Net worth update per September 4th 2020
This is soreHawk3'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 28,000 and my FI portfolio was GBP 28,000.
Net worth
GBP 28,000
FI portfolio
GBP 28,000
I am now 2.8% on my way to achive my FIRE target of GBP 1,000,000.
GBP 28,000 FIRE target: GBP 1,000,000
FI portfolio
My FI portfolio now consists of GBP 7,000 (25.0%) in investments, GBP 6,000 (21.4%) in retirement accounts, and GBP 15,000 (53.6%) in cash.
How much can I withdraw according to the 4%-rule?
If I quit working today, my monthly pay out would be GBP 93 for the rest of my life.
Retire today with (GBP)
When can I retire?
FI date
September 2042
My age
50
I am currently aiming to save/invest
approximately GBP
900
each month.
Assuming an annual return of
10% on my investments and my retirement accounts, I
aim to reach my FIRE target
of GBP 1,000,000
in 17 years and 3 months,
in September 2042, and at that time I will be
50 years old.
By that time I will have invested/saved
another GBP 237,600,
while the rest will be return on my existing FI portfolio and the new
investments,
in total GBP
734,400