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Net worth update per


This is canadianfiguy's #7 net worth update. Please check out my profile here for more information. As of , my net worth increased to CAD 169,316 and my FI portfolio increased to CAD 94,478


Net worth

CAD 169,316

Since the last update on my net worth has increased with CAD 12,403 (+ 7.9 %).

FI portfolio

CAD 94,478

Since the last update on my FI portfolio has increased with CAD 16,565 (+ 21.26 %).

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 4,434 -97 4,337
Investments 0 0 0
Retirement acc 73,479 +16,662 90,141
Real estate 310,000 0 310,000
Other assets 9,000 0 9,000
Total assets 396,913 +16,565 413,478

Mortgage 240,000 4,162 244,162
Other debt 0 0 0
Total debt 240,000 4,162 244,162
Change
Cash 2,949 +1,388 4,337
Investments 0 0 0
Retirement acc 82,993 +7,148 90,141
Real estate 310,000 0 310,000
Other assets 9,000 0 9,000
Total assets 404,942 +8,536 413,478

Mortgage 240,000 4,162 244,162
Other debt 0 0 0
Total debt 240,000 4,162 244,162
Change
Cash 600 +3,737 4,337
Investments 2,300 -2,300 0
Retirement acc 75,000 +15,141 90,141
Real estate 310,000 0 310,000
Other assets 10,000 -1,000 9,000
Total assets 397,900 +15,578 413,478

Mortgage 240,000 4,162 244,162
Other debt 0 0 0
Total debt 240,000 + 4,162 244,162

I am now 13.5% on my way to achive my FIRE target of CAD 700,000. This is 2.4 percentage points closer, compared to the last net worth update.

CAD 94,478 FIRE target: CAD 700,000


13.5%

FI portfolio

My FI portfolio now consists of CAD 90,141 (95.4%) in retirement accounts, and CAD 4,337 (4.6%) in cash.

Investments

Since my last update, my investments decreased with CAD 0 (0%).

Since I started tracking, my total contributions have been CAD 20,425, and my total return has been CAD -1,890.

Retirement accounts

Since my last update, my retirement accounts increased with CAD 16,662 (22.68%), of which CAD 2,555 was from contributions , and CAD 2,765 was from returns.

Since I started tracking, my total contributions have been CAD 57,786, and my total return is CAD 45,274.




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

If I quit working today, my monthly pay out would be CAD 314 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
314/month
(4.0% SWR)
275/month
(3.5% SWR)
236/month
(3.0% SWR)


When can I retire?

FI date

My age

51

I am currently aiming to save/invest approximately CAD 2,360 each month.

Assuming an annual return of 6% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 700,000 in 8 years and 2 months, in , and at that time I will be 51 years old.

By that time I will have invested/saved another CAD 344,560, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 260,962


Financial independence forecast