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Net worth update per


This is Chessines's #30 net worth update. Please check out my profile here for more information. As of , my net worth decreased to NOK 10,331,500 and my FI portfolio decreased to NOK 7,313,000


Net worth

NOK 10,331,500

Since the last update on my net worth has decreased with NOK -137,000 ( -1.31 %).

FI portfolio

NOK 7,313,000

Since the last update on my FI portfolio has decreased with NOK -242,000 ( -3.2 %).

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 NOK.
Change
Cash 0 0 0
Investments 6,258,000 -193,000 6,065,000
Retirement acc 1,297,000 -49,000 1,248,000
Real estate 7,900,000 + 100,000 8,000,000
Other assets 0 0 0
Total assets 15,455,000 -142,000 15,313,000

Mortgage 4,640,000 -5,000 4,635,000
Other debt 346,500 0 346,500
Total debt 4,986,500 -5,000 4,981,500
Change
Cash 0 0 0
Investments 6,102,000 -37,000 6,065,000
Retirement acc 1,319,000 -71,000 1,248,000
Real estate 6,500,000 + 1,500,000 8,000,000
Other assets 0 0 0
Total assets 13,921,000 +1,392,000 15,313,000

Mortgage 3,840,000 795,000 4,635,000
Other debt 350,000 -3,500 346,500
Total debt 4,190,000 791,500 4,981,500
Change
Cash 50,000 -50,000 0
Investments 2,270,000 +3,795,000 6,065,000
Retirement acc 735,000 +513,000 1,248,000
Real estate 5,700,000 + 2,300,000 8,000,000
Other assets 180,000 -180,000 0
Total assets 8,935,000 +6,378,000 15,313,000

Mortgage 2,385,000 2,250,000 4,635,000
Other debt 372,000 -25,500 346,500
Total debt 2,757,000 + 2,224,500 4,981,500

I am now 48.8% on my way to achive my FIRE target of NOK 15,000,000. This is -1.6 percentage points closer, compared to the last net worth update.

NOK 7,313,000 FIRE target: NOK 15,000,000


48.8%

FI portfolio

My FI portfolio now consists of NOK 6,065,000 (82.9%) in investments, NOK 1,248,000 (17.1%) in retirement accounts, and NOK 0 (0.0%) in cash.

Investments

Since my last update, my investments decreased with NOK -193,000 (-3.08%).

Since I started tracking, my total contributions have been NOK 3,545,000, and my total return has been NOK 4,783,000.

Retirement accounts

Since my last update, my retirement accounts decreased with NOK -49,000 (-3.78%), of which NOK 7,000 was from contributions , and NOK -61,000 was from returns.

Since I started tracking, my total contributions have been NOK 473,500, and my total return is NOK 891,500.




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

If I quit working today, my monthly pay out would be NOK 24,376 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
24,376/month
(4.0% SWR)
21,329/month
(3.5% SWR)
18,282/month
(3.0% SWR)


When can I retire?

FI date

My age

58

I am currently aiming to save/invest approximately NOK 7,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 15,000,000 in 5 years and 10 months, in , and at that time I will be 58 years old.

By that time I will have invested/saved another NOK 693,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 6,994,000


Financial independence forecast