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Net worth update per June 30th 2021


This is FIREUrBOSS's #21 net worth update. Please check out my profile here for more information. As of June 30th 2021, my net worth increased to INR 6,589,935 and my FI portfolio increased to INR 6,935,568


Net worth

INR 6,589,935

Since the last update on May 31st 2021 my net worth has increased with INR 128,267 (+ 1.99 %).

FI portfolio

INR 6,935,568

Since the last update on May 31st 2021 my FI portfolio has increased with INR 132,235 (+ 1.94 %).

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 INR.
31 May 21 Change 30 Jun 21
Cash 153,619 +39,667 193,286
Investments 4,068,644 +77,766 4,146,410
Retirement acc 2,581,070 +14,802 2,595,872
Real estate 0 0 0
Other assets 58,335 -3,968 54,367
Total assets 6,861,668 +128,267 6,989,935

Mortgage 0 0 0
Other debt 400,000 0 400,000
Total debt 400,000 0 400,000
30 Dec 20 Change 30 Jun 21
Cash 177,377 +15,909 193,286
Investments 3,529,564 +616,846 4,146,410
Retirement acc 2,462,705 +133,167 2,595,872
Real estate 0 0 0
Other assets 66,688 -12,321 54,367
Total assets 6,236,334 +753,601 6,989,935

Mortgage 0 0 0
Other debt 400,000 0 400,000
Total debt 400,000 0 400,000
15 Sep 19 Change 30 Jun 21
Cash 22,261 +171,025 193,286
Investments 2,564,666 +1,581,744 4,146,410
Retirement acc 1,791,656 +804,216 2,595,872
Real estate 0 0 0
Other assets 34,000 + 20,367 54,367
Total assets 4,412,583 +2,577,352 6,989,935

Mortgage 0 0 0
Other debt 400,000 0 400,000
Total debt 400,000 0 400,000

I am now 9.9% on my way to achive my FIRE target of INR 70,000,000. This is 0.2 percentage points closer, compared to the last net worth update.

INR 6,935,568 FIRE target: INR 70,000,000


9.9%

FI portfolio

My FI portfolio now consists of INR 4,146,410 (59.8%) in investments, INR 2,595,872 (37.4%) in retirement accounts, and INR 193,286 (2.8%) in cash.

Investments

Since my last update, my investments increased with INR 77,766 (1.91%), of which INR 170,000 was from contributions, and INR 735,004 was from returns.

Since I started tracking, my total contributions have been INR 4,598,954, and my total return has been INR 7,315,481.

Retirement accounts

Since my last update, my retirement accounts increased with INR 14,802 (0.57%).

Since I started tracking, my total contributions have been INR 29,436, and my total return is INR 3,415,559.




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

If I quit working today, my monthly pay out would be INR 23,118 for the rest of my life.


Monthly SWR amount
Retire today with (INR)
23,118/month
(4.0% SWR)
20,228/month
(3.5% SWR)
17,338/month
(3.0% SWR)


When can I retire?

FI date

October 2035

My age

49

I am currently aiming to save/invest approximately INR 175,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of INR 70,000,000 in 10 years and 5 months, in October 2035, and at that time I will be 49 years old.

By that time I will have invested/saved another INR 30,100,000, while the rest will be return on my existing FI portfolio and the new investments, in total INR 32,964,432


Financial independence forecast