Net worth update per September 4th 2020
This is Hamodder'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 September 4th 2020, my net worth was GBP 9,000 and my FI portfolio was GBP 9,000.
Net worth
GBP 9,000
FI portfolio
GBP 9,000
I am now 0.2% on my way to achive my FIRE target of GBP 5,000,000.
GBP 9,000 FIRE target: GBP 5,000,000
FI portfolio
My FI portfolio now consists of GBP 4,500 (50.0%) in investments, and GBP 4,500 (50.0%) in cash.
How much can I withdraw according to the 4%-rule?
If I quit working today, my monthly pay out would be GBP 30 for the rest of my life.
Retire today with (GBP)
When can I retire?
FI date
November 2059
My age
61
I am currently aiming to save/invest
approximately GBP
1,500
each month.
Assuming an annual return of
8% on my investments and my retirement accounts, I
aim to reach my FIRE target
of GBP 5,000,000
in 34 years and 4 months,
in November 2059, and at that time I will be
61 years old.
By that time I will have invested/saved
another GBP 705,000,
while the rest will be return on my existing FI portfolio and the new
investments,
in total GBP
4,286,000