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Net worth update per


This is MoMoneyMoProblems's #10 net worth update. Please check out my profile here for more information. As of , my net worth increased to CAD 188,850 and my FI portfolio increased to CAD 93,850


Net worth

CAD 188,850

Since the last update on my net worth has increased with CAD 9,850 (+ 5.5 %).

FI portfolio

CAD 93,850

Since the last update on my FI portfolio has increased with CAD 13,850 (+ 17.31 %).

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 19,000 -11,000 8,000
Investments 0 +17,150 17,150
Retirement acc 61,000 +7,700 68,700
Real estate 245,000 -5,000 240,000
Other assets 0 0 0
Total assets 325,000 +8,850 333,850

Mortgage 146,000 -1,000 145,000
Other debt 0 0 0
Total debt 146,000 -1,000 145,000
Change
Cash 250 +7,750 8,000
Investments 93,800 -76,650 17,150
Retirement acc 51,500 +17,200 68,700
Real estate 0 + 240,000 240,000
Other assets 0 0 0
Total assets 145,550 +188,300 333,850

Mortgage 0 145,000 145,000
Other debt 1,500 -1,500 0
Total debt 1,500 143,500 145,000
Change
Cash 9,000 -1,000 8,000
Investments 15,000 +2,150 17,150
Retirement acc 15,000 +53,700 68,700
Real estate 0 + 240,000 240,000
Other assets 0 0 0
Total assets 39,000 +294,850 333,850

Mortgage 0 145,000 145,000
Other debt 8,500 -8,500 0
Total debt 8,500 + 136,500 145,000

I am now 6.3% on my way to achive my FIRE target of CAD 1,500,000. This is 0.9 percentage points closer, compared to the last net worth update.

CAD 93,850 FIRE target: CAD 1,500,000


6.3%

FI portfolio

My FI portfolio now consists of CAD 17,150 (18.3%) in investments, CAD 68,700 (73.2%) in retirement accounts, and CAD 8,000 (8.5%) in cash.

Investments

Since my last update, my investments increased with CAD 17,150 (100%).

Retirement accounts

Since my last update, my retirement accounts increased with CAD 7,700 (12.62%).




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

If I quit working today, my monthly pay out would be CAD 312 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
312/month
(4.0% SWR)
273/month
(3.5% SWR)
234/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 11 years and 11 months, in , and at that time I will be 40 years old.

By that time I will have invested/saved another CAD 796,500, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 609,650


Financial independence forecast