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Net worth update per October 26th 2024


This is k3nsh1n78's #228 net worth update. Please check out my profile here for more information. As of October 26th 2024, my net worth decreased to AUD 1,225,377 and my FI portfolio decreased to AUD 916,302


Net worth

AUD 1,225,377

Since the last update on October 19th 2024 my net worth has decreased with AUD -268 ( -0.02 %).

FI portfolio

AUD 916,302

Since the last update on October 19th 2024 my FI portfolio has decreased with AUD -1,443 ( -0.16 %).

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.
19 Oct 24 Change 26 Oct 24
Cash 502,500 -1,300 501,200
Investments 13,950 -125 13,825
Retirement acc 401,295 -18 401,277
Real estate 1,035,000 0 1,035,000
Other assets 10,350 -75 10,275
Total assets 1,963,095 -1,518 1,961,577

Mortgage 737,450 -1,250 736,200
Other debt 0 0 0
Total debt 737,450 -1,250 736,200
30 Dec 23 Change 26 Oct 24
Cash 286,550 +214,650 501,200
Investments 8,480 +5,345 13,825
Retirement acc 305,650 +95,627 401,277
Real estate 1,585,000 -550,000 1,035,000
Other assets 13,500 -3,225 10,275
Total assets 2,199,180 -237,603 1,961,577

Mortgage 1,093,425 -357,225 736,200
Other debt 0 0 0
Total debt 1,093,425 -357,225 736,200
20 Jun 20 Change 26 Oct 24
Cash 147,750 +353,450 501,200
Investments 37,355 -23,530 13,825
Retirement acc 136,402 +264,875 401,277
Real estate 1,585,000 -550,000 1,035,000
Other assets 37,280 -27,005 10,275
Total assets 1,943,787 +17,790 1,961,577

Mortgage 1,300,865 -564,665 736,200
Other debt 0 0 0
Total debt 1,300,865 -564,665 736,200

I am now 61.1% on my way to achive my FIRE target of AUD 1,500,000. This is -0.1 percentage points closer, compared to the last net worth update.

AUD 916,302 FIRE target: AUD 1,500,000


61.1%

FI portfolio

My FI portfolio now consists of AUD 13,825 (1.5%) in investments, AUD 401,277 (43.8%) in retirement accounts, and AUD 501,200 (54.7%) in cash.

Investments

Since my last update, my investments decreased with AUD -125 (-0.9%).

Since I started tracking, my total contributions have been AUD 221,495, and my total return has been AUD -237,960.

Retirement accounts

Since my last update, my retirement accounts decreased with AUD -18 (-0.0%), of which AUD 400 was from contributions , and AUD 7,935 was from returns.

Since I started tracking, my total contributions have been AUD 175,203, and my total return is AUD 113,570.




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

If I quit working today, my monthly pay out would be AUD 3,054 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
3,054/month
(4.0% SWR)
2,672/month
(3.5% SWR)
2,290/month
(3.0% SWR)


When can I retire?

FI date

June 2028

My age

50

I am currently aiming to save/invest approximately AUD 8,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 1,500,000 in 2 years and 11 months, in June 2028, and at that time I will be 50 years old.

By that time I will have invested/saved another AUD 352,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 231,698


Financial independence forecast