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Net worth update per


This is goal_oriented's #5 net worth update. Please check out my profile here for more information. As of , my net worth increased to CAD 118,890 and my FI portfolio increased to CAD 118,890


Net worth

CAD 118,890

Since the last update on my net worth has increased with CAD 4,706 (+ 4.12 %).

FI portfolio

CAD 118,890

Since the last update on my FI portfolio has increased with CAD 4,706 (+ 4.12 %).

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.
Change
Cash 8,020 -20 8,000
Investments 45,344 +3,366 48,710
Retirement acc 60,820 +1,360 62,180
Real estate 0 0 0
Other assets 0 0 0
Total assets 114,184 +4,706 118,890

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
Change
Cash 7,000 +1,000 8,000
Investments 35,000 +13,710 48,710
Retirement acc 60,000 +2,180 62,180
Real estate 0 0 0
Other assets 0 0 0
Total assets 102,000 +16,890 118,890

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
Change
Cash 7,000 +1,000 8,000
Investments 35,000 +13,710 48,710
Retirement acc 60,000 +2,180 62,180
Real estate 0 0 0
Other assets 0 0 0
Total assets 102,000 +16,890 118,890

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0

I am now 8.5% on my way to achive my FIRE target of CAD 1,400,000. This is 0.3 percentage points closer, compared to the last net worth update.

CAD 118,890 FIRE target: CAD 1,400,000


8.5%

FI portfolio

My FI portfolio now consists of CAD 48,710 (41.0%) in investments, CAD 62,180 (52.3%) in retirement accounts, and CAD 8,000 (6.7%) in cash.

Investments

Since my last update, my investments increased with CAD 3,366 (7.42%), of which CAD 6,900 was from contributions, and CAD 3,000 was from returns.

Since I started tracking, my total contributions have been CAD 224,267, and my total return has been CAD 322,833.

Retirement accounts

Since my last update, my retirement accounts increased with CAD 1,360 (2.24%).

Since I started tracking, my total contributions have been CAD 126,832, and my total return is CAD 57,168.




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

If I quit working today, my monthly pay out would be CAD 396 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
396/month
(4.0% SWR)
346/month
(3.5% SWR)
297/month
(3.0% SWR)


When can I retire?

FI date

My age

31

I am currently aiming to save/invest approximately CAD 25,000 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 -1 years and -11 months, in , and at that time I will be 31 years old.

By that time I will have invested/saved another CAD 1,100,000, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 181,110


Financial independence forecast