I found out recently that our internet provider, Amplex, offers a discount for paying for a full year of internet service at once. I promptly called them to get on the plan. The deal is basically pay for 11 months, get the 12th month for free. For us, that will save us $5/month!
It’s May and we’re finally moving full speed ahead!
The Money Related Numbers
24.10% (previously 23.45%)
This is our invested assets/target number. Our invested assets span across a variety of investment vehicles such as 401k, HSA, IRA, Roth IRA, ESPP (Employee Stock Purchase Program) and standard taxable mutual funds.
111 months (previously 112)
The number of months until my 45th birthday and our finish date.
106.61 months (previously 108.07)
The number of expected months until we reach our target number based on our current expected monthly contributions, assuming a 10% annual return.
The Expense Related Numbers
8.71 times annual spending (previously 8.65)
This is how many multiples of our annual spending we have saved up towards our goal. For example, if this value was 9.1 and we spent $10,000 annually, we would have $91,000 saved up.
34.88% to minimum FIRE (previously 34.58%)
The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.
36.19 times annual spending at goal number (previously 36.87)
We have a goal amount that we’d like to reach. Given our current annual spending, this is how many times our annual spending we’ll have saved when we reach our goal number.
Where We Saved This Month
401k – $1882 total (employee and employer)
HSA – $430
Roth IRA – $1000
ESPP – $495
Taxable Investments – This will start after we’ve built up an extra cushion in our savings account, which will be next month!
What’s Happened and What’s Happening
Our annual expenses continue to become more accurate, which means they are also increasing each month. That means our “expense related numbers” will improve at a much lower rate, or possibly go backwards for a while. Some of the larger unusual expenses this month include life insurance, car maintenance, and a deposit on a cruise next year.
The investment numbers for this month are not at the very end of April/beginning of May because we went through the process of transferring many of our investments to Vanguard. It took a couple of weeks to complete the process. I gathered the numbers as soon as the transfers completed. We’ll be moving some of money to different mutual funds over the next month or so.