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Net worth update per


This is Bananaslap's #2 net worth update. Please check out my profile here for more information. As of , my net worth increased to AUD 693,500 and my FI portfolio decreased to AUD 343,500


Net worth

AUD 693,500

Since the last update on my net worth has increased with AUD 500 (+ 0.07 %).

FI portfolio

AUD 343,500

Since the last update on my FI portfolio has decreased with AUD -159,500 ( -31.71 %).

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 55,000 0 55,000
Investments 238,000 -159,500 78,500
Retirement acc 210,000 0 210,000
Real estate 800,000 0 800,000
Other assets 20,000 0 20,000
Total assets 1,323,000 -159,500 1,163,500

Mortgage 630,000 -160,000 470,000
Other debt 0 0 0
Total debt 630,000 -160,000 470,000
Change
Cash 55,000 0 55,000
Investments 238,000 -159,500 78,500
Retirement acc 210,000 0 210,000
Real estate 800,000 0 800,000
Other assets 20,000 0 20,000
Total assets 1,323,000 -159,500 1,163,500

Mortgage 630,000 -160,000 470,000
Other debt 0 0 0
Total debt 630,000 -160,000 470,000
Change
Cash 55,000 0 55,000
Investments 238,000 -159,500 78,500
Retirement acc 210,000 0 210,000
Real estate 800,000 0 800,000
Other assets 20,000 0 20,000
Total assets 1,323,000 -159,500 1,163,500

Mortgage 630,000 -160,000 470,000
Other debt 0 0 0
Total debt 630,000 -160,000 470,000

I am now 22.9% on my way to achive my FIRE target of AUD 1,500,000. This is -10.6 percentage points closer, compared to the last net worth update.

AUD 343,500 FIRE target: AUD 1,500,000


22.9%

FI portfolio

My FI portfolio now consists of AUD 78,500 (22.9%) in investments, AUD 210,000 (61.1%) in retirement accounts, and AUD 55,000 (16.0%) in cash.

Investments

Since my last update, my investments decreased with AUD -159,500 (-67.02%).

Retirement accounts

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




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

If I quit working today, my monthly pay out would be AUD 1,145 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
1,145/month
(4.0% SWR)
1,001/month
(3.5% SWR)
858/month
(3.0% SWR)


When can I retire?

FI date

My age

49

I am currently aiming to save/invest approximately AUD 2,500 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 1,500,000 in 10 years and 9 months, in , and at that time I will be 49 years old.

By that time I will have invested/saved another AUD 325,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 831,500


Financial independence forecast