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Net worth update per


This is excel's #2 net worth update. Please check out my profile here for more information. As of , my net worth increased to DKK 276,900 and my FI portfolio increased to DKK 506,900


Net worth

DKK 276,900

Since the last update on my net worth has increased with DKK 13,640 (+ 5.18 %).

FI portfolio

DKK 506,900

Since the last update on my FI portfolio has increased with DKK 13,640 (+ 2.77 %).

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 DKK.
Change
Cash 15,000 -13,500 1,500
Investments 418,000 +11,000 429,000
Retirement acc 60,260 +16,140 76,400
Real estate 0 0 0
Other assets 0 0 0
Total assets 493,260 +13,640 506,900

Mortgage 0 0 0
Other debt 230,000 0 230,000
Total debt 230,000 0 230,000
Change
Cash 15,000 -13,500 1,500
Investments 418,000 +11,000 429,000
Retirement acc 60,260 +16,140 76,400
Real estate 0 0 0
Other assets 0 0 0
Total assets 493,260 +13,640 506,900

Mortgage 0 0 0
Other debt 230,000 0 230,000
Total debt 230,000 0 230,000
Change
Cash 15,000 -13,500 1,500
Investments 418,000 +11,000 429,000
Retirement acc 60,260 +16,140 76,400
Real estate 0 0 0
Other assets 0 0 0
Total assets 493,260 +13,640 506,900

Mortgage 0 0 0
Other debt 230,000 0 230,000
Total debt 230,000 0 230,000

I am now 16.9% on my way to achive my FIRE target of DKK 3,000,000. This is 0.5 percentage points closer, compared to the last net worth update.

DKK 506,900 FIRE target: DKK 3,000,000


16.9%

FI portfolio

My FI portfolio now consists of DKK 429,000 (84.6%) in investments, DKK 76,400 (15.1%) in retirement accounts, and DKK 1,500 (0.3%) in cash.

Investments

Since my last update, my investments increased with DKK 11,000 (2.63%), of which DKK 8,000 was from contributions, and DKK 3,000 was from returns.

Since I started tracking, my total contributions have been DKK 8,000, and my total return has been DKK 3,000.

Retirement accounts

Since my last update, my retirement accounts increased with DKK 16,140 (26.78%), of which DKK 10,000 was from contributions , and DKK 6,140 was from returns.

Since I started tracking, my total contributions have been DKK 10,000, and my total return is DKK 6,140.




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

If I quit working today, my monthly pay out would be DKK 1,689 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
1,689/month
(4.0% SWR)
1,478/month
(3.5% SWR)
1,267/month
(3.0% SWR)


When can I retire?

FI date

My age

40

I am currently aiming to save/invest approximately DKK 12,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 3,000,000 in 5 years and 11 months, in , and at that time I will be 40 years old.

By that time I will have invested/saved another DKK 1,188,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 1,305,100


Financial independence forecast