Here is my retirement estimate for August 2019, based on July’s net worth progress. Net worth stayed basically the same from June to July, with a small gain this month. I’m expecting the numbers to stay about the same for the early retirement tracker as well.
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:
Everything stayed basically the same from July to August, with the Mad Fientist calculator adjusting up again due to spending more than the other two calculations. I’m fine with that though, as a more realistic estimate helps to make sure everything is correct! Still hovering around 16 years for 4% growth and 12 years with 7% growth.
Retirement estimation if I never save another dollar:
Continuing to tick down here ever so slightly at 32.9 years until retirement. Let’s keep the trend going in that same direction.