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Net worth update per February 29th 2024



This is Jigo's #26 net worth update. Please check out my profile here for more information. As of February 29th 2024, my net worth increased to AUD 1,595,316 and my FI portfolio decreased to AUD 700,218


Net worth

AUD 1,595,316

Since the last update on February 13th 2024 my net worth has increased with AUD 14,376 (+ 0.91 %).

FI portfolio

AUD 700,218

Since the last update on February 13th 2024 my FI portfolio has decreased with AUD -31,662 ( -4.33 %).

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.

I am now 14.0% on my way to achive my FIRE target of AUD 5,000,000. This is -0.6 percentage points closer, compared to the last net worth update.

AUD 700,218 FIRE target: AUD 5,000,000


14.0%


FI portfolio


My FI portfolio now consists of AUD 217,866 (31.1%) in investments, AUD 479,928 (68.5%) in retirement accounts, and AUD 2,424 (0.3%) in cash.

Investments

Since my last update, my investments increased with AUD 3,564 (1.66%).

Retirement accounts

Since my last update, my retirement accounts increased with AUD 5,326 (1.12%).




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


If I quit working today, my monthly pay out would be AUD 2,334 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
2,334/month
(4.0% SWR)
2,042/month
(3.5% SWR)
1,750/month
(3.0% SWR)


When can I retire?


FI date

December 2034


My age

47

I am currently aiming to save/invest approximately AUD 20,000 each month.

Assuming an annual return of 6% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 5,000,000 in 9 years and 5 months, in December 2034, and at that time I will be 47 years old.

By that time I will have invested/saved another AUD 2,600,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 1,699,782


Financial independence forecast