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Net worth update per December 31st 2022


This is Pilotmol's #40 net worth update. Please check out my profile here for more information. As of December 31st 2022, my net worth decreased to DKK 5,666,980 and my FI portfolio decreased to DKK 4,076,980


Net worth

DKK 5,666,980

Since the last update on November 30th 2022 my net worth has decreased with DKK -118,036 ( -2.04 %).

FI portfolio

DKK 4,076,980

Since the last update on November 30th 2022 my FI portfolio has decreased with DKK -152,383 ( -3.6 %).

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 DKK.
30 Nov 22 Change 31 Dec 22
Cash 70,200 -21,966 48,234
Investments 1,005,883 -72,939 932,944
Retirement acc 3,153,280 -57,478 3,095,802
Real estate 3,690,000 0 3,690,000
Other assets 0 0 0
Total assets 7,919,363 -152,383 7,766,980

Mortgage 2,134,347 -34,347 2,100,000
Other debt 0 0 0
Total debt 2,134,347 -34,347 2,100,000
31 Dec 21 Change 31 Dec 22
Cash 64,108 -15,874 48,234
Investments 1,000,316 -67,372 932,944
Retirement acc 3,517,856 -422,054 3,095,802
Real estate 3,080,000 + 610,000 3,690,000
Other assets 0 0 0
Total assets 7,662,280 +104,700 7,766,980

Mortgage 2,223,348 -123,348 2,100,000
Other debt 0 0 0
Total debt 2,223,348 -123,348 2,100,000
25 Sep 19 Change 31 Dec 22
Cash 374,077 -325,843 48,234
Investments 0 +932,944 932,944
Retirement acc 2,179,400 +916,402 3,095,802
Real estate 2,690,000 + 1,000,000 3,690,000
Other assets 0 0 0
Total assets 5,243,477 +2,523,503 7,766,980

Mortgage 2,509,409 -409,409 2,100,000
Other debt 0 0 0
Total debt 2,509,409 -409,409 2,100,000

I am now 40.8% on my way to achive my FIRE target of DKK 10,000,000. This is -1.5 percentage points closer, compared to the last net worth update.

DKK 4,076,980 FIRE target: DKK 10,000,000


40.8%

FI portfolio

My FI portfolio now consists of DKK 932,944 (22.9%) in investments, DKK 3,095,802 (75.9%) in retirement accounts, and DKK 48,234 (1.2%) in cash.

Investments

Since my last update, my investments decreased with DKK -72,939 (-7.25%).

Since I started tracking, my total contributions have been DKK 126,258, and my total return has been DKK 1,113,742.

Retirement accounts

Since my last update, my retirement accounts decreased with DKK -57,478 (-1.82%).

Since I started tracking, my total contributions have been DKK 13,000, and my total return is DKK 1,857,600.




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

If I quit working today, my monthly pay out would be DKK 13,589 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
13,589/month
(4.0% SWR)
11,891/month
(3.5% SWR)
10,192/month
(3.0% SWR)


When can I retire?

FI date

March 2029

My age

53

I am currently aiming to save/invest approximately DKK 40,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 10,000,000 in 3 years and 10 months, in March 2029, and at that time I will be 53 years old.

By that time I will have invested/saved another DKK 3,000,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 2,923,020


Financial independence forecast