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Net worth update per


This is FrankTheTank's #7 net worth update. Please check out my profile here for more information. As of , my net worth increased to DKK 2,204,735 and my FI portfolio increased to DKK 2,125,480


Net worth

DKK 2,204,735

Since the last update on my net worth has increased with DKK 128,171 (+ 6.17 %).

FI portfolio

DKK 2,125,480

Since the last update on my FI portfolio has increased with DKK 119,413 (+ 5.95 %).

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.
Change
Cash 278,500 +16,834 295,334
Investments 827,902 +62,805 890,707
Retirement acc 899,665 +39,774 939,439
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,906,067 +119,413 4,025,480

Mortgage 1,736,583 -9,600 1,726,983
Other debt 92,920 + 842 93,762
Total debt 1,829,503 + -8,758 1,820,745
Change
Cash 275,000 +20,334 295,334
Investments 784,400 +106,307 890,707
Retirement acc 860,700 +78,739 939,439
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,820,100 +205,380 4,025,480

Mortgage 1,741,800 -14,817 1,726,983
Other debt 106,000 -12,238 93,762
Total debt 1,847,800 -27,055 1,820,745
Change
Cash 229,000 +66,334 295,334
Investments 746,000 +144,707 890,707
Retirement acc 789,720 +149,719 939,439
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,664,720 +360,760 4,025,480

Mortgage 1,740,300 -13,317 1,726,983
Other debt 52,000 + 41,762 93,762
Total debt 1,792,300 + 28,445 1,820,745

I am now 14.2% on my way to achive my FIRE target of DKK 15,000,000. This is 0.8 percentage points closer, compared to the last net worth update.

DKK 2,125,480 FIRE target: DKK 15,000,000


14.2%

FI portfolio

My FI portfolio now consists of DKK 890,707 (41.9%) in investments, DKK 939,439 (44.2%) in retirement accounts, and DKK 295,334 (13.9%) in cash.

Investments

Since my last update, my investments increased with DKK 62,805 (7.59%).

Retirement accounts

Since my last update, my retirement accounts increased with DKK 39,774 (4.42%).




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

If I quit working today, my monthly pay out would be DKK 7,084 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
7,084/month
(4.0% SWR)
6,199/month
(3.5% SWR)
5,313/month
(3.0% SWR)


When can I retire?

FI date

My age

51

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 15,000,000 in 15 years and 11 months, in , and at that time I will be 51 years old.

By that time I will have invested/saved another DKK 4,850,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 8,024,520


Financial independence forecast