This is trustingPolenta8'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 36,000 and my FI portfolio was AUD 36,000.
I am now 0.7% on my way to achive my FIRE target of AUD 5,000,000.
My FI portfolio now consists of AUD 35,000 (97.2%) in investments, and AUD 1,000 (2.8%) in cash.
If I quit working today, my monthly pay out would be AUD 120 for the rest of my life.
I am currently aiming to save/invest
approximately AUD
600
each month.
Assuming an annual return of
10% on my investments and my retirement accounts, I
aim to reach my FIRE target
of AUD 5,000,000
in 36 years and 3 months,
in , and at that time I will be
59 years old.
By that time I will have invested/saved
another AUD 279,000,
while the rest will be return on my existing FI portfolio and the new
investments,
in total AUD
4,685,000