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Net worth update per


This is grodt's #17 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 8,114,900 and my FI portfolio increased to NOK 5,789,900


Net worth

NOK 8,114,900

Since the last update on my net worth has increased with NOK 450,553 (+ 5.88 %).

FI portfolio

NOK 5,789,900

Since the last update on my FI portfolio has increased with NOK 176,553 (+ 3.15 %).

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 550,000 +20,000 570,000
Investments 4,087,000 +108,000 4,195,000
Retirement acc 976,347 +48,553 1,024,900
Real estate 3,150,000 + 270,000 3,420,000
Other assets 0 0 0
Total assets 8,763,347 +446,553 9,209,900

Mortgage 1,099,000 -4,000 1,095,000
Other debt 0 0 0
Total debt 1,099,000 -4,000 1,095,000
Change
Cash 180,000 +390,000 570,000
Investments 3,624,119 +570,881 4,195,000
Retirement acc 800,000 +224,900 1,024,900
Real estate 3,200,000 + 220,000 3,420,000
Other assets 0 0 0
Total assets 7,804,119 +1,405,781 9,209,900

Mortgage 1,117,000 -22,000 1,095,000
Other debt 190,000 -190,000 0
Total debt 1,307,000 -212,000 1,095,000
Change
Cash 50,000 +520,000 570,000
Investments 3,150,000 +1,045,000 4,195,000
Retirement acc 0 +1,024,900 1,024,900
Real estate 3,150,000 + 270,000 3,420,000
Other assets 0 0 0
Total assets 6,350,000 +2,859,900 9,209,900

Mortgage 1,150,000 -55,000 1,095,000
Other debt 230,000 -230,000 0
Total debt 1,380,000 -285,000 1,095,000

I am now 48.2% on my way to achive my FIRE target of NOK 12,000,000. This is 1.5 percentage points closer, compared to the last net worth update.

NOK 5,789,900 FIRE target: NOK 12,000,000


48.2%

FI portfolio

My FI portfolio now consists of NOK 4,195,000 (72.5%) in investments, NOK 1,024,900 (17.7%) in retirement accounts, and NOK 570,000 (9.8%) in cash.

Investments

Since my last update, my investments increased with NOK 108,000 (2.64%), of which NOK 25,000 was from contributions, and NOK -345,347 was from returns.

Since I started tracking, my total contributions have been NOK 560,500, and my total return has been NOK 741,500.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 48,553 (4.97%), of which NOK 9,000 was from contributions , and NOK -116,735 was from returns.

Since I started tracking, my total contributions have been NOK 192,246, and my total return is NOK 943,754.




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

If I quit working today, my monthly pay out would be NOK 19,299 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
19,299/month
(4.0% SWR)
16,887/month
(3.5% SWR)
14,474/month
(3.0% SWR)


When can I retire?

FI date

My age

50

I am currently aiming to save/invest approximately NOK 34,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 12,000,000 in 5 years and 0 months, in , and at that time I will be 50 years old.

By that time I will have invested/saved another NOK 2,414,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 3,796,100


Financial independence forecast