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Net worth update per October 1st 2022


This is KR17's #33 net worth update. Please check out my profile here for more information. As of October 1st 2022, my net worth decreased to AUD 357,538 and my FI portfolio decreased to AUD 185,550


Net worth

AUD 357,538

Since the last update on September 2nd 2022 my net worth has decreased with AUD -5,977 ( -1.64 %).

FI portfolio

AUD 185,550

Since the last update on September 2nd 2022 my FI portfolio has decreased with AUD -6,706 ( -3.49 %).

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 AUD.
2 Sep 22 Change 1 Oct 22
Cash 10,427 -6,367 4,060
Investments 20,305 +1,762 22,067
Retirement acc 161,524 -2,101 159,423
Real estate 1,288,000 0 1,288,000
Other assets 10,000 0 10,000
Total assets 1,490,256 -6,706 1,483,550

Mortgage 1,110,542 -668 1,109,874
Other debt 16,199 -61 16,138
Total debt 1,126,741 -729 1,126,012
1 Dec 21 Change 1 Oct 22
Cash 8,634 -4,574 4,060
Investments 28,346 -6,279 22,067
Retirement acc 158,097 +1,326 159,423
Real estate 1,250,000 + 38,000 1,288,000
Other assets 10,000 0 10,000
Total assets 1,455,077 +28,473 1,483,550

Mortgage 1,118,273 -8,399 1,109,874
Other debt 34,721 -18,583 16,138
Total debt 1,152,994 -26,982 1,126,012
31 Dec 19 Change 1 Oct 22
Cash 5,000 -940 4,060
Investments 15,000 +7,067 22,067
Retirement acc 90,000 +69,423 159,423
Real estate 560,000 + 728,000 1,288,000
Other assets 10,000 0 10,000
Total assets 680,000 +803,550 1,483,550

Mortgage 503,000 606,874 1,109,874
Other debt 60,000 -43,862 16,138
Total debt 563,000 + 563,012 1,126,012

I am now 9.3% on my way to achive my FIRE target of AUD 2,000,000. This is -0.3 percentage points closer, compared to the last net worth update.

AUD 185,550 FIRE target: AUD 2,000,000


9.3%

FI portfolio

My FI portfolio now consists of AUD 22,067 (11.9%) in investments, AUD 159,423 (85.9%) in retirement accounts, and AUD 4,060 (2.2%) in cash.

Investments

Since my last update, my investments increased with AUD 1,762 (8.68%).

Since I started tracking, my total contributions have been AUD 3,732, and my total return has been AUD 7,646.

Retirement accounts

Since my last update, my retirement accounts decreased with AUD -2,101 (-1.3%).

Since I started tracking, my total contributions have been AUD 23,316, and my total return is AUD 147,380.




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

If I quit working today, my monthly pay out would be AUD 618 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
618/month
(4.0% SWR)
541/month
(3.5% SWR)
463/month
(3.0% SWR)


When can I retire?

FI date

May 2042

My age

51

I am currently aiming to save/invest approximately AUD 1,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 2,000,000 in 16 years and 11 months, in May 2042, and at that time I will be 51 years old.

By that time I will have invested/saved another AUD 235,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 1,579,450


Financial independence forecast