FIRE Month Savings Progress Report for September 2021

water drops from faucet

Month 4 of the Kitchen Remodel

This month’s numbers don’t look great. With our increase in expenses because of the kitchen, and the market not doing as well this month, most numbers moved in a negative direction. However, when the market is down, even a little, it’s a buying opportunity.

One positive this month is in how much we saved. That number continued to tick up a little bit. Unfortunately, it’s not likely that we’ll be able to continue to boost that number every month.

Some of this month’s expenses were annual – insurance, furnace inspection, Europe trip, orthodontist and Mint Mobile annual bills. Other expenses were irregular – kitchen stuff, tires for the Prius, veterinarian, and an A/C repair from the inspection.

If you’re wondering what I use to track our numbers monthly, it’s Personal Capital. You can start using them too and we both get $20: https://pcap.rocks/adam4058

How did this affect us?

Our average of monthly expenses continue to increase, and our expenses this past month increased a very small amount compared to the month prior. As the kitchen project wraps up, our expenses should drop in about a month or two.

  • $1055 – Plumbing
  • $906 – Cabinet trim
  • $570 – Wellness visits and supplements
  • $467 – Tires
  • $397 – Mint Mobile (1 year plan for 2 phones)
  • $286 – Veterinarian
  • $269 – Umbrella insurance
  • $268 – Furnace inspection and repair
  • $197 – Europe trip
  • $175 – Orthodontist

The Money Related Numbers

Current and future value against Minimum FIRE Goal and 25x Expenses Goal

53.68% to target number (previously 55.73%)

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.

82 months (previously 83)

The number of months until my 45th birthday and our finish date.

45.01 months (previously 43.37)

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

9.26 times annual spending (previously 10.06)

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.

37.06% to minimum FIRE (previously 40.26%)

The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.

17.26 times annual spending at goal number (previously 18.06)

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.

How Much We Invested

-6.28% Month to Month Change In How Much Saved (previously -41.58%)

This number shows the change in what we saved this month compared to the prior month in things like 401k, Roth IRA, taxable accounts, and Employee Stock Purchase Program.

-4.62% Month to Month Change in How Much Saved With Employer Contributions (previously -43.74%)

Same as the prior number, but with employer contributions counted.

4.63% Month to Month Change in 6 Month Savings Average (previously 5.94%)

This number show the change in what we saved this month compared to the prior month, but on a 6 month rolling average. This helps to smooth out months over time and shows a more general trend.

4.22% of 6 Month Average Net Income Invested With Employer Contributions (previously 5.20%)

Same as the prior number, but with employer contributions counted.

FIRE Month Savings Progress Report for August 2021

concrete tunnel

Month 3 of Kitchen Remodel

Most numbers moved in a positive direction as we start to finish the kitchen. We’re in the final phases and there is light at the end of the tunnel. We have a functional kitchen with running water and a stove again!

Our month to month savings percentage dropped considerably from the month prior, but that’s not surprising. Fluctuations of income or an extra paycheck can make that change considerably each month. It’s much more important overall that the month-to-month 6 month average is generally increasing.

If you look at the graph, you’ll notice that our 25x Expenses Goal has also went up way past our Minimum FIRE Goal. After the expenses for the kitchen remodel drop off our 12 month moving average next year, we should see that line drop considerably into a more reasonable average. Fortunately our Future Value numbers have remained well above our 25x Expenses Goal which means that even with the higher expense number, we should have enough to cover them in the future.

If you’re wondering what I use to record our numbers monthly, it’s Personal Capital. You can start using them too and we both get $20: https://pcap.rocks/adam4058

How did this affect us?

Our average of monthly expenses continue to increase, even though our monthly expenses dropped a little bit from the month prior. This month was the final payment for the counter tops prior to them being installed.

  • $2650 – Remainder of counter tops
  • $518 – School fees
  • $484 – Optometrist and glasses
  • $226 – Europe trip
  • $175 – Orthodontist
  • $144 – Veterinarian

The Money Related Numbers

Current and future value against Minimum FIRE Goal and 25x Expenses Goal

55.73% to target number (previously 53.73%)

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.

