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Net worth update per



This is dankykang'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 , my net worth was CAD 105,000 and my FI portfolio was CAD 105,000.


Net worth

CAD 105,000

FI portfolio

CAD 105,000

I am now 14.0% on my way to achive my FIRE target of CAD 750,000.

CAD 105,000 FIRE target: CAD 750,000


14.0%

FI portfolio


My FI portfolio now consists of CAD 50,000 (47.6%) in investments, CAD 50,000 (47.6%) in retirement accounts, and CAD 5,000 (4.8%) in cash.




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



If I quit working today, my monthly pay out would be CAD 350 for the rest of my life.

Retire today with (CAD)
350/month
(4.0% SWR)
306/month
(3.5% SWR)
262/month
(3.0% SWR)


When can I retire?


FI date


My age

38

I am currently aiming to save/invest approximately CAD 3,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 750,000 in 4 years and 1 months, in , and at that time I will be 38 years old.

By that time I will have invested/saved another CAD 318,000, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 327,000


Financial independence forecast