Net worth update per January 1st 2024
This is SMSL's #15 net worth update. Please check out my profile here for more information. As of January 1st 2024, my net worth increased to AUD 2,611,928 and my FI portfolio increased to AUD 1,193,304
Net worth
AUD 2,611,928
Since the last update on September 1st 2023 my net worth has increased with AUD 148,836 (+ 6.04 %).
FI portfolio
AUD 1,193,304
Since the last update on September 1st 2023 my FI portfolio has increased with AUD 47,036 (+ 4.1 %).
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.
The changes for each asset class is shown in the table below. All numbers are in AUD.
I am now 59.7% on my way to achive my FIRE target of AUD 2,000,000. This is 2.4 percentage points closer, compared to the last net worth update.
AUD 1,193,304 FIRE target: AUD 2,000,000
FI portfolio
My FI portfolio now consists of AUD 122,325 (10.3%) in investments, AUD 387,069 (32.4%) in retirement accounts, and AUD 683,910 (57.3%) in cash.
Since my last update, my investments increased with AUD 5,628 (4.82%).
Since my last update, my retirement accounts increased with AUD 14,708 (3.95%).
How much can I withdraw according to the 4%-rule?
If I quit working today, my monthly pay out would be AUD 3,977 for the rest of my life.
Monthly SWR amount
Retire today with (AUD)
When can I retire?
FI date
August 2029
My age
48
I am currently aiming to save/invest
approximately AUD
4,000
each month.
Assuming an annual return of
10% on my investments and my retirement accounts, I
aim to reach my FIRE target
of AUD 2,000,000
in 4 years and 1 months,
in August 2029, and at that time I will be
48 years old.
By that time I will have invested/saved
another AUD 268,000,
while the rest will be return on my existing FI portfolio and the new
investments,
in total AUD
538,696