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Net worth update per August 31st 2024


This is Kiss2417's #39 net worth update. Please check out my profile here for more information. As of August 31st 2024, my net worth decreased to DKK 1,353,284 and my FI portfolio decreased to DKK 1,107,135


Net worth

DKK 1,353,284

Since the last update on July 31st 2024 my net worth has decreased with DKK -11,303 ( -0.83 %).

FI portfolio

DKK 1,107,135

Since the last update on July 31st 2024 my FI portfolio has decreased with DKK -16,303 ( -1.45 %).

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.
31 Jul 24 Change 31 Aug 24
Cash 157,794 -3,850 153,944
Investments 533,370 -23,031 510,339
Retirement acc 432,274 +10,578 442,852
Real estate 1,190,000 0 1,190,000
Other assets 10,000 0 10,000
Total assets 2,323,438 -16,303 2,307,135

Mortgage 883,851 0 883,851
Other debt 75,000 -5,000 70,000
Total debt 958,851 -5,000 953,851
30 Dec 23 Change 31 Aug 24
Cash 63,906 +90,038 153,944
Investments 457,328 +53,011 510,339
Retirement acc 356,663 +86,189 442,852
Real estate 1,190,000 0 1,190,000
Other assets 10,000 0 10,000
Total assets 2,077,897 +229,238 2,307,135

Mortgage 892,338 -8,487 883,851
Other debt 102,986 -32,986 70,000
Total debt 995,324 -41,473 953,851
26 Nov 20 Change 31 Aug 24
Cash 24,268 +129,676 153,944
Investments 304,105 +206,234 510,339
Retirement acc 232,760 +210,092 442,852
Real estate 0 + 1,190,000 1,190,000
Other assets 10,000 0 10,000
Total assets 571,133 +1,736,002 2,307,135

Mortgage 0 883,851 883,851
Other debt 163,000 -93,000 70,000
Total debt 163,000 + 790,851 953,851

I am now 22.1% on my way to achive my FIRE target of DKK 5,000,000. This is -0.3 percentage points closer, compared to the last net worth update.

DKK 1,107,135 FIRE target: DKK 5,000,000


22.1%

FI portfolio

My FI portfolio now consists of DKK 510,339 (46.1%) in investments, DKK 442,852 (40.0%) in retirement accounts, and DKK 153,944 (13.9%) in cash.

Investments

Since my last update, my investments decreased with DKK -23,031 (-4.32%), of which DKK 4,000 was from contributions, and DKK -55,279 was from returns.

Since I started tracking, my total contributions have been DKK 51,850, and my total return has been DKK 135,150.

Retirement accounts

Since my last update, my retirement accounts increased with DKK 10,578 (2.45%), of which DKK 4,993 was from contributions , and DKK -29,531 was from returns.

Since I started tracking, my total contributions have been DKK 89,783, and my total return is DKK 131,872.




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

If I quit working today, my monthly pay out would be DKK 3,690 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
3,690/month
(4.0% SWR)
3,229/month
(3.5% SWR)
2,767/month
(3.0% SWR)


When can I retire?

FI date

August 2042

My age

52

I am currently aiming to save/invest approximately DKK 3,350 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 5,000,000 in 17 years and 3 months, in August 2042, and at that time I will be 52 years old.

By that time I will have invested/saved another DKK 723,600, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 3,169,265


Financial independence forecast