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Net worth update per


This is FrankTheTank's #6 net worth update. Please check out my profile here for more information. As of , my net worth increased to DKK 2,076,564 and my FI portfolio increased to DKK 2,006,067


Net worth

DKK 2,076,564

Since the last update on my net worth has increased with DKK 104,264 (+ 5.29 %).

FI portfolio

DKK 2,006,067

Since the last update on my FI portfolio has increased with DKK 85,967 (+ 4.48 %).

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 DKK.
Change
Cash 275,000 +3,500 278,500
Investments 784,400 +43,502 827,902
Retirement acc 860,700 +38,965 899,665
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,820,100 +85,967 3,906,067

Mortgage 1,741,800 -5,217 1,736,583
Other debt 106,000 -13,080 92,920
Total debt 1,847,800 -18,297 1,829,503
Change
Cash 275,000 +3,500 278,500
Investments 784,400 +43,502 827,902
Retirement acc 860,700 +38,965 899,665
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,820,100 +85,967 3,906,067

Mortgage 1,741,800 -5,217 1,736,583
Other debt 106,000 -13,080 92,920
Total debt 1,847,800 -18,297 1,829,503
Change
Cash 229,000 +49,500 278,500
Investments 746,000 +81,902 827,902
Retirement acc 789,720 +109,945 899,665
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,664,720 +241,347 3,906,067

Mortgage 1,740,300 -3,717 1,736,583
Other debt 52,000 + 40,920 92,920
Total debt 1,792,300 + 37,203 1,829,503

I am now 13.4% on my way to achive my FIRE target of DKK 15,000,000. This is 0.6 percentage points closer, compared to the last net worth update.

DKK 2,006,067 FIRE target: DKK 15,000,000


13.4%

FI portfolio

My FI portfolio now consists of DKK 827,902 (41.3%) in investments, DKK 899,665 (44.8%) in retirement accounts, and DKK 278,500 (13.9%) in cash.

Investments

Since my last update, my investments increased with DKK 43,502 (5.55%).

Retirement accounts

Since my last update, my retirement accounts increased with DKK 38,965 (4.53%).




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

If I quit working today, my monthly pay out would be DKK 6,686 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
6,686/month
(4.0% SWR)
5,851/month
(3.5% SWR)
5,015/month
(3.0% SWR)


When can I retire?

FI date

My age

51

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

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 15,000,000 in 16 years and 1 months, in , and at that time I will be 51 years old.

By that time I will have invested/saved another DKK 4,925,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 8,068,933


Financial independence forecast