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Net worth update per


This is MoMoneyMoProblems's #29 net worth update. Please check out my profile here for more information. As of , my net worth increased to CAD 659,050 and my FI portfolio increased to CAD 481,800


Net worth

CAD 659,050

Since the last update on my net worth has increased with CAD 30,700 (+ 4.89 %).

FI portfolio

CAD 481,800

Since the last update on my FI portfolio has increased with CAD 29,150 (+ 6.44 %).

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 CAD.
Change
Cash 7,000 +2,000 9,000
Investments 190,500 +17,500 208,000
Retirement acc 255,150 +9,650 264,800
Real estate 300,000 0 300,000
Other assets 0 0 0
Total assets 752,650 +29,150 781,800

Mortgage 122,300 -550 121,750
Other debt 2,000 -1,000 1,000
Total debt 124,300 -1,550 122,750
Change
Cash 16,300 -7,300 9,000
Investments 91,000 +117,000 208,000
Retirement acc 200,200 +64,600 264,800
Real estate 337,500 -37,500 300,000
Other assets 0 0 0
Total assets 645,000 +136,800 781,800

Mortgage 133,955 -12,205 121,750
Other debt 8,500 -7,500 1,000
Total debt 142,455 -19,705 122,750
Change
Cash 9,000 0 9,000
Investments 15,000 +193,000 208,000
Retirement acc 15,000 +249,800 264,800
Real estate 0 + 300,000 300,000
Other assets 0 0 0
Total assets 39,000 +742,800 781,800

Mortgage 0 121,750 121,750
Other debt 8,500 -7,500 1,000
Total debt 8,500 + 114,250 122,750

I am now 24.1% on my way to achive my FIRE target of CAD 2,000,000. This is 1.5 percentage points closer, compared to the last net worth update.

CAD 481,800 FIRE target: CAD 2,000,000


24.1%

FI portfolio

My FI portfolio now consists of CAD 208,000 (43.2%) in investments, CAD 264,800 (55.0%) in retirement accounts, and CAD 9,000 (1.9%) in cash.

Investments

Since my last update, my investments increased with CAD 17,500 (9.19%).

Retirement accounts

Since my last update, my retirement accounts increased with CAD 9,650 (3.78%).




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

If I quit working today, my monthly pay out would be CAD 1,606 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
1,606/month
(4.0% SWR)
1,405/month
(3.5% SWR)
1,204/month
(3.0% SWR)


When can I retire?

FI date

My age

37

I am currently aiming to save/invest approximately CAD 10,000 each month.

Assuming an annual return of 6% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 2,000,000 in 7 years and 10 months, in , and at that time I will be 37 years old.

By that time I will have invested/saved another CAD 960,000, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 558,200


Financial independence forecast