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Net worth update per October 31st 2020


This is TwentyTurtles's #11 net worth update. Please check out my profile here for more information. As of October 31st 2020, my net worth decreased to GBP 619,045 and my FI portfolio decreased to GBP 611,573


Net worth

GBP 619,045

Since the last update on September 30th 2020 my net worth has decreased with GBP -3,755 ( -0.6 %).

FI portfolio

GBP 611,573

Since the last update on September 30th 2020 my FI portfolio has decreased with GBP -6,427 ( -1.04 %).

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 GBP.
30 Sep 20 Change 31 Oct 20
Cash 268,000 +34,474 302,474
Investments 237,000 -39,000 198,000
Retirement acc 113,000 -1,901 111,099
Real estate 0 0 0
Other assets 4,800 + 2,672 7,472
Total assets 622,800 -3,755 619,045

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
1 Dec 19 Change 31 Oct 20
Cash 105,042 +197,432 302,474
Investments 332,297 -134,297 198,000
Retirement acc 69,435 +41,664 111,099
Real estate 0 0 0
Other assets 0 + 7,472 7,472
Total assets 506,774 +112,271 619,045

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
1 Sep 19 Change 31 Oct 20
Cash 97,966 +204,508 302,474
Investments 330,217 -132,217 198,000
Retirement acc 65,100 +45,999 111,099
Real estate 0 0 0
Other assets 0 + 7,472 7,472
Total assets 493,283 +125,762 619,045

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0

I am now 43.7% on my way to achive my FIRE target of GBP 1,400,000. This is -0.5 percentage points closer, compared to the last net worth update.

GBP 611,573 FIRE target: GBP 1,400,000


43.7%

FI portfolio

My FI portfolio now consists of GBP 198,000 (32.4%) in investments, GBP 111,099 (18.2%) in retirement accounts, and GBP 302,474 (49.5%) in cash.

Investments

Since my last update, my investments decreased with GBP -39,000 (-16.46%), of which GBP 60,083 was from contributions, and GBP 165,235 was from returns.

Retirement accounts

Since my last update, my retirement accounts decreased with GBP -1,901 (-1.68%), of which GBP 39,390 was from contributions , and GBP 95,129 was from returns.

Since I started tracking, my total contributions have been GBP 68,824, and my total return is GBP 110,595.




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

If I quit working today, my monthly pay out would be GBP 2,038 for the rest of my life.


Monthly SWR amount
Retire today with (GBP)
2,038/month
(4.0% SWR)
1,783/month
(3.5% SWR)
1,528/month
(3.0% SWR)


When can I retire?

FI date

November 2029

My age

39

I am currently aiming to save/invest approximately GBP 3,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of GBP 1,400,000 in 4 years and 6 months, in November 2029, and at that time I will be 39 years old.

By that time I will have invested/saved another GBP 327,000, while the rest will be return on my existing FI portfolio and the new investments, in total GBP 461,427


Financial independence forecast