This is my first net worth update, hence it will be limited. Later updates will contain more details. Please check out my profile here for more information. As of 2016-08-01T00:00:00Z, my net worth was AUD 203,116 and my FI portfolio was AUD 203,116.
I am now 13.5% on my way to achive my FIRE target of AUD 1,500,000.
My FI portfolio now consists of AUD 8,153 (4.0%) in investments, AUD 53,294 (26.2%) in retirement accounts, and AUD 141,669 (69.7%) in cash.
If I quit working today, my monthly pay out would be AUD 677 for the rest of my life.
I am currently aiming to save/invest
Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 1,500,000 in 2 years and 9 months, in 2025-06-01T00:00:00Z, and at that time I will be 40 years old.
By that time I will have invested/saved another AUD 742,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 554,884