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 SKY2024's #17 net worth update. Please check out my profile here for more information. As of , my net worth increased to AUD 4,032,851 and my FI portfolio increased to AUD 1,079,851


Net worth

AUD 4,032,851

Since the last update on my net worth has increased with AUD 60,523 (+ 1.52 %).

FI portfolio

AUD 1,079,851

Since the last update on my FI portfolio has increased with AUD 52,333 (+ 5.09 %).

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.
Change
Cash 310,000 +54,000 364,000
Investments 228,000 +7,000 235,000
Retirement acc 489,518 -8,667 480,851
Real estate 4,700,000 0 4,700,000
Other assets 40,000 0 40,000
Total assets 5,767,518 +52,333 5,819,851

Mortgage 1,795,190 -8,190 1,787,000
Other debt 0 0 0
Total debt 1,795,190 -8,190 1,787,000
Change
Cash 308,773 +55,227 364,000
Investments 235,465 -465 235,000
Retirement acc 470,000 +10,851 480,851
Real estate 4,700,000 0 4,700,000
Other assets 40,000 0 40,000
Total assets 5,754,238 +65,613 5,819,851

Mortgage 1,798,576 -11,576 1,787,000
Other debt 0 0 0
Total debt 1,798,576 -11,576 1,787,000
Change
Cash 320,326 +43,674 364,000
Investments 73,991 +161,009 235,000
Retirement acc 260,696 +220,155 480,851
Real estate 4,085,800 + 614,200 4,700,000
Other assets 40,000 0 40,000
Total assets 4,780,813 +1,039,038 5,819,851

Mortgage 1,830,676 -43,676 1,787,000
Other debt 1,000 -1,000 0
Total debt 1,831,676 -44,676 1,787,000

I am now 30.9% on my way to achive my FIRE target of AUD 3,500,000. This is 1.5 percentage points closer, compared to the last net worth update.

AUD 1,079,851 FIRE target: AUD 3,500,000


30.9%

FI portfolio

My FI portfolio now consists of AUD 235,000 (21.8%) in investments, AUD 480,851 (44.5%) in retirement accounts, and AUD 364,000 (33.7%) in cash.

Investments

Since my last update, my investments increased with AUD 7,000 (3.07%), of which AUD 8,000 was from contributions, and AUD 22,000 was from returns.

Since I started tracking, my total contributions have been AUD 77,000, and my total return has been AUD 114,009.

Retirement accounts

Since my last update, my retirement accounts decreased with AUD -8,667 (-1.77%), of which AUD 10,000 was from contributions , and AUD 1,149 was from returns.

Since I started tracking, my total contributions have been AUD 204,899, and my total return is AUD 26,405.




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

If I quit working today, my monthly pay out would be AUD 3,599 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
3,599/month
(4.0% SWR)
3,149/month
(3.5% SWR)
2,699/month
(3.0% SWR)


When can I retire?

FI date

My age

51

I am currently aiming to save/invest approximately AUD 6,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of AUD 3,500,000 in 9 years and 7 months, in , and at that time I will be 51 years old.

By that time I will have invested/saved another AUD 702,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 1,718,149


Financial independence forecast