Net worth update per October 2nd 2019
This is librarianFIRE'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 October 2nd 2019, my net worth was USD 668,000 and my FI portfolio was USD 540,000.
Net worth
USD 668,000
FI portfolio
USD 540,000
I am now 30.9% on my way to achive my FIRE target of USD 1,750,000.
USD 540,000 FIRE target: USD 1,750,000
FI portfolio
My FI portfolio now consists of USD 120,000 (22.2%) in investments, USD 340,000 (63.0%) in retirement accounts, and USD 80,000 (14.8%) in cash.
How much can I withdraw according to the 4%-rule?
If I quit working today, my monthly pay out would be USD 1,800 for the rest of my life.
Retire today with (USD)
When can I retire?
FI date
October 2027
My age
43
I am currently aiming to save/invest
approximately USD
7,500
each month.
Assuming an annual return of
6% on my investments and my retirement accounts, I
aim to reach my FIRE target
of USD 1,750,000
in 2 years and 4 months,
in October 2027, and at that time I will be
43 years old.
By that time I will have invested/saved
another USD 720,000,
while the rest will be return on my existing FI portfolio and the new
investments,
in total USD
490,000