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This is Fent's #3 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 6,780,000 and my FI portfolio increased to NOK 6,005,000


Net worth

NOK 6,780,000

Since the last update on my net worth has increased with NOK 1,359,000 (+ 25.07 %).

FI portfolio

NOK 6,005,000

Since the last update on my FI portfolio has increased with NOK 1,524,000 (+ 34.01 %).

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 108,000 -93,000 15,000
Investments 4,015,000 +1,485,000 5,500,000
Retirement acc 358,000 +132,000 490,000
Real estate 2,700,000 0 2,700,000
Other assets 500,000 -150,000 350,000
Total assets 7,681,000 +1,374,000 9,055,000

Mortgage 2,260,000 -85,000 2,175,000
Other debt 0 + 100,000 100,000
Total debt 2,260,000 + 15,000 2,275,000
Change
Cash 108,000 -93,000 15,000
Investments 4,015,000 +1,485,000 5,500,000
Retirement acc 358,000 +132,000 490,000
Real estate 2,700,000 0 2,700,000
Other assets 500,000 -150,000 350,000
Total assets 7,681,000 +1,374,000 9,055,000

Mortgage 2,260,000 -85,000 2,175,000
Other debt 0 + 100,000 100,000
Total debt 2,260,000 + 15,000 2,275,000
Change
Cash 107,800 -92,800 15,000
Investments 3,935,000 +1,565,000 5,500,000
Retirement acc 320,002 +169,998 490,000
Real estate 2,699,999 + 1 2,700,000
Other assets 500,000 -150,000 350,000
Total assets 7,562,801 +1,492,199 9,055,000

Mortgage 2,210,000 -35,000 2,175,000
Other debt 0 + 100,000 100,000
Total debt 2,210,000 + 65,000 2,275,000

I am now 60.0% on my way to achive my FIRE target of NOK 10,000,000. This is 15.2 percentage points closer, compared to the last net worth update.

NOK 6,005,000 FIRE target: NOK 10,000,000


60.0%

FI portfolio

My FI portfolio now consists of NOK 5,500,000 (91.6%) in investments, NOK 490,000 (8.2%) in retirement accounts, and NOK 15,000 (0.2%) in cash.

Investments

Since my last update, my investments increased with NOK 1,485,000 (36.99%).

Since I started tracking, my total contributions have been NOK 67,000, and my total return has been NOK 1,498,000.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 132,000 (36.87%).

Since I started tracking, my total contributions have been NOK 0, and my total return is NOK 169,998.




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

If I quit working today, my monthly pay out would be NOK 20,016 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
20,016/month
(4.0% SWR)
17,514/month
(3.5% SWR)
15,012/month
(3.0% SWR)


When can I retire?

FI date

My age

40

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

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 10,000,000 in 4 years and 6 months, in , and at that time I will be 40 years old.

By that time I will have invested/saved another NOK 1,120,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 2,875,000


Financial independence forecast