Early Retirement Calculator
Find out how soon you can retire early using the FIRE method. Calculate your target retirement number and track progress toward financial independence.
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Frequently Asked Questions
What is the FIRE movement?
FIRE stands for Financial Independence, Retire Early. The core principle is saving 50-70% of income and investing aggressively to build a portfolio large enough to cover living expenses indefinitely. The target is typically 25 times your annual expenses (based on a 4% withdrawal rate). Variations include Lean FIRE (minimal expenses), Fat FIRE (comfortable lifestyle), and Barista FIRE (semi-retirement with part-time work).
How do I calculate my FIRE number?
Your FIRE number is your annual expenses divided by your safe withdrawal rate. With $48,000 annual expenses and a 4% withdrawal rate, your FIRE number is $1,200,000. Reducing expenses directly lowers your target: cutting $500 per month reduces your FIRE number by $150,000. This dual effect of lower spending and higher savings accelerates your timeline.
Is a 4% withdrawal rate safe for early retirement?
The 4% rule was designed for a 30-year retirement. Early retirees with 40-50+ year horizons may want to use a more conservative 3.0-3.5% rate. Historical analysis shows a 3.5% rate has survived virtually every 50-year period. Flexibility is key; being willing to reduce spending during downturns significantly improves portfolio survival odds.
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