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 of 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#
Jan. 201519%21%
Jan. 201624%23%
Jan. 201736%34%We decide to pay off our mortgage at that moment
July 201739%28%With a house fully paid as well 🙂
Jan. 201842%36%
Mar. 201950%44%
July 201952%51%
Jan. 202056%61%
July 202060%70%
Aug. 202061%76%
Sept. 202061.8%77%
Oct. 202062.5%78.6%
Nov. 202063.1%81.2%
Dec. 202063.8%81.3%
Jan. 202164.5%81.4%
Feb. 202165.2%83%
Mar. 202165.8%75.8%
Apr. 202166.5%80.2%
May 202167.2%80%
June 202167.9%84.9%
July 202168.6%86.7%
Aug. 202169.3%93.7%
Sept. 202170%90.8%
Oct. 202170.7%90.3%
Nov. 202171.4%98%

(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.

In January 2021, I, Mel, began a sabbatical to test out Coast FI  where I plan to cover my share of our spending with part-time entrepreneurship. As such, it might be interesting for you to see the impact of this on the growth our individual investment portfolios.

History of the value of our individual portfolios in terms of % of our FI# reached since January 2021:

Month/YearMel Total Value of Investment in %FI#Mr.Mod Total Value of Investment in %FI#Note
Jan. 202168.2%88.3%Let the record show Mr.Mod is 3 years older and was a better saver when we met so he had a head start 😛
Feb. 202168.5%91%
Mar. 202161.6%84.2%
Apr. 202165.3%88.8%
May 202164.4%88.6%
June 202168.7%94.5%
July 202169.7%97.1%
Aug. 202174.8%105.5%Mr.Mod reached FIRE!!!🥳
Sept. 202172.1%102.5%
Oct. 202170.9%102.7%
Nov. 202176.5%111.9%

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*
2019$48,000 (US $35,057)$56,654 (US$44,130)
2020$60,000 (US $46,775)$64,572 (US$50,348)Included 10K for a one month stay in Mexico Jan.2020 + 6K of renovations

 All posts detailing progress updates: