This is my #6 net worth update. Please check out my profile here for more information. As of 2021-11-23T00:00:00Z, my net worth increased to GBP 587,500 and my FI portfolio increased to GBP 445,000
I am now 23.6% on my way to achive my FIRE target of GBP 1,888,000. This is 2.2 percentage points closer, compared to the last net worth update.
My FI portfolio now consists of GBP 56,000 (12.6%) in investments, GBP 72,000 (16.2%) in retirement accounts, and GBP 317,000 (71.2%) in cash.
Since my last update, my investments increased with GBP 667 (1.21%).
Since my last update, my retirement accounts increased with GBP 41,667 (137.37%).
If I quit working today, my monthly pay out would be GBP 1,483 for the rest of my life.
I am currently aiming to save/invest
Assuming an annual return of 5% on my investments and my retirement accounts, I aim to reach my FIRE target of GBP 1,888,000 in 20 years and 3 months, in 2042-03-23T00:00:00Z, and at that time I will be 46 years old.
By that time I will have invested/saved another GBP 610,000, while the rest will be return on my existing FI portfolio and the new investments, in total GBP 833,000