Net worth update per June 5th 2020
This is ASX10Bagger's 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 June 5th 2020, my net worth was AUD 774,000 and my FI portfolio was AUD 774,000.
Net worth
AUD 774,000
FI portfolio
AUD 774,000
I am now 51.6% on my way to achive my FIRE target of AUD 1,500,000.
AUD 774,000 FIRE target: AUD 1,500,000
FI portfolio
My FI portfolio now consists of AUD 620,000 (80.1%) in investments, AUD 132,000 (17.1%) in retirement accounts, and AUD 22,000 (2.8%) in cash.
How much can I withdraw according to the 4%-rule?
If I quit working today, my monthly pay out would be AUD 2,580 for the rest of my life.
Retire today with (AUD)
When can I retire?
FI date
December 2023
My age
42
I am currently aiming to save/invest
approximately AUD
8,333
each month.
Assuming an annual return of
10% on my investments and my retirement accounts, I
aim to reach my FIRE target
of AUD 1,500,000
in -1 years and -5 months,
in December 2023, and at that time I will be
42 years old.
By that time I will have invested/saved
another AUD 349,986,
while the rest will be return on my existing FI portfolio and the new
investments,
in total AUD
376,014