January Savings Rate – 45.73%

I made $2733.20 in January and saved $1250 for a savings rate of 45.73%. That is a pretty good start to the year. I forgot to calculate my savings rate for December so I don’t have a last month comparison for this month. My savings rate in November so this month was obviously a lot better than that.

My SWR was 49.15% in November and has now decreased to 45.73%. That is a good move in the right direction, but I’ve got a long way to go. My goal is to get down to a 4% safe withdrawal rate. The 4% SWR translates into having 25x your annual expenses in savings or 300 months of expenses in savings. Once I reach that point I will consider myself financially independent. I now have 25.91 months of living expenses saved, compared to 24.41 months in November.

I should have another good month this month. My investments have gone up a bit this month, I’ll be able to add a fair amount to my savings, and I think I’ll keep my monthly expenses under $1000. Those three things together should add up to a nice improvement in my tracking numbers.

Leave a Reply