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Net worth update per April 30th 2020



This is Yohemming's #5 net worth update. Please check out my profile here for more information. As of April 30th 2020, my net worth increased to DKK 664,585 and my FI portfolio increased to DKK 110,537


Net worth

DKK 664,585

Since the last update on March 31st 2020 my net worth has increased with DKK 24,278 (+ 3.79 %).

FI portfolio

DKK 110,537

Since the last update on March 31st 2020 my FI portfolio has increased with DKK 24,278 (+ 28.15 %).

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.

I am now 4.4% on my way to achive my FIRE target of DKK 2,500,000. This is 1.0 percentage points closer, compared to the last net worth update.

DKK 110,537 FIRE target: DKK 2,500,000


4.4%


FI portfolio


My FI portfolio now consists of DKK 47,060 (42.6%) in investments, DKK 8,466 (7.7%) in retirement accounts, and DKK 55,011 (49.8%) in cash.

Investments

Since my last update, my investments increased with DKK 21,278 (82.53%), of which DKK 8,000 was from contributions, and DKK 11,061 was from returns.

Since I started tracking, my total contributions have been DKK 753,375, and my total return has been DKK 276,995.

Retirement accounts

Since my last update, my retirement accounts increased with DKK 3,000 (54.88%).

Since I started tracking, my total contributions have been DKK 123,653, and my total return is DKK 26,137.




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


If I quit working today, my monthly pay out would be DKK 368 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
368/month
(4.0% SWR)
322/month
(3.5% SWR)
276/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 0 months, in July 2029, and at that time I will be 36 years old.

By that time I will have invested/saved another DKK 1,665,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 724,463


Financial independence forecast