83 months (previously 84)

The number of months until my 45th birthday and our finish date.

43.37 months (previously 46.77)

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

10.06 times annual spending (previously 10.24)

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.

40.26% to minimum FIRE (previously 40.96%)

The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.

18.06 times annual spending at goal number (previously 19.06)

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.

How Much We Invested

-41.58% Month to Month Change In How Much Saved (previously 40.48%)

This number shows the change in what we saved this month compared to the prior month in things like 401k, Roth IRA, taxable accounts, and Employee Stock Purchase Program.

-43.74% Month to Month Change in How Much Saved With Employer Contributions (previously 34.58%)

Same as the prior number, but with employer contributions counted.

5.94% Month to Month Change in 6 Month Savings Average (previously 18.11%)

This number show the change in what we saved this month compared to the prior month, but on a 6 month rolling average. This helps to smooth out months over time and shows a more general trend.

5.20% of 6 Month Average Net Income Invested With Employer Contributions (previously 17.98%)

Same as the prior number, but with employer contributions counted.

FIRE Month Savings Progress Report for July 2021

not our actual floor

Month 2 of Kitchen Remodel

All the numbers have moved in a positive direction this month with the exception of one. This one number is mostly affected by expenses for the kitchen remodel. So far, the remodel has taken a bit longer than expected, but fortunately, there haven’t been too many surprises so far. We’ve got drywall, painting, and cabinets done. We also have floors done in 3 out of 4 areas. The remaining big items are countertops, backsplash, and appliance and plumbing hookup. After that it’s just finishing touches like trim work and some painting touch ups. We have plans to redo our back closet, but I think we’re going to hold off on that until this winter. We’re currently experiencing remodeling fatigue.

We hit a major milestone this last month in our net worth after all of the accounts from my previous employer were rolled over into their new homes. Hopefully as our expenses level off towards the end of this year and we continue to invest, our net worth will continue to grow.

If you’re wondering what I use to record our numbers monthly, it’s Personal Capital. You can start using them too and we both get $20: https://pcap.rocks/adam4058

How did this affect us?

Our average of monthly expenses continue to increase, even though our monthly expenses dropped a little bit from the month prior. That’s because we have some lower expense months that are dropping out of the 12 month average and that causes raising the average. Once our kitchen remodel months drop out of the average in about 8 months, our annual expenses should start to drop again.

  • $1400 – Drywall work
  • $1097 – Property taxes
  • $550 – Annual internet payment
  • $349 – Miter saw
  • $270 – Cabinet levelers
  • $230 – Dumpster

The Money Related Numbers

Current and future value against Minimum FIRE Goal and 25x Expenses Goal

53.73% to target number (previously 52.21%)

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.

84 months (previously 85)

The number of months until my 45th birthday and our finish date.

46.77 months (previously 51.63)

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

10.24 times annual spending (previously 10.23)

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.

40.96% to minimum FIRE (previously 40.92%)

The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.

19.06 times annual spending at goal number (previously 19.59)

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.

How Much We Invested

40.48% Month to Month Change In How Much Saved (previously 77.04%)

This number shows the change in what we saved this month compared to the prior month in things like 401k, Roth IRA, taxable accounts, and Employee Stock Purchase Program.

34.58% Month to Month Change in How Much Saved With Employer Contributions (previously 67.51%)

Same as the prior number, but with employer contributions counted.

18.11% Month to Month Change in 6 Month Savings Average (previously 2.48%)

This number show the change in what we saved this month compared to the prior month, but on a 6 month rolling average. This helps to smooth out months over time and shows a more general trend.

17.98% of 6 Month Average Net Income Invested With Employer Contributions (previously 4.22%)

Same as the prior number, but with employer contributions counted.

FIRE Month Savings Progress Report for June 2021

person holding paint roller on wall

As the kitchen project moves forward, fortunately, our monthly expenses are starting to decline and come a bit more close to normal. They’re still quite a bit higher than expected, but coming down a bit.

