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This is freebeforefriday's #7 net worth update. Please check out my profile here for more information. As of , my net worth increased to USD 681,558 and my FI portfolio increased to USD 554,878


Net worth

USD 681,558

Since the last update on my net worth has increased with USD 28,037 (+ 4.29 %).

FI portfolio

USD 554,878

Since the last update on my FI portfolio has increased with USD 10,404 (+ 1.91 %).

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 USD.
Change
Cash 29,961 -11,080 18,881
Investments 203,631 +6,386 210,017
Retirement acc 310,882 +15,098 325,980
Real estate 275,000 0 275,000
Other assets 78,100 0 78,100
Total assets 897,574 +10,404 907,978

Mortgage 95,889 -1,148 94,741
Other debt 148,164 -16,485 131,679
Total debt 244,053 -17,633 226,420
Change
Cash 29,961 -11,080 18,881
Investments 203,631 +6,386 210,017
Retirement acc 310,882 +15,098 325,980
Real estate 275,000 0 275,000
Other assets 78,100 0 78,100
Total assets 897,574 +10,404 907,978

Mortgage 95,889 -1,148 94,741
Other debt 148,164 -16,485 131,679
Total debt 244,053 -17,633 226,420
Change
Cash 4,000 +14,881 18,881
Investments 186,290 +23,727 210,017
Retirement acc 291,463 +34,517 325,980
Real estate 275,000 0 275,000
Other assets 100,600 -22,500 78,100
Total assets 857,353 +50,625 907,978

Mortgage 98,175 -3,434 94,741
Other debt 50,000 + 81,679 131,679
Total debt 148,175 + 78,245 226,420

I am now 37.0% on my way to achive my FIRE target of USD 1,500,000. This is 0.7 percentage points closer, compared to the last net worth update.

USD 554,878 FIRE target: USD 1,500,000


37.0%

FI portfolio

My FI portfolio now consists of USD 210,017 (37.8%) in investments, USD 325,980 (58.7%) in retirement accounts, and USD 18,881 (3.4%) in cash.

Investments

Since my last update, my investments increased with USD 6,386 (3.14%).

Retirement accounts

Since my last update, my retirement accounts increased with USD 15,098 (4.86%).




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

If I quit working today, my monthly pay out would be USD 1,849 for the rest of my life.


Monthly SWR amount
Retire today with (USD)
1,849/month
(4.0% SWR)
1,618/month
(3.5% SWR)
1,387/month
(3.0% SWR)


When can I retire?

FI date

My age

39

I am currently aiming to save/invest approximately USD 2,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of USD 1,500,000 in 5 years and 2 months, in , and at that time I will be 39 years old.

By that time I will have invested/saved another USD 250,000, while the rest will be return on my existing FI portfolio and the new investments, in total USD 695,122


Financial independence forecast