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Net worth update per December 21st 2024



This is r46n4r0k's #8 net worth update. Please check out my profile here for more information. As of December 21st 2024, my net worth decreased to AUD 788,554 and my FI portfolio decreased to AUD 629,754


Net worth

AUD 788,554

Since the last update on December 14th 2024 my net worth has decreased with AUD -5,220 ( -0.66 %).

FI portfolio

AUD 629,754

Since the last update on December 14th 2024 my FI portfolio has decreased with AUD -6,470 ( -1.02 %).

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.

I am now 52.5% on my way to achive my FIRE target of AUD 1,200,000. This is -0.5 percentage points closer, compared to the last net worth update.

AUD 629,754 FIRE target: AUD 1,200,000


52.5%


FI portfolio


My FI portfolio now consists of AUD 21,390 (3.4%) in investments, AUD 366,414 (58.2%) in retirement accounts, and AUD 241,950 (38.4%) in cash.

Investments

Since my last update, my investments decreased with AUD -705 (-3.19%), of which AUD 1,000 was from contributions, and AUD 105 was from returns.

Since I started tracking, my total contributions have been AUD 1,000, and my total return has been AUD 1,965.

Retirement accounts

Since my last update, my retirement accounts decreased with AUD -4,340 (-1.17%), of which AUD 880 was from contributions , and AUD 2,405 was from returns.

Since I started tracking, my total contributions have been AUD 19,104, and my total return is AUD 26,357.




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


If I quit working today, my monthly pay out would be AUD 2,099 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
2,099/month
(4.0% SWR)
1,836/month
(3.5% SWR)
1,574/month
(3.0% SWR)


When can I retire?


FI date

October 2032


My age

54

I am currently aiming to save/invest approximately AUD 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 AUD 1,200,000 in 7 years and 3 months, in October 2032, and at that time I will be 54 years old.

By that time I will have invested/saved another AUD 188,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 382,246


Financial independence forecast