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Net worth update per


This is Musikpåhjernen's #12 net worth update. Please check out my profile here for more information. As of , my net worth increased to DKK 3,305,969 and my FI portfolio increased to DKK 1,501,437


Net worth

DKK 3,305,969

Since the last update on my net worth has increased with DKK 46,604 (+ 1.43 %).

FI portfolio

DKK 1,501,437

Since the last update on my FI portfolio has increased with DKK 40,219 (+ 2.75 %).

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 42,234 -10,244 31,990
Investments 382,334 +37,742 420,076
Retirement acc 1,036,650 +12,721 1,049,371
Real estate 2,235,000 0 2,235,000
Other assets 0 0 0
Total assets 3,696,218 +40,219 3,736,437

Mortgage 436,853 -6,385 430,468
Other debt 0 0 0
Total debt 436,853 -6,385 430,468
Change
Cash 43,560 -11,570 31,990
Investments 262,627 +157,449 420,076
Retirement acc 881,447 +167,924 1,049,371
Real estate 2,235,000 0 2,235,000
Other assets 0 0 0
Total assets 3,422,634 +313,803 3,736,437

Mortgage 495,120 -64,652 430,468
Other debt 0 0 0
Total debt 495,120 -64,652 430,468
Change
Cash 23,862 +8,128 31,990
Investments 259,655 +160,421 420,076
Retirement acc 881,447 +167,924 1,049,371
Real estate 2,235,000 0 2,235,000
Other assets 0 0 0
Total assets 3,399,964 +336,473 3,736,437

Mortgage 495,120 -64,652 430,468
Other debt 0 0 0
Total debt 495,120 -64,652 430,468

I am now 18.8% 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 1,501,437 FIRE target: DKK 8,000,000


18.8%

FI portfolio

My FI portfolio now consists of DKK 420,076 (28.0%) in investments, DKK 1,049,371 (69.9%) in retirement accounts, and DKK 31,990 (2.1%) in cash.

Investments

Since my last update, my investments increased with DKK 37,742 (9.87%), 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 12,721 (1.23%), 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 5,004 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
5,004/month
(4.0% SWR)
4,379/month
(3.5% SWR)
3,753/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 5 months, in , and at that time I will be 57 years old.

By that time I will have invested/saved another DKK 2,900,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 3,598,563


Financial independence forecast