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Net worth update per


This is Musikpåhjernen's #25 net worth update. Please check out my profile here for more information. As of , my net worth increased to DKK 3,945,512 and my FI portfolio increased to DKK 2,551,788


Net worth

DKK 3,945,512

Since the last update on my net worth has increased with DKK 113,327 (+ 2.96 %).

FI portfolio

DKK 2,551,788

Since the last update on my FI portfolio has increased with DKK 105,430 (+ 4.31 %).

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 68,652 -19,333 49,319
Investments 1,200,582 +132,894 1,333,476
Retirement acc 1,177,124 -8,131 1,168,993
Real estate 2,235,000 0 2,235,000
Other assets 0 0 0
Total assets 4,681,358 +105,430 4,786,788

Mortgage 849,173 -7,897 841,276
Other debt 0 0 0
Total debt 849,173 -7,897 841,276
Change
Cash 24,272 +25,047 49,319
Investments 499,523 +833,953 1,333,476
Retirement acc 1,060,890 +108,103 1,168,993
Real estate 2,235,000 0 2,235,000
Other assets 0 0 0
Total assets 3,819,685 +967,103 4,786,788

Mortgage 412,588 428,688 841,276
Other debt 0 0 0
Total debt 412,588 428,688 841,276
Change
Cash 23,862 +25,457 49,319
Investments 259,655 +1,073,821 1,333,476
Retirement acc 881,447 +287,546 1,168,993
Real estate 2,235,000 0 2,235,000
Other assets 0 0 0
Total assets 3,399,964 +1,386,824 4,786,788

Mortgage 495,120 346,156 841,276
Other debt 0 0 0
Total debt 495,120 + 346,156 841,276

I am now 31.9% on my way to achive my FIRE target of DKK 8,000,000. This is 1.3 percentage points closer, compared to the last net worth update.

DKK 2,551,788 FIRE target: DKK 8,000,000


31.9%

FI portfolio

My FI portfolio now consists of DKK 1,333,476 (52.3%) in investments, DKK 1,168,993 (45.8%) in retirement accounts, and DKK 49,319 (1.9%) in cash.

Investments

Since my last update, my investments increased with DKK 132,894 (11.07%), 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 decreased with DKK -8,131 (-0.69%), 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 8,505 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
8,505/month
(4.0% SWR)
7,442/month
(3.5% SWR)
6,379/month
(3.0% SWR)


When can I retire?

FI date

My age

55

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 6 years and 9 months, in , and at that time I will be 55 years old.

By that time I will have invested/saved another DKK 2,240,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 3,208,212


Financial independence forecast