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Net worth update per


This is MoMoneyMoProblems's #23 net worth update. Please check out my profile here for more information. As of , my net worth increased to CAD 437,885 and my FI portfolio increased to CAD 258,270


Net worth

CAD 437,885

Since the last update on my net worth has increased with CAD 57,785 (+ 15.2 %).

FI portfolio

CAD 258,270

Since the last update on my FI portfolio has increased with CAD 38,170 (+ 17.34 %).

The per-day change in net worth between the reported periods are shown in the plot below.


And the development and changes between each net worth reporting is shown in the tables below.

Net worth
FI portfolio

The changes for each asset class is shown in the table below. All numbers are in CAD.
Change
Cash 14,000 -3,100 10,900
Investments 64,350 +13,720 78,070
Retirement acc 141,750 +27,550 169,300
Real estate 312,000 + 11,560 323,560
Other assets 0 0 0
Total assets 532,100 +49,730 581,830

Mortgage 148,000 -5,555 142,445
Other debt 4,000 -2,500 1,500
Total debt 152,000 -8,055 143,945
Change
Cash 14,000 -3,100 10,900
Investments 64,350 +13,720 78,070
Retirement acc 141,750 +27,550 169,300
Real estate 312,000 + 11,560 323,560
Other assets 0 0 0
Total assets 532,100 +49,730 581,830

Mortgage 148,000 -5,555 142,445
Other debt 4,000 -2,500 1,500
Total debt 152,000 -8,055 143,945
Change
Cash 9,000 +1,900 10,900
Investments 15,000 +63,070 78,070
Retirement acc 15,000 +154,300 169,300
Real estate 0 + 323,560 323,560
Other assets 0 0 0
Total assets 39,000 +542,830 581,830

Mortgage 0 142,445 142,445
Other debt 8,500 -7,000 1,500
Total debt 8,500 + 135,445 143,945

I am now 17.2% on my way to achive my FIRE target of CAD 1,500,000. This is 2.5 percentage points closer, compared to the last net worth update.

CAD 258,270 FIRE target: CAD 1,500,000


17.2%

FI portfolio

My FI portfolio now consists of CAD 78,070 (30.2%) in investments, CAD 169,300 (65.6%) in retirement accounts, and CAD 10,900 (4.2%) in cash.

Investments

Since my last update, my investments increased with CAD 13,720 (21.32%).

Retirement accounts

Since my last update, my retirement accounts increased with CAD 27,550 (19.44%).




How much can I withdraw according to the 4%-rule?

If I quit working today, my monthly pay out would be CAD 860 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
860/month
(4.0% SWR)
753/month
(3.5% SWR)
645/month
(3.0% SWR)


When can I retire?

FI date

My age

40

I am currently aiming to save/invest approximately CAD 4,500 each month.

Assuming an annual return of 6% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 1,500,000 in 11 years and 7 months, in , and at that time I will be 40 years old.

By that time I will have invested/saved another CAD 661,500, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 580,230


Financial independence forecast