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Net worth update per


This is grodt's #13 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 6,819,641 and my FI portfolio increased to NOK 4,958,641


Net worth

NOK 6,819,641

Since the last update on my net worth has increased with NOK 205,641 (+ 3.11 %).

FI portfolio

NOK 4,958,641

Since the last update on my FI portfolio has increased with NOK 199,641 (+ 4.2 %).

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 NOK.
Change
Cash 160,000 +20,000 180,000
Investments 3,739,000 +118,226 3,857,226
Retirement acc 860,000 +61,415 921,415
Real estate 3,150,000 0 3,150,000
Other assets 0 0 0
Total assets 7,909,000 +199,641 8,108,641

Mortgage 1,111,000 -3,000 1,108,000
Other debt 184,000 -3,000 181,000
Total debt 1,295,000 -6,000 1,289,000
Change
Cash 180,000 0 180,000
Investments 3,624,119 +233,107 3,857,226
Retirement acc 800,000 +121,415 921,415
Real estate 3,200,000 -50,000 3,150,000
Other assets 0 0 0
Total assets 7,804,119 +304,522 8,108,641

Mortgage 1,117,000 -9,000 1,108,000
Other debt 190,000 -9,000 181,000
Total debt 1,307,000 -18,000 1,289,000
Change
Cash 50,000 +130,000 180,000
Investments 3,150,000 +707,226 3,857,226
Retirement acc 0 +921,415 921,415
Real estate 3,150,000 0 3,150,000
Other assets 0 0 0
Total assets 6,350,000 +1,758,641 8,108,641

Mortgage 1,150,000 -42,000 1,108,000
Other debt 230,000 -49,000 181,000
Total debt 1,380,000 -91,000 1,289,000

I am now 41.3% on my way to achive my FIRE target of NOK 12,000,000. This is 1.7 percentage points closer, compared to the last net worth update.

NOK 4,958,641 FIRE target: NOK 12,000,000


41.3%

FI portfolio

My FI portfolio now consists of NOK 3,857,226 (77.8%) in investments, NOK 921,415 (18.6%) in retirement accounts, and NOK 180,000 (3.6%) in cash.

Investments

Since my last update, my investments increased with NOK 118,226 (3.16%), of which NOK 25,000 was from contributions, and NOK 97,774 was from returns.

Since I started tracking, my total contributions have been NOK 260,000, and my total return has been NOK 570,000.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 61,415 (7.14%), of which NOK 9,000 was from contributions , and NOK 36,585 was from returns.

Since I started tracking, my total contributions have been NOK 68,246, and my total return is NOK 898,754.




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

If I quit working today, my monthly pay out would be NOK 16,528 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
16,528/month
(4.0% SWR)
14,462/month
(3.5% SWR)
12,396/month
(3.0% SWR)


When can I retire?

FI date

My age

52

I am currently aiming to save/invest approximately NOK 30,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 12,000,000 in 7 years and 6 months, in , and at that time I will be 52 years old.

By that time I will have invested/saved another NOK 2,760,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 4,281,359


Financial independence forecast