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Net worth update per November 1st 2024


This is Falco's #547 net worth update. Please check out my profile here for more information. As of November 1st 2024, my net worth increased to USD 375,626 and my FI portfolio increased to USD 375,626


Net worth

USD 375,626

Since the last update on October 31st 2024 my net worth has increased with USD 3,291 (+ 0.88 %).

FI portfolio

USD 375,626

Since the last update on October 31st 2024 my FI portfolio has increased with USD 3,291 (+ 0.88 %).

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.
31 Oct 24 Change 1 Nov 24
Cash 15,329 +1,816 17,145
Investments 91,212 +367 91,579
Retirement acc 265,794 +1,108 266,902
Real estate 0 0 0
Other assets 0 0 0
Total assets 372,335 +3,291 375,626

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
29 Dec 23 Change 1 Nov 24
Cash 15,017 +2,128 17,145
Investments 74,879 +16,700 91,579
Retirement acc 217,757 +49,145 266,902
Real estate 0 0 0
Other assets 0 0 0
Total assets 307,653 +67,973 375,626

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
17 Sep 20 Change 1 Nov 24
Cash 20,502 -3,357 17,145
Investments 22,774 +68,805 91,579
Retirement acc 141,441 +125,461 266,902
Real estate 0 0 0
Other assets 0 0 0
Total assets 184,717 +190,909 375,626

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

I am now 75.1% on my way to achive my FIRE target of USD 500,000. This is 0.7 percentage points closer, compared to the last net worth update.

USD 375,626 FIRE target: USD 500,000


75.1%

FI portfolio

My FI portfolio now consists of USD 91,579 (24.4%) in investments, USD 266,902 (71.1%) in retirement accounts, and USD 17,145 (4.6%) in cash.

Investments

Since my last update, my investments increased with USD 367 (0.4%).

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 increased with USD 1,108 (0.42%).

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 1,252 for the rest of my life.


Monthly SWR amount
Retire today with (USD)
1,252/month
(4.0% SWR)
1,095/month
(3.5% SWR)
939/month
(3.0% SWR)


When can I retire?

FI date

August 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 1 months, in August 2027, and at that time I will be 44 years old.

By that time I will have invested/saved another USD 46,200, while the rest will be return on my existing FI portfolio and the new investments, in total USD 78,174


Financial independence forecast