This is my first net worth update, hence it will be limited. Later updates will contain more details. Please check out my profile here for more information. As of 2022-11-01T00:00:00Z, my net worth was AUD 1,685,816 and my FI portfolio was AUD 811,178.
I am now 40.6% on my way to achive my FIRE target of AUD 2,000,000.
My FI portfolio now consists of AUD 3,783 (0.5%) in investments, AUD 408,515 (50.4%) in retirement accounts, and AUD 398,880 (49.2%) in cash.
If I quit working today, my monthly pay out would be AUD 2,703 for the rest of my life.
I am currently aiming to save/invest
Assuming an annual return of 6% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 2,000,000 in 8 years and 7 months, in 2031-08-01T00:00:00Z, and at that time I will be 50 years old.
By that time I will have invested/saved another AUD 630,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 558,822