane on Unsplash

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