Early Retirement Tracker – September 2019

Here is my retirement estimate for September 2019, based on August’s net worth progress. I had a sizable increase in both my checking and savings accounts, so hopefully, it will translate into my early retirement numbers. Spending was in check, but it was slightly above average so I’m thinking things might stay the same with these calculations.

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:

I had a very slight drop on both calculations, I knocked off 0.1 of a year of each estimation or about a month so can’t complain there! The numbers are heading back in the right direction, and I would like to keep that momentum going as I said last month.

Retirement estimation if I never save another dollar:

I am able to stay underneath 33 years and I’m still in a better place than I was a year ago from now. I’m getting close to that point where I’ve hit my Coast FIRE number, but not quite there yet. I’m going to enjoy tracking this number as it gets closer and closer to my actual retirement estimation and the two numbers converge.

Photo by Marek Piwnicki on Unsplash

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