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Net worth update per


This is Fent's #4 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 7,091,000 and my FI portfolio increased to NOK 6,505,000


Net worth

NOK 7,091,000

Since the last update on my net worth has increased with NOK 311,000 (+ 4.59 %).

FI portfolio

NOK 6,505,000

Since the last update on my FI portfolio has increased with NOK 500,000 (+ 8.33 %).

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 15,000 +185,000 200,000
Investments 5,500,000 +255,000 5,755,000
Retirement acc 490,000 +60,000 550,000
Real estate 2,700,000 + 250,000 2,950,000
Other assets 350,000 -350,000 0
Total assets 9,055,000 +400,000 9,455,000

Mortgage 2,175,000 -11,000 2,164,000
Other debt 100,000 + 100,000 200,000
Total debt 2,275,000 + 89,000 2,364,000
Change
Cash 108,000 +92,000 200,000
Investments 4,015,000 +1,740,000 5,755,000
Retirement acc 358,000 +192,000 550,000
Real estate 2,700,000 + 250,000 2,950,000
Other assets 500,000 -500,000 0
Total assets 7,681,000 +1,774,000 9,455,000

Mortgage 2,260,000 -96,000 2,164,000
Other debt 0 + 200,000 200,000
Total debt 2,260,000 + 104,000 2,364,000
Change
Cash 107,800 +92,200 200,000
Investments 3,935,000 +1,820,000 5,755,000
Retirement acc 320,002 +229,998 550,000
Real estate 2,699,999 + 250,001 2,950,000
Other assets 500,000 -500,000 0
Total assets 7,562,801 +1,892,199 9,455,000

Mortgage 2,210,000 -46,000 2,164,000
Other debt 0 + 200,000 200,000
Total debt 2,210,000 + 154,000 2,364,000

I am now 65.0% on my way to achive my FIRE target of NOK 10,000,000. This is 5.0 percentage points closer, compared to the last net worth update.

NOK 6,505,000 FIRE target: NOK 10,000,000


65.0%

FI portfolio

My FI portfolio now consists of NOK 5,755,000 (88.5%) in investments, NOK 550,000 (8.5%) in retirement accounts, and NOK 200,000 (3.1%) in cash.

Investments

Since my last update, my investments increased with NOK 255,000 (4.64%), of which NOK 30,000 was from contributions, and NOK 320,000 was from returns.

Since I started tracking, my total contributions have been NOK 137,000, and my total return has been NOK 2,378,000.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 60,000 (12.24%).

Since I started tracking, my total contributions have been NOK 500, and my total return is NOK 249,498.




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

If I quit working today, my monthly pay out would be NOK 21,683 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
21,683/month
(4.0% SWR)
18,972/month
(3.5% SWR)
16,262/month
(3.0% SWR)


When can I retire?

FI date

My age

39

I am currently aiming to save/invest approximately NOK 20,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 10,000,000 in 3 years and 0 months, in , and at that time I will be 39 years old.

By that time I will have invested/saved another NOK 960,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 2,535,000


Financial independence forecast