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Net worth update per March 16th 2020


This is goal_oriented's #14 net worth update. Please check out my profile here for more information. As of March 16th 2020, my net worth decreased to CAD 120,000 and my FI portfolio decreased to CAD 120,000


Net worth

CAD 120,000

Since the last update on March 1st 2020 my net worth has decreased with CAD -17,000 ( -12.41 %).

FI portfolio

CAD 120,000

Since the last update on March 1st 2020 my FI portfolio has decreased with CAD -17,000 ( -12.41 %).

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.
1 Mar 20 Change 16 Mar 20
Cash 7,700 +500 8,200
Investments 54,200 -6,500 47,700
Retirement acc 75,100 -11,000 64,100
Real estate 0 0 0
Other assets 0 0 0
Total assets 137,000 -17,000 120,000

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
31 Dec 19 Change 16 Mar 20
Cash 8,000 +200 8,200
Investments 53,200 -5,500 47,700
Retirement acc 72,300 -8,200 64,100
Real estate 0 0 0
Other assets 0 0 0
Total assets 133,500 -13,500 120,000

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0
23 Aug 19 Change 16 Mar 20
Cash 7,000 +1,200 8,200
Investments 35,000 +12,700 47,700
Retirement acc 60,000 +4,100 64,100
Real estate 0 0 0
Other assets 0 0 0
Total assets 102,000 +18,000 120,000

Mortgage 0 0 0
Other debt 0 0 0
Total debt 0 0 0

I am now 8.6% on my way to achive my FIRE target of CAD 1,400,000. This is -1.2 percentage points closer, compared to the last net worth update.

CAD 120,000 FIRE target: CAD 1,400,000


8.6%

FI portfolio

My FI portfolio now consists of CAD 47,700 (39.8%) in investments, CAD 64,100 (53.4%) in retirement accounts, and CAD 8,200 (6.8%) in cash.

Investments

Since my last update, my investments decreased with CAD -6,500 (-11.99%), of which CAD 4,800 was from contributions, and CAD -2,600 was from returns.

Since I started tracking, my total contributions have been CAD 229,067, and my total return has been CAD 320,233.

Retirement accounts

Since my last update, my retirement accounts decreased with CAD -11,000 (-14.65%).

Since I started tracking, my total contributions have been CAD 126,832, and my total return is CAD 56,768.




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

If I quit working today, my monthly pay out would be CAD 400 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
400/month
(4.0% SWR)
350/month
(3.5% SWR)
300/month
(3.0% SWR)


When can I retire?

FI date

April 2024

My age

31

I am currently aiming to save/invest approximately CAD 22,000 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 1,400,000 in -1 years and -2 months, in April 2024, and at that time I will be 31 years old.

By that time I will have invested/saved another CAD 1,078,000, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 202,000


Financial independence forecast