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Net worth update per


This is Musikpåhjernen's #7 net worth update. Please check out my profile here for more information. As of , my net worth increased to DKK 3,052,094 and my FI portfolio increased to DKK 1,283,084


Net worth

DKK 3,052,094

Since the last update on my net worth has increased with DKK 42,256 (+ 1.4 %).

FI portfolio

DKK 1,283,084

Since the last update on my FI portfolio has increased with DKK 38,345 (+ 3.08 %).

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 42,718 +10,028 52,746
Investments 228,819 +11,116 239,935
Retirement acc 973,202 +17,201 990,403
Real estate 2,235,000 0 2,235,000
Other assets 0 0 0
Total assets 3,479,739 +38,345 3,518,084

Mortgage 469,901 -3,911 465,990
Other debt 0 0 0
Total debt 469,901 -3,911 465,990
Change
Cash 43,560 +9,186 52,746
Investments 262,627 -22,692 239,935
Retirement acc 881,447 +108,956 990,403
Real estate 2,235,000 0 2,235,000
Other assets 0 0 0
Total assets 3,422,634 +95,450 3,518,084

Mortgage 495,120 -29,130 465,990
Other debt 0 0 0
Total debt 495,120 -29,130 465,990
Change
Cash 23,862 +28,884 52,746
Investments 259,655 -19,720 239,935
Retirement acc 881,447 +108,956 990,403
Real estate 2,235,000 0 2,235,000
Other assets 0 0 0
Total assets 3,399,964 +118,120 3,518,084

Mortgage 495,120 -29,130 465,990
Other debt 0 0 0
Total debt 495,120 -29,130 465,990

I am now 16.0% on my way to achive my FIRE target of DKK 8,000,000. This is 0.5 percentage points closer, compared to the last net worth update.

DKK 1,283,084 FIRE target: DKK 8,000,000


16.0%

FI portfolio

My FI portfolio now consists of DKK 239,935 (18.7%) in investments, DKK 990,403 (77.2%) in retirement accounts, and DKK 52,746 (4.1%) in cash.

Investments

Since my last update, my investments increased with DKK 11,116 (4.86%), of which DKK 15,000 was from contributions, and DKK -11,208 was from returns.

Since I started tracking, my total contributions have been DKK 437,000, and my total return has been DKK 907,293.

Retirement accounts

Since my last update, my retirement accounts increased with DKK 17,201 (1.77%), of which DKK 7,000 was from contributions , and DKK -4,791 was from returns.

Since I started tracking, my total contributions have been DKK 182,000, and my total return is DKK 130,086.




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

If I quit working today, my monthly pay out would be DKK 4,276 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
4,276/month
(4.0% SWR)
3,742/month
(3.5% SWR)
3,207/month
(3.0% SWR)


When can I retire?

FI date

My age

57

I am currently aiming to save/invest approximately DKK 20,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 8,000,000 in 8 years and 8 months, in , and at that time I will be 57 years old.

By that time I will have invested/saved another DKK 3,060,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 3,656,916


Financial independence forecast