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Net worth update per August 20th 2024


This is Nono's #2 net worth update. Please check out my profile here for more information. As of August 20th 2024, my net worth decreased to EUR 55,694 and my FI portfolio decreased to EUR 10,775


Net worth

EUR 55,694

Since the last update on August 14th 2024 my net worth has decreased with EUR -95 ( -0.17 %).

FI portfolio

EUR 10,775

Since the last update on August 14th 2024 my FI portfolio has decreased with EUR -67 ( -0.62 %).

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.
14 Aug 24 Change 20 Aug 24
Cash 2,000 -84 1,916
Investments 5,737 +17 5,754
Retirement acc 3,105 0 3,105
Real estate 85,000 0 85,000
Other assets 4,764 -28 4,736
Total assets 100,606 -95 100,511

Mortgage 44,817 0 44,817
Other debt 0 0 0
Total debt 44,817 0 44,817
14 Aug 24 Change 20 Aug 24
Cash 2,000 -84 1,916
Investments 5,737 +17 5,754
Retirement acc 3,105 0 3,105
Real estate 85,000 0 85,000
Other assets 4,764 -28 4,736
Total assets 100,606 -95 100,511

Mortgage 44,817 0 44,817
Other debt 0 0 0
Total debt 44,817 0 44,817
14 Aug 24 Change 20 Aug 24
Cash 2,000 -84 1,916
Investments 5,737 +17 5,754
Retirement acc 3,105 0 3,105
Real estate 85,000 0 85,000
Other assets 4,764 -28 4,736
Total assets 100,606 -95 100,511

Mortgage 44,817 0 44,817
Other debt 0 0 0
Total debt 44,817 0 44,817

I am now 1.1% on my way to achive my FIRE target of EUR 1,000,000. This is -0.0 percentage points closer, compared to the last net worth update.

EUR 10,775 FIRE target: EUR 1,000,000


1.1%

FI portfolio

My FI portfolio now consists of EUR 5,754 (53.4%) in investments, EUR 3,105 (28.8%) in retirement accounts, and EUR 1,916 (17.8%) in cash.

Investments

Since my last update, my investments increased with EUR 17 (0.3%).

Since I started tracking, my total contributions have been EUR 4,782, and my total return has been EUR 3,101.

Retirement accounts

Since my last update, my retirement accounts decreased with EUR 0 (0.0%).

Since I started tracking, my total contributions have been EUR 535, and my total return is EUR 383.




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

If I quit working today, my monthly pay out would be EUR 35 for the rest of my life.


Monthly SWR amount
Retire today with (EUR)
35/month
(4.0% SWR)
31/month
(3.5% SWR)
26/month
(3.0% SWR)


When can I retire?

FI date

May 2051

My age

55

I am currently aiming to save/invest approximately EUR 1,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of EUR 1,000,000 in 25 years and 11 months, in May 2051, and at that time I will be 55 years old.

By that time I will have invested/saved another EUR 321,000, while the rest will be return on my existing FI portfolio and the new investments, in total EUR 668,225


Financial independence forecast