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Net worth update per


This is Rivendell's #2 net worth update. Please check out my profile here for more information. As of , my net worth increased to DKK 9,019,596 and my FI portfolio decreased to DKK 3,024,596


Net worth

DKK 9,019,596

Since the last update on my net worth has increased with DKK 269,668 (+ 3.08 %).

FI portfolio

DKK 3,024,596

Since the last update on my FI portfolio has decreased with DKK -1,075,332 ( -26.23 %).

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 240,000 +139,400 379,400
Investments 140,000 -84,634 55,366
Retirement acc 3,719,928 -1,130,098 2,589,830
Real estate 5,600,000 + 900,000 6,500,000
Other assets 3,350,000 + 245,000 3,595,000
Total assets 13,049,928 +69,668 13,119,596

Mortgage 3,300,000 -100,000 3,200,000
Other debt 1,000,000 -100,000 900,000
Total debt 4,300,000 -200,000 4,100,000
Change
Cash 240,000 +139,400 379,400
Investments 140,000 -84,634 55,366
Retirement acc 3,719,928 -1,130,098 2,589,830
Real estate 5,600,000 + 900,000 6,500,000
Other assets 3,350,000 + 245,000 3,595,000
Total assets 13,049,928 +69,668 13,119,596

Mortgage 3,300,000 -100,000 3,200,000
Other debt 1,000,000 -100,000 900,000
Total debt 4,300,000 -200,000 4,100,000
Change
Cash 240,000 +139,400 379,400
Investments 140,000 -84,634 55,366
Retirement acc 3,719,928 -1,130,098 2,589,830
Real estate 5,600,000 + 900,000 6,500,000
Other assets 3,350,000 + 245,000 3,595,000
Total assets 13,049,928 +69,668 13,119,596

Mortgage 3,300,000 -100,000 3,200,000
Other debt 1,000,000 -100,000 900,000
Total debt 4,300,000 -200,000 4,100,000

I am now 20.2% on my way to achive my FIRE target of DKK 15,000,000. This is -7.2 percentage points closer, compared to the last net worth update.

DKK 3,024,596 FIRE target: DKK 15,000,000


20.2%

FI portfolio

My FI portfolio now consists of DKK 55,366 (1.8%) in investments, DKK 2,589,830 (85.6%) in retirement accounts, and DKK 379,400 (12.5%) in cash.

Investments

Since my last update, my investments decreased with DKK -84,634 (-60.45%).

Retirement accounts

Since my last update, my retirement accounts decreased with DKK -1,130,098 (-30.38%), of which DKK 60,000 was from contributions , and DKK 837,170 was from returns.




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

If I quit working today, my monthly pay out would be DKK 10,081 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
10,081/month
(4.0% SWR)
8,821/month
(3.5% SWR)
7,561/month
(3.0% SWR)


When can I retire?

FI date

My age

65

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 15,000,000 in 8 years and 4 months, in , and at that time I will be 65 years old.

By that time I will have invested/saved another DKK 3,870,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 8,105,404


Financial independence forecast