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Net worth update per February 24th 2024


This is k3nsh1n78's #193 net worth update. Please check out my profile here for more information. As of February 24th 2024, my net worth increased to AUD 1,145,839 and my FI portfolio increased to AUD 632,359


Net worth

AUD 1,145,839

Since the last update on February 17th 2024 my net worth has increased with AUD 5,992 (+ 0.53 %).

FI portfolio

AUD 632,359

Since the last update on February 17th 2024 my FI portfolio has increased with AUD 3,967 (+ 0.63 %).

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 AUD.
17 Feb 24 Change 24 Feb 24
Cash 284,650 +1,200 285,850
Investments 11,000 -325 10,675
Retirement acc 332,742 +3,092 335,834
Real estate 1,585,000 0 1,585,000
Other assets 12,975 -75 12,900
Total assets 2,226,367 +3,892 2,230,259

Mortgage 1,086,520 -2,100 1,084,420
Other debt 0 0 0
Total debt 1,086,520 -2,100 1,084,420
30 Dec 23 Change 24 Feb 24
Cash 286,550 -700 285,850
Investments 8,480 +2,195 10,675
Retirement acc 305,650 +30,184 335,834
Real estate 1,585,000 0 1,585,000
Other assets 13,500 -600 12,900
Total assets 2,199,180 +31,079 2,230,259

Mortgage 1,093,425 -9,005 1,084,420
Other debt 0 0 0
Total debt 1,093,425 -9,005 1,084,420
20 Jun 20 Change 24 Feb 24
Cash 147,750 +138,100 285,850
Investments 37,355 -26,680 10,675
Retirement acc 136,402 +199,432 335,834
Real estate 1,585,000 0 1,585,000
Other assets 37,280 -24,380 12,900
Total assets 1,943,787 +286,472 2,230,259

Mortgage 1,300,865 -216,445 1,084,420
Other debt 0 0 0
Total debt 1,300,865 -216,445 1,084,420

I am now 42.2% on my way to achive my FIRE target of AUD 1,500,000. This is 0.3 percentage points closer, compared to the last net worth update.

AUD 632,359 FIRE target: AUD 1,500,000


42.2%

FI portfolio

My FI portfolio now consists of AUD 10,675 (1.7%) in investments, AUD 335,834 (53.1%) in retirement accounts, and AUD 285,850 (45.2%) in cash.

Investments

Since my last update, my investments decreased with AUD -325 (-2.95%).

Since I started tracking, my total contributions have been AUD 221,495, and my total return has been AUD -237,960.

Retirement accounts

Since my last update, my retirement accounts increased with AUD 3,092 (0.93%), of which AUD 400 was from contributions , and AUD 7,935 was from returns.

Since I started tracking, my total contributions have been AUD 175,203, and my total return is AUD 113,570.




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

If I quit working today, my monthly pay out would be AUD 2,107 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
2,107/month
(4.0% SWR)
1,844/month
(3.5% SWR)
1,580/month
(3.0% SWR)


When can I retire?

FI date

July 2029

My age

51

I am currently aiming to save/invest approximately AUD 8,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 1,500,000 in 4 years and 0 months, in July 2029, and at that time I will be 51 years old.

By that time I will have invested/saved another AUD 520,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 347,641


Financial independence forecast