Net worth update per
This is davidabaev'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 , my net worth was AED 34,000 and my FI portfolio was AED 14,000.
Net worth
AED 34,000
FI portfolio
AED 14,000
I am now 1.4% on my way to achive my FIRE target of AED 1,000,000.
AED 14,000 FIRE target: AED 1,000,000
FI portfolio
My FI portfolio now consists of AED 12,000 (85.7%) in investments, AED 1,000 (7.1%) in retirement accounts, and AED 1,000 (7.1%) in cash.
How much can I withdraw according to the 4%-rule?
If I quit working today, my monthly pay out would be AED 46 for the rest of my life.
Retire today with (AED)
When can I retire?
FI date
My age
61
I am currently aiming to save/invest
approximately AED
100
each month.
Assuming an annual return of
10% on my investments and my retirement accounts, I
aim to reach my FIRE target
of AED 1,000,000
in 33 years and 2 months,
in , and at that time I will be
61 years old.
By that time I will have invested/saved
another AED 44,600,
while the rest will be return on my existing FI portfolio and the new
investments,
in total AED
941,400