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Net worth update per


This is poiken's #10 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 554,090 and my FI portfolio increased to NOK 525,590


Net worth

NOK 554,090

Since the last update on my net worth has increased with NOK 29,222 (+ 5.57 %).

FI portfolio

NOK 525,590

Since the last update on my FI portfolio has increased with NOK 26,722 (+ 5.36 %).

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 NOK.
Change
Cash 12,108 -108 12,000
Investments 383,916 +22,476 406,392
Retirement acc 102,844 +4,354 107,198
Real estate 2,910,000 0 2,910,000
Other assets 0 0 0
Total assets 3,408,868 +26,722 3,435,590

Mortgage 2,440,000 -2,500 2,437,500
Other debt 444,000 0 444,000
Total debt 2,884,000 -2,500 2,881,500
Change
Cash 10,000 +2,000 12,000
Investments 300,830 +105,562 406,392
Retirement acc 77,730 +29,468 107,198
Real estate 2,910,000 0 2,910,000
Other assets 0 0 0
Total assets 3,298,560 +137,030 3,435,590

Mortgage 2,450,000 -12,500 2,437,500
Other debt 444,000 0 444,000
Total debt 2,894,000 -12,500 2,881,500
Change
Cash 10,000 +2,000 12,000
Investments 300,830 +105,562 406,392
Retirement acc 77,730 +29,468 107,198
Real estate 2,910,000 0 2,910,000
Other assets 0 0 0
Total assets 3,298,560 +137,030 3,435,590

Mortgage 2,450,000 -12,500 2,437,500
Other debt 444,000 0 444,000
Total debt 2,894,000 -12,500 2,881,500

I am now 13.1% on my way to achive my FIRE target of NOK 4,000,000. This is 0.7 percentage points closer, compared to the last net worth update.

NOK 525,590 FIRE target: NOK 4,000,000


13.1%

FI portfolio

My FI portfolio now consists of NOK 406,392 (77.3%) in investments, NOK 107,198 (20.4%) in retirement accounts, and NOK 12,000 (2.3%) in cash.

Investments

Since my last update, my investments increased with NOK 22,476 (5.85%), of which NOK 4,000 was from contributions, and NOK 35,009 was from returns.

Since I started tracking, my total contributions have been NOK 75,618, and my total return has been NOK 211,345.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 4,354 (4.23%), of which NOK 3,825 was from contributions , and NOK 7,122 was from returns.

Since I started tracking, my total contributions have been NOK 32,319, and my total return is NOK 30,508.




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

If I quit working today, my monthly pay out would be NOK 1,751 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
1,751/month
(4.0% SWR)
1,532/month
(3.5% SWR)
1,313/month
(3.0% SWR)


When can I retire?

FI date

My age

39

I am currently aiming to save/invest approximately NOK 13,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 4,000,000 in 10 years and 5 months, in , and at that time I will be 39 years old.

By that time I will have invested/saved another NOK 1,716,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 1,758,410


Financial independence forecast