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Net worth update per February 10th 2024


This is chinook's #61 net worth update. Please check out my profile here for more information. As of February 10th 2024, my net worth increased to GBP 761,340 and my FI portfolio increased to GBP 743,340


Net worth

GBP 761,340

Since the last update on December 31st 2023 my net worth has increased with GBP 42,184 (+ 5.87 %).

FI portfolio

GBP 743,340

Since the last update on December 31st 2023 my FI portfolio has increased with GBP 42,635 (+ 6.08 %).

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 GBP.
31 Dec 23 Change 10 Feb 24
Cash 120,653 +8,481 129,134
Investments 154,413 +12,267 166,680
Retirement acc 425,639 +21,887 447,526
Real estate 0 0 0
Other assets 18,451 -451 18,000
Total assets 719,156 +42,184 761,340

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
31 Dec 23 Change 10 Feb 24
Cash 120,653 +8,481 129,134
Investments 154,413 +12,267 166,680
Retirement acc 425,639 +21,887 447,526
Real estate 0 0 0
Other assets 18,451 -451 18,000
Total assets 719,156 +42,184 761,340

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
1 Feb 19 Change 10 Feb 24
Cash 100,000 +29,134 129,134
Investments 20,000 +146,680 166,680
Retirement acc 52,800 +394,726 447,526
Real estate 0 0 0
Other assets 0 + 18,000 18,000
Total assets 172,800 +588,540 761,340

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0

I am now 74.3% on my way to achive my FIRE target of GBP 1,000,000. This is 4.3 percentage points closer, compared to the last net worth update.

GBP 743,340 FIRE target: GBP 1,000,000


74.3%

FI portfolio

My FI portfolio now consists of GBP 166,680 (22.4%) in investments, GBP 447,526 (60.2%) in retirement accounts, and GBP 129,134 (17.4%) in cash.

Investments

Since my last update, my investments increased with GBP 12,267 (7.94%), of which GBP 100 was from contributions, and GBP -13,738 was from returns.

Since I started tracking, my total contributions have been GBP 157,236, and my total return has been GBP 18,448.

Retirement accounts

Since my last update, my retirement accounts increased with GBP 21,887 (5.14%), of which GBP 3,841 was from contributions , and GBP -38,284 was from returns.

Since I started tracking, my total contributions have been GBP 349,928, and my total return is GBP 158,924.




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

If I quit working today, my monthly pay out would be GBP 2,477 for the rest of my life.


Monthly SWR amount
Retire today with (GBP)
2,477/month
(4.0% SWR)
2,168/month
(3.5% SWR)
1,858/month
(3.0% SWR)


When can I retire?

FI date

July 2026

My age

50

I am currently aiming to save/invest approximately GBP 5,000 each month.

Assuming an annual return of 6% on my investments and my retirement accounts, I aim to reach my FIRE target of GBP 1,000,000 in 1 years and 1 months, in July 2026, and at that time I will be 50 years old.

By that time I will have invested/saved another GBP 145,000, while the rest will be return on my existing FI portfolio and the new investments, in total GBP 111,660


Financial independence forecast