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Net worth update per December 1st 2023


This is goal_oriented's #86 net worth update. Please check out my profile here for more information. As of December 1st 2023, my net worth increased to CAD 450,700 and my FI portfolio increased to CAD 391,600


Net worth

CAD 450,700

Since the last update on November 1st 2023 my net worth has increased with CAD 27,300 (+ 6.45 %).

FI portfolio

CAD 391,600

Since the last update on November 1st 2023 my FI portfolio has increased with CAD 26,800 (+ 7.35 %).

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.
1 Nov 23 Change 1 Dec 23
Cash 27,300 +2,600 29,900
Investments 174,200 +11,600 185,800
Retirement acc 163,300 +12,600 175,900
Real estate 230,000 0 230,000
Other assets 0 0 0
Total assets 594,800 +26,800 621,600

Mortgage 171,400 -500 170,900
Other debt 0 0 0
Total debt 171,400 -500 170,900
1 Dec 22 Change 1 Dec 23
Cash 21,300 +8,600 29,900
Investments 141,400 +44,400 185,800
Retirement acc 137,300 +38,600 175,900
Real estate 230,000 0 230,000
Other assets 0 0 0
Total assets 530,000 +91,600 621,600

Mortgage 176,200 -5,300 170,900
Other debt 0 0 0
Total debt 176,200 -5,300 170,900
23 Aug 19 Change 1 Dec 23
Cash 7,000 +22,900 29,900
Investments 35,000 +150,800 185,800
Retirement acc 60,000 +115,900 175,900
Real estate 0 + 230,000 230,000
Other assets 0 0 0
Total assets 102,000 +519,600 621,600

Mortgage 0 170,900 170,900
Other debt 0 0 0
Total debt 0 + 170,900 170,900

I am now 28.0% on my way to achive my FIRE target of CAD 1,400,000. This is 1.9 percentage points closer, compared to the last net worth update.

CAD 391,600 FIRE target: CAD 1,400,000


28.0%

FI portfolio

My FI portfolio now consists of CAD 185,800 (47.4%) in investments, CAD 175,900 (44.9%) in retirement accounts, and CAD 29,900 (7.6%) in cash.

Investments

Since my last update, my investments increased with CAD 11,600 (6.66%), of which CAD 4,800 was from contributions, and CAD -2,600 was from returns.

Since I started tracking, my total contributions have been CAD 229,067, and my total return has been CAD 320,233.

Retirement accounts

Since my last update, my retirement accounts increased with CAD 12,600 (7.72%).

Since I started tracking, my total contributions have been CAD 126,832, and my total return is CAD 56,768.




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

If I quit working today, my monthly pay out would be CAD 1,305 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
1,305/month
(4.0% SWR)
1,142/month
(3.5% SWR)
979/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 7 months, in February 2027, and at that time I will be 34 years old.

By that time I will have invested/saved another CAD 836,000, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 172,400


Financial independence forecast