FIRE Calculator
Find your financial independence number and when you could retire early
Your Situation
After taxes
Per year, in today's dollars
Return after inflation
4% is the classic rule
Financially independent in
17.8 years
FI number $1,250,000 · around age 48 · savings rate 44%
FI number
$1,250,000
25× your retirement spending
Savings rate
44%
$40,000 saved a year
Years to FI
17.8 years
Coast FI number
$226,613
invested today to reach FI by 65 with no more saving
Years to Financial Independence by Savings Rate
| Savings Rate | Yearly Spending | FI Number | Years to FI |
|---|---|---|---|
| 5% | $85,500 | $2,137,500 | 56.5 years |
| 10% | $81,000 | $2,025,000 | 46.1 years |
| 20% | $72,000 | $1,800,000 | 33.8 years |
| 30% | $63,000 | $1,575,000 | 25.9 years |
| 40% | $54,000 | $1,350,000 | 20.0 years |
| 50% | $45,000 | $1,125,000 | 15.3 years |
| 60% | $36,000 | $900,000 | 11.3 years |
| 70% | $27,000 | $675,000 | 7.9 years |
| 80% | $18,000 | $450,000 | 4.8 years |
| 90% | $9,000 | $225,000 | 2.1 years |
Assumes you spend the same in retirement as you do now, starting from your current savings.
About FIRE
FIRE stands for financial independence, retire early. You are financially independent when your investments can cover your spending indefinitely. With a 4% withdrawal rate, that takes 25 times your yearly spending. The biggest lever is your savings rate, because it both grows your portfolio and lowers the amount you need.
The Formulas
FI number = yearly spending ÷ withdrawal rate
Savings rate = (income − spending) ÷ income
Coast FI = FI number ÷ (1 + r)^(65 − age)
r = real (after-inflation) return; savings are added monthly.
Reach FI Sooner
- •Raising your savings rate helps twice: more invested and less needed
- •Cut the big three first: housing, transportation and food
- •Use tax-advantaged accounts to keep more of your returns
- •A lower withdrawal rate, such as 3.5%, adds a safety margin
- •Part-time work in early retirement reduces the savings you need