This is my #2 net worth update. Please check out my profile here for more information. As of 2020-01-01T00:00:00Z, my net worth increased to USD 602,000 and my FI portfolio increased to USD 492,000
I am now 24.6% on my way to achive my FIRE target of USD 2,000,000. This is 5.1 percentage points closer, compared to the last net worth update.
My FI portfolio now consists of USD 46,000 (9.3%) in investments, USD 414,000 (84.1%) in retirement accounts, and USD 32,000 (6.5%) in cash.
Since my last update, my investments decreased with USD -2,000 (-4.17%).
Since my last update, my retirement accounts increased with USD 107,000 (34.85%).
If I quit working today, my monthly pay out would be USD 1,640 for the rest of my life.
I am currently aiming to save/invest
approximately USD 3,000
Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of USD 2,000,000 in 10 years and 2 months, in 2030-07-01T00:00:00Z, and at that time I will be 45 years old.
By that time I will have invested/saved another USD 378,000, while the rest will be return on my existing FI portfolio and the new investments, in total USD 1,130,000