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Net worth update per


This is MoMoneyMoProblems's #9 net worth update. Please check out my profile here for more information. As of , my net worth increased to CAD 179,000 and my FI portfolio decreased to CAD 80,000


Net worth

CAD 179,000

Since the last update on my net worth has increased with CAD 34,950 (+ 24.26 %).

FI portfolio

CAD 80,000

Since the last update on my FI portfolio has decreased with CAD -65,550 ( -45.04 %).

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.
Change
Cash 250 +18,750 19,000
Investments 93,800 -93,800 0
Retirement acc 51,500 +9,500 61,000
Real estate 0 + 245,000 245,000
Other assets 0 0 0
Total assets 145,550 +179,450 325,000

Mortgage 0 146,000 146,000
Other debt 1,500 -1,500 0
Total debt 1,500 144,500 146,000
Change
Cash 250 +18,750 19,000
Investments 93,800 -93,800 0
Retirement acc 51,500 +9,500 61,000
Real estate 0 + 245,000 245,000
Other assets 0 0 0
Total assets 145,550 +179,450 325,000

Mortgage 0 146,000 146,000
Other debt 1,500 -1,500 0
Total debt 1,500 144,500 146,000
Change
Cash 9,000 +10,000 19,000
Investments 15,000 -15,000 0
Retirement acc 15,000 +46,000 61,000
Real estate 0 + 245,000 245,000
Other assets 0 0 0
Total assets 39,000 +286,000 325,000

Mortgage 0 146,000 146,000
Other debt 8,500 -8,500 0
Total debt 8,500 + 137,500 146,000

I am now 5.3% on my way to achive my FIRE target of CAD 1,500,000. This is -4.4 percentage points closer, compared to the last net worth update.

CAD 80,000 FIRE target: CAD 1,500,000


5.3%

FI portfolio

My FI portfolio now consists of CAD 61,000 (76.2%) in retirement accounts, and CAD 19,000 (23.8%) in cash.

Investments

Since my last update, my investments decreased with CAD -93,800 (-100.0%).

Retirement accounts

Since my last update, my retirement accounts increased with CAD 9,500 (18.45%).




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

If I quit working today, my monthly pay out would be CAD 266 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
266/month
(4.0% SWR)
233/month
(3.5% SWR)
200/month
(3.0% SWR)


When can I retire?

FI date

My age

40

I am currently aiming to save/invest approximately CAD 4,500 each month.

Assuming an annual return of 6% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 1,500,000 in 12 years and 1 months, in , and at that time I will be 40 years old.

By that time I will have invested/saved another CAD 814,500, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 605,500


Financial independence forecast