Early Retirement Tracker – August 2020

Here is my retirement estimate for August 2020, based on July’s net worth. I continue the march higher and higher in my net worth, so this estimation will be my best yet.

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’ve dropped below last August now, which is great to see.

Retirement estimation if I never save another dollar:

Continuing to push this number lower is exactly what I want to see. This allows me to get closer to a “Coast FIRE” goal of not having to worry about saving as much.

Photo by Ashish Kumar Senapati on Unsplash

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