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Net worth update per October 31st 2023


This is FrankTheTank's #3 net worth update. Please check out my profile here for more information. As of October 31st 2023, my net worth decreased to DKK 1,769,765 and my FI portfolio decreased to DKK 1,707,800


Net worth

DKK 1,769,765

Since the last update on October 4th 2023 my net worth has decreased with DKK -55,639 ( -3.05 %).

FI portfolio

DKK 1,707,800

Since the last update on October 4th 2023 my FI portfolio has decreased with DKK -40,819 ( -2.33 %).

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.
4 Oct 23 Change 31 Oct 23
Cash 261,000 -3,000 258,000
Investments 720,000 -23,900 696,100
Retirement acc 767,619 -13,919 753,700
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,648,619 -40,819 3,607,800

Mortgage 1,752,215 -9,415 1,742,800
Other debt 71,000 + 24,235 95,235
Total debt 1,823,215 + 14,820 1,838,035
2 Sep 23 Change 31 Oct 23
Cash 229,000 +29,000 258,000
Investments 746,000 -49,900 696,100
Retirement acc 789,720 -36,020 753,700
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,664,720 -56,920 3,607,800

Mortgage 1,740,300 2,500 1,742,800
Other debt 52,000 + 43,235 95,235
Total debt 1,792,300 + 45,735 1,838,035
2 Sep 23 Change 31 Oct 23
Cash 229,000 +29,000 258,000
Investments 746,000 -49,900 696,100
Retirement acc 789,720 -36,020 753,700
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,664,720 -56,920 3,607,800

Mortgage 1,740,300 2,500 1,742,800
Other debt 52,000 + 43,235 95,235
Total debt 1,792,300 + 45,735 1,838,035

I am now 6.8% on my way to achive my FIRE target of DKK 25,000,000. This is -0.2 percentage points closer, compared to the last net worth update.

DKK 1,707,800 FIRE target: DKK 25,000,000


6.8%

FI portfolio

My FI portfolio now consists of DKK 696,100 (40.8%) in investments, DKK 753,700 (44.1%) in retirement accounts, and DKK 258,000 (15.1%) in cash.

Investments

Since my last update, my investments decreased with DKK -23,900 (-3.32%).

Retirement accounts

Since my last update, my retirement accounts decreased with DKK -13,919 (-1.81%).




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

If I quit working today, my monthly pay out would be DKK 5,692 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
5,692/month
(4.0% SWR)
4,981/month
(3.5% SWR)
4,269/month
(3.0% SWR)


When can I retire?

FI date

July 2044

My age

56

I am currently aiming to save/invest approximately DKK 21,000 each month.

Assuming an annual return of 9% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 25,000,000 in 19 years and 2 months, in July 2044, and at that time I will be 56 years old.

By that time I will have invested/saved another DKK 5,229,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 18,063,200


Financial independence forecast