Early Retirement Tracker – June 2020

Here is my retirement estimate for June 2020, based on May’s net worth. I’ve surprisingly hit an all-time high net worth once again, and I’m expecting the numbers below to reflect that. With the pandemic going on, I also had an extremely low month of spending. We haven’t really done anything other than order groceries and pay the rent, so not much to spend money on.

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’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:

This is the highest my net worth has been, so this number is now the lowest it’s ever been. If I stopped contributing to my accounts today and just let the money grow, I’d be retired in 30 years if I take the average of the 4% growth and 7% growth. I know I was hoping for this number to dip below 30 sooner, but nobody can predict a global pandemic.

Photo by moments on Unsplash

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