Here is my retirement estimate for March 2019, based on February’s net worth progress. Another all-time high net worth so I’m excited to see where I’m at.
A reminder of the three ways I will tracking 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:
Moving the needle back down again, always good to see that! If we’re going with 4% returns, I’m almost back to 16 years until retirement with the new spending rate. At 7% growth, I’m nearly back to 12 years until retirement. I think the biggest change this month was the Mad Fientist calculator finally leveling off with my spending and the increased net worth making a bigger difference. I would love to get that number under 12 before the end of the year and keep it there.
Retirement estimation if I never save another dollar:
I’m almost back to the same number that I had in March 2018, so that’s always a good sign. It means the new net worth is making a bigger deal than the previous spending levels. Hopefully by April I’ll have a better number year over year.
Photo by Markus Spiske on Unsplash
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