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This is FIREUrBOSS's #23 net worth update. Please check out my profile here for more information. As of , my net worth increased to INR 6,957,067 and my FI portfolio increased to INR 7,276,850


Net worth

INR 6,957,067

Since the last update on my net worth has increased with INR 198,063 (+ 2.93 %).

FI portfolio

INR 7,276,850

Since the last update on my FI portfolio has increased with INR 172,213 (+ 2.42 %).

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.
Change
Cash 213,916 +97,412 311,328
Investments 4,271,006 +20,238 4,291,244
Retirement acc 2,619,715 +54,563 2,674,278
Real estate 0 0 0
Other assets 54,367 + 25,850 80,217
Total assets 7,159,004 +198,063 7,357,067

Mortgage 0 0 0
Other debt 400,000 0 400,000
Total debt 400,000 0 400,000
Change
Cash 177,377 +133,951 311,328
Investments 3,529,564 +761,680 4,291,244
Retirement acc 2,462,705 +211,573 2,674,278
Real estate 0 0 0
Other assets 66,688 + 13,529 80,217
Total assets 6,236,334 +1,120,733 7,357,067

Mortgage 0 0 0
Other debt 400,000 0 400,000
Total debt 400,000 0 400,000
Change
Cash 22,261 +289,067 311,328
Investments 2,564,666 +1,726,578 4,291,244
Retirement acc 1,791,656 +882,622 2,674,278
Real estate 0 0 0
Other assets 34,000 + 46,217 80,217
Total assets 4,412,583 +2,944,484 7,357,067

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

I am now 10.4% 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 7,276,850 FIRE target: INR 70,000,000


10.4%

FI portfolio

My FI portfolio now consists of INR 4,291,244 (59.0%) in investments, INR 2,674,278 (36.8%) in retirement accounts, and INR 311,328 (4.3%) in cash.

Investments

Since my last update, my investments increased with INR 20,238 (0.47%), of which INR 175,000 was from contributions, and INR -221,657 was from returns.

Since I started tracking, my total contributions have been INR 4,428,954, and my total return has been INR 6,580,477.

Retirement accounts

Since my last update, my retirement accounts increased with INR 54,563 (2.08%).

Since I started tracking, my total contributions have been INR 29,436, and my total return is INR 2,769,081.




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

If I quit working today, my monthly pay out would be INR 24,256 for the rest of my life.


Monthly SWR amount
Retire today with (INR)
24,256/month
(4.0% SWR)
21,224/month
(3.5% SWR)
18,192/month
(3.0% SWR)


When can I retire?

FI date

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 , and at that time I will be 49 years old.

By that time I will have invested/saved another INR 29,750,000, while the rest will be return on my existing FI portfolio and the new investments, in total INR 32,973,150


Financial independence forecast