Fireleap.com is a net worth tracking app that let's everyone track their finances in public. Sign up to join us!

Net worth update per


This is grodt's #8 net worth update. Please check out my profile here for more information. As of , my net worth decreased to NOK 6,331,147 and my FI portfolio decreased to NOK 4,376,147


Net worth

NOK 6,331,147

Since the last update on my net worth has decreased with NOK -41,698 ( -0.65 %).

FI portfolio

NOK 4,376,147

Since the last update on my FI portfolio has decreased with NOK -46,698 ( -1.06 %).

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 NOK.
Change
Cash 150,000 0 150,000
Investments 3,538,000 -41,853 3,496,147
Retirement acc 734,845 -4,845 730,000
Real estate 3,285,000 0 3,285,000
Other assets 0 0 0
Total assets 7,707,845 -46,698 7,661,147

Mortgage 1,127,000 -2,000 1,125,000
Other debt 208,000 -3,000 205,000
Total debt 1,335,000 -5,000 1,330,000
Change
Cash 50,000 +100,000 150,000
Investments 3,150,000 +346,147 3,496,147
Retirement acc 0 +730,000 730,000
Real estate 3,150,000 + 135,000 3,285,000
Other assets 0 0 0
Total assets 6,350,000 +1,311,147 7,661,147

Mortgage 1,150,000 -25,000 1,125,000
Other debt 230,000 -25,000 205,000
Total debt 1,380,000 -50,000 1,330,000
Change
Cash 50,000 +100,000 150,000
Investments 3,150,000 +346,147 3,496,147
Retirement acc 0 +730,000 730,000
Real estate 3,150,000 + 135,000 3,285,000
Other assets 0 0 0
Total assets 6,350,000 +1,311,147 7,661,147

Mortgage 1,150,000 -25,000 1,125,000
Other debt 230,000 -25,000 205,000
Total debt 1,380,000 -50,000 1,330,000

I am now 36.5% on my way to achive my FIRE target of NOK 12,000,000. This is -0.4 percentage points closer, compared to the last net worth update.

NOK 4,376,147 FIRE target: NOK 12,000,000


36.5%

FI portfolio

My FI portfolio now consists of NOK 3,496,147 (79.9%) in investments, NOK 730,000 (16.7%) in retirement accounts, and NOK 150,000 (3.4%) in cash.

Investments

Since my last update, my investments decreased with NOK -41,853 (-1.18%), of which NOK 25,000 was from contributions, and NOK 63,000 was from returns.

Since I started tracking, my total contributions have been NOK 285,000, and my total return has been NOK 633,000.

Retirement accounts

Since my last update, my retirement accounts decreased with NOK -4,845 (-0.66%), of which NOK 9,000 was from contributions , and NOK 6,000 was from returns.

Since I started tracking, my total contributions have been NOK 77,246, and my total return is NOK 904,754.




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

If I quit working today, my monthly pay out would be NOK 14,587 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
14,587/month
(4.0% SWR)
12,763/month
(3.5% SWR)
10,940/month
(3.0% SWR)


When can I retire?

FI date

My age

51

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

Assuming an annual return of 9% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 12,000,000 in 6 years and 8 months, in , and at that time I will be 51 years old.

By that time I will have invested/saved another NOK 2,640,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 4,983,853


Financial independence forecast