Early Retirement Tracker – December 2020

Here is my retirement estimate for December 2020, based on November’s net worth. This is my highest net worth since tracking once again, so I’m looking forward to seeing the numbers!

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:

Some of my best estimates yet at 14 years and 10 years, I’ll definitely take that at this point.

Retirement estimation if I never save another dollar:

Wow! Talk about a huge drop, an average of 25 years until retirement with not saving another dollar.

Photo by S. Tsuchiya on Unsplash

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