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Net worth update per February 3rd 2024


This is goal_oriented's #88 net worth update. Please check out my profile here for more information. As of February 3rd 2024, my net worth increased to CAD 482,900 and my FI portfolio increased to CAD 422,900


Net worth

CAD 482,900

Since the last update on January 1st 2024 my net worth has increased with CAD 20,600 (+ 4.46 %).

FI portfolio

CAD 422,900

Since the last update on January 1st 2024 my FI portfolio has increased with CAD 20,100 (+ 4.99 %).

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 CAD.
1 Jan 24 Change 3 Feb 24
Cash 30,700 -1,100 29,600
Investments 189,000 +6,300 195,300
Retirement acc 183,100 +14,900 198,000
Real estate 230,000 0 230,000
Other assets 0 0 0
Total assets 632,800 +20,100 652,900

Mortgage 170,500 -500 170,000
Other debt 0 0 0
Total debt 170,500 -500 170,000
1 Dec 23 Change 3 Feb 24
Cash 29,900 -300 29,600
Investments 185,800 +9,500 195,300
Retirement acc 175,900 +22,100 198,000
Real estate 230,000 0 230,000
Other assets 0 0 0
Total assets 621,600 +31,300 652,900

Mortgage 170,900 -900 170,000
Other debt 0 0 0
Total debt 170,900 -900 170,000
23 Aug 19 Change 3 Feb 24
Cash 7,000 +22,600 29,600
Investments 35,000 +160,300 195,300
Retirement acc 60,000 +138,000 198,000
Real estate 0 + 230,000 230,000
Other assets 0 0 0
Total assets 102,000 +550,900 652,900

Mortgage 0 170,000 170,000
Other debt 0 0 0
Total debt 0 + 170,000 170,000

I am now 30.2% on my way to achive my FIRE target of CAD 1,400,000. This is 1.4 percentage points closer, compared to the last net worth update.

CAD 422,900 FIRE target: CAD 1,400,000


30.2%

FI portfolio

My FI portfolio now consists of CAD 195,300 (46.2%) in investments, CAD 198,000 (46.8%) in retirement accounts, and CAD 29,600 (7.0%) in cash.

Investments

Since my last update, my investments increased with CAD 6,300 (3.33%), of which CAD 4,800 was from contributions, and CAD -2,600 was from returns.

Since I started tracking, my total contributions have been CAD 229,067, and my total return has been CAD 320,233.

Retirement accounts

Since my last update, my retirement accounts increased with CAD 14,900 (8.14%).

Since I started tracking, my total contributions have been CAD 126,832, and my total return is CAD 56,768.




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

If I quit working today, my monthly pay out would be CAD 1,409 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
1,409/month
(4.0% SWR)
1,233/month
(3.5% SWR)
1,057/month
(3.0% SWR)


When can I retire?

FI date

March 2027

My age

34

I am currently aiming to save/invest approximately CAD 22,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 1,400,000 in 1 years and 8 months, in March 2027, and at that time I will be 34 years old.

By that time I will have invested/saved another CAD 814,000, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 163,100


Financial independence forecast