Early Retirement Tracker – November 2020

Here is my retirement estimate for November 2020, based on October’s net worth. With the big expense in October, this estimate is probably going to be basically the same or a little worse this month.

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:

Staying steady along with my net worth. I’ll be hoping to build that back up in the next few months if possible.

Retirement estimation if I never save another dollar:

This is still holding steady this month around 27 years until retirement if I don’t contribute another cent.

Photo by Marlin Clark on Unsplash

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