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Net worth update per February 11th 2024


This is enragedCake2's #42 net worth update. Please check out my profile here for more information. As of February 11th 2024, my net worth increased to INR 14,383,567 and my FI portfolio increased to INR 13,404,632


Net worth

INR 14,383,567

Since the last update on December 18th 2023 my net worth has increased with INR 1,103,992 (+ 8.31 %).

FI portfolio

INR 13,404,632

Since the last update on December 18th 2023 my FI portfolio has increased with INR 1,048,657 (+ 8.49 %).

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 INR.
18 Dec 23 Change 11 Feb 24
Cash 1,217,506 -983,774 233,732
Investments 10,189,307 +2,035,501 12,224,808
Retirement acc 949,162 -3,070 946,092
Real estate 0 0 0
Other assets 923,600 + 55,335 978,935
Total assets 13,279,575 +1,103,992 14,383,567

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
18 Dec 23 Change 11 Feb 24
Cash 1,217,506 -983,774 233,732
Investments 10,189,307 +2,035,501 12,224,808
Retirement acc 949,162 -3,070 946,092
Real estate 0 0 0
Other assets 923,600 + 55,335 978,935
Total assets 13,279,575 +1,103,992 14,383,567

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
2 Nov 19 Change 11 Feb 24
Cash 1,190,877 -957,145 233,732
Investments 425,244 +11,799,564 12,224,808
Retirement acc 95,920 +850,172 946,092
Real estate 0 0 0
Other assets 1,610,039 -631,104 978,935
Total assets 3,322,080 +11,061,487 14,383,567

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

I am now 22.3% on my way to achive my FIRE target of INR 60,000,000. This is 1.7 percentage points closer, compared to the last net worth update.

INR 13,404,632 FIRE target: INR 60,000,000


22.3%

FI portfolio

My FI portfolio now consists of INR 12,224,808 (91.2%) in investments, INR 946,092 (7.1%) in retirement accounts, and INR 233,732 (1.7%) in cash.

Investments

Since my last update, my investments increased with INR 2,035,501 (19.98%).

Since I started tracking, my total contributions have been INR 123,587, and my total return has been INR 18,200,229.

Retirement accounts

Since my last update, my retirement accounts decreased with INR -3,070 (-0.32%).

Since I started tracking, my total contributions have been INR 7,360, and my total return is INR 1,277,329.




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

If I quit working today, my monthly pay out would be INR 44,682 for the rest of my life.


Monthly SWR amount
Retire today with (INR)
44,682/month
(4.0% SWR)
39,096/month
(3.5% SWR)
33,511/month
(3.0% SWR)


When can I retire?

FI date

August 2029

My age

36

I am currently aiming to save/invest approximately INR 480,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of INR 60,000,000 in 4 years and 2 months, in August 2029, and at that time I will be 36 years old.

By that time I will have invested/saved another INR 31,680,000, while the rest will be return on my existing FI portfolio and the new investments, in total INR 14,915,368


Financial independence forecast