Net worth update per
This is Manage_My_Money'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 AUD 631,906 and my FI portfolio was AUD 196,731.
Net worth
AUD 631,906
FI portfolio
AUD 196,731
I am now 19.7% on my way to achive my FIRE target of AUD 1,000,000.
AUD 196,731 FIRE target: AUD 1,000,000
FI portfolio
My FI portfolio now consists of AUD 34,371 (17.5%) in investments, AUD 69,906 (35.5%) in retirement accounts, and AUD 92,454 (47.0%) in cash.
How much can I withdraw according to the 4%-rule?
If I quit working today, my monthly pay out would be AUD 655 for the rest of my life.
Retire today with (AUD)
When can I retire?
FI date
My age
40
I am currently aiming to save/invest
approximately AUD
2,000
each month.
Assuming an annual return of
8% on my investments and my retirement accounts, I
aim to reach my FIRE target
of AUD 1,000,000
in 10 years and 5 months,
in , and at that time I will be
40 years old.
By that time I will have invested/saved
another AUD 322,000,
while the rest will be return on my existing FI portfolio and the new
investments,
in total AUD
481,269