Modest Millionaires Progress

Our goal is to reach financial independence by 2025 when we plan on having a total investment value allowing us to cover our expenses with a 4% withdrawal rate.

On this page you will find a short summary of our progress in terms of our investment value and our level of expenses, as well as all the links to posts detailing progress updates.

Brief history of the value or our investment and where we stand in comparison to our 2025 plan in terms of % of our FI# reached:

Month/YearObjective 2025 Plan in %FI#Actual Total Value of Investment in %FI#
Note
January 201519%21%
January 201624%23%
January 201736%34%We decide to pay off our mortgage at that moment
July 201739%28%With a house fully paid as well 🙂
January 201842%36%
January 201949%39%
March 201950%44%
July 201952%51%

(We do not include the value of our house in our investment assets)

Note: In May 2020 we decided to modify how we present this objective and we now share our progress in terms of % of our FI# reached.

History of our spending compared to our objectives:

YearSpending ObjectiveActual SpendingNotes
2015$45,000 (US$35,000)$44,321 (US$34,402)
2016$45,000 (US$35,000)$49,463 (US$38,393)
mid-2017$45,000 (US$35,000)*$54,975 (US$42,671)**Prediction based on spending up until July*
2017$45,000 (US$35,000)$55,959 (US$43,245)
2018$45,000 (US$35,000)$55,119 (US$42,000)
mid-2019$48,000 (US$36,300)*$50,601 (US$38,266)*Prediction based on spending up until July*

 All posts detailing progress updates: