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This is Botta123's #2 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 2,060,000 and my FI portfolio increased to NOK 2,270,000


Net worth

NOK 2,060,000

Since the last update on my net worth has increased with NOK 772,000 (+ 59.94 %).

FI portfolio

NOK 2,270,000

Since the last update on my FI portfolio has increased with NOK 534,000 (+ 30.76 %).

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 805,000 +495,000 1,300,000
Investments 931,000 -41,000 890,000
Retirement acc 0 +80,000 80,000
Real estate 0 0 0
Other assets 30,000 + 220,000 250,000
Total assets 1,766,000 +754,000 2,520,000

Mortgage 0 0 0
Other debt 478,000 -18,000 460,000
Total debt 478,000 -18,000 460,000
Change
Cash 805,000 +495,000 1,300,000
Investments 931,000 -41,000 890,000
Retirement acc 0 +80,000 80,000
Real estate 0 0 0
Other assets 30,000 + 220,000 250,000
Total assets 1,766,000 +754,000 2,520,000

Mortgage 0 0 0
Other debt 478,000 -18,000 460,000
Total debt 478,000 -18,000 460,000
Change
Cash 805,000 +495,000 1,300,000
Investments 931,000 -41,000 890,000
Retirement acc 0 +80,000 80,000
Real estate 0 0 0
Other assets 30,000 + 220,000 250,000
Total assets 1,766,000 +754,000 2,520,000

Mortgage 0 0 0
Other debt 478,000 -18,000 460,000
Total debt 478,000 -18,000 460,000

I am now 37.8% on my way to achive my FIRE target of NOK 6,000,000. This is 8.9 percentage points closer, compared to the last net worth update.

NOK 2,270,000 FIRE target: NOK 6,000,000


37.8%

FI portfolio

My FI portfolio now consists of NOK 890,000 (39.2%) in investments, NOK 80,000 (3.5%) in retirement accounts, and NOK 1,300,000 (57.3%) in cash.

Investments

Since my last update, my investments decreased with NOK -41,000 (-4.4%), of which NOK 277,000 was from contributions, and NOK 130,100 was from returns.

Since I started tracking, my total contributions have been NOK 77,000, and my total return has been NOK -85,900.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 80,000 (100%), of which NOK 62,000 was from contributions , and NOK 37,700 was from returns.

Since I started tracking, my total contributions have been NOK 172,000, and my total return is NOK 37,700.




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

If I quit working today, my monthly pay out would be NOK 7,566 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
7,566/month
(4.0% SWR)
6,620/month
(3.5% SWR)
5,675/month
(3.0% SWR)


When can I retire?

FI date

My age

34

I am currently aiming to save/invest approximately NOK 30,200 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 6,000,000 in 3 years and 11 months, in , and at that time I will be 34 years old.

By that time I will have invested/saved another NOK 2,265,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 1,465,000


Financial independence forecast