Here is my retirement estimate for November 2019, based on October’s net worth progress. Since I’m back up and past August’s numbers, I’m expecting another bump back in the right direction.
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:
The numbers basically stayed the same here, with a slight decrease for the 7% growth chart. Mad Fientist continues to go up based on actual spending numbers, while I am still using a retirement estimation for the other two calculations which is why they trend a bit lower overall.
Retirement estimation if I never save another dollar:
Down 5 years on my estimation from last November, so I’ll definitely take those results. That’s a net gain of 4 years over that same time period, so I must be doing something right with my savings. This is also the lowest number I’ve had for this prediction at 32.4 years for the average.
Photo by Jan Walter Luigi on Unsplash
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