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Net worth update per


This is grodt's #43 net worth update. Please check out my profile here for more information. As of , my net worth increased to NOK 11,484,440 and my FI portfolio increased to NOK 8,829,500


Net worth

NOK 11,484,440

Since the last update on my net worth has increased with NOK 136,940 (+ 1.21 %).

FI portfolio

NOK 8,829,500

Since the last update on my FI portfolio has increased with NOK 185,500 (+ 2.15 %).

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 985,000 +3,000 988,000
Investments 6,019,000 +141,000 6,160,000
Retirement acc 1,640,000 +41,500 1,681,500
Real estate 3,710,000 -55,000 3,655,000
Other assets 0 0 0
Total assets 12,354,000 +130,500 12,484,500

Mortgage 1,006,500 -6,440 1,000,060
Other debt 0 0 0
Total debt 1,006,500 -6,440 1,000,060
Change
Cash 732,850 +255,150 988,000
Investments 5,431,920 +728,080 6,160,000
Retirement acc 1,479,870 +201,630 1,681,500
Real estate 3,470,000 + 185,000 3,655,000
Other assets 0 0 0
Total assets 11,114,640 +1,369,860 12,484,500

Mortgage 1,031,000 -30,940 1,000,060
Other debt 0 0 0
Total debt 1,031,000 -30,940 1,000,060
Change
Cash 50,000 +938,000 988,000
Investments 3,150,000 +3,010,000 6,160,000
Retirement acc 0 +1,681,500 1,681,500
Real estate 3,150,000 + 505,000 3,655,000
Other assets 0 0 0
Total assets 6,350,000 +6,134,500 12,484,500

Mortgage 1,150,000 -149,940 1,000,060
Other debt 230,000 -230,000 0
Total debt 1,380,000 -379,940 1,000,060

I am now 73.6% on my way to achive my FIRE target of NOK 12,000,000. This is 1.5 percentage points closer, compared to the last net worth update.

NOK 8,829,500 FIRE target: NOK 12,000,000


73.6%

FI portfolio

My FI portfolio now consists of NOK 6,160,000 (69.8%) in investments, NOK 1,681,500 (19.0%) in retirement accounts, and NOK 988,000 (11.2%) in cash.

Investments

Since my last update, my investments increased with NOK 141,000 (2.34%), of which NOK 25,000 was from contributions, and NOK 116,000 was from returns.

Since I started tracking, my total contributions have been NOK 985,500, and my total return has been NOK 2,024,500.

Retirement accounts

Since my last update, my retirement accounts increased with NOK 41,500 (2.53%), of which NOK 11,000 was from contributions , and NOK 30,500 was from returns.

Since I started tracking, my total contributions have been NOK 394,246, and my total return is NOK 1,287,254.




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

If I quit working today, my monthly pay out would be NOK 29,431 for the rest of my life.


Monthly SWR amount
Retire today with (NOK)
29,431/month
(4.0% SWR)
25,752/month
(3.5% SWR)
22,073/month
(3.0% SWR)


When can I retire?

FI date

My age

49

I am currently aiming to save/invest approximately NOK 36,000 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 2 years and 7 months, in , and at that time I will be 49 years old.

By that time I will have invested/saved another NOK 1,152,000, while the rest will be return on my existing FI portfolio and the new investments, in total NOK 2,018,500


Financial independence forecast