This is Chessines'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 2020-07-25T00:00:00Z, my net worth was NOK 6,178,000 and my FI portfolio was NOK 3,055,000.
I am now 27.8% on my way to achive my FIRE target of NOK 11,000,000.
My FI portfolio now consists of NOK 2,270,000 (74.3%) in investments, NOK 735,000 (24.1%) in retirement accounts, and NOK 50,000 (1.6%) in cash.
If I quit working today, my monthly pay out would be NOK 10,183 for the rest of my life.
I am currently aiming to save/invest
Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 11,000,000 in 4 years and 10 months, in 2028-02-25T00:00:00Z, and at that time I will be 55 years old.
By that time I will have invested/saved another NOK 4,004,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 3,941,000