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Net worth update per


This is grodt's #5 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 5,463,623 and my FI portfolio increased to NOK 3,658,623


Net worth

NOK 5,463,623

Since the last update on my net worth has increased with NOK 80,623 (+ 1.5 %).

FI portfolio

NOK 3,658,623

Since the last update on my FI portfolio has increased with NOK 71,623 (+ 2.0 %).

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 90,000 +60,000 150,000
Investments 3,497,000 +11,623 3,508,623
Retirement acc 0 0 0
Real estate 3,150,000 0 3,150,000
Other assets 0 0 0
Total assets 6,737,000 +71,623 6,808,623

Mortgage 1,135,000 -5,000 1,130,000
Other debt 219,000 -4,000 215,000
Total debt 1,354,000 -9,000 1,345,000
Change
Cash 50,000 +100,000 150,000
Investments 3,150,000 +358,623 3,508,623
Retirement acc 0 0 0
Real estate 3,150,000 0 3,150,000
Other assets 0 0 0
Total assets 6,350,000 +458,623 6,808,623

Mortgage 1,150,000 -20,000 1,130,000
Other debt 230,000 -15,000 215,000
Total debt 1,380,000 -35,000 1,345,000
Change
Cash 50,000 +100,000 150,000
Investments 3,150,000 +358,623 3,508,623
Retirement acc 0 0 0
Real estate 3,150,000 0 3,150,000
Other assets 0 0 0
Total assets 6,350,000 +458,623 6,808,623

Mortgage 1,150,000 -20,000 1,130,000
Other debt 230,000 -15,000 215,000
Total debt 1,380,000 -35,000 1,345,000

I am now 30.5% on my way to achive my FIRE target of NOK 12,000,000. This is 0.6 percentage points closer, compared to the last net worth update.

NOK 3,658,623 FIRE target: NOK 12,000,000


30.5%

FI portfolio

My FI portfolio now consists of NOK 3,508,623 (95.9%) in investments, and NOK 150,000 (4.1%) in cash.

Investments

Since my last update, my investments increased with NOK 11,623 (0.33%), of which NOK 25,000 was from contributions, and NOK 63,000 was from returns.

Since I started tracking, my total contributions have been NOK 285,000, and my total return has been NOK 633,000.

Retirement accounts

Since my last update, my retirement accounts decreased with NOK 0 (0%), of which NOK 9,000 was from contributions , and NOK 6,000 was from returns.

Since I started tracking, my total contributions have been NOK 77,246, and my total return is NOK 904,754.




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

If I quit working today, my monthly pay out would be NOK 12,195 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
12,195/month
(4.0% SWR)
10,670/month
(3.5% SWR)
9,146/month
(3.0% SWR)


When can I retire?

FI date

My age

53

I am currently aiming to save/invest approximately NOK 30,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 12,000,000 in 8 years and 9 months, in , and at that time I will be 53 years old.

By that time I will have invested/saved another NOK 3,480,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 4,861,377


Financial independence forecast