This is my first net worth update, hence it will be limited. Later updates will contain more details. Please check out my profile here for more information. As of 2020-05-16T00:00:00Z, my net worth was EUR 126,600 and my FI portfolio was EUR 41,000.
I am now 4.1% on my way to achive my FIRE target of EUR 1,000,000.
My FI portfolio now consists of EUR 30,500 (74.4%) in investments, EUR 10,000 (24.4%) in retirement accounts, and EUR 500 (1.2%) in cash.
If I quit working today, my monthly pay out would be EUR 136 for the rest of my life.
I am currently aiming to save/invest
approximately EUR 1,000
Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of EUR 1,000,000 in 24 years and 5 months, in 2044-11-16T00:00:00Z, and at that time I will be 56 years old.
By that time I will have invested/saved another EUR 294,000, while the rest will be return on my existing FI portfolio and the new investments, in total EUR 665,000