Early Retirement Tracker – January 2021

Here is my retirement estimate for January 2021, based on December’s net worth. We’re finally in 2021 and my net worth in December was another record high so I’m expecting good results this month.

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 finally cracked under 10 years with the 7% growth rate, which is pretty crazy to think about. It would take optimal market conditions to come true, but it’s nice to actually see it is a possibility this soon.

Retirement estimation if I never save another dollar:

Starting off the new year right, as my estimate is now under 25 years.

Photo by Marek Piwnicki on Unsplash

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