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Net worth update per


This is _o_'s #50 net worth update. Please check out my profile here for more information. As of , my net worth decreased to GBP 5,117 and my FI portfolio decreased to GBP 5,664


Net worth

GBP 5,117

Since the last update on my net worth has decreased with GBP -389 ( -7.07 %).

FI portfolio

GBP 5,664

Since the last update on my FI portfolio has decreased with GBP -483 ( -7.86 %).

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 GBP.
Change
Cash 5,540 -533 5,007
Investments 0 0 0
Retirement acc 607 +50 657
Real estate 0 0 0
Other assets 0 0 0
Total assets 6,147 -483 5,664

Mortgage 0 0 0
Other debt 641 -94 547
Total debt 641 -94 547
Change
Cash 6,434 -1,427 5,007
Investments 0 0 0
Retirement acc 546 +111 657
Real estate 0 0 0
Other assets 0 0 0
Total assets 6,980 -1,316 5,664

Mortgage 0 0 0
Other debt 326 + 221 547
Total debt 326 + 221 547
Change
Cash 83 +4,924 5,007
Investments 0 0 0
Retirement acc 0 +657 657
Real estate 0 0 0
Other assets 0 0 0
Total assets 83 +5,581 5,664

Mortgage 0 0 0
Other debt 0 + 547 547
Total debt 0 + 547 547

I am now 0.4% on my way to achive my FIRE target of GBP 1,260,000. This is -0.0 percentage points closer, compared to the last net worth update.

GBP 5,664 FIRE target: GBP 1,260,000


0.4%

FI portfolio

My FI portfolio now consists of GBP 657 (11.6%) in retirement accounts, and GBP 5,007 (88.4%) in cash.

Investments

Since my last update, my investments decreased with GBP 0 (0%).

Retirement accounts

Since my last update, my retirement accounts increased with GBP 50 (8.24%).




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

If I quit working today, my monthly pay out would be GBP 18 for the rest of my life.


Monthly SWR amount
Retire today with (GBP)
18/month
(4.0% SWR)
16/month
(3.5% SWR)
14/month
(3.0% SWR)


When can I retire?

FI date

My age

40

I am currently aiming to save/invest approximately GBP 2,600 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of GBP 1,260,000 in 11 years and 11 months, in , and at that time I will be 40 years old.

By that time I will have invested/saved another GBP 598,000, while the rest will be return on my existing FI portfolio and the new investments, in total GBP 656,336


Financial independence forecast