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Net worth update per


This is FrankTheTank's #9 net worth update. Please check out my profile here for more information. As of , my net worth increased to DKK 2,235,946 and my FI portfolio increased to DKK 2,187,886


Net worth

DKK 2,235,946

Since the last update on my net worth has increased with DKK 37,759 (+ 1.72 %).

FI portfolio

DKK 2,187,886

Since the last update on my FI portfolio has increased with DKK 24,440 (+ 1.13 %).

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 278,054 +18,816 296,870
Investments 910,892 +12,908 923,800
Retirement acc 974,500 -7,284 967,216
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 4,063,446 +24,440 4,087,886

Mortgage 1,739,200 -9,560 1,729,640
Other debt 126,059 -3,759 122,300
Total debt 1,865,259 -13,319 1,851,940
Change
Cash 275,000 +21,870 296,870
Investments 784,400 +139,400 923,800
Retirement acc 860,700 +106,516 967,216
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,820,100 +267,786 4,087,886

Mortgage 1,741,800 -12,160 1,729,640
Other debt 106,000 + 16,300 122,300
Total debt 1,847,800 + 4,140 1,851,940
Change
Cash 229,000 +67,870 296,870
Investments 746,000 +177,800 923,800
Retirement acc 789,720 +177,496 967,216
Real estate 1,900,000 0 1,900,000
Other assets 0 0 0
Total assets 3,664,720 +423,166 4,087,886

Mortgage 1,740,300 -10,660 1,729,640
Other debt 52,000 + 70,300 122,300
Total debt 1,792,300 + 59,640 1,851,940

I am now 14.6% on my way to achive my FIRE target of DKK 15,000,000. This is 0.2 percentage points closer, compared to the last net worth update.

DKK 2,187,886 FIRE target: DKK 15,000,000


14.6%

FI portfolio

My FI portfolio now consists of DKK 923,800 (42.2%) in investments, DKK 967,216 (44.2%) in retirement accounts, and DKK 296,870 (13.6%) in cash.

Investments

Since my last update, my investments increased with DKK 12,908 (1.42%).

Retirement accounts

Since my last update, my retirement accounts decreased with DKK -7,284 (-0.75%).




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

If I quit working today, my monthly pay out would be DKK 7,292 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
7,292/month
(4.0% SWR)
6,381/month
(3.5% SWR)
5,469/month
(3.0% SWR)


When can I retire?

FI date

My age

51

I am currently aiming to save/invest approximately DKK 25,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 15,000,000 in 15 years and 11 months, in , and at that time I will be 51 years old.

By that time I will have invested/saved another DKK 4,800,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 8,012,114


Financial independence forecast