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Net worth update per



This is Chessines's #2 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 6,373,000 and my FI portfolio increased to NOK 3,413,000


Net worth

NOK 6,373,000

Since the last update on my net worth has increased with NOK 195,000 (+ 3.16 %).

FI portfolio

NOK 3,413,000

Since the last update on my FI portfolio has increased with NOK 358,000 (+ 11.72 %).

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 NOK.

I am now 28.4% on my way to achive my FIRE target of NOK 12,000,000. This is 3.0 percentage points closer, compared to the last net worth update.

NOK 3,413,000 FIRE target: NOK 12,000,000


28.4%


FI portfolio


My FI portfolio now consists of NOK 2,565,000 (75.2%) in investments, NOK 848,000 (24.8%) in retirement accounts, and NOK 0 (0.0%) in cash.

Investments

Since my last update, my investments increased with NOK 295,000 (13.0%), of which NOK 20,000 was from contributions, and NOK 557,000 was from returns.

Since I started tracking, my total contributions have been NOK 3,535,000, and my total return has been NOK 3,622,000.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 113,000 (15.37%), of which NOK 7,000 was from contributions , and NOK 74,000 was from returns.

Since I started tracking, my total contributions have been NOK 375,500, and my total return is NOK 748,500.




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


If I quit working today, my monthly pay out would be NOK 11,376 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
11,376/month
(4.0% SWR)
9,954/month
(3.5% SWR)
8,532/month
(3.0% SWR)


When can I retire?


FI date


My age

61

I am currently aiming to save/invest approximately NOK 7,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 12,000,000 in 9 years and 11 months, in , and at that time I will be 61 years old.

By that time I will have invested/saved another NOK 1,134,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 7,453,000


Financial independence forecast