7yrs after Fire, i'm still not calc what my inflation adjusted expenses # is

[FIREin2018]

When i Fired using the 4% Rule, i think i used 1.2x my expenses.

7yrs later, my expenses have gone up more than 20% but i'm not taking inflation into account.
But i  have more $ now than when i Fired because of the hot stock market.

I figured as long as i'm above that, i'm fine.
Are you comparing your current expenses with your original when you Fired?

is there an easy way for me to calc that besides looking up inflation for each year?

[NotJen]

It takes about 1 minute to add to my spreadsheet each year.  In the time you took to type this post, you could have all 7 years of data.

My Google search: “33000 in 2019 worth in 2024”.

[FIREin2018]

It takes about 1 minute to add to my spreadsheet each year.  In the time you took to type this post, you could have all 7 years of data.

My Google search: “33000 in 2019 worth in 2024”.

oh wow.. i've never  used google in that way before. thx!

[mistymoney]

I use https://www.in2013dollars.com/us/inflation/2013?amount=1

[bmjohnson35]

I did this last month myself at my 5 year mark.  Fortunately, we haven't needed to withdraw anywhere near 4% of our starting net worth.  Our network growth has also beaten inflation. It's prudent to keep track of inflation impact as well.

Here is another link to use:  https://www.calculator.net/inflation-calculator.html?cstartingamount1=1219000&cinmonth1=11&cinyear1=2019&coutmonth1=11&coutyear1=2024&calctype=1&x=Calculate#uscpi

[secondcor521]

My official plan is to retire again and again (See the original idea at https://retireearlyhomepage.com/popr.html).

If you follow that approach, then you only need to know inflation since your most recent reset year.

I don't follow my official plan any more, though.  Over the past decade, my measured personal inflation rate has been 0.3%, and my FIRE stash CAGR has been 13.6%.

[Rdy2Fire]

7yrs later, my expenses have gone up more than 20% but i'm not taking inflation into account.
But i  have more $ now than when i Fired because of the hot stock market.

^^ This... I have not done any kind of recalculating as in 6 yrs, based on investments and markets I gained 75%+ (up until last 6 weeks)

[Ron Scott]

I retired in 2017 and never spent 1 minute thinking about inflation. When i worked i never spent a minute thinking about the “required” size of my retirement portfolio. Finally, i believe less in an “average rate of return” than i do in the trinity or 10 commandments—and I’m an atheist.

I simply live below my means as I always have and trust that if things get so bad in investing that a 60-40 portfolio doesn't keep pace with inflation over the long term that politicians will be under intense pressure to fix it and will do so.

The rest is noise and silly talk. And life is more about living as frugally as you can, so you can save as fast as you can, so you can retire as early as you can, and then spend as much as you can.