Here is my retirement estimate for July 2020, based on June’s net worth. It was another great month for me, so I’m expecting similar results with the estimation dropping.
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:
I’m staying pretty steady these past few months now, and about in the same place as I was last year.
Retirement estimation if I never save another dollar:
I’ve finally pushed this number to under 30 years, and now let’s hope I can keep it there.