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Net worth update per


This is Klimahelt's #7 net worth update. Please check out my profile here for more information. As of , my net worth decreased to DKK 1,328,038 and my FI portfolio decreased to DKK 695,247


Net worth

DKK 1,328,038

Since the last update on my net worth has decreased with DKK -58,553 ( -4.22 %).

FI portfolio

DKK 695,247

Since the last update on my FI portfolio has decreased with DKK -70,196 ( -9.17 %).

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 DKK.
Change
Cash 102,887 -16,357 86,530
Investments 215,558 -27,103 188,455
Retirement acc 446,998 -26,736 420,262
Real estate 4,350,000 0 4,350,000
Other assets 75,268 + 71 75,339
Total assets 5,190,711 -70,125 5,120,586

Mortgage 2,997,369 -2,260 2,995,109
Other debt 806,751 -9,312 797,439
Total debt 3,804,120 -11,572 3,792,548
Change
Cash 203,420 -116,890 86,530
Investments 251,923 -63,468 188,455
Retirement acc 458,909 -38,647 420,262
Real estate 3,900,000 + 450,000 4,350,000
Other assets 41,838 + 33,501 75,339
Total assets 4,856,090 +264,496 5,120,586

Mortgage 2,976,045 19,064 2,995,109
Other debt 876,374 -78,935 797,439
Total debt 3,852,419 -59,871 3,792,548
Change
Cash 203,420 -116,890 86,530
Investments 251,923 -63,468 188,455
Retirement acc 458,909 -38,647 420,262
Real estate 3,900,000 + 450,000 4,350,000
Other assets 41,838 + 33,501 75,339
Total assets 4,856,090 +264,496 5,120,586

Mortgage 2,976,045 19,064 2,995,109
Other debt 876,374 -78,935 797,439
Total debt 3,852,419 -59,871 3,792,548

I am now 8.3% on my way to achive my FIRE target of DKK 8,400,000. This is -0.8 percentage points closer, compared to the last net worth update.

DKK 695,247 FIRE target: DKK 8,400,000


8.3%

FI portfolio

My FI portfolio now consists of DKK 188,455 (27.1%) in investments, DKK 420,262 (60.4%) in retirement accounts, and DKK 86,530 (12.4%) in cash.

Investments

Since my last update, my investments decreased with DKK -27,103 (-12.57%), of which DKK -1,133 was from withdrawals, and DKK 1,133 was from returns.

Retirement accounts

Since my last update, my retirement accounts decreased with DKK -26,736 (-5.98%), of which DKK 17,188 was from contributions , and DKK -13,652 was from returns.

Since I started tracking, my total contributions have been DKK 323,290, and my total return is DKK -38,467.




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

If I quit working today, my monthly pay out would be DKK 2,317 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
2,317/month
(4.0% SWR)
2,027/month
(3.5% SWR)
1,738/month
(3.0% SWR)


When can I retire?

FI date

My age

54

I am currently aiming to save/invest approximately DKK 20,000 each month.

Assuming an annual return of 5% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 8,400,000 in 15 years and 9 months, in , and at that time I will be 54 years old.

By that time I will have invested/saved another DKK 4,240,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 3,464,753


Financial independence forecast