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Net worth update per


This is Frederik's #8 net worth update. Please check out my profile here for more information. As of , my net worth decreased to DKK 1,960,000 and my FI portfolio decreased to DKK 768,000


Net worth

DKK 1,960,000

Since the last update on my net worth has decreased with DKK -2,000 ( -0.1 %).

FI portfolio

DKK 768,000

Since the last update on my FI portfolio has decreased with DKK -3,000 ( -0.39 %).

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 40,000 -10,000 30,000
Investments 431,000 +7,000 438,000
Retirement acc 300,000 0 300,000
Real estate 3,000,000 0 3,000,000
Other assets 0 0 0
Total assets 3,771,000 -3,000 3,768,000

Mortgage 1,713,000 0 1,713,000
Other debt 96,000 -1,000 95,000
Total debt 1,809,000 -1,000 1,808,000
Change
Cash 60,000 -30,000 30,000
Investments 418,000 +20,000 438,000
Retirement acc 300,000 0 300,000
Real estate 3,000,000 0 3,000,000
Other assets 0 0 0
Total assets 3,778,000 -10,000 3,768,000

Mortgage 1,713,000 0 1,713,000
Other debt 98,000 -3,000 95,000
Total debt 1,811,000 -3,000 1,808,000
Change
Cash 100,000 -70,000 30,000
Investments 349,999 +88,001 438,000
Retirement acc 300,000 0 300,000
Real estate 2,999,999 + 1 3,000,000
Other assets 250,000 -250,000 0
Total assets 3,999,998 -231,998 3,768,000

Mortgage 1,700,000 13,000 1,713,000
Other debt 100,000 -5,000 95,000
Total debt 1,800,000 + 8,000 1,808,000

I am now 12.8% on my way to achive my FIRE target of DKK 6,000,000. This is -0.0 percentage points closer, compared to the last net worth update.

DKK 768,000 FIRE target: DKK 6,000,000


12.8%

FI portfolio

My FI portfolio now consists of DKK 438,000 (57.0%) in investments, DKK 300,000 (39.1%) in retirement accounts, and DKK 30,000 (3.9%) in cash.

Investments

Since my last update, my investments increased with DKK 7,000 (1.62%).

Since I started tracking, my total contributions have been DKK 2,500, and my total return has been DKK 91,501.

Retirement accounts

Since my last update, my retirement accounts decreased with DKK 0 (0.0%).

Since I started tracking, my total contributions have been DKK 0, and my total return is DKK 0.




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

If I quit working today, my monthly pay out would be DKK 2,560 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
2,560/month
(4.0% SWR)
2,240/month
(3.5% SWR)
1,920/month
(3.0% SWR)


When can I retire?

FI date

My age

55

I am currently aiming to save/invest approximately DKK 5,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 6,000,000 in 20 years and 8 months, in , and at that time I will be 55 years old.

By that time I will have invested/saved another DKK 1,250,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 3,982,000


Financial independence forecast