Spending and expenses are leveling out now with mortgage payments, utilities, and everything else involved with owning a house. I received a nice bonus this month which contributed to the large increase, and the stock market is really recovering which is also part of the overall increase. Going forward, I’ll continue these monthly net worth updates, but move the early retirement updates to twice a year in June and December. I’ve found there isn’t much movement on a month-to-month basis for those posts.
Net Worth for April 2021:

I’m getting so close to passing $300,000 for the first time! If the market keeps this up I should be surpassing that mark next month.
So let’s see how far my assets would take me at this point. I will calculate that using my average spending over the last 12 months. I’ll then multiply that result by 12 months to get the total spending for the year, and then divide my total net worth by that amount. That’s how long I’d be able to live off my savings at that point in time.
$2941 average spending last 12 Months * 12 Months = $35,292 spending in a year
$297,147 net worth / $35,292 spending per year = 8.42 years’ worth of spending

I also thought it would be cool to see the opposite, how much would I be able to withdraw each month? I set the rate of return at 4% as a conservative guess, and the retirement time period would be for 30 years.
I’d be able to withdraw $1413 a month for 30 years which is 48.0% of my average monthly spending.
Photo by Kush Dwivedi on Unsplash
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