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Net worth update per June 3rd 2022


This is wornoutTuna1's #3 net worth update. Please check out my profile here for more information. As of June 3rd 2022, my net worth decreased to NOK 1,086,910 and my FI portfolio increased to NOK 533,705


Net worth

NOK 1,086,910

Since the last update on June 2nd 2022 my net worth has decreased with NOK -260 ( -0.02 %).

FI portfolio

NOK 533,705

Since the last update on June 2nd 2022 my FI portfolio has increased with NOK 535 (+ 0.1 %).

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.
2 Jun 22 Change 3 Jun 22
Cash 224,000 -1,995 222,005
Investments 226,500 +2,200 228,700
Retirement acc 82,670 +330 83,000
Real estate 2,000,000 0 2,000,000
Other assets 9,000 0 9,000
Total assets 2,542,170 +535 2,542,705

Mortgage 1,100,000 0 1,100,000
Other debt 355,000 + 795 355,795
Total debt 1,455,000 + 795 1,455,795
26 May 22 Change 3 Jun 22
Cash 229,669 -7,664 222,005
Investments 218,295 +10,405 228,700
Retirement acc 79,959 +3,041 83,000
Real estate 2,000,000 0 2,000,000
Other assets 8,000 + 1,000 9,000
Total assets 2,535,923 +6,782 2,542,705

Mortgage 1,105,445 -5,445 1,100,000
Other debt 354,482 + 1,313 355,795
Total debt 1,459,927 + -4,132 1,455,795
26 May 22 Change 3 Jun 22
Cash 229,669 -7,664 222,005
Investments 218,295 +10,405 228,700
Retirement acc 79,959 +3,041 83,000
Real estate 2,000,000 0 2,000,000
Other assets 8,000 + 1,000 9,000
Total assets 2,535,923 +6,782 2,542,705

Mortgage 1,105,445 -5,445 1,100,000
Other debt 354,482 + 1,313 355,795
Total debt 1,459,927 -4,132 1,455,795

I am now 9.2% on my way to achive my FIRE target of NOK 5,800,000. This is 0.0 percentage points closer, compared to the last net worth update.

NOK 533,705 FIRE target: NOK 5,800,000


9.2%

FI portfolio

My FI portfolio now consists of NOK 228,700 (42.9%) in investments, NOK 83,000 (15.6%) in retirement accounts, and NOK 222,005 (41.6%) in cash.

Investments

Since my last update, my investments increased with NOK 2,200 (0.97%).

Since I started tracking, my total contributions have been NOK 141,000, and my total return has been NOK 405,243.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 330 (0.4%).

Since I started tracking, my total contributions have been NOK 20,480, and my total return is NOK 114,822.




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

If I quit working today, my monthly pay out would be NOK 1,779 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
1,779/month
(4.0% SWR)
1,556/month
(3.5% SWR)
1,334/month
(3.0% SWR)


When can I retire?

FI date

September 2042

My age

48

I am currently aiming to save/invest approximately NOK 4,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 5,800,000 in 17 years and 3 months, in September 2042, and at that time I will be 48 years old.

By that time I will have invested/saved another NOK 972,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 4,294,295


Financial independence forecast