The numbers this month have almost all moved in a positive direction. You’ll notice a huge increase in savings from one month to the next. That’s primarily because I changed jobs and was paid out for my unused vacation. We didn’t need the extra funds, so much of it got invested. In addition, I started a Solo 401k for my side hustle. This gives us another avenue of saving some of the money earned through Adro Solutions away and lowering our taxes.

If you’re wondering what I use to record our numbers monthly, it’s Personal Capital. You can start using them too and we both get $20: https://pcap.rocks/adam4058

How did this affect us?

Even though our expenses have dropped a bit this month, we still had quite a long list of them.

  • $1573 – Sewer repair
  • $825 – Homeowner’s insurance
  • $681 – Car Insurance
  • $448 – Kayaking and ziplining
  • $438 – Three Cedar Point season passes
  • $420 – Work trip (will be reimbursed in July)
  • $235 – Medical expenses
  • $226 – Europe trip
  • $225 – Plumbers
  • $175 – Braces
  • $155 – Pest inspection and warranty

The Money Related Numbers

Current and future value against Minimum FIRE Goal and 25x Expenses Goal

52.21% to target number (previously 50.15%)

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.

85 months (previously 86)

The number of months until my 45th birthday and our finish date.

51.63 months (previously 54.91)

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

10.23 times annual spending (previously 10.01)

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.

40.92% to minimum FIRE (previously 40.03%)

The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.

19.59 times annual spending at goal number (previously 19.96)

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.

How Much We Invested

77.04% Month to Month Change In How Much Saved (previously 4.64%)

This number shows the change in what we saved this month compared to the prior month in things like 401k, Roth IRA, taxable accounts, and Employee Stock Purchase Program.

67.51% Month to Month Change in How Much Saved With Employer Contributions (previously 5.46%)

Same as the prior number, but with employer contributions counted.

2.48% Month to Month Change in 6 Month Savings Average (previously -0.55%)

This number show the change in what we saved this month compared to the prior month, but on a 6 month rolling average. This helps to smooth out months over time and shows a more general trend.

4.22% of 6 Month Average Net Income Invested With Employer Contributions (previously 1.10%)

Same as the prior number, but with employer contributions counted.

FIRE Month Savings Progress Report for May 2021

black and white clean housework launderette

The kitchen project is in full swing. Nothing really has been done yet, but we’ve got a lot of the items purchased that we’ll need. My primary goal up to this point has been to purchase everything since procuring items hasn’t exactly been easy lately. Starting in June, we’ll start tearing the kitchen apart and trying to schedule as much work as we can over the following couple months so that we don’t try to do too much at one time.

Fortunately, the amount we’re saving month-to-month is increasing, even though our expenses for the time being are increasing. Granted the kitchen expenses are a short term increase in costs.

If you’re wondering what I use to record our numbers monthly, it’s Personal Capital. You can start using them too and we both get $20: https://pcap.rocks/adam4058

How did this affect us?

Quite a few expenses this month, but overall, short term until the kitchen is done. I think the majority of the kitchen costs are behind us now, but will still have a few more coming over June and July.

  • $2932 – Washer, dryer, and dishwasher
  • $2306 – Refrigerator
  • $2650 – Countertop deposit
  • $400 – Kitchen sink
  • $279 – Lighting
  • $213 – Trimmer/blower
  • $214 – Exhaust fan

The Money Related Numbers

Current and future value against Minimum FIRE Goal and 25x Expenses Goal

50.15% to target number (previously 49.22%)

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.

86 months (previously 87)

The number of months until my 45th birthday and our finish date.

54.91 months (previously 56.10)

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

10.01 times annual spending (previously 11.47)

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.

40.03% to minimum FIRE (previously 45.89%)

The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.

19.96 times annual spending at goal number (previously 23.31)

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.

How Much We Invested

4.64% Month to Month Change In How Much Saved (previously -0.68%)

This number shows the change in what we saved this month compared to the prior month in things like 401k, Roth IRA, taxable accounts, and Employee Stock Purchase Program.

