My progress to Financial Independence/Early Retirement

I’m well on my way to financial independence.

$1,000,000 in 10 years.

Except wait…

I’m missing my target for this month, and I missed it last month. At this rate I’ll be working until I’m 50!

That is considered “early retirement” for some. But I have a much more ambitious goal.

The actual journey is never as smooth and easy as the plan. I intend to track that journey right here. I want to keep myself accountable.

So when the stock market tanks and takes my portfolio with it, we can all see if I walk the walk as well as I talk the talk.

If you want to see how I came up with these numbers check out my investment strategy.

  • I get paid on the 15th of every month  or the closest business day before that date, so for practicality purposes, my end of month will be the day before work income payment.
  • My contribution to my portfolio also occurs on this last day of my payment month.
  • All numbers in nominal terms (not real terms) this is why my goal appears to be larger in this table than my original goal set out in my first blog post.
  • Contributions will be held in cash until a purchase of ETF’s or shares is made.

Pat the Shuffler

7 Replies to “My progress to Financial Independence/Early Retirement”

    1. Hey Voyager

      That’s not a bad idea if people are interested. Though it would have to be a short one, I have no idea how to make a full post out of it! I’ll have to give it a bit of thought, go through all the bank records etc, because sometimes I can’t even believe I saved that much in such a short time frame.

  1. Hi Patt! I’m interested how you math the Planned Total Net Worth out. Is it in googlesheet? Can you share it with us?

    1. Hey Jono,

      How I calculated my planned net worth can be found out from my post

      I used excel to create those graphs. I could share the sheet with you byt to be hones it is quite large, unwieldly and hard to follow. I think I am the only one who would be able to follow it because I created it, but I never thought about making it user friendly. It will need a bit of work before I share it.


  2. Hi Patt, just found your blog. Really interesting and inspiring as I am also in Australia, the same age as you and trying to RE. I was wondering what platforms/services you use to trade on stocks (you mentioned in your table that you made some good trades). I’ve found the choices to be rather limited in Australia.