Early Retirement Calculator (FIRE)
Calculate your Financial Independence Retire Early (FIRE) number, years to retirement, and required savings rate. Plan your path to financial freedom with our comprehensive FIRE calculator.
Multiple FIRE Types
Choose from Lean, Regular, or Fat FIRE based on your desired lifestyle and spending goals.
Comprehensive Metrics
Track FIRE number, years to retirement, monthly investments, and safe withdrawal amounts.
Growth Projections
Calculate portfolio growth with compound interest and see your path to financial independence.
Frequently Asked Questions
What is the FIRE movement?
FIRE stands for Financial Independence, Retire Early. It is a lifestyle movement focused on extreme savings and investment to achieve financial independence and early retirement, typically in your 30s, 40s, or 50s instead of the traditional retirement age of 65.
How is the FIRE number calculated?
The FIRE number is calculated by dividing your annual expenses by your chosen withdrawal rate. For regular FIRE using the 4% rule, multiply your annual expenses by 25. For example, if you spend $40,000 per year, your FIRE number is $1,000,000.
What is the difference between Lean FIRE, Regular FIRE, and Fat FIRE?
Lean FIRE requires 20x annual expenses (5% withdrawal) for a minimal lifestyle. Regular FIRE uses 25x expenses (4% withdrawal) for a standard retirement. Fat FIRE needs 30x expenses (3.33% withdrawal) for a more comfortable lifestyle with higher spending.
What is the 4% rule?
The 4% rule is a retirement withdrawal strategy that suggests withdrawing 4% of your portfolio in the first year of retirement, then adjusting for inflation each year. This rule is based on historical market data and aims to ensure your money lasts at least 30 years.
How much should I save to retire early?
The amount needed depends on your annual expenses and desired lifestyle. As a general rule, save 25 times your annual expenses for regular FIRE. If you spend $50,000 per year, you would need $1.25 million. Higher savings rates can help you reach this goal faster.
What is a good savings rate for FIRE?
A savings rate of 50% or higher is common among FIRE enthusiasts. The higher your savings rate, the faster you can reach financial independence. A 50% savings rate could allow you to retire in about 17 years, while a 70% rate could reduce that to about 9 years.