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Net worth update per


This is Pilotmol's #54 net worth update. Please check out my profile here for more information. As of , my net worth decreased to DKK 6,942,000 and my FI portfolio decreased to DKK 5,232,000


Net worth

DKK 6,942,000

Since the last update on my net worth has decreased with DKK -111,000 ( -1.57 %).

FI portfolio

DKK 5,232,000

Since the last update on my FI portfolio has decreased with DKK -111,000 ( -2.08 %).

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 DKK.
Change
Cash 83,000 -41,000 42,000
Investments 1,210,000 -20,000 1,190,000
Retirement acc 4,050,000 -50,000 4,000,000
Real estate 3,630,000 0 3,630,000
Other assets 0 0 0
Total assets 8,973,000 -111,000 8,862,000

Mortgage 1,920,000 0 1,920,000
Other debt 0 0 0
Total debt 1,920,000 0 1,920,000
Change
Cash 48,931 -6,931 42,000
Investments 1,094,311 +95,689 1,190,000
Retirement acc 3,646,399 +353,601 4,000,000
Real estate 3,500,000 + 130,000 3,630,000
Other assets 0 0 0
Total assets 8,289,641 +572,359 8,862,000

Mortgage 1,920,000 0 1,920,000
Other debt 0 0 0
Total debt 1,920,000 0 1,920,000
Change
Cash 374,077 -332,077 42,000
Investments 0 +1,190,000 1,190,000
Retirement acc 2,179,400 +1,820,600 4,000,000
Real estate 2,690,000 + 940,000 3,630,000
Other assets 0 0 0
Total assets 5,243,477 +3,618,523 8,862,000

Mortgage 2,509,409 -589,409 1,920,000
Other debt 0 0 0
Total debt 2,509,409 -589,409 1,920,000

I am now 52.3% on my way to achive my FIRE target of DKK 10,000,000. This is -1.1 percentage points closer, compared to the last net worth update.

DKK 5,232,000 FIRE target: DKK 10,000,000


52.3%

FI portfolio

My FI portfolio now consists of DKK 1,190,000 (22.7%) in investments, DKK 4,000,000 (76.5%) in retirement accounts, and DKK 42,000 (0.8%) in cash.

Investments

Since my last update, my investments decreased with DKK -20,000 (-1.65%).

Since I started tracking, my total contributions have been DKK 126,258, and my total return has been DKK 1,158,742.

Retirement accounts

Since my last update, my retirement accounts decreased with DKK -50,000 (-1.23%).

Since I started tracking, my total contributions have been DKK 13,000, and my total return is DKK 2,307,600.




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

If I quit working today, my monthly pay out would be DKK 17,440 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
17,440/month
(4.0% SWR)
15,260/month
(3.5% SWR)
13,080/month
(3.0% SWR)


When can I retire?

FI date

My age

53

I am currently aiming to save/invest approximately DKK 40,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 10,000,000 in 4 years and 4 months, in , and at that time I will be 53 years old.

By that time I will have invested/saved another DKK 2,320,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 2,448,000


Financial independence forecast