5.46% Month to Month Change in How Much Saved With Employer Contributions (previously 8.83%)

Same as the prior number, but with employer contributions counted.

-0.55% Month to Month Change in 6 Month Savings Average (previously -0.38%)

This number show the change in what we saved this month compared to the prior month, but on a 6 month rolling average. This helps to smooth out months over time and shows a more general trend.

1.10% of 6 Month Average Net Income Invested With Employer Contributions (previously 1.30%)

Same as the prior number, but with employer contributions counted.

FIRE Progress Report for April 2021

interior of modern kitchen with counter

Spring is in full swing! We’re starting to plan out some different things we’d like to get done over the summer. We had previously been considering building a house this year, but with buildings costs at an all time high, and options for land in the area we’d like to build at a low, we decided to wait. Our daughters don’t have that much time until they’ll be out of school and then we’d no longer be locked into living in a certain area.

That being said, we decided to remodel our kitchen. This is the last room in the house that hasn’t gotten much TLC. This month we purchased cabinets so we would get them this summer. We had already saved up quite a bit for potential expenses with buying land or building, so we’re just reallocating that money towards the kitchen.

In addition, we had some normal expenses that come around this time of year… like taxes. Surprisingly though, our taxes were considerably less this year than in years past. We also paid someone to stay with our kids for a weekend so that we could go on a couples trip to Hocking Hills.

If you’re wondering what I use to record our numbers monthly, it’s Personal Capital. You can start using them too and we both get $20: https://pcap.rocks/adam4058

How did this affect us?

We’ll be making monthly payments for our oldest daughter’s Europe trip for about a year or so. This month it dropped a little because others have made contributions towards it. My annual life insurance bill also came due this month.

Due to the increased expenses of the kitchen remodel, you’re going to see our expense related numbers go in a negative direction. That’s despite the fact that our amount invested increased quite a bit this month.

  • Kitchen cabinets – $7980
  • Europe trip for daughter – $234
  • Federal taxes – $654
  • State taxes – $64
  • Life insurance – $440
  • Childcare – $200

The Money Related Numbers

Current and future value against Minimum FIRE Goal and 25x Expenses Goal

49.22% to target number (previously 46.40%)

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.

87 months (previously 88)

The number of months until my 45th birthday and our finish date.

56.10 months (previously 60.06)

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

11.47 times annual spending (previously 12.51)

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.

45.89% to minimum FIRE (previously 50.04%)

The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.

23.31 times annual spending at goal number (previously 26.96)

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.

How Much We Invested

-0.68% Month to Month Change In How Much Saved (previously -0.75%)

This number shows the change in what we saved this month compared to the prior month in things like 401k, Roth IRA, taxable accounts, and Employee Stock Purchase Program.

8.83% Month to Month Change in How Much Saved With Employer Contributions (previously -0.05%)

Same as the prior number, but with employer contributions counted.

-0.38% Month to Month Change in 6 Month Savings Average (previously 3.25%)

This number show the change in what we saved this month compared to the prior month, but on a 6 month rolling average. This helps to smooth out months over time and shows a more general trend.

1.30% of 6 Month Average Net Income Invested With Employer Contributions (previously 3.81%)

Same as the prior number, but with employer contributions counted.

FIRE Progress Report for March 2021

hungarian horntail dragon at universal studios

For Spring Break month, our investment related number are up, but our expense related number are down (because our expenses went up for the month). I think that primarily has to do with the fact that we spent more this March than last March.

We planned last minute to go to Universal Orlando for Spring Break. I had made a deal with each of my daughters that if they read through the Harry Potter series, we would go. My youngest has almost completed the task and we figured now was as good a time as any to go. We tried to price out a trip to Disney as well and it turned out that tickets to Disney cost about the same as tickets and a suite at Universal. We decided Universal was the way to go. Since last year’s travel was light due to the pandemic, we had some money saved up.

