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Net worth update per June 18th 2024


This is Chessines's #46 net worth update. Please check out my profile here for more information. As of June 18th 2024, my net worth increased to NOK 16,265,000 and my FI portfolio increased to NOK 12,136,000


Net worth

NOK 16,265,000

Since the last update on May 21st 2024 my net worth has increased with NOK 12,000 (+ 0.07 %).

FI portfolio

NOK 12,136,000

Since the last update on May 21st 2024 my FI portfolio has increased with NOK 13,000 (+ 0.11 %).

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.
21 May 24 Change 18 Jun 24
Cash 0 0 0
Investments 10,119,000 -2,000 10,117,000
Retirement acc 2,004,000 +15,000 2,019,000
Real estate 9,000,000 0 9,000,000
Other assets 0 0 0
Total assets 21,123,000 +13,000 21,136,000

Mortgage 4,550,000 -5,000 4,545,000
Other debt 320,000 + 6,000 326,000
Total debt 4,870,000 + 1,000 4,871,000
29 Dec 23 Change 18 Jun 24
Cash 0 0 0
Investments 8,282,000 +1,835,000 10,117,000
Retirement acc 1,737,000 +282,000 2,019,000
Real estate 8,700,000 + 300,000 9,000,000
Other assets 0 0 0
Total assets 18,719,000 +2,417,000 21,136,000

Mortgage 4,575,000 -30,000 4,545,000
Other debt 323,000 + 3,000 326,000
Total debt 4,898,000 + -27,000 4,871,000
25 Jul 20 Change 18 Jun 24
Cash 50,000 -50,000 0
Investments 2,270,000 +7,847,000 10,117,000
Retirement acc 735,000 +1,284,000 2,019,000
Real estate 5,700,000 + 3,300,000 9,000,000
Other assets 180,000 -180,000 0
Total assets 8,935,000 +12,201,000 21,136,000

Mortgage 2,385,000 2,160,000 4,545,000
Other debt 372,000 -46,000 326,000
Total debt 2,757,000 + 2,114,000 4,871,000

I am now 80.9% on my way to achive my FIRE target of NOK 15,000,000. This is 0.1 percentage points closer, compared to the last net worth update.

NOK 12,136,000 FIRE target: NOK 15,000,000


80.9%

FI portfolio

My FI portfolio now consists of NOK 10,117,000 (83.4%) in investments, NOK 2,019,000 (16.6%) in retirement accounts, and NOK 0 (0.0%) in cash.

Investments

Since my last update, my investments decreased with NOK -2,000 (-0.02%).

Since I started tracking, my total contributions have been NOK 3,545,000, and my total return has been NOK 4,940,000.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 15,000 (0.75%), of which NOK 7,000 was from contributions , and NOK 38,000 was from returns.

Since I started tracking, my total contributions have been NOK 480,500, and my total return is NOK 929,500.




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

If I quit working today, my monthly pay out would be NOK 40,453 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
40,453/month
(4.0% SWR)
35,396/month
(3.5% SWR)
30,340/month
(3.0% SWR)


When can I retire?

FI date

December 2026

My age

54

I am currently aiming to save/invest approximately NOK 7,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 15,000,000 in 1 years and 6 months, in December 2026, and at that time I will be 54 years old.

By that time I will have invested/saved another NOK 210,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 2,654,000


Financial independence forecast