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Net worth update per


This is MoMoneyMoProblems's #24 net worth update. Please check out my profile here for more information. As of , my net worth increased to CAD 453,499 and my FI portfolio increased to CAD 269,173


Net worth

CAD 453,499

Since the last update on my net worth has increased with CAD 15,614 (+ 3.57 %).

FI portfolio

CAD 269,173

Since the last update on my FI portfolio has increased with CAD 10,903 (+ 4.22 %).

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 CAD.
Change
Cash 10,900 +4,100 15,000
Investments 78,070 +1,103 79,173
Retirement acc 169,300 +5,700 175,000
Real estate 323,560 -1 323,559
Other assets 0 0 0
Total assets 581,830 +10,902 592,732

Mortgage 142,445 -4,712 137,733
Other debt 1,500 0 1,500
Total debt 143,945 -4,712 139,233
Change
Cash 14,000 +1,000 15,000
Investments 64,350 +14,823 79,173
Retirement acc 141,750 +33,250 175,000
Real estate 312,000 + 11,559 323,559
Other assets 0 0 0
Total assets 532,100 +60,632 592,732

Mortgage 148,000 -10,267 137,733
Other debt 4,000 -2,500 1,500
Total debt 152,000 -12,767 139,233
Change
Cash 9,000 +6,000 15,000
Investments 15,000 +64,173 79,173
Retirement acc 15,000 +160,000 175,000
Real estate 0 + 323,559 323,559
Other assets 0 0 0
Total assets 39,000 +553,732 592,732

Mortgage 0 137,733 137,733
Other debt 8,500 -7,000 1,500
Total debt 8,500 + 130,733 139,233

I am now 17.9% on my way to achive my FIRE target of CAD 1,500,000. This is 0.7 percentage points closer, compared to the last net worth update.

CAD 269,173 FIRE target: CAD 1,500,000


17.9%

FI portfolio

My FI portfolio now consists of CAD 79,173 (29.4%) in investments, CAD 175,000 (65.0%) in retirement accounts, and CAD 15,000 (5.6%) in cash.

Investments

Since my last update, my investments increased with CAD 1,103 (1.41%).

Retirement accounts

Since my last update, my retirement accounts increased with CAD 5,700 (3.37%).




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

If I quit working today, my monthly pay out would be CAD 897 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
897/month
(4.0% SWR)
785/month
(3.5% SWR)
672/month
(3.0% SWR)


When can I retire?

FI date

My age

40

I am currently aiming to save/invest approximately CAD 4,500 each month.

Assuming an annual return of 6% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 1,500,000 in 11 years and 1 months, in , and at that time I will be 40 years old.

By that time I will have invested/saved another CAD 652,500, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 578,327


Financial independence forecast