Here is my retirement estimate for December 2019, based on November’s net worth progress. I hit another record net worth last month, so I am hoping for those results to show up here as well.
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:
There was a slight tick down in these numbers which is always good to see. And I still like the fact that the number is lower than last year, even after increasing my spending a bit in the calculation to better match reality.
Retirement estimation if I never save another dollar:
With the way my net worth keeps increasing, this number continues to plummet. I’m below 32 years for the first time and still averaging just above a 5 year drop from last December. This number increased slightly at the beginning of this year, so I’m hoping to reverse that trend in January and February of this coming year. That should increase the gap even more year over year!
Photo by Edou Hoekstra on Unsplash
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