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/Year | Objective 2025 Plan in %FI# | Actual Total Value of Investment in %FI# | Note |
|---|---|---|---|
| January 2015 | 19% | 21% | |
| January 2016 | 24% | 23% | |
| January 2017 | 36% | 34% | We decide to pay off our mortgage at that moment |
| July 2017 | 39% | 28% | With a house fully paid as well 🙂 |
| January 2018 | 42% | 36% | |
| January 2019 | 49% | 39% | |
| March 2019 | 50% | 44% | |
| July 2019 | 52% | 51% | |
| Jan 2020 | 56% | 61% | |
| July 2020 | 60% | 70% | |
| August 2020 | 61% | 76% | |
| September 2020 | 61.8% | 77% |
(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:
| Year | Spending Objective | Actual Spending | Notes |
|---|---|---|---|
| 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* |