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Net worth update per


This is grodt's #23 net worth update. Please check out my profile here for more information. As of , my net worth decreased to NOK 8,828,800 and my FI portfolio increased to NOK 6,605,800


Net worth

NOK 8,828,800

Since the last update on my net worth has decreased with NOK -25,496 ( -0.29 %).

FI portfolio

NOK 6,605,800

Since the last update on my FI portfolio has increased with NOK 72,504 (+ 1.11 %).

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 683,000 +2,000 685,000
Investments 4,661,453 +52,347 4,713,800
Retirement acc 1,188,843 +18,157 1,207,000
Real estate 3,400,000 -100,000 3,300,000
Other assets 0 0 0
Total assets 9,933,296 -27,496 9,905,800

Mortgage 1,079,000 -2,000 1,077,000
Other debt 0 0 0
Total debt 1,079,000 -2,000 1,077,000
Change
Cash 683,000 +2,000 685,000
Investments 4,661,453 +52,347 4,713,800
Retirement acc 1,188,843 +18,157 1,207,000
Real estate 3,400,000 -100,000 3,300,000
Other assets 0 0 0
Total assets 9,933,296 -27,496 9,905,800

Mortgage 1,079,000 -2,000 1,077,000
Other debt 0 0 0
Total debt 1,079,000 -2,000 1,077,000
Change
Cash 50,000 +635,000 685,000
Investments 3,150,000 +1,563,800 4,713,800
Retirement acc 0 +1,207,000 1,207,000
Real estate 3,150,000 + 150,000 3,300,000
Other assets 0 0 0
Total assets 6,350,000 +3,555,800 9,905,800

Mortgage 1,150,000 -73,000 1,077,000
Other debt 230,000 -230,000 0
Total debt 1,380,000 -303,000 1,077,000

I am now 55.0% on my way to achive my FIRE target of NOK 12,000,000. This is 0.6 percentage points closer, compared to the last net worth update.

NOK 6,605,800 FIRE target: NOK 12,000,000


55.0%

FI portfolio

My FI portfolio now consists of NOK 4,713,800 (71.4%) in investments, NOK 1,207,000 (18.3%) in retirement accounts, and NOK 685,000 (10.4%) in cash.

Investments

Since my last update, my investments increased with NOK 52,347 (1.12%), of which NOK 25,000 was from contributions, and NOK -345,347 was from returns.

Since I started tracking, my total contributions have been NOK 560,500, and my total return has been NOK 741,500.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 18,157 (1.53%), of which NOK 9,000 was from contributions , and NOK -116,735 was from returns.

Since I started tracking, my total contributions have been NOK 192,246, and my total return is NOK 943,754.




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

If I quit working today, my monthly pay out would be NOK 22,019 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
22,019/month
(4.0% SWR)
19,266/month
(3.5% SWR)
16,514/month
(3.0% SWR)


When can I retire?

FI date

My age

50

I am currently aiming to save/invest approximately NOK 34,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 12,000,000 in 4 years and 7 months, in , and at that time I will be 50 years old.

By that time I will have invested/saved another NOK 2,040,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 3,354,200


Financial independence forecast