Here is my retirement estimate for February 2019, based on January’s net worth progress. With the bump back up in net worth this past month, I’m hoping to see the same trend on this update.
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:
This is looking a little better this month, though Mad Fientist Lab didn’t like my increased spending over the past few months (which is why my checking + savings accounts have been flat). I’m fine with that though because it’s important to have a balance with these calculators. I don’t want the calculators saying I can retire in 2 years and then they’re flat out wrong.
Retirement estimation if I never save another dollar:
With the new high in net worth, this has gone down significantly. It’s still a bit higher than September and October, but that’s with the higher spending adjusted in. If that’s the amount I’m going to be spending, it has to be the new target. Let’s hope this one keeps going down!