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Net worth update per


This is Musikpåhjernen's #40 net worth update. Please check out my profile here for more information. As of , my net worth increased to DKK 4,125,122 and my FI portfolio increased to DKK 2,611,245


Net worth

DKK 4,125,122

Since the last update on my net worth has increased with DKK 120,963 (+ 3.02 %).

FI portfolio

DKK 2,611,245

Since the last update on my FI portfolio has increased with DKK 112,850 (+ 4.52 %).

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 15,273 +13,938 29,211
Investments 1,344,628 +73,934 1,418,562
Retirement acc 1,138,494 +24,978 1,163,472
Real estate 2,235,000 0 2,235,000
Other assets 0 0 0
Total assets 4,733,395 +112,850 4,846,245

Mortgage 729,236 -8,113 721,123
Other debt 0 0 0
Total debt 729,236 -8,113 721,123
Change
Cash 17,515 +11,696 29,211
Investments 1,427,420 -8,858 1,418,562
Retirement acc 1,146,920 +16,552 1,163,472
Real estate 2,235,000 0 2,235,000
Other assets 0 0 0
Total assets 4,826,855 +19,390 4,846,245

Mortgage 737,334 -16,211 721,123
Other debt 0 0 0
Total debt 737,334 -16,211 721,123
Change
Cash 23,862 +5,349 29,211
Investments 259,655 +1,158,907 1,418,562
Retirement acc 881,447 +282,025 1,163,472
Real estate 2,235,000 0 2,235,000
Other assets 0 0 0
Total assets 3,399,964 +1,446,281 4,846,245

Mortgage 495,120 226,003 721,123
Other debt 0 0 0
Total debt 495,120 + 226,003 721,123

I am now 32.6% on my way to achive my FIRE target of DKK 8,000,000. This is 1.4 percentage points closer, compared to the last net worth update.

DKK 2,611,245 FIRE target: DKK 8,000,000


32.6%

FI portfolio

My FI portfolio now consists of DKK 1,418,562 (54.3%) in investments, DKK 1,163,472 (44.6%) in retirement accounts, and DKK 29,211 (1.1%) in cash.

Investments

Since my last update, my investments increased with DKK 73,934 (5.5%), 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 24,978 (2.19%), 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 8,704 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
8,704/month
(4.0% SWR)
7,616/month
(3.5% SWR)
6,528/month
(3.0% SWR)


When can I retire?

FI date

My age

56

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 7 years and 10 months, in , and at that time I will be 56 years old.

By that time I will have invested/saved another DKK 2,200,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 3,188,755


Financial independence forecast