Early Retirement Tracker – September 2020

Here is my retirement estimate for September 2020, based on August’s net worth. This should continue to bring good news with another record net worth back in August.

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’m in better shape than I was last year in September, and these are both some of the lowest estimates I’ve ever had – even before I updated the formulas based on a higher spending number.

Retirement estimation if I never save another dollar:

I’m pushing even lower than that 30-year target that I had initially set for myself at the end of last year. Maybe I can get this to 25 years by the end of 2021?

Photo by refargotohp on Unsplash

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