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Net worth update per


This is CanadianTeacher's #13 net worth update. Please check out my profile here for more information. As of , my net worth increased to CAD 43,838 and my FI portfolio decreased to CAD 17,530


Net worth

CAD 43,838

Since the last update on my net worth has increased with CAD 7,836 (+ 21.77 %).

FI portfolio

CAD 17,530

Since the last update on my FI portfolio has decreased with CAD -14,472 ( -45.22 %).

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 10,000 +2,050 12,050
Investments 0 0 0
Retirement acc 22,002 -16,522 5,480
Real estate 0 + 330,000 330,000
Other assets 4,000 + 1,000 5,000
Total assets 36,002 +316,528 352,530

Mortgage 0 308,692 308,692
Other debt 0 0 0
Total debt 0 308,692 308,692
Change
Cash 10,000 +2,050 12,050
Investments 0 0 0
Retirement acc 22,002 -16,522 5,480
Real estate 0 + 330,000 330,000
Other assets 4,000 + 1,000 5,000
Total assets 36,002 +316,528 352,530

Mortgage 0 308,692 308,692
Other debt 0 0 0
Total debt 0 308,692 308,692
Change
Cash 3,877 +8,173 12,050
Investments 0 0 0
Retirement acc 10,284 -4,804 5,480
Real estate 0 + 330,000 330,000
Other assets 2,000 + 3,000 5,000
Total assets 16,161 +336,369 352,530

Mortgage 0 308,692 308,692
Other debt 2,270 -2,270 0
Total debt 2,270 + 306,422 308,692

I am now 2.2% on my way to achive my FIRE target of CAD 800,000. This is -1.8 percentage points closer, compared to the last net worth update.

CAD 17,530 FIRE target: CAD 800,000


2.2%

FI portfolio

My FI portfolio now consists of CAD 5,480 (31.3%) in retirement accounts, and CAD 12,050 (68.7%) in cash.

Retirement accounts

Since my last update, my retirement accounts decreased with CAD -16,522 (-75.09%), of which CAD 2,350 was from contributions , and CAD 534 was from returns.




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

If I quit working today, my monthly pay out would be CAD 58 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
58/month
(4.0% SWR)
51/month
(3.5% SWR)
43/month
(3.0% SWR)


When can I retire?

FI date

My age

47

I am currently aiming to save/invest approximately CAD 1,200 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 800,000 in 19 years and 1 months, in , and at that time I will be 47 years old.

By that time I will have invested/saved another CAD 296,400, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 486,070


Financial independence forecast