In line with a lot of others in the community, I share my progress on the road to FIRE. The date is planned in 2029 and with this post, you see some progress to this goal.
The end of August was an interesting period. The markets dropped about 10pct, there were rebounds, some more drops, resulting in a lot of volatility. Drafting the numbers one day sooner or later can have a big impact. The numbers are what they are, a snapshot of now, one stop on the journey to FI. These numbers are taken on Sept 5.
The august Savings Rate is less than we are used to. Our savings rate is supposed to be the same each month, as we pay ourselves first. It can go higher if there is windfall. But in August, it went lower. There was no windfall, and my wife got some equipment for her sewing hobby. Due to a misunderstanding in our account labelling (yes, that sounds nerdy), I decided to count is a desaving. The accounting bug has been fixed now.
Full SR YTD: 59pct (this includes mortgage payments and some other specific flows)
Revise SR YTD: 31,4pct (This are the pure flows towards investment accounts)
Amber index: progress towards 2029
We are down a few pct points this months, despite the investments in our index portfolio and other pensions savings plans. This is due to the market drop of August 24. There was a lot of volatility in the markets, so picking another moment would have given another result. But we are investing for the long run. After a few years, the actual date of this snapshot should not matter at all.
What is your progress?