Net worth update per



This is my #14 net worth update. Please check out my profile here for more information. As of , 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 my net worth has decreased with CAD -17,000 ( -12.41 %).

FI portfolio

CAD 120,000

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

Net worth
FI portfolio

The changes for each asset class compared to the previous reporting ( ) is shown in the table below. All numbers are in CAD.

I am now 14.1% on my way to achive my FIRE target of CAD 850,000. This is -2.0 percentage points closer, compared to the last net worth update.

CAD 120,000 FIRE target: CAD 850,000


14.1%


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 1,600 was from contributions, and CAD -8,100 was from returns.

Since I started tracking, my total contributions have been CAD 4,990, and my total return has been CAD 7,710.

Retirement accounts

Since my last update, my retirement accounts decreased with CAD -11,000 (-14.65%), of which CAD 1,000 was from contributions , and CAD -12,000 was from returns.

Since I started tracking, my total contributions have been CAD 7,372, and my total return is CAD -3,272.




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


My age

35

I am currently aiming to save/invest approximately CAD 5,400 each month.

Assuming an annual return of 7% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 850,000 in 7 years and 7 months, in , and at that time I will be 35 years old.

By that time I will have invested/saved another CAD 496,800, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 233,200


Financial independence forecast