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Net worth update per


This is SKY2024's #11 net worth update. Please check out my profile here for more information. As of , my net worth increased to AUD 3,871,594 and my FI portfolio increased to AUD 940,946


Net worth

AUD 3,871,594

Since the last update on my net worth has increased with AUD 655,946 (+ 20.4 %).

FI portfolio

AUD 940,946

Since the last update on my FI portfolio has increased with AUD 53,946 (+ 6.08 %).

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 325,000 -16,788 308,212
Investments 130,000 +66,900 196,900
Retirement acc 432,000 +3,834 435,834
Real estate 4,100,000 + 600,000 4,700,000
Other assets 40,000 0 40,000
Total assets 5,027,000 +653,946 5,680,946

Mortgage 1,811,352 -2,000 1,809,352
Other debt 0 0 0
Total debt 1,811,352 -2,000 1,809,352
Change
Cash 320,326 -12,114 308,212
Investments 73,991 +122,909 196,900
Retirement acc 260,696 +175,138 435,834
Real estate 4,085,800 + 614,200 4,700,000
Other assets 40,000 0 40,000
Total assets 4,780,813 +900,133 5,680,946

Mortgage 1,830,676 -21,324 1,809,352
Other debt 1,000 -1,000 0
Total debt 1,831,676 -22,324 1,809,352
Change
Cash 320,326 -12,114 308,212
Investments 73,991 +122,909 196,900
Retirement acc 260,696 +175,138 435,834
Real estate 4,085,800 + 614,200 4,700,000
Other assets 40,000 0 40,000
Total assets 4,780,813 +900,133 5,680,946

Mortgage 1,830,676 -21,324 1,809,352
Other debt 1,000 -1,000 0
Total debt 1,831,676 -22,324 1,809,352

I am now 26.9% on my way to achive my FIRE target of AUD 3,500,000. This is 1.5 percentage points closer, compared to the last net worth update.

AUD 940,946 FIRE target: AUD 3,500,000


26.9%

FI portfolio

My FI portfolio now consists of AUD 196,900 (20.9%) in investments, AUD 435,834 (46.3%) in retirement accounts, and AUD 308,212 (32.8%) in cash.

Investments

Since my last update, my investments increased with AUD 66,900 (51.46%), 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 increased with AUD 3,834 (0.89%), 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 3,136 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
3,136/month
(4.0% SWR)
2,744/month
(3.5% SWR)
2,352/month
(3.0% SWR)


When can I retire?

FI date

My age

51

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 9 years and 8 months, in , and at that time I will be 51 years old.

By that time I will have invested/saved another AUD 756,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 1,803,054


Financial independence forecast