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Net worth update per


This is laaknor's #17 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 4,049,634 and my FI portfolio increased to NOK 2,185,557


Net worth

NOK 4,049,634

Since the last update on my net worth has increased with NOK 32,224 (+ 0.8 %).

FI portfolio

NOK 2,185,557

Since the last update on my FI portfolio has increased with NOK 728,793 (+ 50.03 %).

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 0 0 0
Investments 1,193,168 +723,808 1,916,976
Retirement acc 263,596 +4,985 268,581
Real estate 4,770,000 -20,000 4,750,000
Other assets 704,242 -704,242 0
Total assets 6,931,006 +4,551 6,935,557

Mortgage 2,913,596 -27,673 2,885,923
Other debt 0 0 0
Total debt 2,913,596 -27,673 2,885,923
Change
Cash 0 0 0
Investments 1,193,168 +723,808 1,916,976
Retirement acc 263,596 +4,985 268,581
Real estate 4,770,000 -20,000 4,750,000
Other assets 704,242 -704,242 0
Total assets 6,931,006 +4,551 6,935,557

Mortgage 2,913,596 -27,673 2,885,923
Other debt 0 0 0
Total debt 2,913,596 -27,673 2,885,923
Change
Cash 30,000 -30,000 0
Investments 328,000 +1,588,976 1,916,976
Retirement acc 75,000 +193,581 268,581
Real estate 4,630,000 + 120,000 4,750,000
Other assets 51,000 -51,000 0
Total assets 5,114,000 +1,821,557 6,935,557

Mortgage 2,309,489 576,434 2,885,923
Other debt 0 0 0
Total debt 2,309,489 + 576,434 2,885,923

I am now 21.9% on my way to achive my FIRE target of NOK 10,000,000. This is 7.3 percentage points closer, compared to the last net worth update.

NOK 2,185,557 FIRE target: NOK 10,000,000


21.9%

FI portfolio

My FI portfolio now consists of NOK 1,916,976 (87.7%) in investments, NOK 268,581 (12.3%) in retirement accounts, and NOK 0 (0.0%) in cash.

Investments

Since my last update, my investments increased with NOK 723,808 (60.66%), of which NOK 60,000 was from contributions, and NOK 66,521 was from returns.

Since I started tracking, my total contributions have been NOK 60,000, and my total return has been NOK 2,039,165.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 4,985 (1.89%), of which NOK 1,250 was from contributions , and NOK 3,385 was from returns.

Since I started tracking, my total contributions have been NOK 1,250, and my total return is NOK 314,583.




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

If I quit working today, my monthly pay out would be NOK 7,285 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
7,285/month
(4.0% SWR)
6,374/month
(3.5% SWR)
5,463/month
(3.0% SWR)


When can I retire?

FI date

My age

47

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

Assuming an annual return of 9% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 10,000,000 in 8 years and 6 months, in , and at that time I will be 47 years old.

By that time I will have invested/saved another NOK 2,950,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 4,864,443


Financial independence forecast