Here is my retirement estimate for May 2020, based on April’s net worth. I’m basically back to where I was in February before covid, but still slightly off the all-time high that was set in January. We’ll see how things progress with the pandemic, but I’m not expecting the market to go much higher based on the current situation. I’m thinking these early retirement numbers will continue to stay flat for a while.
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:
As I expected, I’m back to where I was with March’s estimate.
Photo by Bjorn Pierre on Unsplash
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