FIRE Calculator - Financial Independence Retire Early

Your Financial Situation

Current Age

years

Current Savings

Annual Income (After Tax)

$/yr

Annual Expenses

$/yr

Expected Return

%/yr

Withdrawal Rate

Your Path to Financial Freedom

12.5

Years to Financial Independence

You could quit your job by January 2037

FIRE at age 42

Your FIRE Number

$1,125,000

Annual Savings

$30,000

40%

Savings Rate

You’re saving $30,000 per year – that’s $2,500 per month.

Good Progress

Progress to FIRE Number $50,000 / $1,125,000

Your Wealth Projection

Now FIRE (12.5 yrs) 20 years

FIRE Milestones

Coast

Coast FIRE

Age 38

Stop saving, still retire at 65

Lean

Lean FIRE

8.2 years

$40k/year spending

Regular

Regular FIRE

12.5 years

Current spending level

Fat

Fat FIRE

18.3 years

$80k+/year spending

Savings Rate Impact

Savings Rate Years to FIRE FIRE Age

Monthly Expenses

$3,750

Safe Withdrawal

$45,000/yr

FIRE Fundamentals

Info What is FIRE?

FIRE stands for Financial Independence, Retire Early. It’s about saving aggressively (50-70% of income) to build enough wealth that investment returns cover your living expenses forever.

Your FIRE Number = Annual Expenses x 25. This is based on the 4% safe withdrawal rate – the amount you can withdraw annually without depleting your portfolio.

Types Types of FIRE

Lean FIRE: Minimal expenses (~$40k/year). Requires ~$1M.
Regular FIRE: Comfortable middle-class lifestyle. Requires ~$1-1.5M.
Fat FIRE: Luxurious retirement ($100k+/year). Requires $2.5M+.
Coast FIRE: Save enough that compound growth alone gets you to retirement at 65.
Barista FIRE: Part-time work covers expenses while investments grow.

Math The Math That Matters

Your savings rate is the single biggest factor. Income barely matters – it’s the gap between earning and spending that counts.

At 10% savings rate: ~51 years to FIRE. At 50% savings rate: ~17 years. At 70% savings rate: ~8.5 years. The higher your rate, the faster you’re free.

Warning Reality Check

Healthcare is the biggest wildcard in early retirement. Before Medicare at 65, budget $500-1,500/month for ACA marketplace plans.

Sequence of returns risk: a market crash early in retirement hurts more than one later. Consider a 3-3.5% withdrawal rate for extra safety, or keep 2-3 years of expenses in cash.