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This is SKY2024's #9 net worth update. Please check out my profile here for more information. As of , my net worth increased to AUD 3,202,936 and my FI portfolio increased to AUD 877,592


Net worth

AUD 3,202,936

Since the last update on my net worth has increased with AUD 37,614 (+ 1.19 %).

FI portfolio

AUD 877,592

Since the last update on my FI portfolio has increased with AUD 36,552 (+ 4.35 %).

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 AUD.
Change
Cash 302,615 +19,267 321,882
Investments 106,925 +21,038 127,963
Retirement acc 431,500 -3,753 427,747
Real estate 4,100,000 0 4,100,000
Other assets 40,000 0 40,000
Total assets 4,981,040 +36,552 5,017,592

Mortgage 1,815,718 -1,062 1,814,656
Other debt 0 0 0
Total debt 1,815,718 -1,062 1,814,656
Change
Cash 320,326 +1,556 321,882
Investments 73,991 +53,972 127,963
Retirement acc 260,696 +167,051 427,747
Real estate 4,085,800 + 14,200 4,100,000
Other assets 40,000 0 40,000
Total assets 4,780,813 +236,779 5,017,592

Mortgage 1,830,676 -16,020 1,814,656
Other debt 1,000 -1,000 0
Total debt 1,831,676 -17,020 1,814,656
Change
Cash 320,326 +1,556 321,882
Investments 73,991 +53,972 127,963
Retirement acc 260,696 +167,051 427,747
Real estate 4,085,800 + 14,200 4,100,000
Other assets 40,000 0 40,000
Total assets 4,780,813 +236,779 5,017,592

Mortgage 1,830,676 -16,020 1,814,656
Other debt 1,000 -1,000 0
Total debt 1,831,676 -17,020 1,814,656

I am now 25.1% on my way to achive my FIRE target of AUD 3,500,000. This is 1.0 percentage points closer, compared to the last net worth update.

AUD 877,592 FIRE target: AUD 3,500,000


25.1%

FI portfolio

My FI portfolio now consists of AUD 127,963 (14.6%) in investments, AUD 427,747 (48.7%) in retirement accounts, and AUD 321,882 (36.7%) in cash.

Investments

Since my last update, my investments increased with AUD 21,038 (19.68%), of which AUD 8,000 was from contributions, and AUD 22,000 was from returns.

Since I started tracking, my total contributions have been AUD 77,000, and my total return has been AUD 114,009.

Retirement accounts

Since my last update, my retirement accounts decreased with AUD -3,753 (-0.87%), of which AUD 10,000 was from contributions , and AUD 1,149 was from returns.

Since I started tracking, my total contributions have been AUD 204,899, and my total return is AUD 26,405.




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

If I quit working today, my monthly pay out would be AUD 2,925 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
2,925/month
(4.0% SWR)
2,559/month
(3.5% SWR)
2,193/month
(3.0% SWR)


When can I retire?

FI date

My age

52

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

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 3,500,000 in 10 years and 1 months, in , and at that time I will be 52 years old.

By that time I will have invested/saved another AUD 792,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 1,830,408


Financial independence forecast