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Net worth update per


This is laaknor's #9 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 3,700,974 and my FI portfolio decreased to NOK 933,256


Net worth

NOK 3,700,974

Since the last update on my net worth has increased with NOK 177,646 (+ 5.04 %).

FI portfolio

NOK 933,256

Since the last update on my FI portfolio has decreased with NOK -60,458 ( -6.08 %).

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 111,999 -60,000 51,999
Investments 710,415 -4,356 706,059
Retirement acc 171,300 +3,898 175,198
Real estate 4,890,000 + 220,000 5,110,000
Other assets 407,537 + 2,313 409,850
Total assets 6,291,251 +161,855 6,453,106

Mortgage 2,767,923 -15,791 2,752,132
Other debt 0 0 0
Total debt 2,767,923 -15,791 2,752,132
Change
Cash 19,721 +32,278 51,999
Investments 714,569 -8,510 706,059
Retirement acc 166,938 +8,260 175,198
Real estate 4,930,000 + 180,000 5,110,000
Other assets 396,389 + 13,461 409,850
Total assets 6,227,617 +225,489 6,453,106

Mortgage 2,770,723 -18,591 2,752,132
Other debt 0 0 0
Total debt 2,770,723 -18,591 2,752,132
Change
Cash 30,000 +21,999 51,999
Investments 328,000 +378,059 706,059
Retirement acc 75,000 +100,198 175,198
Real estate 4,630,000 + 480,000 5,110,000
Other assets 51,000 + 358,850 409,850
Total assets 5,114,000 +1,339,106 6,453,106

Mortgage 2,309,489 442,643 2,752,132
Other debt 0 0 0
Total debt 2,309,489 + 442,643 2,752,132

I am now 9.3% on my way to achive my FIRE target of NOK 10,000,000. This is -0.6 percentage points closer, compared to the last net worth update.

NOK 933,256 FIRE target: NOK 10,000,000


9.3%

FI portfolio

My FI portfolio now consists of NOK 706,059 (75.7%) in investments, NOK 175,198 (18.8%) in retirement accounts, and NOK 51,999 (5.6%) in cash.

Investments

Since my last update, my investments decreased with NOK -4,356 (-0.61%), 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 3,898 (2.28%), 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 3,110 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
3,110/month
(4.0% SWR)
2,721/month
(3.5% SWR)
2,333/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 7 months, in , and at that time I will be 48 years old.

By that time I will have invested/saved another NOK 3,825,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 5,241,744


Financial independence forecast