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Net worth update per


This is Frinans's #8 net worth update. Please check out my profile here for more information. As of , my net worth increased to DKK 2,398,000 and my FI portfolio increased to DKK 2,089,000


Net worth

DKK 2,398,000

Since the last update on my net worth has increased with DKK 50,178 (+ 2.14 %).

FI portfolio

DKK 2,089,000

Since the last update on my FI portfolio has increased with DKK 62,178 (+ 3.07 %).

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.
Change
Cash 150,000 0 150,000
Investments 1,376,714 +48,286 1,425,000
Retirement acc 500,108 +13,892 514,000
Real estate 0 0 0
Other assets 321,000 -12,000 309,000
Total assets 2,347,822 +50,178 2,398,000

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
Change
Cash 150,000 0 150,000
Investments 1,136,012 +288,988 1,425,000
Retirement acc 441,549 +72,451 514,000
Real estate 0 0 0
Other assets 194,000 + 115,000 309,000
Total assets 1,921,561 +476,439 2,398,000

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
Change
Cash 150,000 0 150,000
Investments 1,136,012 +288,988 1,425,000
Retirement acc 441,549 +72,451 514,000
Real estate 0 0 0
Other assets 194,000 + 115,000 309,000
Total assets 1,921,561 +476,439 2,398,000

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0

I am now 83.6% on my way to achive my FIRE target of DKK 2,500,000. This is 2.5 percentage points closer, compared to the last net worth update.

DKK 2,089,000 FIRE target: DKK 2,500,000


83.6%

FI portfolio

My FI portfolio now consists of DKK 1,425,000 (68.2%) in investments, DKK 514,000 (24.6%) in retirement accounts, and DKK 150,000 (7.2%) in cash.

Investments

Since my last update, my investments increased with DKK 48,286 (3.51%), of which DKK 20,000 was from contributions, and DKK -18,000 was from returns.

Since I started tracking, my total contributions have been DKK 140,200, and my total return has been DKK 150,788.

Retirement accounts

Since my last update, my retirement accounts increased with DKK 13,892 (2.78%), of which DKK 1,245 was from contributions , and DKK -1,245 was from returns.

Since I started tracking, my total contributions have been DKK 18,760, and my total return is DKK 53,691.




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

If I quit working today, my monthly pay out would be DKK 6,963 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
6,963/month
(4.0% SWR)
6,092/month
(3.5% SWR)
5,222/month
(3.0% SWR)


When can I retire?

FI date

My age

38

I am currently aiming to save/invest approximately DKK 15,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 2,500,000 in 0 years and -8 months, in , and at that time I will be 38 years old.

By that time I will have invested/saved another DKK 195,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 216,000


Financial independence forecast