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Net worth update per February 1st 2024


This is RegenerativeEconomy's #26 net worth update. Please check out my profile here for more information. As of February 1st 2024, my net worth increased to DKK 1,219,767 and my FI portfolio increased to DKK 778,637


Net worth

DKK 1,219,767

Since the last update on January 1st 2024 my net worth has increased with DKK 34,175 (+ 2.88 %).

FI portfolio

DKK 778,637

Since the last update on January 1st 2024 my FI portfolio has increased with DKK 19,339 (+ 2.55 %).

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.
1 Jan 24 Change 1 Feb 24
Cash 94,046 -2,041 92,005
Investments 1 0 1
Retirement acc 665,251 +21,380 686,631
Real estate 3,695,000 0 3,695,000
Other assets 120,130 -1,931 118,199
Total assets 4,574,428 +17,408 4,591,836

Mortgage 2,749,600 -7,677 2,741,923
Other debt 639,236 -9,090 630,146
Total debt 3,388,836 -16,767 3,372,069
1 Dec 23 Change 1 Feb 24
Cash 63,364 +28,641 92,005
Investments 1 0 1
Retirement acc 638,853 +47,778 686,631
Real estate 3,695,000 0 3,695,000
Other assets 115,921 + 2,278 118,199
Total assets 4,513,139 +78,697 4,591,836

Mortgage 2,757,476 -15,553 2,741,923
Other debt 644,295 -14,149 630,146
Total debt 3,401,771 -29,702 3,372,069
1 Jan 22 Change 1 Feb 24
Cash 203,420 -111,415 92,005
Investments 251,923 -251,922 1
Retirement acc 458,909 +227,722 686,631
Real estate 3,900,000 -205,000 3,695,000
Other assets 41,838 + 76,361 118,199
Total assets 4,856,090 -264,254 4,591,836

Mortgage 2,976,045 -234,122 2,741,923
Other debt 876,374 -246,228 630,146
Total debt 3,852,419 -480,350 3,372,069

I am now 4.3% on my way to achive my FIRE target of DKK 18,000,000. This is 0.1 percentage points closer, compared to the last net worth update.

DKK 778,637 FIRE target: DKK 18,000,000


4.3%

FI portfolio

My FI portfolio now consists of DKK 1 (0.0%) in investments, DKK 686,631 (88.2%) in retirement accounts, and DKK 92,005 (11.8%) in cash.

Investments

Since my last update, my investments decreased with DKK 0 (0.0%), of which DKK 500 was from contributions, and DKK -1 was from returns.

Retirement accounts

Since my last update, my retirement accounts increased with DKK 21,380 (3.21%), of which DKK 22,074 was from contributions , and DKK 15,381 was from returns.

Since I started tracking, my total contributions have been DKK 604,664, and my total return is DKK 84,192.




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

If I quit working today, my monthly pay out would be DKK 2,595 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
2,595/month
(4.0% SWR)
2,271/month
(3.5% SWR)
1,946/month
(3.0% SWR)


When can I retire?

FI date

July 2045

My age

59

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 18,000,000 in 19 years and 11 months, in July 2045, and at that time I will be 59 years old.

By that time I will have invested/saved another DKK 6,425,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 10,796,363


Financial independence forecast