Progress Report (Pandemic Edition, Part 3 and hopefully the last)
What Happened and What Is Happening
As the economy and markets have been improving, you’ll see an significant increase in our numbers. Our expenses in May were down 4.39% from 2019. During this month, we still had a few expenses that we normally wouldn’t have. this included tires for the Prius (which has over 275k miles on it now) and some other maintenance, outdoor flowers, and graduation gifts.
Our numbers were affected positively by the inclusion of some stock awards I was given at work that weren’t previously being pulled in by software I use. It finally started pulling them in when they fixed another issue for me. The stock awards are essentially given to you one time, but you can only get a quarter of them every year for 4 years. If I leave, I forfeit what hasn’t converted.
Every 6 months, the employee stock purchase program does it’s stock purchase. That also happened this month. That combined with some good income from Adro Solutions and you’ll the investment numbers be unusually high this month.
How did this affect us?
March to April was a significant improvement in the numbers, but April to May saw an even larger boost. The markets continue to boost the numbers, and the addition of the stock awards made a huge boost to our numbers.
As for the expenses we had this month:
- Flowers – $160
- Tires, Alignment, Oil Change – $600
- Graduation Gifts – $240
The Money Related Numbers
34.80% to target number (previously 29.83%)
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.
98 months (previously 99)
The number of months until my 45th birthday and our finish date.
78.07 months (previously 89.43)
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
10.54 times annual spending (previously 9.01)
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.
42.16% to minimum FIRE (previously 36.03%)
The minimum number to achieve FIRE is 25 times our annual spending. This number shows how close we are to the absolute minimum.
30.29 times annual spending at goal number (previously 30.20)
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
60.28% of Gross Income Invested
The amount we invested in things like 401k, Roth IRA, taxable accounts, and Employee Stock Purchase Program divided by income from our main employment.
74.91% of Net Income Invested
The amount we invested in things like 401k, Roth IRA, taxable accounts, and Employee Stock Purchase Program divided by income from our main employment, but with taxes subtracted.
64.27% of Gross Income Invested with Employer Contributions
The amount we invested in things like 401k including employer contributions, Roth IRA, taxable accounts, and Employee Stock Purchase Program divided by income from our main employment.
79.87% of Net Income Invested With Employer Contributions
The amount we invested in things like 401k including employer contributions, Roth IRA, taxable accounts, and Employee Stock Purchase Program divided by income from our main employment, but with taxes subtracted.