brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
I have a fairly simplistic spreadsheet I use to track how close I am to the "zone" where I can potentially ER. I assume an income need and step it up for inflation, assume an annual savings amount, and assume a uniform 10% annual return on all investments. The house, changes in standard of living, and (most sigbificantly) future college costs are all ignored. Like I said, it is crude, but it roughly allows me to track how close I might be to seriously thinking about ERing.
I haven't updated this sheet for about a year, but I was noodling around the PC this weekend and came across it. When I tossed in my current balance and boosted investment contributions to get closer to reality, I found that rather than being 15 or 16 years away, I am more like 12 years away. Not too shabby. Realistically, I probably won't even think about it until the mortgage is paid off (14 years) and I have some sort of plan for financing kiddies college costs. Still, its nice to know that we are at least making some progress.
I haven't updated this sheet for about a year, but I was noodling around the PC this weekend and came across it. When I tossed in my current balance and boosted investment contributions to get closer to reality, I found that rather than being 15 or 16 years away, I am more like 12 years away. Not too shabby. Realistically, I probably won't even think about it until the mortgage is paid off (14 years) and I have some sort of plan for financing kiddies college costs. Still, its nice to know that we are at least making some progress.