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Net worth update per November 1st 2020


This is Scarlette's #3 net worth update. Please check out my profile here for more information. As of November 1st 2020, my net worth increased to AUD 1,521,807 and my FI portfolio increased to AUD 1,073,027


Net worth

AUD 1,521,807

Since the last update on October 1st 2020 my net worth has increased with AUD 10,042 (+ 0.66 %).

FI portfolio

AUD 1,073,027

Since the last update on October 1st 2020 my FI portfolio has increased with AUD 7,008 (+ 0.66 %).

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 AUD.
1 Oct 20 Change 1 Nov 20
Cash 82,776 +4,505 87,281
Investments 254,743 -6,398 248,345
Retirement acc 728,500 +8,901 737,401
Real estate 1,205,000 0 1,205,000
Other assets 0 0 0
Total assets 2,271,019 +7,008 2,278,027

Mortgage 759,254 -3,034 756,220
Other debt 0 0 0
Total debt 759,254 -3,034 756,220
2 Sep 20 Change 1 Nov 20
Cash 79,633 +7,648 87,281
Investments 265,933 -17,588 248,345
Retirement acc 731,184 +6,217 737,401
Real estate 1,205,000 0 1,205,000
Other assets 0 0 0
Total assets 2,281,750 -3,723 2,278,027

Mortgage 761,931 -5,711 756,220
Other debt 0 0 0
Total debt 761,931 -5,711 756,220
2 Sep 20 Change 1 Nov 20
Cash 79,633 +7,648 87,281
Investments 265,933 -17,588 248,345
Retirement acc 731,184 +6,217 737,401
Real estate 1,205,000 0 1,205,000
Other assets 0 0 0
Total assets 2,281,750 -3,723 2,278,027

Mortgage 761,931 -5,711 756,220
Other debt 0 0 0
Total debt 761,931 -5,711 756,220

I am now 25.2% on my way to achive my FIRE target of AUD 4,250,000. This is 0.2 percentage points closer, compared to the last net worth update.

AUD 1,073,027 FIRE target: AUD 4,250,000


25.2%

FI portfolio

My FI portfolio now consists of AUD 248,345 (23.1%) in investments, AUD 737,401 (68.7%) in retirement accounts, and AUD 87,281 (8.1%) in cash.

Investments

Since my last update, my investments decreased with AUD -6,398 (-2.51%).

Since I started tracking, my total contributions have been AUD 115,287, and my total return has been AUD 81,275.

Retirement accounts

Since my last update, my retirement accounts increased with AUD 8,901 (1.22%), of which AUD 3,300 was from contributions , and AUD 16,214 was from returns.

Since I started tracking, my total contributions have been AUD 63,022, and my total return is AUD 181,414.




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

If I quit working today, my monthly pay out would be AUD 3,576 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
3,576/month
(4.0% SWR)
3,129/month
(3.5% SWR)
2,682/month
(3.0% SWR)


When can I retire?

FI date

May 2034

My age

53

I am currently aiming to save/invest approximately AUD 6,033 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 4,250,000 in 8 years and 11 months, in May 2034, and at that time I will be 53 years old.

By that time I will have invested/saved another AUD 977,346, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 2,199,627


Financial independence forecast