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Net worth update per June 7th 2024



This is silversword11's #14 net worth update. Please check out my profile here for more information. As of June 7th 2024, my net worth increased to EUR 102,882 and my FI portfolio increased to EUR 102,882


Net worth

EUR 102,882

Since the last update on May 9th 2024 my net worth has increased with EUR 4,275 (+ 4.34 %).

FI portfolio

EUR 102,882

Since the last update on May 9th 2024 my FI portfolio has increased with EUR 4,275 (+ 4.34 %).

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 EUR.

I am now 51.4% on my way to achive my FIRE target of EUR 200,000. This is 2.1 percentage points closer, compared to the last net worth update.

EUR 102,882 FIRE target: EUR 200,000


51.4%


FI portfolio


My FI portfolio now consists of EUR 101,600 (98.8%) in investments, and EUR 1,282 (1.2%) in cash.

Investments

Since my last update, my investments increased with EUR 4,300 (4.42%), of which EUR 2,500 was from contributions, and EUR 3,300 was from returns.

Since I started tracking, my total contributions have been EUR 72,560, and my total return has been EUR 20,140.




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


If I quit working today, my monthly pay out would be EUR 342 for the rest of my life.


Monthly SWR amount
Retire today with (EUR)
342/month
(4.0% SWR)
300/month
(3.5% SWR)
257/month
(3.0% SWR)


When can I retire?


FI date

November 2026


My age

27

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

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of EUR 200,000 in 1 years and 4 months, in November 2026, and at that time I will be 27 years old.

By that time I will have invested/saved another EUR 72,500, while the rest will be return on my existing FI portfolio and the new investments, in total EUR 24,618


Financial independence forecast