Fireleap.com is a net worth tracking app that let's everyone track their finances in public. Sign up to join us!

Net worth update per


This is Chessines's #51 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 17,986,000 and my FI portfolio increased to NOK 13,800,000


Net worth

NOK 17,986,000

Since the last update on my net worth has increased with NOK 512,000 (+ 2.93 %).

FI portfolio

NOK 13,800,000

Since the last update on my FI portfolio has increased with NOK 635,000 (+ 4.82 %).

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 0 0 0
Investments 10,939,000 +577,000 11,516,000
Retirement acc 2,226,000 +58,000 2,284,000
Real estate 9,160,000 0 9,160,000
Other assets 0 0 0
Total assets 22,325,000 +635,000 22,960,000

Mortgage 4,525,000 115,000 4,640,000
Other debt 326,000 + 8,000 334,000
Total debt 4,851,000 + 123,000 4,974,000
Change
Cash 0 0 0
Investments 8,282,000 +3,234,000 11,516,000
Retirement acc 1,737,000 +547,000 2,284,000
Real estate 8,700,000 + 460,000 9,160,000
Other assets 0 0 0
Total assets 18,719,000 +4,241,000 22,960,000

Mortgage 4,575,000 65,000 4,640,000
Other debt 323,000 + 11,000 334,000
Total debt 4,898,000 + 76,000 4,974,000
Change
Cash 50,000 -50,000 0
Investments 2,270,000 +9,246,000 11,516,000
Retirement acc 735,000 +1,549,000 2,284,000
Real estate 5,700,000 + 3,460,000 9,160,000
Other assets 180,000 -180,000 0
Total assets 8,935,000 +14,025,000 22,960,000

Mortgage 2,385,000 2,255,000 4,640,000
Other debt 372,000 -38,000 334,000
Total debt 2,757,000 + 2,217,000 4,974,000

I am now 92.0% on my way to achive my FIRE target of NOK 15,000,000. This is 4.2 percentage points closer, compared to the last net worth update.

NOK 13,800,000 FIRE target: NOK 15,000,000


92.0%

FI portfolio

My FI portfolio now consists of NOK 11,516,000 (83.4%) in investments, NOK 2,284,000 (16.6%) in retirement accounts, and NOK 0 (0.0%) in cash.

Investments

Since my last update, my investments increased with NOK 577,000 (5.27%), of which NOK 10,000 was from contributions, and NOK 567,000 was from returns.

Since I started tracking, my total contributions have been NOK 3,545,000, and my total return has been NOK 5,701,000.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 58,000 (2.61%), of which NOK 7,000 was from contributions , and NOK 51,000 was from returns.

Since I started tracking, my total contributions have been NOK 438,500, and my total return is NOK 1,110,500.




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

If I quit working today, my monthly pay out would be NOK 46,000 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
46,000/month
(4.0% SWR)
40,250/month
(3.5% SWR)
34,500/month
(3.0% SWR)


When can I retire?

FI date

My age

53

I am currently aiming to save/invest approximately NOK 7,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 15,000,000 in 0 years and 11 months, in , and at that time I will be 53 years old.

By that time I will have invested/saved another NOK 84,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 1,116,000


Financial independence forecast