Abib 1 is the beginning of Year 32 of the 70th Jubilee cycle calculated from the time that the Israelites began the count for the first Jubilee cycle in 1386/1385 B.C.E. in the land of Kaanan. The event of the Exodus took place in 1439/1438 B.C.E., Abib 1 to Abib 1 reckoning. There are 18 years remaining until the 70th Jubilee Year, which occurs in the spring of 2045. For more information see The Sabbath and Jubilee Cycle.