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Net worth update per January 18th 2024


This is wornoutTuna1's #49 net worth update. Please check out my profile here for more information. As of January 18th 2024, my net worth increased to NOK 1,551,766 and my FI portfolio increased to NOK 943,157


Net worth

NOK 1,551,766

Since the last update on January 11th 2024 my net worth has increased with NOK 14,919 (+ 0.97 %).

FI portfolio

NOK 943,157

Since the last update on January 11th 2024 my FI portfolio has increased with NOK 14,929 (+ 1.61 %).

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.
11 Jan 24 Change 18 Jan 24
Cash 257,003 -3,393 253,610
Investments 525,651 +18,104 543,755
Retirement acc 145,574 +218 145,792
Real estate 2,000,000 0 2,000,000
Other assets 0 0 0
Total assets 2,928,228 +14,929 2,943,157

Mortgage 1,046,727 10 1,046,737
Other debt 344,654 0 344,654
Total debt 1,391,381 10 1,391,391
16 Dec 23 Change 18 Jan 24
Cash 252,382 +1,228 253,610
Investments 535,635 +8,120 543,755
Retirement acc 142,295 +3,497 145,792
Real estate 2,000,000 0 2,000,000
Other assets 0 0 0
Total assets 2,930,312 +12,845 2,943,157

Mortgage 1,048,897 -2,160 1,046,737
Other debt 341,123 + 3,531 344,654
Total debt 1,390,020 + 1,371 1,391,391
26 May 22 Change 18 Jan 24
Cash 229,669 +23,941 253,610
Investments 218,295 +325,460 543,755
Retirement acc 79,959 +65,833 145,792
Real estate 2,000,000 0 2,000,000
Other assets 8,000 -8,000 0
Total assets 2,535,923 +407,234 2,943,157

Mortgage 1,105,445 -58,708 1,046,737
Other debt 354,482 -9,828 344,654
Total debt 1,459,927 -68,536 1,391,391

I am now 16.3% on my way to achive my FIRE target of NOK 5,800,000. This is 0.3 percentage points closer, compared to the last net worth update.

NOK 943,157 FIRE target: NOK 5,800,000


16.3%

FI portfolio

My FI portfolio now consists of NOK 543,755 (57.7%) in investments, NOK 145,792 (15.5%) in retirement accounts, and NOK 253,610 (26.9%) in cash.

Investments

Since my last update, my investments increased with NOK 18,104 (3.44%).

Since I started tracking, my total contributions have been NOK 141,000, and my total return has been NOK 405,243.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 218 (0.15%).

Since I started tracking, my total contributions have been NOK 20,480, and my total return is NOK 114,822.




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

If I quit working today, my monthly pay out would be NOK 3,143 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
3,143/month
(4.0% SWR)
2,750/month
(3.5% SWR)
2,357/month
(3.0% SWR)


When can I retire?

FI date

May 2040

My age

46

I am currently aiming to save/invest approximately NOK 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 NOK 5,800,000 in 14 years and 11 months, in May 2040, and at that time I will be 46 years old.

By that time I will have invested/saved another NOK 784,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 4,072,843


Financial independence forecast