Fireleap.com is a net worth tracking app that let's everyone track their finances in public. Sign up to join us!

Net worth update per May 16th 2020


This is goal_oriented's #16 net worth update. Please check out my profile here for more information. As of May 16th 2020, my net worth increased to CAD 141,400 and my FI portfolio increased to CAD 141,400


Net worth

CAD 141,400

Since the last update on March 31st 2020 my net worth has increased with CAD 14,500 (+ 11.43 %).

FI portfolio

CAD 141,400

Since the last update on March 31st 2020 my FI portfolio has increased with CAD 14,500 (+ 11.43 %).

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.
31 Mar 20 Change 16 May 20
Cash 8,200 0 8,200
Investments 49,300 +6,200 55,500
Retirement acc 69,400 +8,300 77,700
Real estate 0 0 0
Other assets 0 0 0
Total assets 126,900 +14,500 141,400

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
31 Dec 19 Change 16 May 20
Cash 8,000 +200 8,200
Investments 53,200 +2,300 55,500
Retirement acc 72,300 +5,400 77,700
Real estate 0 0 0
Other assets 0 0 0
Total assets 133,500 +7,900 141,400

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
23 Aug 19 Change 16 May 20
Cash 7,000 +1,200 8,200
Investments 35,000 +20,500 55,500
Retirement acc 60,000 +17,700 77,700
Real estate 0 0 0
Other assets 0 0 0
Total assets 102,000 +39,400 141,400

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0

I am now 10.1% on my way to achive my FIRE target of CAD 1,400,000. This is 1.0 percentage points closer, compared to the last net worth update.

CAD 141,400 FIRE target: CAD 1,400,000


10.1%

FI portfolio

My FI portfolio now consists of CAD 55,500 (39.3%) in investments, CAD 77,700 (55.0%) in retirement accounts, and CAD 8,200 (5.8%) in cash.

Investments

Since my last update, my investments increased with CAD 6,200 (12.58%).

Since I started tracking, my total contributions have been CAD 182,867, and my total return has been CAD 319,633.

Retirement accounts

Since my last update, my retirement accounts increased with CAD 8,300 (11.96%).

Since I started tracking, my total contributions have been CAD 126,832, and my total return is CAD 56,668.




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

If I quit working today, my monthly pay out would be CAD 471 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
471/month
(4.0% SWR)
412/month
(3.5% SWR)
353/month
(3.0% SWR)


When can I retire?

FI date

December 2023

My age

31

I am currently aiming to save/invest approximately CAD 25,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 1,400,000 in -1 years and -5 months, in December 2023, and at that time I will be 31 years old.

By that time I will have invested/saved another CAD 1,075,000, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 183,600


Financial independence forecast