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Net worth update per



This is Chessines's #18 net worth update. Please check out my profile here for more information. As of , my net worth decreased to NOK 9,731,000 and my FI portfolio decreased to NOK 7,421,000


Net worth

NOK 9,731,000

Since the last update on my net worth has decreased with NOK -66,000 ( -0.67 %).

FI portfolio

NOK 7,421,000

Since the last update on my FI portfolio has decreased with NOK -69,000 ( -0.92 %).

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.

I am now 61.8% on my way to achive my FIRE target of NOK 12,000,000. This is -0.6 percentage points closer, compared to the last net worth update.

NOK 7,421,000 FIRE target: NOK 12,000,000


61.8%


FI portfolio


My FI portfolio now consists of NOK 6,102,000 (82.2%) in investments, NOK 1,319,000 (17.8%) in retirement accounts, and NOK 0 (0.0%) in cash.

Investments

Since my last update, my investments decreased with NOK -74,000 (-1.2%), of which NOK 20,000 was from contributions, and NOK 557,000 was from returns.

Since I started tracking, my total contributions have been NOK 3,535,000, and my total return has been NOK 3,622,000.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 5,000 (0.38%), of which NOK 7,000 was from contributions , and NOK 74,000 was from returns.

Since I started tracking, my total contributions have been NOK 375,500, and my total return is NOK 748,500.




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


If I quit working today, my monthly pay out would be NOK 24,736 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
24,736/month
(4.0% SWR)
21,644/month
(3.5% SWR)
18,552/month
(3.0% SWR)


When can I retire?


FI date


My age

55

I am currently aiming to save/invest approximately NOK 7,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 12,000,000 in 3 years and 2 months, in , and at that time I will be 55 years old.

By that time I will have invested/saved another NOK 455,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 4,124,000


Financial independence forecast