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Net worth update per June 19th 2024


This is Burner_For_Fire's #10 net worth update. Please check out my profile here for more information. As of June 19th 2024, my net worth increased to USD 1,137,050 and my FI portfolio increased to USD 779,621


Net worth

USD 1,137,050

Since the last update on February 2nd 2023 my net worth has increased with USD 260,243 (+ 29.68 %).

FI portfolio

USD 779,621

Since the last update on February 2nd 2023 my FI portfolio has increased with USD 202,890 (+ 35.18 %).

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 USD.
2 Feb 23 Change 19 Jun 24
Cash 78,283 +2,347 80,630
Investments 57,648 +36,685 94,333
Retirement acc 440,800 +163,858 604,658
Real estate 490,283 + 39,460 529,743
Other assets 36,793 + 6,293 43,086
Total assets 1,103,807 +248,643 1,352,450

Mortgage 227,000 -11,600 215,400
Other debt 0 0 0
Total debt 227,000 -11,600 215,400
2 Feb 23 Change 19 Jun 24
Cash 78,283 +2,347 80,630
Investments 57,648 +36,685 94,333
Retirement acc 440,800 +163,858 604,658
Real estate 490,283 + 39,460 529,743
Other assets 36,793 + 6,293 43,086
Total assets 1,103,807 +248,643 1,352,450

Mortgage 227,000 -11,600 215,400
Other debt 0 0 0
Total debt 227,000 -11,600 215,400
4 Jul 21 Change 19 Jun 24
Cash 58,000 +22,630 80,630
Investments 48,000 +46,333 94,333
Retirement acc 473,000 +131,658 604,658
Real estate 420,000 + 109,743 529,743
Other assets 0 + 43,086 43,086
Total assets 999,000 +353,450 1,352,450

Mortgage 237,000 -21,600 215,400
Other debt 0 0 0
Total debt 237,000 -21,600 215,400

I am now 26.0% on my way to achive my FIRE target of USD 3,000,000. This is 6.8 percentage points closer, compared to the last net worth update.

USD 779,621 FIRE target: USD 3,000,000


26.0%

FI portfolio

My FI portfolio now consists of USD 94,333 (12.1%) in investments, USD 604,658 (77.6%) in retirement accounts, and USD 80,630 (10.3%) in cash.

Investments

Since my last update, my investments increased with USD 36,685 (63.64%), of which USD 1,800 was from contributions, and USD 133 was from returns.

Since I started tracking, my total contributions have been USD 50,800, and my total return has been USD 35,721.

Retirement accounts

Since my last update, my retirement accounts increased with USD 163,858 (37.17%), of which USD 3,240 was from contributions , and USD 10,788 was from returns.

Since I started tracking, my total contributions have been USD 22,803, and my total return is USD 166,195.




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

If I quit working today, my monthly pay out would be USD 2,598 for the rest of my life.


Monthly SWR amount
Retire today with (USD)
2,598/month
(4.0% SWR)
2,273/month
(3.5% SWR)
1,949/month
(3.0% SWR)


When can I retire?

FI date

June 2035

My age

48

I am currently aiming to save/invest approximately USD 5,766 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of USD 3,000,000 in 10 years and 0 months, in June 2035, and at that time I will be 48 years old.

By that time I will have invested/saved another USD 761,112, while the rest will be return on my existing FI portfolio and the new investments, in total USD 1,459,267


Financial independence forecast