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Net worth update per


This is laaknor's #6 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 3,456,894 and my FI portfolio increased to NOK 901,228


Net worth

NOK 3,456,894

Since the last update on my net worth has increased with NOK 31,280 (+ 0.91 %).

FI portfolio

NOK 901,228

Since the last update on my FI portfolio has increased with NOK 38,048 (+ 4.41 %).

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 NOK.
Change
Cash 41,135 -21,414 19,721
Investments 660,603 +53,966 714,569
Retirement acc 161,442 +5,496 166,938
Real estate 4,990,000 -60,000 4,930,000
Other assets 362,434 + 33,955 396,389
Total assets 6,215,614 +12,003 6,227,617

Mortgage 2,790,000 -19,277 2,770,723
Other debt 0 0 0
Total debt 2,790,000 -19,277 2,770,723
Change
Cash 30,000 -10,279 19,721
Investments 328,000 +386,569 714,569
Retirement acc 75,000 +91,938 166,938
Real estate 4,630,000 + 300,000 4,930,000
Other assets 51,000 + 345,389 396,389
Total assets 5,114,000 +1,113,617 6,227,617

Mortgage 2,309,489 461,234 2,770,723
Other debt 0 0 0
Total debt 2,309,489 461,234 2,770,723
Change
Cash 30,000 -10,279 19,721
Investments 328,000 +386,569 714,569
Retirement acc 75,000 +91,938 166,938
Real estate 4,630,000 + 300,000 4,930,000
Other assets 51,000 + 345,389 396,389
Total assets 5,114,000 +1,113,617 6,227,617

Mortgage 2,309,489 461,234 2,770,723
Other debt 0 0 0
Total debt 2,309,489 + 461,234 2,770,723

I am now 9.0% on my way to achive my FIRE target of NOK 10,000,000. This is 0.4 percentage points closer, compared to the last net worth update.

NOK 901,228 FIRE target: NOK 10,000,000


9.0%

FI portfolio

My FI portfolio now consists of NOK 714,569 (79.3%) in investments, NOK 166,938 (18.5%) in retirement accounts, and NOK 19,721 (2.2%) in cash.

Investments

Since my last update, my investments increased with NOK 53,966 (8.17%), of which NOK 60,000 was from contributions, and NOK 66,521 was from returns.

Since I started tracking, my total contributions have been NOK 60,000, and my total return has been NOK 2,039,165.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 5,496 (3.4%), of which NOK 1,250 was from contributions , and NOK 3,385 was from returns.

Since I started tracking, my total contributions have been NOK 1,250, and my total return is NOK 314,583.




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

If I quit working today, my monthly pay out would be NOK 3,004 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
3,004/month
(4.0% SWR)
2,628/month
(3.5% SWR)
2,253/month
(3.0% SWR)


When can I retire?

FI date

My age

48

I am currently aiming to save/invest approximately NOK 25,000 each month.

Assuming an annual return of 9% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 10,000,000 in 9 years and 4 months, in , and at that time I will be 48 years old.

By that time I will have invested/saved another NOK 3,850,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 5,248,772


Financial independence forecast