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Net worth update per


This is MoMoneyMoProblems's #7 net worth update. Please check out my profile here for more information. As of , my net worth increased to CAD 140,800 and my FI portfolio increased to CAD 140,800


Net worth

CAD 140,800

Since the last update on my net worth has increased with CAD 9,300 (+ 7.07 %).

FI portfolio

CAD 140,800

Since the last update on my FI portfolio has increased with CAD 9,300 (+ 7.07 %).

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 4,000 -3,700 300
Investments 82,000 +7,800 89,800
Retirement acc 45,500 +5,200 50,700
Real estate 0 0 0
Other assets 0 0 0
Total assets 131,500 +9,300 140,800

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
Change
Cash 4,000 -3,700 300
Investments 49,000 +40,800 89,800
Retirement acc 29,000 +21,700 50,700
Real estate 0 0 0
Other assets 0 0 0
Total assets 82,000 +58,800 140,800

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
Change
Cash 9,000 -8,700 300
Investments 15,000 +74,800 89,800
Retirement acc 15,000 +35,700 50,700
Real estate 0 0 0
Other assets 0 0 0
Total assets 39,000 +101,800 140,800

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

I am now 9.4% on my way to achive my FIRE target of CAD 1,500,000. This is 0.6 percentage points closer, compared to the last net worth update.

CAD 140,800 FIRE target: CAD 1,500,000


9.4%

FI portfolio

My FI portfolio now consists of CAD 89,800 (63.8%) in investments, CAD 50,700 (36.0%) in retirement accounts, and CAD 300 (0.2%) in cash.

Investments

Since my last update, my investments increased with CAD 7,800 (9.51%).

Retirement accounts

Since my last update, my retirement accounts increased with CAD 5,200 (11.43%).




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

If I quit working today, my monthly pay out would be CAD 469 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
469/month
(4.0% SWR)
410/month
(3.5% SWR)
352/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 9 years and 6 months, in , and at that time I will be 38 years old.

By that time I will have invested/saved another CAD 756,000, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 603,200


Financial independence forecast