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Net worth update per October 25th 2024


This is Falco's #543 net worth update. Please check out my profile here for more information. As of October 25th 2024, my net worth decreased to USD 378,056 and my FI portfolio decreased to USD 378,056


Net worth

USD 378,056

Since the last update on October 24th 2024 my net worth has decreased with USD -249 ( -0.07 %).

FI portfolio

USD 378,056

Since the last update on October 24th 2024 my FI portfolio has decreased with USD -249 ( -0.07 %).

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 USD.
24 Oct 24 Change 25 Oct 24
Cash 15,683 -113 15,570
Investments 92,530 +97 92,627
Retirement acc 270,092 -233 269,859
Real estate 0 0 0
Other assets 0 0 0
Total assets 378,305 -249 378,056

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
29 Dec 23 Change 25 Oct 24
Cash 15,017 +553 15,570
Investments 74,879 +17,748 92,627
Retirement acc 217,757 +52,102 269,859
Real estate 0 0 0
Other assets 0 0 0
Total assets 307,653 +70,403 378,056

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
17 Sep 20 Change 25 Oct 24
Cash 20,502 -4,932 15,570
Investments 22,774 +69,853 92,627
Retirement acc 141,441 +128,418 269,859
Real estate 0 0 0
Other assets 0 0 0
Total assets 184,717 +193,339 378,056

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

I am now 75.6% on my way to achive my FIRE target of USD 500,000. This is -0.0 percentage points closer, compared to the last net worth update.

USD 378,056 FIRE target: USD 500,000


75.6%

FI portfolio

My FI portfolio now consists of USD 92,627 (24.5%) in investments, USD 269,859 (71.4%) in retirement accounts, and USD 15,570 (4.1%) in cash.

Investments

Since my last update, my investments increased with USD 97 (0.1%).

Since I started tracking, my total contributions have been USD 54,193, and my total return has been USD 19,582.

Retirement accounts

Since my last update, my retirement accounts decreased with USD -233 (-0.09%).

Since I started tracking, my total contributions have been USD 27,501, and my total return is USD 111,437.




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

If I quit working today, my monthly pay out would be USD 1,260 for the rest of my life.


Monthly SWR amount
Retire today with (USD)
1,260/month
(4.0% SWR)
1,102/month
(3.5% SWR)
945/month
(3.0% SWR)


When can I retire?

FI date

June 2027

My age

44

I am currently aiming to save/invest approximately USD 1,400 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of USD 500,000 in 2 years and 0 months, in June 2027, and at that time I will be 44 years old.

By that time I will have invested/saved another USD 44,800, while the rest will be return on my existing FI portfolio and the new investments, in total USD 77,144


Financial independence forecast