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Net worth update per


This is Jols's #4 net worth update. Please check out my profile here for more information. As of , my net worth decreased to NOK 1,935,292 and my FI portfolio decreased to NOK 917,899


Net worth

NOK 1,935,292

Since the last update on my net worth has decreased with NOK -22,328 ( -1.14 %).

FI portfolio

NOK 917,899

Since the last update on my FI portfolio has decreased with NOK -12,273 ( -1.32 %).

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 0 200,000
Investments 606,656 -19,717 586,939
Retirement acc 123,516 +7,444 130,960
Real estate 2,734,925 0 2,734,925
Other assets 140,000 -10,000 130,000
Total assets 3,805,097 -22,273 3,782,824

Mortgage 1,638,502 0 1,638,502
Other debt 208,975 + 55 209,030
Total debt 1,847,477 + 55 1,847,532
Change
Cash 200,000 0 200,000
Investments 521,625 +65,314 586,939
Retirement acc 115,485 +15,475 130,960
Real estate 2,400,000 + 334,925 2,734,925
Other assets 150,000 -20,000 130,000
Total assets 3,387,110 +395,714 3,782,824

Mortgage 1,646,630 -8,128 1,638,502
Other debt 214,551 -5,521 209,030
Total debt 1,861,181 -13,649 1,847,532
Change
Cash 200,000 0 200,000
Investments 521,625 +65,314 586,939
Retirement acc 115,485 +15,475 130,960
Real estate 2,400,000 + 334,925 2,734,925
Other assets 150,000 -20,000 130,000
Total assets 3,387,110 +395,714 3,782,824

Mortgage 1,646,630 -8,128 1,638,502
Other debt 214,551 -5,521 209,030
Total debt 1,861,181 -13,649 1,847,532

I am now 4.6% on my way to achive my FIRE target of NOK 20,000,000. This is -0.1 percentage points closer, compared to the last net worth update.

NOK 917,899 FIRE target: NOK 20,000,000


4.6%

FI portfolio

My FI portfolio now consists of NOK 586,939 (63.9%) in investments, NOK 130,960 (14.3%) in retirement accounts, and NOK 200,000 (21.8%) in cash.

Investments

Since my last update, my investments decreased with NOK -19,717 (-3.25%), 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 7,444 (6.03%), 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 3,059 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
3,059/month
(4.0% SWR)
2,677/month
(3.5% SWR)
2,294/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 7 months, in , and at that time I will be 56 years old.

By that time I will have invested/saved another NOK 1,920,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 17,162,101


Financial independence forecast