Here is my retirement estimate for February 2020, based on January’s net worth progress. I’m almost at 200k net worth and it was another all-time high in January. I’m expecting to see my early retirement stay steady or have a small decrease, as expenses have been higher in recent months which is canceling out the net worth increases.
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:
Things are mostly flat on both calculations, with the same pattern over the past few months. The simple calculation and excel calculation already have my retirement spending factored in, where the Mad Fientist Lab is going off recent actual spending. All I can do is keep saving and the numbers will work themselves out!
Retirement estimation if I never save another dollar:
Another drop this month and I’m almost under 30 years until retirement with no additional contributions! I’m thinking that by next month I’ll have this under 30 years if my net worth keeps increasing at the same pace
Photo by Kévin JINER on Unsplash
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