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Net worth update per August 1st 2024


This is SvendSvin's #44 net worth update. Please check out my profile here for more information. As of August 1st 2024, my net worth increased to DKK 7,020,482 and my FI portfolio increased to DKK 5,084,200


Net worth

DKK 7,020,482

Since the last update on July 1st 2024 my net worth has increased with DKK 113,909 (+ 1.65 %).

FI portfolio

DKK 5,084,200

Since the last update on July 1st 2024 my FI portfolio has increased with DKK 114,324 (+ 2.3 %).

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 DKK.
1 Jul 24 Change 1 Aug 24
Cash 51,455 +61,584 113,039
Investments 3,169,512 +36,551 3,206,063
Retirement acc 1,748,909 +16,189 1,765,098
Real estate 3,850,000 0 3,850,000
Other assets 0 0 0
Total assets 8,819,876 +114,324 8,934,200

Mortgage 1,913,303 415 1,913,718
Other debt 0 0 0
Total debt 1,913,303 415 1,913,718
1 Dec 23 Change 1 Aug 24
Cash 91,919 +21,120 113,039
Investments 2,653,834 +552,229 3,206,063
Retirement acc 1,410,446 +354,652 1,765,098
Real estate 3,850,000 0 3,850,000
Other assets 0 0 0
Total assets 8,006,199 +928,001 8,934,200

Mortgage 1,990,032 -76,314 1,913,718
Other debt 0 0 0
Total debt 1,990,032 -76,314 1,913,718
1 Jan 21 Change 1 Aug 24
Cash 58,425 +54,614 113,039
Investments 1,422,850 +1,783,213 3,206,063
Retirement acc 955,284 +809,814 1,765,098
Real estate 3,850,000 0 3,850,000
Other assets 0 0 0
Total assets 6,286,559 +2,647,641 8,934,200

Mortgage 2,324,305 -410,587 1,913,718
Other debt 0 0 0
Total debt 2,324,305 -410,587 1,913,718

I am now 80.7% on my way to achive my FIRE target of DKK 6,300,000. This is 1.8 percentage points closer, compared to the last net worth update.

DKK 5,084,200 FIRE target: DKK 6,300,000


80.7%

FI portfolio

My FI portfolio now consists of DKK 3,206,063 (63.1%) in investments, DKK 1,765,098 (34.7%) in retirement accounts, and DKK 113,039 (2.2%) in cash.

Investments

Since my last update, my investments increased with DKK 36,551 (1.15%).

Since I started tracking, my total contributions have been DKK 879,704, and my total return has been DKK 983,346.

Retirement accounts

Since my last update, my retirement accounts increased with DKK 16,189 (0.93%).

Since I started tracking, my total contributions have been DKK 330,789, and my total return is DKK 570,927.




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

If I quit working today, my monthly pay out would be DKK 16,947 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
16,947/month
(4.0% SWR)
14,828/month
(3.5% SWR)
12,710/month
(3.0% SWR)


When can I retire?

FI date

April 2026

My age

47

I am currently aiming to save/invest approximately DKK 25,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 6,300,000 in 0 years and 8 months, in April 2026, and at that time I will be 47 years old.

By that time I will have invested/saved another DKK 500,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 715,800


Financial independence forecast