Fireleap.com is a net worth tracking app that let's everyone track their finances in public. Sign up to join us!

Net worth update per


This is FrankTheTank's #21 net worth update. Please check out my profile here for more information. As of , my net worth decreased to DKK 3,114,231 and my FI portfolio decreased to DKK 2,615,923


Net worth

DKK 3,114,231

Since the last update on my net worth has decreased with DKK -43,081 ( -1.36 %).

FI portfolio

DKK 2,615,923

Since the last update on my FI portfolio has decreased with DKK -53,522 ( -2.0 %).

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 324,016 -6,746 317,270
Investments 1,190,703 -19,775 1,170,928
Retirement acc 1,154,726 -27,001 1,127,725
Real estate 2,100,000 0 2,100,000
Other assets 0 0 0
Total assets 4,769,445 -53,522 4,715,923

Mortgage 1,612,133 -10,441 1,601,692
Other debt 0 0 0
Total debt 1,612,133 -10,441 1,601,692
Change
Cash 289,640 +27,630 317,270
Investments 1,202,000 -31,072 1,170,928
Retirement acc 1,186,600 -58,875 1,127,725
Real estate 1,975,000 + 125,000 2,100,000
Other assets 0 0 0
Total assets 4,653,240 +62,683 4,715,923

Mortgage 1,619,000 -17,308 1,601,692
Other debt 0 0 0
Total debt 1,619,000 -17,308 1,601,692
Change
Cash 229,000 +88,270 317,270
Investments 746,000 +424,928 1,170,928
Retirement acc 789,720 +338,005 1,127,725
Real estate 1,900,000 + 200,000 2,100,000
Other assets 0 0 0
Total assets 3,664,720 +1,051,203 4,715,923

Mortgage 1,740,300 -138,608 1,601,692
Other debt 52,000 -52,000 0
Total debt 1,792,300 -190,608 1,601,692

I am now 10.5% on my way to achive my FIRE target of DKK 25,000,000. This is -0.2 percentage points closer, compared to the last net worth update.

DKK 2,615,923 FIRE target: DKK 25,000,000


10.5%

FI portfolio

My FI portfolio now consists of DKK 1,170,928 (44.8%) in investments, DKK 1,127,725 (43.1%) in retirement accounts, and DKK 317,270 (12.1%) in cash.

Investments

Since my last update, my investments decreased with DKK -19,775 (-1.66%).

Retirement accounts

Since my last update, my retirement accounts decreased with DKK -27,001 (-2.34%).




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

If I quit working today, my monthly pay out would be DKK 8,719 for the rest of my life.


Monthly SWR amount
Retire today with (DKK)
8,719/month
(4.0% SWR)
7,629/month
(3.5% SWR)
6,539/month
(3.0% SWR)


When can I retire?

FI date

My age

55

I am currently aiming to save/invest approximately DKK 21,000 each month.

Assuming an annual return of 9% on my investments and my retirement accounts, I aim to reach my FIRE target of DKK 25,000,000 in 18 years and 8 months, in , and at that time I will be 55 years old.

By that time I will have invested/saved another DKK 4,725,000, while the rest will be return on my existing FI portfolio and the new investments, in total DKK 17,659,077


Financial independence forecast