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 #18 net worth update. Please check out my profile here for more information. As of , my net worth increased to AUD 4,058,800 and my FI portfolio increased to AUD 1,114,000


Net worth

AUD 4,058,800

Since the last update on my net worth has increased with AUD 25,949 (+ 0.64 %).

FI portfolio

AUD 1,114,000

Since the last update on my FI portfolio has increased with AUD 34,149 (+ 3.16 %).

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 364,000 -7,000 357,000
Investments 235,000 +30,000 265,000
Retirement acc 480,851 +11,149 492,000
Real estate 4,700,000 0 4,700,000
Other assets 40,000 -10,000 30,000
Total assets 5,819,851 +24,149 5,844,000

Mortgage 1,787,000 -1,800 1,785,200
Other debt 0 0 0
Total debt 1,787,000 -1,800 1,785,200
Change
Cash 308,773 +48,227 357,000
Investments 235,465 +29,535 265,000
Retirement acc 470,000 +22,000 492,000
Real estate 4,700,000 0 4,700,000
Other assets 40,000 -10,000 30,000
Total assets 5,754,238 +89,762 5,844,000

Mortgage 1,798,576 -13,376 1,785,200
Other debt 0 0 0
Total debt 1,798,576 -13,376 1,785,200
Change
Cash 320,326 +36,674 357,000
Investments 73,991 +191,009 265,000
Retirement acc 260,696 +231,304 492,000
Real estate 4,085,800 + 614,200 4,700,000
Other assets 40,000 -10,000 30,000
Total assets 4,780,813 +1,063,187 5,844,000

Mortgage 1,830,676 -45,476 1,785,200
Other debt 1,000 -1,000 0
Total debt 1,831,676 -46,476 1,785,200

I am now 31.8% on my way to achive my FIRE target of AUD 3,500,000. This is 1.0 percentage points closer, compared to the last net worth update.

AUD 1,114,000 FIRE target: AUD 3,500,000


31.8%

FI portfolio

My FI portfolio now consists of AUD 265,000 (23.8%) in investments, AUD 492,000 (44.2%) in retirement accounts, and AUD 357,000 (32.0%) in cash.

Investments

Since my last update, my investments increased with AUD 30,000 (12.77%), 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 increased with AUD 11,149 (2.32%), 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 3,713 for the rest of my life.


Monthly SWR amount
Retire today with (AUD)
3,713/month
(4.0% SWR)
3,249/month
(3.5% SWR)
2,785/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 5 months, in , and at that time I will be 51 years old.

By that time I will have invested/saved another AUD 684,000, while the rest will be return on my existing FI portfolio and the new investments, in total AUD 1,702,000


Financial independence forecast