Early Retirement Tracker – June 2019

Here is my retirement estimate for June 2019, based on May’s net worth progress. It was another record net worth at $171,036 and that record blew the previous one out by over $13,000. I’m definitely expecting to see a positive impact in the early retirement numbers here, especially with how drastic of a change in net worth I experienced over the past month. I’m hoping that it will rival some of the numbers I was getting last Summer (2018) before I changed the calculation of my spending.

A reminder of the three ways I will tracking 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:

Both calculations based on 4% and 7% saw a decrease of over half a year, and that’s with “only” $13,000 in net worth change. I’m hoping that I continue that pace of saving and growth throughout the rest of 2019 and I push that 7% closer to 11 years.

Retirement estimation if I never save another dollar:

A really big decrease of 2 years here! I’m now at my lowest point of calculating this number, which is a great thing to see when the earlier is better.

Photo by Young Shih on Unsplash

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