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Net worth update per December 31st 2021


This is thrilledIcecream9's #27 net worth update. Please check out my profile here for more information. As of December 31st 2021, my net worth increased to INR 25,947,730 and my FI portfolio increased to INR 23,977,131


Net worth

INR 25,947,730

Since the last update on November 30th 2021 my net worth has increased with INR 913,495 (+ 3.65 %).

FI portfolio

INR 23,977,131

Since the last update on November 30th 2021 my FI portfolio has increased with INR 762,130 (+ 3.28 %).

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 INR.
30 Nov 21 Change 31 Dec 21
Cash 357,814 -14,797 343,017
Investments 21,435,215 +776,927 22,212,142
Retirement acc 1,421,972 0 1,421,972
Real estate 3,001,700 0 3,001,700
Other assets 1,266,632 0 1,266,632
Total assets 27,483,333 +762,130 28,245,463

Mortgage 2,449,098 -151,365 2,297,733
Other debt 0 0 0
Total debt 2,449,098 -151,365 2,297,733
31 Dec 20 Change 31 Dec 21
Cash 34,874 +308,143 343,017
Investments 14,813,514 +7,398,628 22,212,142
Retirement acc 1,289,320 +132,652 1,421,972
Real estate 0 + 3,001,700 3,001,700
Other assets 1,096,304 + 170,328 1,266,632
Total assets 17,234,012 +11,011,451 28,245,463

Mortgage 0 2,297,733 2,297,733
Other debt 0 0 0
Total debt 0 2,297,733 2,297,733
1 Nov 19 Change 31 Dec 21
Cash 400,000 -56,983 343,017
Investments 7,500,000 +14,712,142 22,212,142
Retirement acc 1,272,000 +149,972 1,421,972
Real estate 0 + 3,001,700 3,001,700
Other assets 772,421 + 494,211 1,266,632
Total assets 9,944,421 +18,301,042 28,245,463

Mortgage 0 2,297,733 2,297,733
Other debt 0 0 0
Total debt 0 + 2,297,733 2,297,733

I am now 40.0% on my way to achive my FIRE target of INR 60,000,000. This is 1.3 percentage points closer, compared to the last net worth update.

INR 23,977,131 FIRE target: INR 60,000,000


40.0%

FI portfolio

My FI portfolio now consists of INR 22,212,142 (92.6%) in investments, INR 1,421,972 (5.9%) in retirement accounts, and INR 343,017 (1.4%) in cash.

Investments

Since my last update, my investments increased with INR 776,927 (3.62%), of which INR 529,217 was from contributions, and INR -782,968 was from returns.

Since I started tracking, my total contributions have been INR 34,683,589, and my total return has been INR 14,292,671.

Retirement accounts

Since my last update, my retirement accounts decreased with INR 0 (0.0%).

Since I started tracking, my total contributions have been INR 1,814,390, and my total return is INR -1,313,260.




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

If I quit working today, my monthly pay out would be INR 79,923 for the rest of my life.


Monthly SWR amount
Retire today with (INR)
79,923/month
(4.0% SWR)
69,933/month
(3.5% SWR)
59,942/month
(3.0% SWR)


When can I retire?

FI date

August 2024

My age

33

I am currently aiming to save/invest approximately INR 800,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of INR 60,000,000 in 0 years and -8 months, in August 2024, and at that time I will be 33 years old.

By that time I will have invested/saved another INR 25,600,000, while the rest will be return on my existing FI portfolio and the new investments, in total INR 10,422,869


Financial independence forecast