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Net worth update per December 31st 2022


This is Yohemming's #37 net worth update. Please check out my profile here for more information. As of December 31st 2022, my net worth decreased to DKK 1,471,610 and my FI portfolio decreased to DKK 487,329


Net worth

DKK 1,471,610

Since the last update on November 30th 2022 my net worth has decreased with DKK -10,461 ( -0.71 %).

FI portfolio

DKK 487,329

Since the last update on November 30th 2022 my FI portfolio has decreased with DKK -17,191 ( -3.41 %).

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.
30 Nov 22 Change 31 Dec 22
Cash 80,065 +4,500 84,565
Investments 337,308 -17,030 320,278
Retirement acc 87,147 -4,661 82,486
Real estate 2,920,000 0 2,920,000
Other assets 287,550 0 287,550
Total assets 3,712,070 -17,191 3,694,879

Mortgage 2,046,718 -4,074 2,042,644
Other debt 183,281 -2,656 180,625
Total debt 2,229,999 -6,730 2,223,269
31 Dec 21 Change 31 Dec 22
Cash 70,099 +14,466 84,565
Investments 251,928 +68,350 320,278
Retirement acc 90,525 -8,039 82,486
Real estate 2,825,200 + 94,800 2,920,000
Other assets 319,500 -31,950 287,550
Total assets 3,557,252 +137,627 3,694,879

Mortgage 2,059,713 -17,069 2,042,644
Other debt 212,497 -31,872 180,625
Total debt 2,272,210 -48,941 2,223,269
1 Jan 20 Change 31 Dec 22
Cash 55,011 +29,554 84,565
Investments 0 +320,278 320,278
Retirement acc 0 +82,486 82,486
Real estate 2,645,000 + 275,000 2,920,000
Other assets 0 + 287,550 287,550
Total assets 2,700,011 +994,868 3,694,879

Mortgage 2,095,516 -52,872 2,042,644
Other debt 0 + 180,625 180,625
Total debt 2,095,516 + 127,753 2,223,269

I am now 19.5% on my way to achive my FIRE target of DKK 2,500,000. This is -0.7 percentage points closer, compared to the last net worth update.

DKK 487,329 FIRE target: DKK 2,500,000


19.5%

FI portfolio

My FI portfolio now consists of DKK 320,278 (65.7%) in investments, DKK 82,486 (16.9%) in retirement accounts, and DKK 84,565 (17.4%) in cash.

Investments

Since my last update, my investments decreased with DKK -17,030 (-5.05%), of which DKK 18,000 was from contributions, and DKK 64,976 was from returns.

Since I started tracking, my total contributions have been DKK 745,375, and my total return has been DKK 265,934.

Retirement accounts

Since my last update, my retirement accounts decreased with DKK -4,661 (-5.35%).

Since I started tracking, my total contributions have been DKK 123,653, and my total return is DKK 23,689.




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

If I quit working today, my monthly pay out would be DKK 1,624 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
1,624/month
(4.0% SWR)
1,421/month
(3.5% SWR)
1,218/month
(3.0% SWR)


When can I retire?

FI date

May 2030

My age

36

I am currently aiming to save/invest approximately DKK 15,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 2,500,000 in 4 years and 11 months, in May 2030, and at that time I will be 36 years old.

By that time I will have invested/saved another DKK 1,335,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 677,671


Financial independence forecast