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This is Jols's #2 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 1,540,454 and my FI portfolio increased to NOK 844,573


Net worth

NOK 1,540,454

Since the last update on my net worth has increased with NOK 14,525 (+ 0.95 %).

FI portfolio

NOK 844,573

Since the last update on my FI portfolio has increased with NOK 7,463 (+ 0.89 %).

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 NOK.
Change
Cash 200,000 +5,000 205,000
Investments 521,625 -372 521,253
Retirement acc 115,485 +2,835 118,320
Real estate 2,400,000 0 2,400,000
Other assets 150,000 0 150,000
Total assets 3,387,110 +7,463 3,394,573

Mortgage 1,646,630 -4,062 1,642,568
Other debt 214,551 -3,000 211,551
Total debt 1,861,181 -7,062 1,854,119
Change
Cash 200,000 +5,000 205,000
Investments 521,625 -372 521,253
Retirement acc 115,485 +2,835 118,320
Real estate 2,400,000 0 2,400,000
Other assets 150,000 0 150,000
Total assets 3,387,110 +7,463 3,394,573

Mortgage 1,646,630 -4,062 1,642,568
Other debt 214,551 -3,000 211,551
Total debt 1,861,181 -7,062 1,854,119
Change
Cash 200,000 +5,000 205,000
Investments 521,625 -372 521,253
Retirement acc 115,485 +2,835 118,320
Real estate 2,400,000 0 2,400,000
Other assets 150,000 0 150,000
Total assets 3,387,110 +7,463 3,394,573

Mortgage 1,646,630 -4,062 1,642,568
Other debt 214,551 -3,000 211,551
Total debt 1,861,181 -7,062 1,854,119

I am now 4.2% on my way to achive my FIRE target of NOK 20,000,000. This is 0.0 percentage points closer, compared to the last net worth update.

NOK 844,573 FIRE target: NOK 20,000,000


4.2%

FI portfolio

My FI portfolio now consists of NOK 521,253 (61.7%) in investments, NOK 118,320 (14.0%) in retirement accounts, and NOK 205,000 (24.3%) in cash.

Investments

Since my last update, my investments decreased with NOK -372 (-0.07%), of which NOK 4,000 was from contributions, and NOK -23,717 was from returns.

Since I started tracking, my total contributions have been NOK 12,000, and my total return has been NOK 53,314.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 2,835 (2.45%), of which NOK 2,377 was from contributions , and NOK 5,067 was from returns.

Since I started tracking, my total contributions have been NOK 7,304, and my total return is NOK 8,171.




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

If I quit working today, my monthly pay out would be NOK 2,815 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
2,815/month
(4.0% SWR)
2,463/month
(3.5% SWR)
2,111/month
(3.0% SWR)


When can I retire?

FI date

My age

56

I am currently aiming to save/invest approximately NOK 6,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 20,000,000 in 23 years and 10 months, in , and at that time I will be 56 years old.

By that time I will have invested/saved another NOK 1,956,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 17,199,427


Financial independence forecast