FIRE Calculator (Financial Independence, Retire Early)
Plan your journey to Financial Independence and Early Retirement with comprehensive calculations. Determine your FIRE target number, see how long it will take to reach your goal, and plan sustainable withdrawal strategies. Features inflation adjustment, portfolio growth projections, and retirement income planning.
Frequently Asked Questions
- What is FIRE?
- FIRE stands for Financial Independence, Retire Early. It's a movement focused on extreme savings and investment to allow retirement much earlier than traditional retirement plans.
- What is the 4% rule?
- The 4% rule suggests you can withdraw 4% of your portfolio annually in retirement without running out of money. Your FIRE target is calculated as 25 times your annual expenses (100% ÷ 4% = 25).
- Should I adjust for inflation?
- Yes, inflation adjustment is recommended for long-term planning. A 3% annual inflation rate means your expenses will increase over time, requiring a larger FIRE target for future retirement.
- Is this financial advice?
- No, this calculator is for educational and planning purposes only. Always consult with a qualified financial advisor before making major financial decisions.