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Net worth update per


This is bbws's #2 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 1,044,684 and my FI portfolio increased to NOK 804,684


Net worth

NOK 1,044,684

Since the last update on my net worth has increased with NOK 125,684 (+ 13.68 %).

FI portfolio

NOK 804,684

Since the last update on my FI portfolio has increased with NOK 142,684 (+ 21.55 %).

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 400,000 -200,000 200,000
Investments 120,000 +52,000 172,000
Retirement acc 142,000 +290,684 432,684
Real estate 2,500,000 + 500,000 3,000,000
Other assets 0 0 0
Total assets 3,162,000 +642,684 3,804,684

Mortgage 1,793,000 607,000 2,400,000
Other debt 450,000 -90,000 360,000
Total debt 2,243,000 517,000 2,760,000
Change
Cash 400,000 -200,000 200,000
Investments 120,000 +52,000 172,000
Retirement acc 142,000 +290,684 432,684
Real estate 2,500,000 + 500,000 3,000,000
Other assets 0 0 0
Total assets 3,162,000 +642,684 3,804,684

Mortgage 1,793,000 607,000 2,400,000
Other debt 450,000 -90,000 360,000
Total debt 2,243,000 517,000 2,760,000
Change
Cash 400,000 -200,000 200,000
Investments 120,000 +52,000 172,000
Retirement acc 142,000 +290,684 432,684
Real estate 2,500,000 + 500,000 3,000,000
Other assets 0 0 0
Total assets 3,162,000 +642,684 3,804,684

Mortgage 1,793,000 607,000 2,400,000
Other debt 450,000 -90,000 360,000
Total debt 2,243,000 + 517,000 2,760,000

I am now 6.7% on my way to achive my FIRE target of NOK 12,000,000. This is 1.2 percentage points closer, compared to the last net worth update.

NOK 804,684 FIRE target: NOK 12,000,000


6.7%

FI portfolio

My FI portfolio now consists of NOK 172,000 (21.4%) in investments, NOK 432,684 (53.8%) in retirement accounts, and NOK 200,000 (24.9%) in cash.

Investments

Since my last update, my investments increased with NOK 52,000 (43.33%).

Retirement accounts

Since my last update, my retirement accounts increased with NOK 290,684 (204.71%).




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

If I quit working today, my monthly pay out would be NOK 2,682 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
2,682/month
(4.0% SWR)
2,346/month
(3.5% SWR)
2,011/month
(3.0% SWR)


When can I retire?

FI date

My age

51

I am currently aiming to save/invest approximately NOK 10,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 12,000,000 in 19 years and 2 months, in , and at that time I will be 51 years old.

By that time I will have invested/saved another NOK 2,370,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 8,825,316


Financial independence forecast