We have been living off our portfolio since late 2012 (~12 years.)

In that time the market has gone up and down (mostly up.) Our spending has also gone up and down (mostly up.)

Throughout it all the portfolio has remained much the same… heavy on equities, heavy on US based assets, and heavy on simplicity.

Here are some charts that explain it all.

GCC Asset Allocation 2024

As of mid-March 2024, our portfolio looks like this (chart from Empower.)

Assets and Allocation

The portfolio continues to be heavy on equities and light on bonds and cash.

Here is the breakdown:

Some interesting ratios:
Stock / Bonds-Cash: ~ 95 / 5 (not quite 100% equities)
US / International equities: ~ 83 / 17
Taxable / Pre / Post-tax: ~ 57 / 32 / 10 (Roth is trending up – was 0% 12 years ago)

Number of ETFs: ~4 (simple)

Data from previous years: 201620182019202020212022, 2023.

Changes over time

The portfolio snapshot from Empower is super helpful, offering a lot of insights at a single glance. I use it for easy rebalancing guidance… It is a great tool.

The one thing it doesn’t show is changes over time, which really shouldn’t happen if you are rebalancing regularly… but if you do something untoward like trade some big gains for a house or increase bond allocation because interest rates jumped, well then it is fun to see those changes visually.

As such, I also created some of my own charts. (Also because I like Excel a bit more than is rational.)

Because inflation has run hot the past couple of years, I created some inflation adjusted versions for the first time.

First up is how our investment portfolio has been invested on a percentage basis (e.g. US stock ~70% over time…)

Then this same chart showing dollars (not inflation adjusted.)

I don’t include home value in these charts because I don’t include equity in our retirement portfolio for purposes of the 4% Rule. This is in part why year 10 shows a significant drop in net worth (we traded stock for a house.) However, seeing real assets (house, car, boat, aircraft, etc… minus debt) as part of the mix is interesting for many, so I made those charts this year as well (using Zillow valuations, which… probably optimistic.)

Some interesting data points:

  • Even though we bought a house, our investment portfolio is worth more now than it was when we “retired”
    • not adjusted for inflation
  • With recent market gains (late 2023 / early 2024) our net worth is at an all-time high (at least on the random date each year when I wrote this portfolio review)
    • not adjusted for inflation
  • Even after 12 years of living large our net worth has more than doubled

However… inflation

I adjusted all prior years’ data for inflation… this graph is otherwise equivalent to the one which proceeds it.

Here we can see that current net worth is actually about 7.5% below where it peaked in 2021 (which helped motivate me to sell some of the froth to buy a house) and we are up about 1.6x from our staring point. Total inflation over these past 12 years is about 35% ($1 million in 2012 had the equivalent purchasing power of $1.35 million today.)

Other assets

Rewards Points

Not a traditional asset class, but something with real value (not included in charts above.)

Alaska Airlines: 166,940 miles
Amex: 0
Capital One: 0
Citi: 0
Delta Airlines: 17,274
Hilton: 0
IHG: 283.275
Marriott/SPG: 314,613
Ultimate Rewards: 278,320
United Airlines: 0
Total value: $13,037+

This past year we flew to Taiwan for free, had some free hotel nights in Hawaii, and have booked 2 domestic trips and a handful of hotel nights at no cost out of pocket.

For the how and why of earning and spending rewards points, see: Introduction to Travel Hacking – Award Travel Series.

Social Security

At this point I am about 12 years away from being able to collect Social Security.

That has measurable impact on portfolio value today, as much as $1,000,000. That much cheese is kinda hard to ignore, although it is not included in the above charts.


Our spending is up. Markets are up. Our portfolio is up.

It’s nice when that works out.

There is probably something about our investment approach that has staying power – even with some recent inflation – heavy on equities, heavy on US based assets, and heavy on simplicity.

You can’t go wrong tracking your portfolio with Empower (affiliate link)