# Net Worth Update – November 2018

Here is my updated net worth for November 2018.

Net Worth:

This was a much better month for me compared to October. Huge gain overall and every single account was positive! I’m hoping that I will be able to continue that trend through the next few months.

So let’s see how far my assets would actually take me at this point in time. I’m going to calculate that using my average spending over the last 12 months. I’ll then multiply that 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.

\$2628 average spending last 12 Months * 12 Months = \$31,542 spending in a year

\$142,196 net worth / \$31,542 spending per year = 4.51 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 \$676 a month for 30 years which is 25.7% of my average monthly spending.