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Net worth update per December 1st 2023


This is ScottC360's #14 net worth update. Please check out my profile here for more information. As of December 1st 2023, my net worth increased to USD 1,154,914 and my FI portfolio increased to USD 859,396


Net worth

USD 1,154,914

Since the last update on August 4th 2023 my net worth has increased with USD 48,541 (+ 4.39 %).

FI portfolio

USD 859,396

Since the last update on August 4th 2023 my FI portfolio has increased with USD 49,926 (+ 6.17 %).

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 USD.
4 Aug 23 Change 1 Dec 23
Cash 7,430 -1,991 5,439
Investments 328,453 +30,862 359,315
Retirement acc 473,587 +21,055 494,642
Real estate 297,400 0 297,400
Other assets 0 0 0
Total assets 1,106,870 +49,926 1,156,796

Mortgage 0 0 0
Other debt 497 + 1,385 1,882
Total debt 497 + 1,385 1,882
20 Nov 22 Change 1 Dec 23
Cash 6,192 -753 5,439
Investments 281,339 +77,976 359,315
Retirement acc 373,633 +121,009 494,642
Real estate 288,900 + 8,500 297,400
Other assets 0 0 0
Total assets 950,064 +206,732 1,156,796

Mortgage 0 0 0
Other debt 485 + 1,397 1,882
Total debt 485 + 1,397 1,882
7 Nov 21 Change 1 Dec 23
Cash 11,968 -6,529 5,439
Investments 259,413 +99,902 359,315
Retirement acc 402,020 +92,622 494,642
Real estate 240,000 + 57,400 297,400
Other assets 0 0 0
Total assets 913,401 +243,395 1,156,796

Mortgage 0 0 0
Other debt 1,316 + 566 1,882
Total debt 1,316 + 566 1,882

I am now 68.8% on my way to achive my FIRE target of USD 1,250,000. This is 4.0 percentage points closer, compared to the last net worth update.

USD 859,396 FIRE target: USD 1,250,000


68.8%

FI portfolio

My FI portfolio now consists of USD 359,315 (41.8%) in investments, USD 494,642 (57.6%) in retirement accounts, and USD 5,439 (0.6%) in cash.

Investments

Since my last update, my investments increased with USD 30,862 (9.4%).

Retirement accounts

Since my last update, my retirement accounts increased with USD 21,055 (4.45%).




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

If I quit working today, my monthly pay out would be USD 2,864 for the rest of my life.


Monthly SWR amount
Retire today with (USD)
2,864/month
(4.0% SWR)
2,506/month
(3.5% SWR)
2,148/month
(3.0% SWR)


When can I retire?

FI date

March 2026

My age

36

I am currently aiming to save/invest approximately USD 5,800 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of USD 1,250,000 in 0 years and 9 months, in March 2026, and at that time I will be 36 years old.

By that time I will have invested/saved another USD 156,600, while the rest will be return on my existing FI portfolio and the new investments, in total USD 234,004


Financial independence forecast