Net worth update per


This is my #2 net worth update. Please check out my profile here for more information. As of , my net worth increased to CAD 392,000 and my FI portfolio increased to CAD 385,000


Net worth

CAD 392,000

Since the last update on my net worth has increased with CAD 117,000 (+ 42.55 %).

FI portfolio

CAD 385,000

Since the last update on my FI portfolio has increased with CAD 111,000 (+ 40.51 %).

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.
Previous Change Current
Cash 1,000 +127,000 128,000
Investments 73,000 -56,000 17,000
Retirement acc 200,000 +40,000 240,000
Real estate 0 0 0
Other assets 30,000 + 24,000 54,000
Total assets 304,000 +135,000 439,000

Mortgage 0 0 0
Other debt 29,000 + 18,000 47,000
Total debt 29,000 + 18,000 47,000
Start Change Current
Cash 1,000 +127,000 128,000
Investments 73,000 -56,000 17,000
Retirement acc 200,000 +40,000 240,000
Real estate 0 0 0
Other assets 30,000 + 24,000 54,000
Total assets 304,000 +135,000 439,000

Mortgage 0 0 0
Other debt 29,000 + 18,000 47,000
Total debt 29,000 + 18,000 47,000

I am now 28.5% on my way to achive my FIRE target of CAD 1,350,000. This is 8.2 percentage points closer, compared to the last net worth update.

CAD 385,000 FIRE target: CAD 1,350,000


28.5%

FI portfolio

My FI portfolio now consists of CAD 17,000 (4.4%) in investments, CAD 240,000 (62.3%) in retirement accounts, and CAD 128,000 (33.2%) in cash.

Investments

Since my last update, my investments decreased with CAD -56,000 (-76.71%), of which CAD 10,000 was from contributions, and CAD -66,000 was from returns.

Since I started tracking, my total contributions have been CAD 10,000, and my total return has been CAD -66,000.

Retirement accounts

Since my last update, my retirement accounts increased with CAD 40,000 (20.0%), of which CAD 30,000 was from contributions , and CAD 10,000 was from returns.

Since I started tracking, my total contributions have been CAD 30,000, and my total return is CAD 10,000.




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

If I quit working today, my monthly pay out would be CAD 1,283 for the rest of my life.


Monthly SWR amount
Retire today with (CAD)
1,283/month
(4.0% SWR)
1,122/month
(3.5% SWR)
962/month
(3.0% SWR)


When can I retire?

FI date

My age

44

I am currently aiming to save/invest approximately CAD 5,000 each month.

Assuming an annual return of 10% on my investments and my retirement accounts, I aim to reach my FIRE target of CAD 1,350,000 in 7 years and 5 months, in , and at that time I will be 44 years old.

By that time I will have invested/saved another CAD 450,000, while the rest will be return on my existing FI portfolio and the new investments, in total CAD 515,000


Financial independence forecast