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Net worth update per February 28th 2021


This is gammj's #181 net worth update. Please check out my profile here for more information. As of February 28th 2021, my net worth increased to CAD 1,096,339 and my FI portfolio increased to CAD 959,388


Net worth

CAD 1,096,339

Since the last update on January 31st 2021 my net worth has increased with CAD 30,135 (+ 2.83 %).

FI portfolio

CAD 959,388

Since the last update on January 31st 2021 my FI portfolio has increased with CAD 30,057 (+ 3.23 %).

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.
31 Jan 21 Change 28 Feb 21
Cash 54,189 +5,911 60,100
Investments 286,992 +7,528 294,520
Retirement acc 588,150 +16,618 604,768
Real estate 305,000 0 305,000
Other assets 18,461 0 18,461
Total assets 1,252,792 +30,057 1,282,849

Mortgage 186,189 -228 185,961
Other debt 399 + 150 549
Total debt 186,588 + -78 186,510
31 Dec 20 Change 28 Feb 21
Cash 70,254 -10,154 60,100
Investments 288,350 +6,170 294,520
Retirement acc 566,424 +38,344 604,768
Real estate 305,000 0 305,000
Other assets 18,460 + 1 18,461
Total assets 1,248,488 +34,361 1,282,849

Mortgage 186,415 -454 185,961
Other debt 1,240 -691 549
Total debt 187,655 -1,145 186,510
31 Jan 03 Change 28 Feb 21
Cash 14,284 +45,816 60,100
Investments 0 +294,520 294,520
Retirement acc 3,331 +601,437 604,768
Real estate 0 + 305,000 305,000
Other assets 0 + 18,461 18,461
Total assets 17,615 +1,265,234 1,282,849

Mortgage 0 185,961 185,961
Other debt 0 + 549 549
Total debt 0 + 186,510 186,510

I am now 54.8% on my way to achive my FIRE target of CAD 1,750,000. This is 1.7 percentage points closer, compared to the last net worth update.

CAD 959,388 FIRE target: CAD 1,750,000


54.8%

FI portfolio

My FI portfolio now consists of CAD 294,520 (30.7%) in investments, CAD 604,768 (63.0%) in retirement accounts, and CAD 60,100 (6.3%) in cash.

Investments

Since my last update, my investments increased with CAD 7,528 (2.62%), of which CAD 5 was from contributions, and CAD -9,844 was from returns.

Since I started tracking, my total contributions have been CAD 194, and my total return has been CAD 467,024.

Retirement accounts

Since my last update, my retirement accounts increased with CAD 16,618 (2.83%), of which CAD 5 was from contributions , and CAD -16,123 was from returns.

Since I started tracking, my total contributions have been CAD 194, and my total return is CAD 1,005,832.




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

If I quit working today, my monthly pay out would be CAD 3,197 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
3,197/month
(4.0% SWR)
2,798/month
(3.5% SWR)
2,398/month
(3.0% SWR)


When can I retire?

FI date

July 2029

My age

52

I am currently aiming to save/invest approximately CAD 461 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 1,750,000 in 4 years and 2 months, in July 2029, and at that time I will be 52 years old.

By that time I will have invested/saved another CAD 46,561, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 744,051


Financial independence forecast