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Net worth update per June 17th 2020


This is goal_oriented's #18 net worth update. Please check out my profile here for more information. As of June 17th 2020, my net worth increased to CAD 147,600 and my FI portfolio increased to CAD 147,600


Net worth

CAD 147,600

Since the last update on June 1st 2020 my net worth has increased with CAD 3,500 (+ 2.43 %).

FI portfolio

CAD 147,600

Since the last update on June 1st 2020 my FI portfolio has increased with CAD 3,500 (+ 2.43 %).

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.
1 Jun 20 Change 17 Jun 20
Cash 8,200 0 8,200
Investments 57,300 +2,400 59,700
Retirement acc 78,600 +1,100 79,700
Real estate 0 0 0
Other assets 0 0 0
Total assets 144,100 +3,500 147,600

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
31 Dec 19 Change 17 Jun 20
Cash 8,000 +200 8,200
Investments 53,200 +6,500 59,700
Retirement acc 72,300 +7,400 79,700
Real estate 0 0 0
Other assets 0 0 0
Total assets 133,500 +14,100 147,600

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
23 Aug 19 Change 17 Jun 20
Cash 7,000 +1,200 8,200
Investments 35,000 +24,700 59,700
Retirement acc 60,000 +19,700 79,700
Real estate 0 0 0
Other assets 0 0 0
Total assets 102,000 +45,600 147,600

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

I am now 10.5% on my way to achive my FIRE target of CAD 1,400,000. This is 0.2 percentage points closer, compared to the last net worth update.

CAD 147,600 FIRE target: CAD 1,400,000


10.5%

FI portfolio

My FI portfolio now consists of CAD 59,700 (40.4%) in investments, CAD 79,700 (54.0%) in retirement accounts, and CAD 8,200 (5.6%) in cash.

Investments

Since my last update, my investments increased with CAD 2,400 (4.19%), of which CAD 34,500 was from contributions, and CAD -2,500 was from returns.

Since I started tracking, my total contributions have been CAD 217,367, and my total return has been CAD 317,133.

Retirement accounts

Since my last update, my retirement accounts increased with CAD 1,100 (1.4%).

Since I started tracking, my total contributions have been CAD 126,832, and my total return is CAD 56,268.




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

If I quit working today, my monthly pay out would be CAD 492 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
492/month
(4.0% SWR)
430/month
(3.5% SWR)
369/month
(3.0% SWR)


When can I retire?

FI date

January 2024

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 -4 months, in January 2024, 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 177,400


Financial independence forecast