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This is SKY2024's #3 net worth update. Please check out my profile here for more information. As of , my net worth increased to AUD 2,996,577 and my FI portfolio increased to AUD 685,000


Net worth

AUD 2,996,577

Since the last update on my net worth has increased with AUD 5,463 (+ 0.18 %).

FI portfolio

AUD 685,000

Since the last update on my FI portfolio has increased with AUD 4,029 (+ 0.59 %).

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 322,000 -5,000 317,000
Investments 79,980 +6,020 86,000
Retirement acc 278,991 +3,009 282,000
Real estate 4,100,000 -1 4,099,999
Other assets 40,000 0 40,000
Total assets 4,820,971 +4,028 4,824,999

Mortgage 1,828,857 -1,435 1,827,422
Other debt 1,000 0 1,000
Total debt 1,829,857 -1,435 1,828,422
Change
Cash 320,326 -3,326 317,000
Investments 73,991 +12,009 86,000
Retirement acc 260,696 +21,304 282,000
Real estate 4,085,800 + 14,199 4,099,999
Other assets 40,000 0 40,000
Total assets 4,780,813 +44,186 4,824,999

Mortgage 1,830,676 -3,254 1,827,422
Other debt 1,000 0 1,000
Total debt 1,831,676 -3,254 1,828,422
Change
Cash 320,326 -3,326 317,000
Investments 73,991 +12,009 86,000
Retirement acc 260,696 +21,304 282,000
Real estate 4,085,800 + 14,199 4,099,999
Other assets 40,000 0 40,000
Total assets 4,780,813 +44,186 4,824,999

Mortgage 1,830,676 -3,254 1,827,422
Other debt 1,000 0 1,000
Total debt 1,831,676 -3,254 1,828,422

I am now 19.6% on my way to achive my FIRE target of AUD 3,500,000. This is 0.1 percentage points closer, compared to the last net worth update.

AUD 685,000 FIRE target: AUD 3,500,000


19.6%

FI portfolio

My FI portfolio now consists of AUD 86,000 (12.6%) in investments, AUD 282,000 (41.2%) in retirement accounts, and AUD 317,000 (46.3%) in cash.

Investments

Since my last update, my investments increased with AUD 6,020 (7.53%), of which AUD 30,000 was from contributions, and AUD 9,000 was from returns.

Since I started tracking, my total contributions have been AUD 107,000, and my total return has been AUD 123,009.

Retirement accounts

Since my last update, my retirement accounts increased with AUD 3,009 (1.08%).

Since I started tracking, my total contributions have been AUD 204,899, and my total return is AUD 24,405.




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

If I quit working today, my monthly pay out would be AUD 2,283 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
2,283/month
(4.0% SWR)
1,997/month
(3.5% SWR)
1,712/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 10 years and 11 months, in , and at that time I will be 53 years old.

By that time I will have invested/saved another AUD 906,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 1,909,000


Financial independence forecast