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Net worth update per May 31st 2020


This is Yohemming's #6 net worth update. Please check out my profile here for more information. As of May 31st 2020, my net worth increased to DKK 771,313 and my FI portfolio increased to DKK 128,665


Net worth

DKK 771,313

Since the last update on April 30th 2020 my net worth has increased with DKK 106,728 (+ 16.06 %).

FI portfolio

DKK 128,665

Since the last update on April 30th 2020 my FI portfolio has increased with DKK 18,128 (+ 16.4 %).

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 Apr 20 Change 31 May 20
Cash 55,011 +10,000 65,011
Investments 47,060 +4,690 51,750
Retirement acc 8,466 +3,438 11,904
Real estate 2,645,000 + 88,600 2,733,600
Other assets 0 0 0
Total assets 2,755,537 +106,728 2,862,265

Mortgage 2,090,952 0 2,090,952
Other debt 0 0 0
Total debt 2,090,952 0 2,090,952
1 Jan 20 Change 31 May 20
Cash 55,011 +10,000 65,011
Investments 0 +51,750 51,750
Retirement acc 0 +11,904 11,904
Real estate 2,645,000 + 88,600 2,733,600
Other assets 0 0 0
Total assets 2,700,011 +162,254 2,862,265

Mortgage 2,095,516 -4,564 2,090,952
Other debt 0 0 0
Total debt 2,095,516 -4,564 2,090,952
1 Jan 20 Change 31 May 20
Cash 55,011 +10,000 65,011
Investments 0 +51,750 51,750
Retirement acc 0 +11,904 11,904
Real estate 2,645,000 + 88,600 2,733,600
Other assets 0 0 0
Total assets 2,700,011 +162,254 2,862,265

Mortgage 2,095,516 -4,564 2,090,952
Other debt 0 0 0
Total debt 2,095,516 -4,564 2,090,952

I am now 5.1% 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 128,665 FIRE target: DKK 2,500,000


5.1%

FI portfolio

My FI portfolio now consists of DKK 51,750 (40.2%) in investments, DKK 11,904 (9.3%) in retirement accounts, and DKK 65,011 (50.5%) in cash.

Investments

Since my last update, my investments increased with DKK 4,690 (9.97%), 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 increased with DKK 3,438 (40.61%).

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 428 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
428/month
(4.0% SWR)
375/month
(3.5% SWR)
321/month
(3.0% SWR)


When can I retire?

FI date

July 2029

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 1 months, in July 2029, and at that time I will be 36 years old.

By that time I will have invested/saved another DKK 1,650,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 721,335


Financial independence forecast