Here is my retirement estimate for October 2019, based on September’s net worth progress. I’m not really expecting any positive changes here, as my net worth was down overall. Even though my spending was technically down as well, the one time expenses bumped that up.
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:
As expected, both estimates ticked back up in the wrong direction this month. I’m not going to worry about this on a month-to-month basis, but I think it’s important to track and watch either way!
Retirement estimation if I never save another dollar:
Back up to 33 years after two months of solid progress, but we’re still trending under the same number from last year – so I’ll take it!
Photo by Omair Parvez on Unsplash
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