This is generosity's first net worth update, hence it will be limited. Later updates will contain more details. Please check out my profile here for more information. As of , my net worth was AUD 1,022,400 and my FI portfolio was AUD 291,400.
I am now 29.1% on my way to achive my FIRE target of AUD 1,000,000.
My FI portfolio now consists of AUD 8,500 (2.9%) in investments, AUD 232,500 (79.8%) in retirement accounts, and AUD 50,400 (17.3%) in cash.
If I quit working today, my monthly pay out would be AUD 971 for the rest of my life.
I am currently aiming to save/invest
approximately AUD
400
each month.
Assuming an annual return of
10% on my investments and my retirement accounts, I
aim to reach my FIRE target
of AUD 1,000,000
in 12 years and 3 months,
in , and at that time I will be
62 years old.
By that time I will have invested/saved
another AUD 59,200,
while the rest will be return on my existing FI portfolio and the new
investments,
in total AUD
649,400