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Net worth update per


This is FrankTheTank's #4 net worth update. Please check out my profile here for more information. As of , my net worth increased to DKK 1,945,000 and my FI portfolio increased to DKK 1,879,000


Net worth

DKK 1,945,000

Since the last update on my net worth has increased with DKK 175,235 (+ 9.9 %).

FI portfolio

DKK 1,879,000

Since the last update on my FI portfolio has increased with DKK 171,200 (+ 10.02 %).

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 DKK.
Change
Cash 258,000 +29,000 287,000
Investments 696,100 +58,400 754,500
Retirement acc 753,700 +83,800 837,500
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,607,800 +171,200 3,779,000

Mortgage 1,742,800 -9,800 1,733,000
Other debt 95,235 + 5,765 101,000
Total debt 1,838,035 + -4,035 1,834,000
Change
Cash 229,000 +58,000 287,000
Investments 746,000 +8,500 754,500
Retirement acc 789,720 +47,780 837,500
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,664,720 +114,280 3,779,000

Mortgage 1,740,300 -7,300 1,733,000
Other debt 52,000 + 49,000 101,000
Total debt 1,792,300 + 41,700 1,834,000
Change
Cash 229,000 +58,000 287,000
Investments 746,000 +8,500 754,500
Retirement acc 789,720 +47,780 837,500
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,664,720 +114,280 3,779,000

Mortgage 1,740,300 -7,300 1,733,000
Other debt 52,000 + 49,000 101,000
Total debt 1,792,300 + 41,700 1,834,000

I am now 12.5% on my way to achive my FIRE target of DKK 15,000,000. This is 1.1 percentage points closer, compared to the last net worth update.

DKK 1,879,000 FIRE target: DKK 15,000,000


12.5%

FI portfolio

My FI portfolio now consists of DKK 754,500 (40.2%) in investments, DKK 837,500 (44.6%) in retirement accounts, and DKK 287,000 (15.3%) in cash.

Investments

Since my last update, my investments increased with DKK 58,400 (8.39%).

Retirement accounts

Since my last update, my retirement accounts increased with DKK 83,800 (11.12%).




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

If I quit working today, my monthly pay out would be DKK 6,263 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
6,263/month
(4.0% SWR)
5,480/month
(3.5% SWR)
4,697/month
(3.0% SWR)


When can I retire?

FI date

My age

52

I am currently aiming to save/invest approximately DKK 25,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 15,000,000 in 16 years and 3 months, in , and at that time I will be 52 years old.

By that time I will have invested/saved another DKK 5,025,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 8,096,000


Financial independence forecast