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Net worth update per


This is laaknor's #15 net worth update. Please check out my profile here for more information. As of , my net worth decreased to NOK 3,252,305 and my FI portfolio increased to NOK 1,408,060


Net worth

NOK 3,252,305

Since the last update on my net worth has decreased with NOK -368,835 ( -10.19 %).

FI portfolio

NOK 1,408,060

Since the last update on my FI portfolio has increased with NOK 83,004 (+ 6.26 %).

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 0 0 0
Investments 1,080,825 +70,510 1,151,335
Retirement acc 244,231 +12,494 256,725
Real estate 4,920,000 -150,000 4,770,000
Other assets 330,061 -330,061 0
Total assets 6,575,117 -397,057 6,178,060

Mortgage 2,953,977 -28,222 2,925,755
Other debt 0 0 0
Total debt 2,953,977 -28,222 2,925,755
Change
Cash 34,080 -34,080 0
Investments 728,702 +422,633 1,151,335
Retirement acc 165,347 +91,378 256,725
Real estate 5,200,000 -430,000 4,770,000
Other assets 427,461 -427,461 0
Total assets 6,555,590 -377,530 6,178,060

Mortgage 2,757,044 168,711 2,925,755
Other debt 0 0 0
Total debt 2,757,044 168,711 2,925,755
Change
Cash 30,000 -30,000 0
Investments 328,000 +823,335 1,151,335
Retirement acc 75,000 +181,725 256,725
Real estate 4,630,000 + 140,000 4,770,000
Other assets 51,000 -51,000 0
Total assets 5,114,000 +1,064,060 6,178,060

Mortgage 2,309,489 616,266 2,925,755
Other debt 0 0 0
Total debt 2,309,489 + 616,266 2,925,755

I am now 23.5% on my way to achive my FIRE target of NOK 6,000,000. This is 1.4 percentage points closer, compared to the last net worth update.

NOK 1,408,060 FIRE target: NOK 6,000,000


23.5%

FI portfolio

My FI portfolio now consists of NOK 1,151,335 (81.8%) in investments, NOK 256,725 (18.2%) in retirement accounts, and NOK 0 (0.0%) in cash.

Investments

Since my last update, my investments increased with NOK 70,510 (6.52%).

Retirement accounts

Since my last update, my retirement accounts increased with NOK 12,494 (5.12%).




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

If I quit working today, my monthly pay out would be NOK 4,693 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
4,693/month
(4.0% SWR)
4,106/month
(3.5% SWR)
3,520/month
(3.0% SWR)


When can I retire?

FI date

My age

48

I am currently aiming to save/invest approximately NOK 10,000 each month.

Assuming an annual return of 9% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 6,000,000 in 10 years and 6 months, in , and at that time I will be 48 years old.

By that time I will have invested/saved another NOK 1,320,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 3,271,940


Financial independence forecast