If you’re wondering what I use to record our numbers monthly, it’s Personal Capital. You can start using them too and we both get $20: https://pcap.rocks/adam4058

How did this affect us?

We’ll be making monthly payments for the Europe trip for about a year or so. We also had to pay to have our taxes done, and a little bit of work done on the vehicles.

  • Spring Break trip – $3011
  • Europe trip deposit for daughter – $284
  • Tax preparation – $300
  • Car work – $195

The Money Related Numbers

Current and future value against Minimum FIRE Goal and 25x Expenses Goal

46.40% to target number (previously 45.28%)

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.

88 months (previously 89)

The number of months until my 45th birthday and our finish date.

60.06 months (previously 62.38)

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

12.51 times annual spending (previously 12.56)

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.

50.04% to minimum FIRE (previously 50.23%)

The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.

26.96 times annual spending at goal number (previously 27.73)

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.

How Much We Invested

-0.75% Month to Month Change In How Much Saved (previously -21.72%)

This number shows the change in what we saved this month compared to the prior month in things like 401k, Roth IRA, taxable accounts, and Employee Stock Purchase Program.

-0.05% Month to Month Change in How Much Saved With Employer Contributions (previously -20.23%)

Same as the prior number, but with employer contributions counted.

3.25% Month to Month Change in 6 Month Savings Average (previously 1.19%)

This number show the change in what we saved this month compared to the prior month, but on a 6 month rolling average. This helps to smooth out months over time and shows a more general trend.

3.81% of 6 Month Average Net Income Invested With Employer Contributions (previously 1.70%)

Same as the prior number, but with employer contributions counted.

FIRE Progress Report for February 2021

heart shaped red neon signage

Most of our numbers this month are up, which is always a positive thing. One thing that is slightly down is our expenses. This year we’ve spent $27.65 less this year than we did February last year. That means that for the last 3 months, our expenses have been less than they where the prior year.

In addition, February appears to be the month each year that we tend to the spend the least. Obviously with low expenses, there really isn’t much to speak of for this month.

If you’re wondering what I use to record our numbers monthly, it’s Personal Capital. You can start using them too and we both get $20: https://pcap.rocks/adam4058

How did this affect us?

Nothing too crazy this month, even though there were a couple of extras purchased.

  • New phone – $267
  • Europe trip deposit for daughter – $95
  • AirBnB – $138

The Money Related Numbers

Current and future value against Minimum FIRE Goal and 25x Expenses Goal

45.28% to target number (previously 43.98%)

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.

89 months (previously 90)

The number of months until my 45th birthday and our finish date.

62.38 months (previously 64.61)

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

12.56 times annual spending (previously 12.19)

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.

50.23% to minimum FIRE (previously 48.76%)

The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.

27.73 times annual spending at goal number (previously 27.72)

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.

How Much We Invested

-21.72% Month to Month Change In How Much Saved (previously -22.76%)

This number shows the change in what we saved this month compared to the prior month in things like 401k, Roth IRA, taxable accounts, and Employee Stock Purchase Program.

-20.23% Month to Month Change in How Much Saved With Employer Contributions (previously -22.68%)

Same as the prior number, but with employer contributions counted.

1.19% Month to Month Change in 6 Month Savings Average (previously -1.04%)

This number show the change in what we saved this month compared to the prior month, but on a 6 month rolling average. This helps to smooth out months over time and shows a more general trend.

1.70% of 6 Month Average Net Income Invested With Employer Contributions (previously -1.46%)

Same as the prior number, but with employer contributions counted.

FIRE Progress Report for January 2021 (New Year Edition)

people toasting wine glasses

A new year, and a good time to reset some numbers. Our numbers changed significantly this month because I decided to remove the unvested RSUs (restricted stock units) until they vest. Technically, they’re not mine until they vest anyhow. They also cause our monthly numbers to vary widely from time to time.

In addition, my employer changed providers for the stock purchase program and RSUs to E*Trade. That’s fine, but it also means that my contributions that I make each paycheck no longer get added into my numbers. I won’t see them until shares are purchased twice a year.

