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Net worth update per November 1st 2023



This is goal_oriented's #85 net worth update. Please check out my profile here for more information. As of November 1st 2023, my net worth increased to CAD 423,400 and my FI portfolio increased to CAD 364,800


Net worth

CAD 423,400

Since the last update on October 18th 2023 my net worth has increased with CAD 4,200 (+ 1.0 %).

FI portfolio

CAD 364,800

Since the last update on October 18th 2023 my FI portfolio has increased with CAD 4,000 (+ 1.11 %).

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 CAD.

I am now 26.1% on my way to achive my FIRE target of CAD 1,400,000. This is 0.3 percentage points closer, compared to the last net worth update.

CAD 364,800 FIRE target: CAD 1,400,000


26.1%


FI portfolio


My FI portfolio now consists of CAD 174,200 (47.8%) in investments, CAD 163,300 (44.8%) in retirement accounts, and CAD 27,300 (7.5%) in cash.

Investments

Since my last update, my investments increased with CAD 4,500 (2.65%).

Since I started tracking, my total contributions have been CAD 229,067, and my total return has been CAD 341,033.

Retirement accounts

Since my last update, my retirement accounts increased with CAD 100 (0.06%).

Since I started tracking, my total contributions have been CAD 126,832, and my total return is CAD 63,268.




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


If I quit working today, my monthly pay out would be CAD 1,216 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
1,216/month
(4.0% SWR)
1,064/month
(3.5% SWR)
912/month
(3.0% SWR)


When can I retire?


FI date

February 2027


My age

34

I am currently aiming to save/invest approximately CAD 22,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 1,400,000 in 1 years and 6 months, in February 2027, and at that time I will be 34 years old.

By that time I will have invested/saved another CAD 858,000, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 177,200


Financial independence forecast