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Net worth update per


This is SKY2024's #7 net worth update. Please check out my profile here for more information. As of , my net worth increased to AUD 3,142,533 and my FI portfolio increased to AUD 821,702


Net worth

AUD 3,142,533

Since the last update on my net worth has increased with AUD 8,603 (+ 0.27 %).

FI portfolio

AUD 821,702

Since the last update on my FI portfolio has increased with AUD 8,056 (+ 0.99 %).

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 AUD.
Change
Cash 302,372 +4,170 306,542
Investments 101,274 +2,886 104,160
Retirement acc 410,000 +1,000 411,000
Real estate 4,100,000 0 4,100,000
Other assets 40,000 0 40,000
Total assets 4,953,646 +8,056 4,961,702

Mortgage 1,818,716 453 1,819,169
Other debt 1,000 -1,000 0
Total debt 1,819,716 -547 1,819,169
Change
Cash 320,326 -13,784 306,542
Investments 73,991 +30,169 104,160
Retirement acc 260,696 +150,304 411,000
Real estate 4,085,800 + 14,200 4,100,000
Other assets 40,000 0 40,000
Total assets 4,780,813 +180,889 4,961,702

Mortgage 1,830,676 -11,507 1,819,169
Other debt 1,000 -1,000 0
Total debt 1,831,676 -12,507 1,819,169
Change
Cash 320,326 -13,784 306,542
Investments 73,991 +30,169 104,160
Retirement acc 260,696 +150,304 411,000
Real estate 4,085,800 + 14,200 4,100,000
Other assets 40,000 0 40,000
Total assets 4,780,813 +180,889 4,961,702

Mortgage 1,830,676 -11,507 1,819,169
Other debt 1,000 -1,000 0
Total debt 1,831,676 -12,507 1,819,169

I am now 23.5% on my way to achive my FIRE target of AUD 3,500,000. This is 0.2 percentage points closer, compared to the last net worth update.

AUD 821,702 FIRE target: AUD 3,500,000


23.5%

FI portfolio

My FI portfolio now consists of AUD 104,160 (12.7%) in investments, AUD 411,000 (50.0%) in retirement accounts, and AUD 306,542 (37.3%) in cash.

Investments

Since my last update, my investments increased with AUD 2,886 (2.85%), of which AUD 8,000 was from contributions, and AUD 22,000 was from returns.

Since I started tracking, my total contributions have been AUD 77,000, and my total return has been AUD 114,009.

Retirement accounts

Since my last update, my retirement accounts increased with AUD 1,000 (0.24%), of which AUD 10,000 was from contributions , and AUD 1,149 was from returns.

Since I started tracking, my total contributions have been AUD 204,899, and my total return is AUD 26,405.




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

If I quit working today, my monthly pay out would be AUD 2,739 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
2,739/month
(4.0% SWR)
2,396/month
(3.5% SWR)
2,054/month
(3.0% SWR)


When can I retire?

FI date

My age

52

I am currently aiming to save/invest approximately AUD 6,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 3,500,000 in 10 years and 4 months, in , and at that time I will be 52 years old.

By that time I will have invested/saved another AUD 822,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 1,856,298


Financial independence forecast