Reach FI

April 22, 2021: Totals

Thu, 22 Apr 2021 06:05:00 GMT

This is a small update to change from Contributions to Totals since I thought it would be helpful to include consumption and other totals for a more holistic breakdown and to aid in entering numbers in apps/tools outside ReachFI.

✨ Added:

You can now see your total consumption, taxes, and deductions for the year in the Totals area.

May 20, 2020: Contributions

Wed, 20 May 2020 06:05:00 GMT

Contributions

For awhile now I've wanted a quick way to see how I'm progressing during the year contributing to my various pre- and post-tax "buckets". Since there are IRS limits to each bucket (besides taxable brokerage), I typically have to tally up the amounts to see if I'm getting near the limits, which I have a separate Excel worksheet for. No longer! Well, almost.

The new Contributions feature breaks down your selected year(s) totals by account. At the moment, it does not let you adjust or set the limits since I'll need to build out all the logic and forms to determine your tax position (Single, MFJ, MFS, HOH, etc.) and track IRS limits. Once that is available, I want to show some nice progress graphics and information. However, I have memorized most of the limits so being able to see this at a glance is already valuable to me!

Note about Tax Year vs. Calendar Year

At the moment, the view displays the total of each account for the calendar year, not the tax year. Sorry! I hope to address this soon!

✨ Added:

Added new Contributions feature.

🐛 Fixed:

Fix years not sorting in descending order in picker

Nov 12, 2019: Time to FI

Tue, 12 Nov 2019 06:05:00 GMT

Time to FI

I've released a small update that adds the ability to project your time to financial independence. It is based on the Networthify early retirement calculator with some extra tweaks. Given an initial "stash" amount of your savings and your expected future expenses, it will estimate the time to reach FI with an expected return. It considers you FI when it covers your expenses by an extra 20%.

This is nowhere near as powerful as other projections but in future updates I'll be tieing into your savings a lot more, such as being able to track your net worth. I wanted to get something in your hands sooner rather than later because I kept having to use other tools to get a quick estimate.

I also plan to allow you to bucket into taxable, non-taxable, HSA, etc. with different expected returns, which is what my Excel worksheet can handle. This also does not take into account a target withdrawal rate. In other words, expect this to evolve over time!

✨ Added:

Added new Time to FI feature.

May 28, 2019: Maintenance Release

Tue, 28 May 2019 06:05:00 GMT

✨ Added:

Added ability to hide exact $ savings from Savings overview screen using toggle in Settings. Great for sharing screenshots of progress!

🐛 Fixed:

Fix June missing from months (and an extra January?!) 🤭

Apr 20, 2019: Maintenance Release

Sat, 20 Apr 2019 06:05:00 GMT

🐛 Fixed:

Fix target savings rate not showing up when viewing year

Mar 19, 2019: Yearly View of Savings

Wed, 20 Mar 2019 04:25:00 GMT

This release added the ability to view your savings year-over-year by selecting "All Years" in the the date chooser in the top right of the Savings screen:

This view provides a nice bird's eye view of your total savings to date, allowing you to jump into each year by selecting it in breakdown.

✨ Added:

Ability to view savings year-over-year

Mar 15, 2019: Dropbox Syncing Between Devices

Fri, 15 Mar 2019 19:20:00 GMT

Dropbox Syncing

This release brings a handy feature: the ability to sync your data across devices! I chose to use Dropbox for its ease-of-use and ability to use for free by anyone. I really wanted to get this feature released since I tend to use Reach FI on both my phone and PC.

Try It Out

You can configure Dropbox syncing by selecting the sync area in the bottom of the menu navigation:

Once you connect your Dropbox account, you can create "accounts" to store app data. You can have any number of accounts and name them as you want. You can switch between them anytime so it's a great way to organize by user or device or purpose.

The app will sync after any changes. If the device is offline, the sync is postponed but once you're online again, it'll resume. If there is a collision during a sync, your device's changes will override. You can manually sync by going to the Dropbox screen and selecting the Sync button at the top.

If want to leave feedback or have any issues, you can comment on the feature Trello card.

🐛 Fixed:

Fix meeting/exceeding goal not being detected correctly

Mar 3, 2019: Maintenance Release

Sun, 03 Mar 2019 06:05:00 GMT

🐛 Fixed:

Fix average savings rate calculation
Fix blank amount not registering as 0

Feb 20, 2019: Maintenance Release

Thu, 21 Feb 2019 03:33:00 GMT

Some post-release fixes went out today!

✨ Added:

Added RSS feed support

🐛 Fixed:

Fix issue with back button after finishing welcome screen
Fix issue with logo showing wrong font
Fix issue with pages not displaying proper title, image, or description when shared and transitions between pages weren't immediate
Fix issue with savings rate calculation displaying 0% when one of the major components is missing
Fix issue with not displaying Entire Year in time period dropdown when January was already added for that year

Initial release! 🎉

Tue, 19 Feb 2019 15:00:00 GMT

Welcome to the Reach FI app! I'm excited to start developing this out more. I wanted a way to easily track my savings rate over time and so I made this app to help others do the same. I'm hoping the FI community decides to help out by participating in my public roadmap!

What's available right now?

Track your savings rate over time

The most important feature was just simply tracking your savings rate over time. The app lets you enter your amounts for the time period (either by Entire Year or by month). You can modify the default time period line items in the Settings area.

Your rate will be tracked by month or if you entered a Entire Year period, that will override all your month information. This means, it's easy to add historical years or project future years if you want. During the year, you can track month-to-month but then "true it up" at the end of the year when you receive your W-2s/1099s/etc.

Set your savings rate goal

You can set your target goal in Settings but this will let you track how you're doing against your goal. I'd love to do more with this in the future! Right now it serves as a small amount of motivation when you launch the app.

Offline mode & phone home screen support

This initial release of the app supports offline mode, so all your data is stored on the device or web browser you're using. That means it doesn't offer syncing just yet though that's in the roadmap!

One important point: You can pin the app to your home screen!

Android: Chrome will prompt you to add Reach FI to your home screen.
iOS: Tap the "Share" icon and then "Add to Home Screen"

What's next?

I just wanted to get a basic idea out there to the community. I have some ideas on what to add but this is where you come in. You can participate in planning and ideas with me using my public roadmap tracker!