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Net worth update per


This is poiken's #13 net worth update. Please check out my profile here for more information. As of , my net worth decreased to NOK 570,720 and my FI portfolio decreased to NOK 542,109


Net worth

NOK 570,720

Since the last update on my net worth has decreased with NOK -14,943 ( -2.55 %).

FI portfolio

NOK 542,109

Since the last update on my FI portfolio has decreased with NOK -14,964 ( -2.69 %).

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 14,000 -11,703 2,297
Investments 433,029 -6,332 426,697
Retirement acc 110,044 +3,071 113,115
Real estate 2,910,000 0 2,910,000
Other assets 0 0 0
Total assets 3,467,073 -14,964 3,452,109

Mortgage 2,435,454 0 2,435,454
Other debt 445,956 -21 445,935
Total debt 2,881,410 -21 2,881,389
Change
Cash 14,000 -11,703 2,297
Investments 433,029 -6,332 426,697
Retirement acc 110,044 +3,071 113,115
Real estate 2,910,000 0 2,910,000
Other assets 0 0 0
Total assets 3,467,073 -14,964 3,452,109

Mortgage 2,435,454 0 2,435,454
Other debt 445,956 -21 445,935
Total debt 2,881,410 -21 2,881,389
Change
Cash 10,000 -7,703 2,297
Investments 300,830 +125,867 426,697
Retirement acc 77,730 +35,385 113,115
Real estate 2,910,000 0 2,910,000
Other assets 0 0 0
Total assets 3,298,560 +153,549 3,452,109

Mortgage 2,450,000 -14,546 2,435,454
Other debt 444,000 + 1,935 445,935
Total debt 2,894,000 -12,611 2,881,389

I am now 13.6% on my way to achive my FIRE target of NOK 4,000,000. This is -0.4 percentage points closer, compared to the last net worth update.

NOK 542,109 FIRE target: NOK 4,000,000


13.6%

FI portfolio

My FI portfolio now consists of NOK 426,697 (78.7%) in investments, NOK 113,115 (20.9%) in retirement accounts, and NOK 2,297 (0.4%) in cash.

Investments

Since my last update, my investments decreased with NOK -6,332 (-1.46%), of which NOK -33,363 was from withdrawals, and NOK -8,811 was from returns.

Since I started tracking, my total contributions have been NOK 44,255, and my total return has been NOK 214,548.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 3,071 (2.79%), of which NOK 3,829 was from contributions , and NOK 3,422 was from returns.

Since I started tracking, my total contributions have been NOK 39,852, and my total return is NOK 42,825.




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

If I quit working today, my monthly pay out would be NOK 1,807 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
1,807/month
(4.0% SWR)
1,581/month
(3.5% SWR)
1,355/month
(3.0% SWR)


When can I retire?

FI date

My age

40

I am currently aiming to save/invest approximately NOK 13,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 4,000,000 in 10 years and 1 months, in , and at that time I will be 40 years old.

By that time I will have invested/saved another NOK 1,703,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 1,754,891


Financial independence forecast