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Net worth update per


This is Fent's #7 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 7,534,945 and my FI portfolio increased to NOK 6,709,945


Net worth

NOK 7,534,945

Since the last update on my net worth has increased with NOK 687,069 (+ 10.03 %).

FI portfolio

NOK 6,709,945

Since the last update on my FI portfolio has increased with NOK 512,069 (+ 8.26 %).

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 NOK.
Change
Cash 40,000 0 40,000
Investments 5,650,452 +449,548 6,100,000
Retirement acc 507,424 +62,521 569,945
Real estate 2,900,000 -100,000 2,800,000
Other assets 0 + 350,000 350,000
Total assets 9,097,876 +762,069 9,859,945

Mortgage 2,150,000 -10,000 2,140,000
Other debt 100,000 + 85,000 185,000
Total debt 2,250,000 + 75,000 2,325,000
Change
Cash 108,000 -68,000 40,000
Investments 4,015,000 +2,085,000 6,100,000
Retirement acc 358,000 +211,945 569,945
Real estate 2,700,000 + 100,000 2,800,000
Other assets 500,000 -150,000 350,000
Total assets 7,681,000 +2,178,945 9,859,945

Mortgage 2,260,000 -120,000 2,140,000
Other debt 0 + 185,000 185,000
Total debt 2,260,000 + 65,000 2,325,000
Change
Cash 107,800 -67,800 40,000
Investments 3,935,000 +2,165,000 6,100,000
Retirement acc 320,002 +249,943 569,945
Real estate 2,699,999 + 100,001 2,800,000
Other assets 500,000 -150,000 350,000
Total assets 7,562,801 +2,297,144 9,859,945

Mortgage 2,210,000 -70,000 2,140,000
Other debt 0 + 185,000 185,000
Total debt 2,210,000 + 115,000 2,325,000

I am now 67.1% on my way to achive my FIRE target of NOK 10,000,000. This is 5.1 percentage points closer, compared to the last net worth update.

NOK 6,709,945 FIRE target: NOK 10,000,000


67.1%

FI portfolio

My FI portfolio now consists of NOK 6,100,000 (90.9%) in investments, NOK 569,945 (8.5%) in retirement accounts, and NOK 40,000 (0.6%) in cash.

Investments

Since my last update, my investments increased with NOK 449,548 (7.96%), of which NOK 30,000 was from contributions, and NOK 320,000 was from returns.

Since I started tracking, my total contributions have been NOK 137,000, and my total return has been NOK 2,378,000.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 62,521 (12.32%).

Since I started tracking, my total contributions have been NOK 500, and my total return is NOK 249,498.




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

If I quit working today, my monthly pay out would be NOK 22,366 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
22,366/month
(4.0% SWR)
19,570/month
(3.5% SWR)
16,774/month
(3.0% SWR)


When can I retire?

FI date

My age

39

I am currently aiming to save/invest approximately NOK 20,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 10,000,000 in 3 years and 0 months, in , and at that time I will be 39 years old.

By that time I will have invested/saved another NOK 880,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 2,410,055


Financial independence forecast