Net worth update per August 31st 2024
This is Xfjea's #65 net worth update. Please check out my profile here for more information. As of August 31st 2024, my net worth increased to NOK 6,127,869 and my FI portfolio increased to NOK 6,067,869
Net worth
NOK 6,127,869
Since the last update on July 31st 2024 my net worth has increased with NOK 145,739 (+ 2.44 %).
FI portfolio
NOK 6,067,869
Since the last update on July 31st 2024 my FI portfolio has increased with NOK 145,739 (+ 2.46 %).
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.
The changes for each asset class is shown in the table below. All numbers are in NOK.
I am now 86.7% on my way to achive my FIRE target of NOK 7,000,000. This is 2.1 percentage points closer, compared to the last net worth update.
NOK 6,067,869 FIRE target: NOK 7,000,000
FI portfolio
My FI portfolio now consists of NOK 5,027,990 (82.9%) in investments, and NOK 1,039,879 (17.1%) in cash.
Since my last update, my investments
increased
with NOK 216,949
(4.51%), of which
NOK
202,297
was from
contributions, and NOK
228,512 was from
returns.
Since I started tracking, my total contributions have been
NOK
2,904,989,
and my total return has been
NOK
2,122,041.
How much can I withdraw according to the 4%-rule?
If I quit working today, my monthly pay out would be NOK 20,226 for the rest of my life.
Monthly SWR amount
Retire today with (NOK)
When can I retire?
FI date
April 2025
My age
51
I am currently aiming to save/invest
approximately NOK
33,000
each month.
Assuming an annual return of
20% on my investments and my retirement accounts, I
aim to reach my FIRE target
of NOK 7,000,000
in 0 years and -1 months,
in April 2025, and at that time I will be
51 years old.
By that time I will have invested/saved
another NOK 264,000,
while the rest will be return on my existing FI portfolio and the new
investments,
in total NOK
668,131