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This is Fireleap's #49 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 17,037,000 and my FI portfolio decreased to NOK 10,412,000


Net worth

NOK 17,037,000

Since the last update on my net worth has increased with NOK 247,000 (+ 1.47 %).

FI portfolio

NOK 10,412,000

Since the last update on my FI portfolio has decreased with NOK -1,746,000 ( -14.36 %).

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 1,580,000 +970,000 2,550,000
Investments 9,592,000 -2,842,000 6,750,000
Retirement acc 986,000 +126,000 1,112,000
Real estate 6,800,000 + 200,000 7,000,000
Other assets 329,000 -10,000 319,000
Total assets 19,287,000 -1,556,000 17,731,000

Mortgage 2,378,000 -1,800,000 578,000
Other debt 119,000 -3,000 116,000
Total debt 2,497,000 -1,803,000 694,000
Change
Cash 1,389,000 +1,161,000 2,550,000
Investments 4,191,000 +2,559,000 6,750,000
Retirement acc 873,000 +239,000 1,112,000
Real estate 6,800,000 + 200,000 7,000,000
Other assets 336,000 -17,000 319,000
Total assets 13,589,000 +4,142,000 17,731,000

Mortgage 2,378,000 -1,800,000 578,000
Other debt 121,000 -5,000 116,000
Total debt 2,499,000 -1,805,000 694,000
Change
Cash 359,000 +2,191,000 2,550,000
Investments 1,530,000 +5,220,000 6,750,000
Retirement acc 300,000 +812,000 1,112,000
Real estate 4,853,000 + 2,147,000 7,000,000
Other assets 150,000 + 169,000 319,000
Total assets 7,192,000 +10,539,000 17,731,000

Mortgage 2,721,000 -2,143,000 578,000
Other debt 180,000 -64,000 116,000
Total debt 2,901,000 -2,207,000 694,000

I am now 41.6% on my way to achive my FIRE target of NOK 25,000,000. This is -7.0 percentage points closer, compared to the last net worth update.

NOK 10,412,000 FIRE target: NOK 25,000,000


41.6%

FI portfolio

My FI portfolio now consists of NOK 6,750,000 (64.8%) in investments, NOK 1,112,000 (10.7%) in retirement accounts, and NOK 2,550,000 (24.5%) in cash.

Investments

Since my last update, my investments decreased with NOK -2,842,000 (-29.63%).

Since I started tracking, my total contributions have been NOK 34,000, and my total return has been NOK 5,186,000.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 126,000 (12.78%).

Since I started tracking, my total contributions have been NOK 271,200, and my total return is NOK 540,800.




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

If I quit working today, my monthly pay out would be NOK 34,706 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
34,706/month
(4.0% SWR)
30,368/month
(3.5% SWR)
26,030/month
(3.0% SWR)


When can I retire?

FI date

My age

46

I am currently aiming to save/invest approximately NOK 60,000 each month.

Assuming an annual return of 9% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 25,000,000 in 6 years and 3 months, in , and at that time I will be 46 years old.

By that time I will have invested/saved another NOK 5,160,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 9,428,000


Financial independence forecast