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Net worth update per


This is FrankTheTank's #2 net worth update. Please check out my profile here for more information. As of , my net worth decreased to DKK 1,825,404 and my FI portfolio decreased to DKK 1,748,619


Net worth

DKK 1,825,404

Since the last update on my net worth has decreased with DKK -47,016 ( -2.51 %).

FI portfolio

DKK 1,748,619

Since the last update on my FI portfolio has decreased with DKK -16,101 ( -0.91 %).

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 229,000 +32,000 261,000
Investments 746,000 -26,000 720,000
Retirement acc 789,720 -22,101 767,619
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,664,720 -16,101 3,648,619

Mortgage 1,740,300 11,915 1,752,215
Other debt 52,000 + 19,000 71,000
Total debt 1,792,300 + 30,915 1,823,215
Change
Cash 229,000 +32,000 261,000
Investments 746,000 -26,000 720,000
Retirement acc 789,720 -22,101 767,619
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,664,720 -16,101 3,648,619

Mortgage 1,740,300 11,915 1,752,215
Other debt 52,000 + 19,000 71,000
Total debt 1,792,300 + 30,915 1,823,215
Change
Cash 229,000 +32,000 261,000
Investments 746,000 -26,000 720,000
Retirement acc 789,720 -22,101 767,619
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,664,720 -16,101 3,648,619

Mortgage 1,740,300 11,915 1,752,215
Other debt 52,000 + 19,000 71,000
Total debt 1,792,300 + 30,915 1,823,215

I am now 11.7% on my way to achive my FIRE target of DKK 15,000,000. This is -0.1 percentage points closer, compared to the last net worth update.

DKK 1,748,619 FIRE target: DKK 15,000,000


11.7%

FI portfolio

My FI portfolio now consists of DKK 720,000 (41.2%) in investments, DKK 767,619 (43.9%) in retirement accounts, and DKK 261,000 (14.9%) in cash.

Investments

Since my last update, my investments decreased with DKK -26,000 (-3.49%).

Retirement accounts

Since my last update, my retirement accounts decreased with DKK -22,101 (-2.8%).




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

If I quit working today, my monthly pay out would be DKK 5,828 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
5,828/month
(4.0% SWR)
5,100/month
(3.5% SWR)
4,371/month
(3.0% SWR)


When can I retire?

FI date

My age

52

I am currently aiming to save/invest approximately DKK 25,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 15,000,000 in 16 years and 4 months, in , and at that time I will be 52 years old.

By that time I will have invested/saved another DKK 5,100,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 8,151,381


Financial independence forecast