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FIRE Retirement Goal Calculator

Estimate the savings needed to achieve Financial Independence, Retire Early (FIRE) based on your annual expenses, savings rate, and investment returns. Calculate your path to early retirement.

FIRE Retirement Goal Calculator

What is FIRE Retirement Goal Calculator?

A FIRE (Financial Independence Retire Early) calculator determines how much you need to save to retire early based on the 4% safe withdrawal rule, calculates years until financial independence, and projects portfolio growth through compound returns. Enter current savings, annual expenses, savings rate, and expected investment returns to see when you can achieve FI (typically when portfolio reaches 25x annual expenses). Incorporates different FIRE levels (Lean FIRE for minimal lifestyle, Fat FIRE for luxury, Barista FIRE for part-time income) and accounts for variables like inflation, market volatility, and changing expenses. Essential for those pursuing early retirement, optimizing savings strategies, and escaping the traditional 40-year work cycle.

Key Benefits & Use Cases

Discover whether early retirement is achievable for you—many people assume it requires millions but can actually reach FIRE with $500K-$1M depending on expenses. Understand the powerful impact of savings rate—increasing from 10% to 30% can reduce working years by a decade or more through both faster accumulation and lower retirement needs. See exactly when you will reach financial independence with current trajectory, motivating consistent saving and investing. Optimize retirement strategy by comparing scenarios—aggressive saving for 10-15 years versus slower path over 20-25 years. Calculate whether Lean FIRE (minimal expenses, quick freedom), Regular FIRE (comfortable lifestyle), or Fat FIRE (luxury living) aligns with your goals. Used by FIRE community members worldwide to track progress, adjust strategies, and achieve financial independence years or decades before traditional retirement age.

How to Use This Calculator

Enter your current investment portfolio value, annual take-home income, annual expenses (be realistic—track spending first), and current savings rate percentage. Input expected investment returns (7-10% historically for stocks, use 7% conservatively). Results show years until FIRE, target portfolio size (typically 25x annual expenses for 4% withdrawal rule), and monthly savings required. Adjust savings rate to see dramatic effects—increasing from 20% to 40% might cut retirement timeline in half. Use different FIRE scenarios: Lean FIRE (25x expenses, minimal lifestyle), Standard FIRE (30x expenses, comfortable), Fat FIRE (40x+ expenses, luxury). Monitor net worth quarterly and adjust projections as income, expenses, and returns change. Remember that FIRE does not mean never working, but having freedom to choose work rather than needing it.

Frequently Asked Questions

Common questions about fire retirement goal calculator

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