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Net worth update per


This is Scarlette's #7 net worth update. Please check out my profile here for more information. As of , my net worth increased to AUD 1,684,329 and my FI portfolio increased to AUD 1,224,028


Net worth

AUD 1,684,329

Since the last update on my net worth has increased with AUD 37,484 (+ 2.28 %).

FI portfolio

AUD 1,224,028

Since the last update on my FI portfolio has increased with AUD 34,808 (+ 2.93 %).

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.
Change
Cash 76,254 -4,725 71,529
Investments 319,563 +36,704 356,267
Retirement acc 793,403 +2,829 796,232
Real estate 1,205,000 0 1,205,000
Other assets 0 0 0
Total assets 2,394,220 +34,808 2,429,028

Mortgage 747,375 -2,676 744,699
Other debt 0 0 0
Total debt 747,375 -2,676 744,699
Change
Cash 80,144 -8,615 71,529
Investments 313,493 +42,774 356,267
Retirement acc 780,710 +15,522 796,232
Real estate 1,205,000 0 1,205,000
Other assets 0 0 0
Total assets 2,379,347 +49,681 2,429,028

Mortgage 750,045 -5,346 744,699
Other debt 0 0 0
Total debt 750,045 -5,346 744,699
Change
Cash 79,633 -8,104 71,529
Investments 265,933 +90,334 356,267
Retirement acc 731,184 +65,048 796,232
Real estate 1,205,000 0 1,205,000
Other assets 0 0 0
Total assets 2,281,750 +147,278 2,429,028

Mortgage 761,931 -17,232 744,699
Other debt 0 0 0
Total debt 761,931 -17,232 744,699

I am now 28.8% on my way to achive my FIRE target of AUD 4,250,000. This is 0.8 percentage points closer, compared to the last net worth update.

AUD 1,224,028 FIRE target: AUD 4,250,000


28.8%

FI portfolio

My FI portfolio now consists of AUD 356,267 (29.1%) in investments, AUD 796,232 (65.1%) in retirement accounts, and AUD 71,529 (5.8%) in cash.

Investments

Since my last update, my investments increased with AUD 36,704 (11.49%).

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 2,829 (0.36%), 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 4,080 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
4,080/month
(4.0% SWR)
3,570/month
(3.5% SWR)
3,060/month
(3.0% SWR)


When can I retire?

FI date

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 9 years and 3 months, in , and at that time I will be 53 years old.

By that time I will have invested/saved another AUD 898,917, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 2,127,055


Financial independence forecast