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Net worth update per September 29th 2024


This is jobdodger's #29 net worth update. Please check out my profile here for more information. As of September 29th 2024, my net worth increased to AUD 648,206 and my FI portfolio increased to AUD 648,206


Net worth

AUD 648,206

Since the last update on August 31st 2024 my net worth has increased with AUD 10,468 (+ 1.64 %).

FI portfolio

AUD 648,206

Since the last update on August 31st 2024 my FI portfolio has increased with AUD 10,468 (+ 1.64 %).

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.
31 Aug 24 Change 29 Sep 24
Cash 13,827 +6,158 19,985
Investments 553,419 +3,727 557,146
Retirement acc 70,492 +583 71,075
Real estate 0 0 0
Other assets 0 0 0
Total assets 637,738 +10,468 648,206

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
30 Dec 23 Change 29 Sep 24
Cash 156,654 -136,669 19,985
Investments 327,873 +229,273 557,146
Retirement acc 62,561 +8,514 71,075
Real estate 0 0 0
Other assets 0 0 0
Total assets 547,088 +101,118 648,206

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
26 May 22 Change 29 Sep 24
Cash 45,425 -25,440 19,985
Investments 62,545 +494,601 557,146
Retirement acc 18,503 +52,572 71,075
Real estate 0 0 0
Other assets 0 0 0
Total assets 126,473 +521,733 648,206

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0

I am now 40.5% on my way to achive my FIRE target of AUD 1,600,000. This is 0.7 percentage points closer, compared to the last net worth update.

AUD 648,206 FIRE target: AUD 1,600,000


40.5%

FI portfolio

My FI portfolio now consists of AUD 557,146 (86.0%) in investments, AUD 71,075 (11.0%) in retirement accounts, and AUD 19,985 (3.1%) in cash.

Investments

Since my last update, my investments increased with AUD 3,727 (0.67%).

Since I started tracking, my total contributions have been AUD 335,885, and my total return has been AUD 193,224.

Retirement accounts

Since my last update, my retirement accounts increased with AUD 583 (0.83%).

Since I started tracking, my total contributions have been AUD 42,798, and my total return is AUD 9,563.




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

If I quit working today, my monthly pay out would be AUD 2,160 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
2,160/month
(4.0% SWR)
1,890/month
(3.5% SWR)
1,620/month
(3.0% SWR)


When can I retire?

FI date

December 2030

My age

40

I am currently aiming to save/invest approximately AUD 4,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 1,600,000 in 5 years and 6 months, in December 2030, and at that time I will be 40 years old.

By that time I will have invested/saved another AUD 300,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 651,794


Financial independence forecast