Planning for Early Retirement (FIRE)
The FIRE (Financial Independence, Retire Early) movement is based on aggressive saving and investing to retire decades before traditional retirement age.
Calculate your required nest egg based on your expected expenses, and model how aggressive savings rates will shorten your timeline to financial independence.
Essential Calculators
Use these tools to run the numbers for this scenario.
Action Plan Checklist
- Calculate your target FIRE number (typically 25x your annual expenses).
- Determine your current savings rate (percentage of income saved).
- Use the savings goal calculator to find out how many years it will take to reach your FIRE number.
Required Reading
Deep dive into the strategies behind this use case.
Key Terminology
Understand the financial and mathematical terms involved.
Frequently Asked Questions
What is the FIRE movement?
Financial Independence, Retire Early. A lifestyle movement focused on extreme savings and investing to achieve early financial independence.