A method of determining the amount of travel of a rotating component that includes a rotor shaft includes providing a self-contained magnetically-powered encoder. The encoder includes an encoder rotor that extends outward from a sealed housing such that a clearance gap is defined between the rotor and housing. The method also includes rotatably coupling the encoder to the rotor shaft. The method further includes measuring a first position of the encoder rotor and determining a first rotational position measurement of the rotor shaft based on the encoder rotor. The method also includes rotating the rotor shaft to a second rotational position and determining a direction of rotation and a second rotational position measurement of the rotor shaft using the encoder. The method further includes determining a total rotational distance traveled by the rotor shaft between the first rotational position and the second rotational position.