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Net worth update per December 1st 2024


This is beecho01's #76 net worth update. Please check out my profile here for more information. As of December 1st 2024, my net worth increased to GBP 31,969 and my FI portfolio increased to GBP 48,064


Net worth

GBP 31,969

Since the last update on November 1st 2024 my net worth has increased with GBP 1,773 (+ 5.87 %).

FI portfolio

GBP 48,064

Since the last update on November 1st 2024 my FI portfolio has increased with GBP 1,491 (+ 3.2 %).

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 GBP.
1 Nov 24 Change 1 Dec 24
Cash 456 -453 3
Investments 14,072 +302 14,374
Retirement acc 32,045 +1,642 33,687
Real estate 0 0 0
Other assets 108 0 108
Total assets 46,681 +1,491 48,172

Mortgage 0 0 0
Other debt 16,485 -282 16,203
Total debt 16,485 -282 16,203
1 Dec 23 Change 1 Dec 24
Cash 0 +3 3
Investments 9,911 +4,463 14,374
Retirement acc 24,127 +9,560 33,687
Real estate 0 0 0
Other assets 108 0 108
Total assets 34,146 +14,026 48,172

Mortgage 0 0 0
Other debt 5,422 + 10,781 16,203
Total debt 5,422 + 10,781 16,203
1 Sep 18 Change 1 Dec 24
Cash 0 +3 3
Investments 0 +14,374 14,374
Retirement acc 2,658 +31,029 33,687
Real estate 0 0 0
Other assets 0 + 108 108
Total assets 2,658 +45,514 48,172

Mortgage 0 0 0
Other debt 7,877 + 8,326 16,203
Total debt 7,877 + 8,326 16,203

I am now 6.4% on my way to achive my FIRE target of GBP 750,000. This is 0.2 percentage points closer, compared to the last net worth update.

GBP 48,064 FIRE target: GBP 750,000


6.4%

FI portfolio

My FI portfolio now consists of GBP 14,374 (29.9%) in investments, GBP 33,687 (70.1%) in retirement accounts, and GBP 3 (0.0%) in cash.

Investments

Since my last update, my investments increased with GBP 302 (2.15%).

Since I started tracking, my total contributions have been GBP 10,775, and my total return has been GBP -3,879.

Retirement accounts

Since my last update, my retirement accounts increased with GBP 1,642 (5.12%), of which GBP 330 was from contributions , and GBP -110 was from returns.

Since I started tracking, my total contributions have been GBP 25,046, and my total return is GBP 6,469.




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

If I quit working today, my monthly pay out would be GBP 160 for the rest of my life.


Monthly SWR amount
Retire today with (GBP)
160/month
(4.0% SWR)
140/month
(3.5% SWR)
120/month
(3.0% SWR)


When can I retire?

FI date

July 2052

My age

57

I am currently aiming to save/invest approximately GBP 420 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of GBP 750,000 in 27 years and 1 months, in July 2052, and at that time I will be 57 years old.

By that time I will have invested/saved another GBP 139,020, while the rest will be return on my existing FI portfolio and the new investments, in total GBP 562,916


Financial independence forecast