Compared to May, spending was a lot lower in June with no major expenses in the budget. The market also continues its torrid pace even with everything happening around us. It seems like covid did peak a few months ago, but there are worries that it will come back strong again this Fall. And there are still a ton of businesses that aren’t operating or operating with restrictions or a lot less revenue. I’m hoping that the market is right in predicting everything going back to normal.
Net Worth for June 2021:

The big gains keep coming! I basically reversed the checking account drop from last month’s expenses and on top of that, there were positive gains across all of my other accounts.
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.
$3034 average spending last 12 Months * 12 Months = $36,408 spending in a year
$307,267 net worth / $36,408 spending per year = 8.44 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 $1461 a month for 30 years which is 48.2% of my average monthly spending.
Photo by Mikhail | luxkstn on Unsplash
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