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Net worth update per


This is MoMoneyMoProblems's #31 net worth update. Please check out my profile here for more information. As of , my net worth increased to CAD 680,900 and my FI portfolio increased to CAD 504,100


Net worth

CAD 680,900

Since the last update on my net worth has increased with CAD 17,400 (+ 2.62 %).

FI portfolio

CAD 504,100

Since the last update on my FI portfolio has increased with CAD 17,500 (+ 3.6 %).

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 6,000 +7,800 13,800
Investments 215,600 +4,100 219,700
Retirement acc 265,000 +5,600 270,600
Real estate 300,000 0 300,000
Other assets 0 0 0
Total assets 786,600 +17,500 804,100

Mortgage 121,100 -1,200 119,900
Other debt 2,000 + 1,300 3,300
Total debt 123,100 + 100 123,200
Change
Cash 16,300 -2,500 13,800
Investments 91,000 +128,700 219,700
Retirement acc 200,200 +70,400 270,600
Real estate 337,500 -37,500 300,000
Other assets 0 0 0
Total assets 645,000 +159,100 804,100

Mortgage 133,955 -14,055 119,900
Other debt 8,500 -5,200 3,300
Total debt 142,455 -19,255 123,200
Change
Cash 9,000 +4,800 13,800
Investments 15,000 +204,700 219,700
Retirement acc 15,000 +255,600 270,600
Real estate 0 + 300,000 300,000
Other assets 0 0 0
Total assets 39,000 +765,100 804,100

Mortgage 0 119,900 119,900
Other debt 8,500 -5,200 3,300
Total debt 8,500 + 114,700 123,200

I am now 25.2% on my way to achive my FIRE target of CAD 2,000,000. This is 0.9 percentage points closer, compared to the last net worth update.

CAD 504,100 FIRE target: CAD 2,000,000


25.2%

FI portfolio

My FI portfolio now consists of CAD 219,700 (43.6%) in investments, CAD 270,600 (53.7%) in retirement accounts, and CAD 13,800 (2.7%) in cash.

Investments

Since my last update, my investments increased with CAD 4,100 (1.9%).

Retirement accounts

Since my last update, my retirement accounts increased with CAD 5,600 (2.11%).




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

If I quit working today, my monthly pay out would be CAD 1,680 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
1,680/month
(4.0% SWR)
1,470/month
(3.5% SWR)
1,260/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 9 months, in , and at that time I will be 37 years old.

By that time I will have invested/saved another CAD 940,000, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 555,900


Financial independence forecast