The Money Related Numbers
23.26% (previously 24.10%)
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.
110 months (previously 111)
The number of months until my 45th birthday and our finish date.
108.50 months (previously 106.61)
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
8.23 times annual spending (previously 8.71)
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.
32.91% to minimum FIRE (previously 34.88%)
The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.
35.37 times annual spending at goal number (previously 36.19)
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 – $2061
What’s Happened and What’s Happening
This last month saw a slump in the markets which made all of our numbers move in the opposite direction. On the bright side, all fund purchases while the markets are down are purchased on sale!
We also had a windfall in the Taxable Investments category due to the employee stock purchase program coming in this month. I calculated this number by doing some rough calculations to determine how much was gained over what was put in. This last 6 months was great, but the next 6 months might only be average. Since I’ve been putting in the ESPP numbers in the previous updates, it didn’t seem right to put it under Taxable Investments and double count it. Essentially all of the ESPP proceeds were moved into our taxable investments at Vanguard instead of leaving it in company stock, which could be volatile.
We reevaluated our auto and homeowner’s insurance this past month and were able to find a better deal. For years. our homeowner’s insurance has been increasing by quite a bit, but we haven’t been able to find a better deal because our auto insurance was incredibly competitive. This year we finally found a better deal and have combined them under one company again.