Early Retirement Update – June 2023

This is my latest retirement estimate for June 2023, based on all income and expenses until the end of May 2023. It’s certainly been an up an down last six months, with the pendulum swinging back and forth. It has been a bit of a steady increase the past few months though, and that is luckily reflected in the numbers.

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 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 calculate 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 the 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:

It’s been a much better six months from December until now compared to the previous six months. The estimations are basically the same as last June though. With an increase in spending, the Mad Fientist Lab prediction has gone up, while both fixed expense calculators have either stayed flat or gone slightly down.

Retirement estimation if I never save another dollar:

This is where my net worth gains are shown the best, regardless of current expenses. According to this estimate, I’d be able to retire nearly 2 years sooner compared to last June, even if I never save another dollar.

Photo by NEOM on Unsplash

Leave a Reply

Your email address will not be published. Required fields are marked *