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Net worth update per


This is MoMoneyMoProblems's #30 net worth update. Please check out my profile here for more information. As of , my net worth increased to CAD 663,500 and my FI portfolio increased to CAD 486,600


Net worth

CAD 663,500

Since the last update on my net worth has increased with CAD 4,450 (+ 0.68 %).

FI portfolio

CAD 486,600

Since the last update on my FI portfolio has increased with CAD 4,800 (+ 1.0 %).

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 CAD.
Change
Cash 9,000 -3,000 6,000
Investments 208,000 +7,600 215,600
Retirement acc 264,800 +200 265,000
Real estate 300,000 0 300,000
Other assets 0 0 0
Total assets 781,800 +4,800 786,600

Mortgage 121,750 -650 121,100
Other debt 1,000 + 1,000 2,000
Total debt 122,750 + 350 123,100
Change
Cash 16,300 -10,300 6,000
Investments 91,000 +124,600 215,600
Retirement acc 200,200 +64,800 265,000
Real estate 337,500 -37,500 300,000
Other assets 0 0 0
Total assets 645,000 +141,600 786,600

Mortgage 133,955 -12,855 121,100
Other debt 8,500 -6,500 2,000
Total debt 142,455 -19,355 123,100
Change
Cash 9,000 -3,000 6,000
Investments 15,000 +200,600 215,600
Retirement acc 15,000 +250,000 265,000
Real estate 0 + 300,000 300,000
Other assets 0 0 0
Total assets 39,000 +747,600 786,600

Mortgage 0 121,100 121,100
Other debt 8,500 -6,500 2,000
Total debt 8,500 + 114,600 123,100

I am now 24.3% on my way to achive my FIRE target of CAD 2,000,000. This is 0.2 percentage points closer, compared to the last net worth update.

CAD 486,600 FIRE target: CAD 2,000,000


24.3%

FI portfolio

My FI portfolio now consists of CAD 215,600 (44.3%) in investments, CAD 265,000 (54.5%) in retirement accounts, and CAD 6,000 (1.2%) in cash.

Investments

Since my last update, my investments increased with CAD 7,600 (3.65%).

Retirement accounts

Since my last update, my retirement accounts increased with CAD 200 (0.08%).




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

If I quit working today, my monthly pay out would be CAD 1,622 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
1,622/month
(4.0% SWR)
1,419/month
(3.5% SWR)
1,216/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 11 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 553,400


Financial independence forecast