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Net worth update per


This is Rivendell's #3 net worth update. Please check out my profile here for more information. As of , my net worth increased to DKK 12,708,000 and my FI portfolio increased to DKK 3,702,000


Net worth

DKK 12,708,000

Since the last update on my net worth has increased with DKK 3,688,404 (+ 40.89 %).

FI portfolio

DKK 3,702,000

Since the last update on my FI portfolio has increased with DKK 677,404 (+ 22.4 %).

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 DKK.
Change
Cash 379,400 -338,400 41,000
Investments 55,366 +118,634 174,000
Retirement acc 2,589,830 +897,170 3,487,000
Real estate 6,500,000 -200,000 6,300,000
Other assets 3,595,000 + 2,020,000 5,615,000
Total assets 13,119,596 +2,497,404 15,617,000

Mortgage 3,200,000 -829,000 2,371,000
Other debt 900,000 -362,000 538,000
Total debt 4,100,000 -1,191,000 2,909,000
Change
Cash 379,400 -338,400 41,000
Investments 55,366 +118,634 174,000
Retirement acc 2,589,830 +897,170 3,487,000
Real estate 6,500,000 -200,000 6,300,000
Other assets 3,595,000 + 2,020,000 5,615,000
Total assets 13,119,596 +2,497,404 15,617,000

Mortgage 3,200,000 -829,000 2,371,000
Other debt 900,000 -362,000 538,000
Total debt 4,100,000 -1,191,000 2,909,000
Change
Cash 240,000 -199,000 41,000
Investments 140,000 +34,000 174,000
Retirement acc 3,719,928 -232,928 3,487,000
Real estate 5,600,000 + 700,000 6,300,000
Other assets 3,350,000 + 2,265,000 5,615,000
Total assets 13,049,928 +2,567,072 15,617,000

Mortgage 3,300,000 -929,000 2,371,000
Other debt 1,000,000 -462,000 538,000
Total debt 4,300,000 -1,391,000 2,909,000

I am now 24.7% on my way to achive my FIRE target of DKK 15,000,000. This is 4.5 percentage points closer, compared to the last net worth update.

DKK 3,702,000 FIRE target: DKK 15,000,000


24.7%

FI portfolio

My FI portfolio now consists of DKK 174,000 (4.7%) in investments, DKK 3,487,000 (94.2%) in retirement accounts, and DKK 41,000 (1.1%) in cash.

Investments

Since my last update, my investments increased with DKK 118,634 (214.27%).

Retirement accounts

Since my last update, my retirement accounts increased with DKK 897,170 (34.64%), of which DKK 60,000 was from contributions , and DKK 837,170 was from returns.




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

If I quit working today, my monthly pay out would be DKK 12,340 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
12,340/month
(4.0% SWR)
10,797/month
(3.5% SWR)
9,255/month
(3.0% SWR)


When can I retire?

FI date

My age

64

I am currently aiming to save/invest approximately DKK 30,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 15,000,000 in 8 years and 0 months, in , and at that time I will be 64 years old.

By that time I will have invested/saved another DKK 3,390,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 7,908,000


Financial independence forecast