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Net worth update per September 7th 2022


This is goal_oriented's #59 net worth update. Please check out my profile here for more information. As of September 7th 2022, my net worth decreased to CAD 317,200 and my FI portfolio decreased to CAD 264,600


Net worth

CAD 317,200

Since the last update on August 16th 2022 my net worth has decreased with CAD -18,000 ( -5.37 %).

FI portfolio

CAD 264,600

Since the last update on August 16th 2022 my FI portfolio has decreased with CAD -18,000 ( -6.37 %).

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 CAD.
16 Aug 22 Change 7 Sep 22
Cash 21,100 -800 20,300
Investments 126,900 -4,900 122,000
Retirement acc 134,600 -12,300 122,300
Real estate 230,000 0 230,000
Other assets 0 0 0
Total assets 512,600 -18,000 494,600

Mortgage 177,400 0 177,400
Other debt 0 0 0
Total debt 177,400 0 177,400
1 Dec 21 Change 7 Sep 22
Cash 58,000 -37,700 20,300
Investments 127,500 -5,500 122,000
Retirement acc 110,300 +12,000 122,300
Real estate 0 + 230,000 230,000
Other assets 0 0 0
Total assets 295,800 +198,800 494,600

Mortgage 0 177,400 177,400
Other debt 0 0 0
Total debt 0 177,400 177,400
23 Aug 19 Change 7 Sep 22
Cash 7,000 +13,300 20,300
Investments 35,000 +87,000 122,000
Retirement acc 60,000 +62,300 122,300
Real estate 0 + 230,000 230,000
Other assets 0 0 0
Total assets 102,000 +392,600 494,600

Mortgage 0 177,400 177,400
Other debt 0 0 0
Total debt 0 + 177,400 177,400

I am now 18.9% on my way to achive my FIRE target of CAD 1,400,000. This is -1.3 percentage points closer, compared to the last net worth update.

CAD 264,600 FIRE target: CAD 1,400,000


18.9%

FI portfolio

My FI portfolio now consists of CAD 122,000 (46.1%) in investments, CAD 122,300 (46.2%) in retirement accounts, and CAD 20,300 (7.7%) in cash.

Investments

Since my last update, my investments decreased with CAD -4,900 (-3.86%), of which CAD 4,800 was from contributions, and CAD -2,600 was from returns.

Since I started tracking, my total contributions have been CAD 229,067, and my total return has been CAD 320,233.

Retirement accounts

Since my last update, my retirement accounts decreased with CAD -12,300 (-9.14%).

Since I started tracking, my total contributions have been CAD 126,832, and my total return is CAD 56,768.




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

If I quit working today, my monthly pay out would be CAD 882 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
882/month
(4.0% SWR)
771/month
(3.5% SWR)
661/month
(3.0% SWR)


When can I retire?

FI date

April 2026

My age

33

I am currently aiming to save/invest approximately CAD 22,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 1,400,000 in 0 years and 9 months, in April 2026, and at that time I will be 33 years old.

By that time I will have invested/saved another CAD 946,000, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 189,400


Financial independence forecast