Net worth update per
This is MoMoneyMoProblems'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 , my net worth was CAD 30,500 and my FI portfolio was CAD 39,000.
Net worth
CAD 30,500
FI portfolio
CAD 39,000
I am now 2.6% on my way to achive my FIRE target of CAD 1,500,000.
CAD 39,000 FIRE target: CAD 1,500,000
FI portfolio
My FI portfolio now consists of CAD 15,000 (38.5%) in investments, CAD 15,000 (38.5%) in retirement accounts, and CAD 9,000 (23.1%) in cash.
How much can I withdraw according to the 4%-rule?
If I quit working today, my monthly pay out would be CAD 130 for the rest of my life.
Retire today with (CAD)
When can I retire?
FI date
My age
38
I am currently aiming to save/invest
approximately CAD
4,500
each month.
Assuming an annual return of
6% on my investments and my retirement accounts, I
aim to reach my FIRE target
of CAD 1,500,000
in 9 years and 5 months,
in , and at that time I will be
38 years old.
By that time I will have invested/saved
another CAD 850,500,
while the rest will be return on my existing FI portfolio and the new
investments,
in total CAD
610,500