Net worth update per December 31st 2023
This is gammj's #215 net worth update. Please check out my profile here for more information. As of December 31st 2023, my net worth increased to CAD 1,354,824 and my FI portfolio increased to CAD 1,247,548
Net worth
CAD 1,354,824
Since the last update on November 30th 2023 my net worth has increased with CAD 34,316 (+ 2.6 %).
FI portfolio
CAD 1,247,548
Since the last update on November 30th 2023 my FI portfolio has increased with CAD 41,434 (+ 3.44 %).
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 CAD.
I am now 71.3% on my way to achive my FIRE target of CAD 1,750,000. This is 2.4 percentage points closer, compared to the last net worth update.
CAD 1,247,548 FIRE target: CAD 1,750,000
FI portfolio
My FI portfolio now consists of CAD 372,088 (29.8%) in investments, CAD 786,463 (63.0%) in retirement accounts, and CAD 88,997 (7.1%) in cash.
Since my last update, my investments
increased
with CAD 8,308
(2.28%), of which
CAD
5
was from
contributions, and CAD
-9,844 was from
returns.
Since I started tracking, my total contributions have been
CAD
194,
and my total return has been
CAD
467,024.
Since my last update, my retirement accounts
increased
with CAD 21,435
(2.8%), of which
CAD
5
was from
contributions
, and CAD
-16,123 was from
returns.
Since I started tracking, my total contributions have been
CAD
194,
and my total return is
CAD
1,005,832.
How much can I withdraw according to the 4%-rule?
If I quit working today, my monthly pay out would be CAD 4,158 for the rest of my life.
Monthly SWR amount
Retire today with (CAD)
When can I retire?
FI date
October 2028
My age
51
I am currently aiming to save/invest
approximately CAD
461
each month.
Assuming an annual return of
7% on my investments and my retirement accounts, I
aim to reach my FIRE target
of CAD 1,750,000
in 3 years and 5 months,
in October 2028, and at that time I will be
51 years old.
By that time I will have invested/saved
another CAD 26,738,
while the rest will be return on my existing FI portfolio and the new
investments,
in total CAD
475,714