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Net worth update per


This is Chessines's #4 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 6,809,000 and my FI portfolio increased to NOK 3,714,000


Net worth

NOK 6,809,000

Since the last update on my net worth has increased with NOK 371,000 (+ 5.76 %).

FI portfolio

NOK 3,714,000

Since the last update on my FI portfolio has increased with NOK 253,000 (+ 7.31 %).

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.
Change
Cash 0 0 0
Investments 2,600,000 +242,000 2,842,000
Retirement acc 861,000 +11,000 872,000
Real estate 5,700,000 + 100,000 5,800,000
Other assets 0 0 0
Total assets 9,161,000 +353,000 9,514,000

Mortgage 2,356,000 -16,000 2,340,000
Other debt 367,000 -2,000 365,000
Total debt 2,723,000 -18,000 2,705,000
Change
Cash 50,000 -50,000 0
Investments 2,270,000 +572,000 2,842,000
Retirement acc 735,000 +137,000 872,000
Real estate 5,700,000 + 100,000 5,800,000
Other assets 180,000 -180,000 0
Total assets 8,935,000 +579,000 9,514,000

Mortgage 2,385,000 -45,000 2,340,000
Other debt 372,000 -7,000 365,000
Total debt 2,757,000 -52,000 2,705,000
Change
Cash 50,000 -50,000 0
Investments 2,270,000 +572,000 2,842,000
Retirement acc 735,000 +137,000 872,000
Real estate 5,700,000 + 100,000 5,800,000
Other assets 180,000 -180,000 0
Total assets 8,935,000 +579,000 9,514,000

Mortgage 2,385,000 -45,000 2,340,000
Other debt 372,000 -7,000 365,000
Total debt 2,757,000 -52,000 2,705,000

I am now 24.8% on my way to achive my FIRE target of NOK 15,000,000. This is 1.7 percentage points closer, compared to the last net worth update.

NOK 3,714,000 FIRE target: NOK 15,000,000


24.8%

FI portfolio

My FI portfolio now consists of NOK 2,842,000 (76.5%) in investments, NOK 872,000 (23.5%) in retirement accounts, and NOK 0 (0.0%) in cash.

Investments

Since my last update, my investments increased with NOK 242,000 (9.31%).

Since I started tracking, my total contributions have been NOK 3,535,000, and my total return has been NOK 4,253,000.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 11,000 (1.28%), of which NOK 7,000 was from contributions , and NOK 91,000 was from returns.

Since I started tracking, my total contributions have been NOK 382,500, and my total return is NOK 839,500.




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

If I quit working today, my monthly pay out would be NOK 12,380 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
12,380/month
(4.0% SWR)
10,832/month
(3.5% SWR)
9,285/month
(3.0% SWR)


When can I retire?

FI date

My age

63

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 15,000,000 in 11 years and 9 months, in , and at that time I will be 63 years old.

By that time I will have invested/saved another NOK 1,281,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 10,005,000


Financial independence forecast