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Net worth update per July 1st 2020


This is chinook's #18 net worth update. Please check out my profile here for more information. As of July 1st 2020, my net worth increased to GBP 295,055 and my FI portfolio increased to GBP 295,055


Net worth

GBP 295,055

Since the last update on June 3rd 2020 my net worth has increased with GBP 7,162 (+ 2.49 %).

FI portfolio

GBP 295,055

Since the last update on June 3rd 2020 my FI portfolio has increased with GBP 7,162 (+ 2.49 %).

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 GBP.
3 Jun 20 Change 1 Jul 20
Cash 98,500 +512 99,012
Investments 63,339 +1,184 64,523
Retirement acc 126,054 +5,466 131,520
Real estate 0 0 0
Other assets 0 0 0
Total assets 287,893 +7,162 295,055

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
31 Dec 19 Change 1 Jul 20
Cash 105,600 -6,588 99,012
Investments 33,855 +30,668 64,523
Retirement acc 119,387 +12,133 131,520
Real estate 0 0 0
Other assets 0 0 0
Total assets 258,842 +36,213 295,055

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
1 Feb 19 Change 1 Jul 20
Cash 100,000 -988 99,012
Investments 20,000 +44,523 64,523
Retirement acc 52,800 +78,720 131,520
Real estate 0 0 0
Other assets 0 0 0
Total assets 172,800 +122,255 295,055

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

I am now 29.5% on my way to achive my FIRE target of GBP 1,000,000. This is 0.7 percentage points closer, compared to the last net worth update.

GBP 295,055 FIRE target: GBP 1,000,000


29.5%

FI portfolio

My FI portfolio now consists of GBP 64,523 (21.9%) in investments, GBP 131,520 (44.6%) in retirement accounts, and GBP 99,012 (33.6%) in cash.

Investments

Since my last update, my investments increased with GBP 1,184 (1.87%), of which GBP 100 was from contributions, and GBP -13,738 was from returns.

Since I started tracking, my total contributions have been GBP 157,236, and my total return has been GBP 18,448.

Retirement accounts

Since my last update, my retirement accounts increased with GBP 5,466 (4.34%), of which GBP 3,841 was from contributions , and GBP -38,284 was from returns.

Since I started tracking, my total contributions have been GBP 349,928, and my total return is GBP 158,924.




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

If I quit working today, my monthly pay out would be GBP 983 for the rest of my life.


Monthly SWR amount
Retire today with (GBP)
983/month
(4.0% SWR)
860/month
(3.5% SWR)
737/month
(3.0% SWR)


When can I retire?

FI date

February 2028

My age

52

I am currently aiming to save/invest approximately GBP 5,000 each month.

Assuming an annual return of 6% on my investments and my retirement accounts, I aim to reach my FIRE target of GBP 1,000,000 in 2 years and 7 months, in February 2028, and at that time I will be 52 years old.

By that time I will have invested/saved another GBP 455,000, while the rest will be return on my existing FI portfolio and the new investments, in total GBP 249,945


Financial independence forecast