Net worth update per April 23rd 2020
This is alexfinance12'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 April 23rd 2020, my net worth was GBP 56,211 and my FI portfolio was GBP 56,576.
Net worth
GBP 56,211
FI portfolio
GBP 56,576
I am now 2.3% on my way to achive my FIRE target of GBP 2,500,000.
GBP 56,576 FIRE target: GBP 2,500,000
FI portfolio
My FI portfolio now consists of GBP 33,862 (59.9%) in investments, GBP 9,050 (16.0%) in retirement accounts, and GBP 13,664 (24.2%) in cash.
How much can I withdraw according to the 4%-rule?
If I quit working today, my monthly pay out would be GBP 188 for the rest of my life.
Retire today with (GBP)
When can I retire?
FI date
October 2043
My age
49
I am currently aiming to save/invest
approximately GBP
1,800
each month.
Assuming an annual return of
10% on my investments and my retirement accounts, I
aim to reach my FIRE target
of GBP 2,500,000
in 18 years and 3 months,
in October 2043, and at that time I will be
49 years old.
By that time I will have invested/saved
another GBP 507,600,
while the rest will be return on my existing FI portfolio and the new
investments,
in total GBP
1,935,824