FIRE Number Calculator
Enter your yearly spending and desired withdrawal rate to estimate the savings needed for financial independence.
CalcSimpler Examples
- $40,000 yearly expenses at a 4% rate ⇒ $1,000,000
- $60,000 yearly expenses at a 3.5% rate ⇒ $1,714,286
FAQ
What is FIRE?
FIRE stands for Financial Independence, Retire Early.
What does withdrawal rate mean?
It is the percentage of your portfolio you plan to withdraw each year.
Does this account for inflation?
No, it simply divides annual expenses by the withdrawal rate.
Can I use monthly expenses?
Convert monthly expenses to annual figures before using the calculator.
Additional Information
- Assumes your investments grow at least enough to support the chosen withdrawal rate.
- Use a lower withdrawal rate for a more conservative target savings goal.
CalcSimpler