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Net worth update per


This is firebankers's #4 net worth update. Please check out my profile here for more information. As of , my net worth decreased to DKK 3,779,000 and my FI portfolio decreased to DKK 3,479,000


Net worth

DKK 3,779,000

Since the last update on my net worth has decreased with DKK -8,000 ( -0.21 %).

FI portfolio

DKK 3,479,000

Since the last update on my FI portfolio has decreased with DKK -23,000 ( -0.66 %).

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 181,000 -2,000 179,000
Investments 2,621,000 -21,000 2,600,000
Retirement acc 700,000 0 700,000
Real estate 1,700,000 0 1,700,000
Other assets 0 0 0
Total assets 5,202,000 -23,000 5,179,000

Mortgage 1,415,000 -15,000 1,400,000
Other debt 0 0 0
Total debt 1,415,000 -15,000 1,400,000
Change
Cash 159,000 +20,000 179,000
Investments 2,168,000 +432,000 2,600,000
Retirement acc 639,000 +61,000 700,000
Real estate 1,706,000 -6,000 1,700,000
Other assets 0 0 0
Total assets 4,672,000 +507,000 5,179,000

Mortgage 1,452,000 -52,000 1,400,000
Other debt 0 0 0
Total debt 1,452,000 -52,000 1,400,000
Change
Cash 227,000 -48,000 179,000
Investments 2,147,000 +453,000 2,600,000
Retirement acc 531,000 +169,000 700,000
Real estate 1,706,000 -6,000 1,700,000
Other assets 0 0 0
Total assets 4,611,000 +568,000 5,179,000

Mortgage 1,523,000 -123,000 1,400,000
Other debt 0 0 0
Total debt 1,523,000 -123,000 1,400,000

I am now 58.0% on my way to achive my FIRE target of DKK 6,000,000. This is -0.4 percentage points closer, compared to the last net worth update.

DKK 3,479,000 FIRE target: DKK 6,000,000


58.0%

FI portfolio

My FI portfolio now consists of DKK 2,600,000 (74.7%) in investments, DKK 700,000 (20.1%) in retirement accounts, and DKK 179,000 (5.1%) in cash.

Investments

Since my last update, my investments decreased with DKK -21,000 (-0.8%).

Retirement accounts

Since my last update, my retirement accounts decreased with DKK 0 (0.0%).




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

If I quit working today, my monthly pay out would be DKK 11,596 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
11,596/month
(4.0% SWR)
10,147/month
(3.5% SWR)
8,697/month
(3.0% SWR)


When can I retire?

FI date

My age

36

I am currently aiming to save/invest approximately DKK 30,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 6,000,000 in 1 years and 5 months, in , and at that time I will be 36 years old.

By that time I will have invested/saved another DKK 1,140,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 1,381,000


Financial independence forecast