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Net worth update per


This is SKY2024's #2 net worth update. Please check out my profile here for more information. As of , my net worth increased to AUD 2,991,114 and my FI portfolio increased to AUD 680,971


Net worth

AUD 2,991,114

Since the last update on my net worth has increased with AUD 41,977 (+ 1.42 %).

FI portfolio

AUD 680,971

Since the last update on my FI portfolio has increased with AUD 25,958 (+ 3.96 %).

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.
Change
Cash 320,326 +1,674 322,000
Investments 73,991 +5,989 79,980
Retirement acc 260,696 +18,295 278,991
Real estate 4,085,800 + 14,200 4,100,000
Other assets 40,000 0 40,000
Total assets 4,780,813 +40,158 4,820,971

Mortgage 1,830,676 -1,819 1,828,857
Other debt 1,000 0 1,000
Total debt 1,831,676 -1,819 1,829,857
Change
Cash 320,326 +1,674 322,000
Investments 73,991 +5,989 79,980
Retirement acc 260,696 +18,295 278,991
Real estate 4,085,800 + 14,200 4,100,000
Other assets 40,000 0 40,000
Total assets 4,780,813 +40,158 4,820,971

Mortgage 1,830,676 -1,819 1,828,857
Other debt 1,000 0 1,000
Total debt 1,831,676 -1,819 1,829,857
Change
Cash 320,326 +1,674 322,000
Investments 73,991 +5,989 79,980
Retirement acc 260,696 +18,295 278,991
Real estate 4,085,800 + 14,200 4,100,000
Other assets 40,000 0 40,000
Total assets 4,780,813 +40,158 4,820,971

Mortgage 1,830,676 -1,819 1,828,857
Other debt 1,000 0 1,000
Total debt 1,831,676 -1,819 1,829,857

I am now 19.5% on my way to achive my FIRE target of AUD 3,500,000. This is 0.7 percentage points closer, compared to the last net worth update.

AUD 680,971 FIRE target: AUD 3,500,000


19.5%

FI portfolio

My FI portfolio now consists of AUD 79,980 (11.7%) in investments, AUD 278,991 (41.0%) in retirement accounts, and AUD 322,000 (47.3%) in cash.

Investments

Since my last update, my investments increased with AUD 5,989 (8.09%), of which AUD 8,000 was from contributions, and AUD 22,000 was from returns.

Since I started tracking, my total contributions have been AUD 77,000, and my total return has been AUD 114,009.

Retirement accounts

Since my last update, my retirement accounts increased with AUD 18,295 (7.02%), of which AUD 10,000 was from contributions , and AUD 1,149 was from returns.

Since I started tracking, my total contributions have been AUD 204,899, and my total return is AUD 26,405.




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

If I quit working today, my monthly pay out would be AUD 2,269 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
2,269/month
(4.0% SWR)
1,986/month
(3.5% SWR)
1,702/month
(3.0% SWR)


When can I retire?

FI date

My age

53

I am currently aiming to save/invest approximately AUD 6,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 3,500,000 in 11 years and 4 months, in , and at that time I will be 53 years old.

By that time I will have invested/saved another AUD 912,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 1,907,029


Financial independence forecast