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 2020-06-20T00:00:00Z, my net worth was AUD 642,922 and my FI portfolio was AUD 321,507.
I am now 21.4% on my way to achive my FIRE target of AUD 1,500,000.
My FI portfolio now consists of AUD 37,355 (11.6%) in investments, AUD 136,402 (42.4%) in retirement accounts, and AUD 147,750 (46.0%) in cash.
If I quit working today, my monthly pay out would be AUD 1,071 for the rest of my life.
I am currently aiming to save/invest
Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 1,500,000 in 6 years and 0 months, in 2028-06-20T00:00:00Z, and at that time I will be 50 years old.
By that time I will have invested/saved another AUD 768,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 410,493