Early Retirement Tracker – October 2020

Here is my retirement estimate for October 2020, based on September’s net worth. I’m expecting numbers to be about the same or slightly better than last month’s estimate.

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:

These numbers stayed essentially the same since September, with a small drop coming from the decreased spending this month as I expected.

Retirement estimation if I never save another dollar:

Holding steady this month around 27 years until retirement if I don’t contribute anything else to it.

Photo by Ankita Bhattacharya on Unsplash

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