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Net worth update per


This is MoMoneyMoProblems's #6 net worth update. Please check out my profile here for more information. As of , my net worth increased to CAD 131,500 and my FI portfolio increased to CAD 131,500


Net worth

CAD 131,500

Since the last update on my net worth has increased with CAD 32,250 (+ 32.49 %).

FI portfolio

CAD 131,500

Since the last update on my FI portfolio has increased with CAD 32,250 (+ 32.49 %).

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 CAD.
Change
Cash 3,000 +1,000 4,000
Investments 61,500 +20,500 82,000
Retirement acc 34,750 +10,750 45,500
Real estate 0 0 0
Other assets 0 0 0
Total assets 99,250 +32,250 131,500

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
Change
Cash 4,000 0 4,000
Investments 49,000 +33,000 82,000
Retirement acc 29,000 +16,500 45,500
Real estate 0 0 0
Other assets 0 0 0
Total assets 82,000 +49,500 131,500

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
Change
Cash 9,000 -5,000 4,000
Investments 15,000 +67,000 82,000
Retirement acc 15,000 +30,500 45,500
Real estate 0 0 0
Other assets 0 0 0
Total assets 39,000 +92,500 131,500

Mortgage 0 0 0
Other debt 8,500 -8,500 0
Total debt 8,500 -8,500 0

I am now 8.8% on my way to achive my FIRE target of CAD 1,500,000. This is 2.2 percentage points closer, compared to the last net worth update.

CAD 131,500 FIRE target: CAD 1,500,000


8.8%

FI portfolio

My FI portfolio now consists of CAD 82,000 (62.4%) in investments, CAD 45,500 (34.6%) in retirement accounts, and CAD 4,000 (3.0%) in cash.

Investments

Since my last update, my investments increased with CAD 20,500 (33.33%).

Retirement accounts

Since my last update, my retirement accounts increased with CAD 10,750 (30.94%).




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

If I quit working today, my monthly pay out would be CAD 438 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
438/month
(4.0% SWR)
383/month
(3.5% SWR)
328/month
(3.0% SWR)


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 10 years and 8 months, in , and at that time I will be 38 years old.

By that time I will have invested/saved another CAD 765,000, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 603,500


Financial independence forecast