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Net worth update per September 1st 2008


This is gammj's #32 net worth update. Please check out my profile here for more information. As of September 1st 2008, my net worth decreased to CAD 127,062 and my FI portfolio decreased to CAD 42,760


Net worth

CAD 127,062

Since the last update on August 1st 2008 my net worth has decreased with CAD -19 ( -0.01 %).

FI portfolio

CAD 42,760

Since the last update on August 1st 2008 my FI portfolio has decreased with CAD -2,263 ( -5.03 %).

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.
1 Aug 08 Change 1 Sep 08
Cash 2,015 -1,320 695
Investments 0 0 0
Retirement acc 43,008 -943 42,065
Real estate 121,000 0 121,000
Other assets 0 0 0
Total assets 166,023 -2,263 163,760

Mortgage 38,942 -2,244 36,698
Other debt 0 0 0
Total debt 38,942 -2,244 36,698
1 Dec 07 Change 1 Sep 08
Cash 2,631 -1,936 695
Investments 0 0 0
Retirement acc 40,051 +2,014 42,065
Real estate 121,000 0 121,000
Other assets 0 0 0
Total assets 163,682 +78 163,760

Mortgage 48,938 -12,240 36,698
Other debt 0 0 0
Total debt 48,938 -12,240 36,698
31 Jan 03 Change 1 Sep 08
Cash 14,284 -13,589 695
Investments 0 0 0
Retirement acc 3,331 +38,734 42,065
Real estate 0 + 121,000 121,000
Other assets 0 0 0
Total assets 17,615 +146,145 163,760

Mortgage 0 36,698 36,698
Other debt 0 0 0
Total debt 0 + 36,698 36,698

I am now 2.4% on my way to achive my FIRE target of CAD 1,750,000. This is -0.1 percentage points closer, compared to the last net worth update.

CAD 42,760 FIRE target: CAD 1,750,000


2.4%

FI portfolio

My FI portfolio now consists of CAD 42,065 (98.4%) in retirement accounts, and CAD 695 (1.6%) in cash.

Investments

Since my last update, my investments decreased with CAD 0 (0%), of which CAD 5 was from contributions, and CAD -9,844 was from returns.

Since I started tracking, my total contributions have been CAD 194, and my total return has been CAD 467,024.

Retirement accounts

Since my last update, my retirement accounts decreased with CAD -943 (-2.19%), of which CAD 5 was from contributions , and CAD -16,123 was from returns.

Since I started tracking, my total contributions have been CAD 194, and my total return is CAD 1,005,832.




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

If I quit working today, my monthly pay out would be CAD 142 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
142/month
(4.0% SWR)
124/month
(3.5% SWR)
106/month
(3.0% SWR)


When can I retire?

FI date

August 2047

My age

70

I am currently aiming to save/invest approximately CAD 461 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 1,750,000 in 22 years and 1 months, in August 2047, and at that time I will be 70 years old.

By that time I will have invested/saved another CAD 215,287, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 1,491,953


Financial independence forecast