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Net worth update per November 1st 2024



This is IG_00's #23 net worth update. Please check out my profile here for more information. As of November 1st 2024, my net worth increased to EUR 179,500 and my FI portfolio increased to EUR 179,500


Net worth

EUR 179,500

Since the last update on October 1st 2024 my net worth has increased with EUR 4,500 (+ 2.57 %).

FI portfolio

EUR 179,500

Since the last update on October 1st 2024 my FI portfolio has increased with EUR 4,500 (+ 2.57 %).

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 EUR.

I am now 17.9% on my way to achive my FIRE target of EUR 1,000,000. This is 0.4 percentage points closer, compared to the last net worth update.

EUR 179,500 FIRE target: EUR 1,000,000


17.9%


FI portfolio


My FI portfolio now consists of EUR 90,500 (50.4%) in investments, and EUR 89,000 (49.6%) in cash.

Investments

Since my last update, my investments increased with EUR 3,500 (4.02%), of which EUR 2,000 was from contributions, and EUR 0 was from returns.

Since I started tracking, my total contributions have been EUR 32,000, and my total return has been EUR 46,000.




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


If I quit working today, my monthly pay out would be EUR 598 for the rest of my life.


Monthly SWR amount
Retire today with (EUR)
598/month
(4.0% SWR)
523/month
(3.5% SWR)
448/month
(3.0% SWR)


When can I retire?


FI date

September 2039


My age

42

I am currently aiming to save/invest approximately EUR 2,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of EUR 1,000,000 in 14 years and 2 months, in September 2039, and at that time I will be 42 years old.

By that time I will have invested/saved another EUR 356,000, while the rest will be return on my existing FI portfolio and the new investments, in total EUR 464,500


Financial independence forecast