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Net worth update per


This is Pri's #2 net worth update. Please check out my profile here for more information. As of , my net worth decreased to DKK 455,000 and my FI portfolio decreased to DKK 255,000


Net worth

DKK 455,000

Since the last update on my net worth has decreased with DKK -2,090,000 ( -82.12 %).

FI portfolio

DKK 255,000

Since the last update on my FI portfolio has decreased with DKK -790,000 ( -75.6 %).

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 55,000 0 55,000
Investments 190,000 +10,000 200,000
Retirement acc 800,000 -800,000 0
Real estate 2,600,000 -1,300,000 1,300,000
Other assets 0 0 0
Total assets 3,645,000 -2,090,000 1,555,000

Mortgage 1,100,000 0 1,100,000
Other debt 0 0 0
Total debt 1,100,000 0 1,100,000
Change
Cash 55,000 0 55,000
Investments 190,000 +10,000 200,000
Retirement acc 800,000 -800,000 0
Real estate 2,600,000 -1,300,000 1,300,000
Other assets 0 0 0
Total assets 3,645,000 -2,090,000 1,555,000

Mortgage 1,100,000 0 1,100,000
Other debt 0 0 0
Total debt 1,100,000 0 1,100,000
Change
Cash 55,000 0 55,000
Investments 190,000 +10,000 200,000
Retirement acc 800,000 -800,000 0
Real estate 2,600,000 -1,300,000 1,300,000
Other assets 0 0 0
Total assets 3,645,000 -2,090,000 1,555,000

Mortgage 1,100,000 0 1,100,000
Other debt 0 0 0
Total debt 1,100,000 0 1,100,000

I am now 4.2% on my way to achive my FIRE target of DKK 6,000,000. This is -13.2 percentage points closer, compared to the last net worth update.

DKK 255,000 FIRE target: DKK 6,000,000


4.2%

FI portfolio

My FI portfolio now consists of DKK 200,000 (78.4%) in investments, and DKK 55,000 (21.6%) in cash.

Investments

Since my last update, my investments increased with DKK 10,000 (5.26%).

Retirement accounts

Since my last update, my retirement accounts decreased with DKK -800,000 (-100.0%).




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

If I quit working today, my monthly pay out would be DKK 850 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
850/month
(4.0% SWR)
743/month
(3.5% SWR)
637/month
(3.0% SWR)


When can I retire?

FI date

My age

58

I am currently aiming to save/invest approximately DKK 15,000 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 12 years and 10 months, in , and at that time I will be 58 years old.

By that time I will have invested/saved another DKK 2,445,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 3,300,000


Financial independence forecast