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Net worth update per October 29th 2022


This is cybernaut's #38 net worth update. Please check out my profile here for more information. As of October 29th 2022, my net worth increased to GBP 809,350 and my FI portfolio increased to GBP 526,200


Net worth

GBP 809,350

Since the last update on September 30th 2022 my net worth has increased with GBP 865 (+ 0.11 %).

FI portfolio

GBP 526,200

Since the last update on September 30th 2022 my FI portfolio has increased with GBP 600 (+ 0.11 %).

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 GBP.
30 Sep 22 Change 29 Oct 22
Cash 6,000 0 6,000
Investments 143,500 +3,400 146,900
Retirement acc 376,100 -2,800 373,300
Real estate 300,000 0 300,000
Other assets 0 0 0
Total assets 825,600 +600 826,200

Mortgage 17,115 -265 16,850
Other debt 0 0 0
Total debt 17,115 -265 16,850
31 Dec 21 Change 29 Oct 22
Cash 6,000 0 6,000
Investments 173,800 -26,900 146,900
Retirement acc 407,700 -34,400 373,300
Real estate 300,000 0 300,000
Other assets 0 0 0
Total assets 887,500 -61,300 826,200

Mortgage 19,610 -2,760 16,850
Other debt 0 0 0
Total debt 19,610 -2,760 16,850
29 Sep 19 Change 29 Oct 22
Cash 6,000 0 6,000
Investments 89,000 +57,900 146,900
Retirement acc 283,000 +90,300 373,300
Real estate 280,000 + 20,000 300,000
Other assets 0 0 0
Total assets 658,000 +168,200 826,200

Mortgage 27,000 -10,150 16,850
Other debt 0 0 0
Total debt 27,000 -10,150 16,850

I am now 42.1% on my way to achive my FIRE target of GBP 1,250,000. This is 0.0 percentage points closer, compared to the last net worth update.

GBP 526,200 FIRE target: GBP 1,250,000


42.1%

FI portfolio

My FI portfolio now consists of GBP 146,900 (27.9%) in investments, GBP 373,300 (70.9%) in retirement accounts, and GBP 6,000 (1.1%) in cash.

Investments

Since my last update, my investments increased with GBP 3,400 (2.37%), of which GBP 100 was from contributions, and GBP 11,100 was from returns.

Since I started tracking, my total contributions have been GBP 140,900, and my total return has been GBP 20,300.

Retirement accounts

Since my last update, my retirement accounts decreased with GBP -2,800 (-0.74%), of which GBP 3,477 was from contributions , and GBP 26,423 was from returns.

Since I started tracking, my total contributions have been GBP 123,665, and my total return is GBP 116,635.




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

If I quit working today, my monthly pay out would be GBP 1,754 for the rest of my life.


Monthly SWR amount
Retire today with (GBP)
1,754/month
(4.0% SWR)
1,534/month
(3.5% SWR)
1,315/month
(3.0% SWR)


When can I retire?

FI date

July 2028

My age

51

I am currently aiming to save/invest approximately GBP 3,470 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of GBP 1,250,000 in 3 years and 1 months, in July 2028, and at that time I will be 51 years old.

By that time I will have invested/saved another GBP 239,430, while the rest will be return on my existing FI portfolio and the new investments, in total GBP 484,370


Financial independence forecast