This is my 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 2020-05-01T00:00:00Z, my net worth was SGD 1,510,695 and my FI portfolio was SGD 1,047,995.
I am now 26.2% on my way to achive my FIRE target of SGD 4,000,000.
My FI portfolio now consists of SGD 397,770 (38.0%) in investments, SGD 495,673 (47.3%) in retirement accounts, and SGD 154,552 (14.7%) in cash.
If I quit working today, my monthly pay out would be SGD 3,493 for the rest of my life.
I am currently aiming to save/invest
Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of SGD 4,000,000 in 9 years and 3 months, in 2030-01-01T00:00:00Z, and at that time I will be 48 years old.
By that time I will have invested/saved another SGD 1,450,000, while the rest will be return on my existing FI portfolio and the new investments, in total SGD 1,502,005