Here is my retirement estimate for March 2020, based on February’s net worth. The market brought my net worth down last month, and rightfully so at this point. There is a lot of uncertainty going on with covid and many businesses are now shut down, with entire supply chains being disrupted. I’m not sure how long this will continue, but I believe we’re in for a rough few months
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:
This is the first spike up in years a long time, but it was also a big net worth drop as well. I was definitely expecting this to happen and will just continue to save as needed.
Retirement estimation if I never save another dollar:
This progress also came crashing to a halt this month. This is my first significant net worth decrease in a while and I don’t expect it to be the last unless covid goes away quickly.
Photo by BASIL KURIAN on Unsplash
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