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Net worth update per November 1st 2008



This is gammj's #34 net worth update. Please check out my profile here for more information. As of November 1st 2008, my net worth increased to CAD 129,159 and my FI portfolio decreased to CAD 43,868


Net worth

CAD 129,159

Since the last update on October 1st 2008 my net worth has increased with CAD 291 (+ 0.23 %).

FI portfolio

CAD 43,868

Since the last update on October 1st 2008 my FI portfolio has decreased with CAD -203 ( -0.46 %).

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.

I am now 2.5% on my way to achive my FIRE target of CAD 1,750,000. This is -0.0 percentage points closer, compared to the last net worth update.

CAD 43,868 FIRE target: CAD 1,750,000


2.5%


FI portfolio


My FI portfolio now consists of CAD 40,813 (93.0%) in retirement accounts, and CAD 3,055 (7.0%) 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 -309 (-0.75%), 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 146 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
146/month
(4.0% SWR)
127/month
(3.5% SWR)
109/month
(3.0% SWR)


When can I retire?


FI date

November 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 5 months, in November 2047, and at that time I will be 70 years old.

By that time I will have invested/saved another CAD 215,748, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 1,490,384


Financial independence forecast