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Net worth update per August 3rd 2024


This is TumTumTuuum's #47 net worth update. Please check out my profile here for more information. As of August 3rd 2024, my net worth increased to EUR 240,702 and my FI portfolio decreased to EUR 176,659


Net worth

EUR 240,702

Since the last update on July 1st 2024 my net worth has increased with EUR 1,016 (+ 0.42 %).

FI portfolio

EUR 176,659

Since the last update on July 1st 2024 my FI portfolio has decreased with EUR -2,475 ( -1.38 %).

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 EUR.
1 Jul 24 Change 3 Aug 24
Cash 28,370 +1,776 30,146
Investments 141,517 -4,245 137,272
Retirement acc 9,247 -6 9,241
Real estate 90,000 0 90,000
Other assets 35,653 -1,018 34,635
Total assets 304,787 -3,493 301,294

Mortgage 51,871 -117 51,754
Other debt 13,230 -4,392 8,838
Total debt 65,101 -4,509 60,592
31 Dec 23 Change 3 Aug 24
Cash 17,460 +12,686 30,146
Investments 115,917 +21,355 137,272
Retirement acc 7,985 +1,256 9,241
Real estate 90,000 0 90,000
Other assets 43,109 -8,474 34,635
Total assets 274,471 +26,823 301,294

Mortgage 52,454 -700 51,754
Other debt 21,960 -13,122 8,838
Total debt 74,414 -13,822 60,592
18 Oct 20 Change 3 Aug 24
Cash 1,230 +28,916 30,146
Investments 22,554 +114,718 137,272
Retirement acc 5,536 +3,705 9,241
Real estate 82,013 + 7,987 90,000
Other assets 1,025 + 33,610 34,635
Total assets 112,358 +188,936 301,294

Mortgage 56,834 -5,080 51,754
Other debt 2,768 + 6,070 8,838
Total debt 59,602 + 990 60,592

I am now 7.1% on my way to achive my FIRE target of EUR 2,500,000. This is -0.1 percentage points closer, compared to the last net worth update.

EUR 176,659 FIRE target: EUR 2,500,000


7.1%

FI portfolio

My FI portfolio now consists of EUR 137,272 (77.7%) in investments, EUR 9,241 (5.2%) in retirement accounts, and EUR 30,146 (17.1%) in cash.

Investments

Since my last update, my investments decreased with EUR -4,245 (-3.0%), of which EUR 5,409 was from contributions, and EUR 7,383 was from returns.

Since I started tracking, my total contributions have been EUR 146,387, and my total return has been EUR 30,035.

Retirement accounts

Since my last update, my retirement accounts decreased with EUR -6 (-0.06%).

Since I started tracking, my total contributions have been EUR 6,089, and my total return is EUR -1,916.




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

If I quit working today, my monthly pay out would be EUR 588 for the rest of my life.


Monthly SWR amount
Retire today with (EUR)
588/month
(4.0% SWR)
515/month
(3.5% SWR)
441/month
(3.0% SWR)


When can I retire?

FI date

March 2040

My age

48

I am currently aiming to save/invest approximately EUR 6,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of EUR 2,500,000 in 14 years and 8 months, in March 2040, and at that time I will be 48 years old.

By that time I will have invested/saved another EUR 1,122,000, while the rest will be return on my existing FI portfolio and the new investments, in total EUR 1,201,341


Financial independence forecast