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Net worth update per


This is grodt's #31 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 9,610,850 and my FI portfolio increased to NOK 7,116,850


Net worth

NOK 9,610,850

Since the last update on my net worth has increased with NOK 115,621 (+ 1.22 %).

FI portfolio

NOK 7,116,850

Since the last update on my FI portfolio has increased with NOK 87,621 (+ 1.25 %).

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 NOK.
Change
Cash 714,000 +7,000 721,000
Investments 4,994,229 +69,771 5,064,000
Retirement acc 1,321,000 +10,850 1,331,850
Real estate 3,520,000 + 20,000 3,540,000
Other assets 0 0 0
Total assets 10,549,229 +107,621 10,656,850

Mortgage 1,054,000 -8,000 1,046,000
Other debt 0 0 0
Total debt 1,054,000 -8,000 1,046,000
Change
Cash 683,000 +38,000 721,000
Investments 4,661,453 +402,547 5,064,000
Retirement acc 1,188,843 +143,007 1,331,850
Real estate 3,400,000 + 140,000 3,540,000
Other assets 0 0 0
Total assets 9,933,296 +723,554 10,656,850

Mortgage 1,079,000 -33,000 1,046,000
Other debt 0 0 0
Total debt 1,079,000 -33,000 1,046,000
Change
Cash 50,000 +671,000 721,000
Investments 3,150,000 +1,914,000 5,064,000
Retirement acc 0 +1,331,850 1,331,850
Real estate 3,150,000 + 390,000 3,540,000
Other assets 0 0 0
Total assets 6,350,000 +4,306,850 10,656,850

Mortgage 1,150,000 -104,000 1,046,000
Other debt 230,000 -230,000 0
Total debt 1,380,000 -334,000 1,046,000

I am now 59.3% on my way to achive my FIRE target of NOK 12,000,000. This is 0.7 percentage points closer, compared to the last net worth update.

NOK 7,116,850 FIRE target: NOK 12,000,000


59.3%

FI portfolio

My FI portfolio now consists of NOK 5,064,000 (71.2%) in investments, NOK 1,331,850 (18.7%) in retirement accounts, and NOK 721,000 (10.1%) in cash.

Investments

Since my last update, my investments increased with NOK 69,771 (1.4%), of which NOK 25,000 was from contributions, and NOK 44,771 was from returns.

Since I started tracking, my total contributions have been NOK 685,500, and my total return has been NOK 1,228,500.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 10,850 (0.82%), of which NOK 9,000 was from contributions , and NOK 1,850 was from returns.

Since I started tracking, my total contributions have been NOK 237,246, and my total return is NOK 1,094,604.




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

If I quit working today, my monthly pay out would be NOK 23,722 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
23,722/month
(4.0% SWR)
20,757/month
(3.5% SWR)
17,792/month
(3.0% SWR)


When can I retire?

FI date

My age

50

I am currently aiming to save/invest approximately NOK 34,000 each month.

Assuming an annual return of 8% on my investments and my retirement accounts, I aim to reach my FIRE target of NOK 12,000,000 in 4 years and 4 months, in , and at that time I will be 50 years old.

By that time I will have invested/saved another NOK 1,802,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 3,081,150


Financial independence forecast