One thing that moved us in a positive direction was the annual HSA employer contribution. All things considered, our numbers look like their down because it set us back 2-3 months from where we were before.

If you’re wondering what I use to track these numbers monthly, it’s Personal Capital. You can start using them too and we both get $20: https://pcap.rocks/adam4058

How did this affect us?

This month we had to pay property taxes, and for the second visit to have our plumbing issues resolved in December. Even with those things, our expenses were lower this January compared to 2020.

  • Property Taxes – $1097
  • Plumbing – $150

The Money Related Numbers

Current and future value against Minimum FIRE Goal and 25x Expenses Goal

43.98% to target number (previously 51.77%)

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.

90 months (previously 91)

The number of months until my 45th birthday and our finish date.

64.61 months (previously 53.09)

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

12.19 times annual spending (previously 14.25)

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.

48.76% to minimum FIRE (previously 56.99%)

The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.

27.72 times annual spending at goal number (previously 27.52)

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.

How Much We Invested

-22.76% Month to Month Change In How Much Saved (previously 54.56%)

This number shows the change in what we saved this month compared to the prior month in things like 401k, Roth IRA, taxable accounts, and Employee Stock Purchase Program.

-22.68% Month to Month Change in How Much Saved With Employer Contributions (previously 51.54%)

Same as the prior number, but with employer contributions counted.

-1.04% Month to Month Change in 6 Month Savings Average (previously 12.61%)

This number show the change in what we saved this month compared to the prior month, but on a 6 month rolling average. This helps to smooth out months over time and shows a more general trend.

-1.46% of 6 Month Average Net Income Invested With Employer Contributions (previously 10.93%)

Same as the prior number, but with employer contributions counted.

FIRE Progress Report for December 2020 (Christmas Edition)

Christmas this year was quite a bit different than those of the past (for obvious reasons). However, we made the best of it and was able to enjoy a laid back time with our immediate family. Fortunately, I think everyone got what they were hoping for. We even had a visit from Santa on Christmas Eve.

One interesting piece of information is that even with a car purchase, our expenses for this year were almost the same as 2019. That just goes to show that things may be leveling off when it comes to our annual expenses. This will make calculating the amount we need for FIRE much easier.

Numbers greatly improved this month. That was boosted by the markets increasing even more, 3 paychecks in one month, and a nice income from the side business.

How did this affect us?

Christmas was an obvious expense this year. Honestly, we probably spent more than usual on gifts, but I think everyone was happy with what they got and didn’t get a lot of items they won’t use.

We did have a plumbing issue we needed to get taken care of this month. In addition to that, we bought floor mats for the new Prius, spark plugs, and had the fluids changed. It should be quite a while before any additional work is needed on it.

  • Christmas
  • Floor Mats & Spark Plugs – $216
  • Fluid Changes- $432 (after discounts and gift cards)
  • Plumbing – $225

The Money Related Numbers

Current and future value against Minimum FIRE Goal and 25x Expenses Goal

51.77% to target number (previously 48.83%)

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.

91 months (previously 92)

The number of months until my 45th birthday and our finish date.

53.09 months (previously 59.45)

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

14.25 times annual spending (previously 13.19)

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.

56.99% to minimum FIRE (previously 52.78%)

The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.

27.52 times annual spending at goal number (previously 27.02)

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.

How Much We Invested

54.56% Month to Month Change In How Much Saved (previously 5.71%)

This number shows the change in what we saved this month compared to the prior month in things like 401k, Roth IRA, taxable accounts, and Employee Stock Purchase Program.

54.56% Month to Month Change in How Much Saved With Employer Contributions (previously 3.47%)

Same as the prior number, but with employer contributions counted.

12.61% Month to Month Change in 6 Month Savings Average (previously -7.75%)

This number show the change in what we saved this month compared to the prior month, but on a 6 month rolling average. This helps to smooth out months over time and shows a more general trend.

10.57% of 6 Month Average Net Income Invested With Employer Contributions (previously -8.96%)

Same as the prior number, but with employer contributions counted.