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Net worth update per


This is laaknor's #19 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 4,458,683 and my FI portfolio increased to NOK 2,325,029


Net worth

NOK 4,458,683

Since the last update on my net worth has increased with NOK 243,815 (+ 5.78 %).

FI portfolio

NOK 2,325,029

Since the last update on my FI portfolio has increased with NOK 106,018 (+ 4.78 %).

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 NOK.
Change
Cash 0 0 0
Investments 1,911,894 +92,665 2,004,559
Retirement acc 307,117 +13,353 320,470
Real estate 4,890,000 + 30,000 4,920,000
Other assets 0 0 0
Total assets 7,109,011 +136,018 7,245,029

Mortgage 2,894,143 -107,797 2,786,346
Other debt 0 0 0
Total debt 2,894,143 -107,797 2,786,346
Change
Cash 0 0 0
Investments 1,193,168 +811,391 2,004,559
Retirement acc 263,596 +56,874 320,470
Real estate 4,770,000 + 150,000 4,920,000
Other assets 704,242 -704,242 0
Total assets 6,931,006 +314,023 7,245,029

Mortgage 2,913,596 -127,250 2,786,346
Other debt 0 0 0
Total debt 2,913,596 -127,250 2,786,346
Change
Cash 30,000 -30,000 0
Investments 328,000 +1,676,559 2,004,559
Retirement acc 75,000 +245,470 320,470
Real estate 4,630,000 + 290,000 4,920,000
Other assets 51,000 -51,000 0
Total assets 5,114,000 +2,131,029 7,245,029

Mortgage 2,309,489 476,857 2,786,346
Other debt 0 0 0
Total debt 2,309,489 + 476,857 2,786,346

I am now 23.3% on my way to achive my FIRE target of NOK 10,000,000. This is 1.1 percentage points closer, compared to the last net worth update.

NOK 2,325,029 FIRE target: NOK 10,000,000


23.3%

FI portfolio

My FI portfolio now consists of NOK 2,004,559 (86.2%) in investments, NOK 320,470 (13.8%) in retirement accounts, and NOK 0 (0.0%) in cash.

Investments

Since my last update, my investments increased with NOK 92,665 (4.85%), of which NOK 60,000 was from contributions, and NOK 66,521 was from returns.

Since I started tracking, my total contributions have been NOK 60,000, and my total return has been NOK 2,039,165.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 13,353 (4.35%), of which NOK 1,250 was from contributions , and NOK 3,385 was from returns.

Since I started tracking, my total contributions have been NOK 1,250, and my total return is NOK 314,583.




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

If I quit working today, my monthly pay out would be NOK 7,750 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
7,750/month
(4.0% SWR)
6,781/month
(3.5% SWR)
5,812/month
(3.0% SWR)


When can I retire?

FI date

My age

48

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

Assuming an annual return of 9% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 10,000,000 in 8 years and 7 months, in , and at that time I will be 48 years old.

By that time I will have invested/saved another NOK 2,875,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 4,799,971


Financial independence forecast