🔥 Early Retirement (FIRE) Calculator
Calculate your FIRE number
4% rule is common (safe withdrawal rate)
How to Use This Calculator
Enter Your Age and Retirement Goals
Input your current age and target retirement age. This determines how many years you have to save for early retirement.
Enter Savings and Expenses
Enter your current savings, monthly contribution, and annual expenses in retirement. This forms the basis for FIRE calculations.
Enter Expected Return and Withdrawal Rate
Enter your expected annual return on investments and withdrawal rate (typically 4% - the 4% rule). The 4% rule means you can withdraw 4% of your portfolio annually.
Review FIRE Status
See if you're on track for FIRE, your FIRE number (amount needed to retire), projected savings, and any shortfall. Use this to plan your early retirement strategy.
Formula
FIRE Number = Annual Expenses ÷ Withdrawal Rate
Future Savings = Current Balance × (1 + r)^n + PMT × [((1 + r)^n - 1) / r]
Where:
• Annual Expenses = Expected annual expenses in retirement
• Withdrawal Rate = Safe withdrawal rate (typically 4%)
• PMT = Monthly contribution
• r = Monthly return rate
• n = Number of months until retirement
Example Calculation:
If annual expenses $40,000, withdrawal rate 4%, current savings $100,000, monthly contribution $3,000, return 7%, 15 years:
• FIRE Number = $40,000 ÷ 4% = $1,000,000
• Projected savings: ~$1,250,000
• Status: ON TRACK FOR FIRE!
About Early Retirement (FIRE) Calculator
An early retirement (FIRE - Financial Independence, Retire Early) calculator determines if you're on track to retire early based on your savings rate, expected returns, and expenses. FIRE is a movement focused on achieving financial independence and retiring early by saving and investing aggressively. The calculator uses the 4% rule as a guideline - you can withdraw 4% of your portfolio annually in retirement. This calculator shows you your FIRE number (amount needed to retire), projected savings, and whether you're on track for early retirement.
When to Use This Calculator
- Early Retirement Planning: Plan for early retirement (FIRE)
- FIRE Number: Calculate your FIRE number
- Savings Planning: Plan savings rate for early retirement
- Goal Setting: Set early retirement goals
Understanding FIRE
- FIRE Number: Amount needed to retire (Annual Expenses ÷ Withdrawal Rate)
- 4% Rule: Withdraw 4% of portfolio annually (safe withdrawal rate)
- High Savings Rate: FIRE requires saving 50-70% of income
- Early Retirement: Retire in 40s or 50s instead of 60s
Why Use Our Calculator?
- ✅ FIRE Calculation: Calculate your FIRE number
- ✅ Progress Tracking: See if you're on track for FIRE
- ✅ Savings Planning: Plan savings rate for early retirement
- ✅ Goal Setting: Set early retirement goals
- ✅ 100% Free: No registration or payment required
Frequently Asked Questions
What is FIRE?
FIRE stands for Financial Independence, Retire Early. It's a movement focused on achieving financial independence and retiring early by saving and investing aggressively (typically 50-70% of income). The goal is to accumulate enough savings to cover living expenses using the 4% rule, allowing retirement in your 40s or 50s instead of waiting until your 60s.
What is the 4% rule?
The 4% rule is a guideline for safe withdrawal rates in retirement. It states that you can withdraw 4% of your portfolio in the first year of retirement, adjusted for inflation each year, and your money should last 30 years. For example, with $1 million, you can withdraw $40,000 in year 1, then $40,000 × (1 + inflation) in year 2, and so on. This rule is based on historical stock market returns and is a conservative guideline.
What is a FIRE number?
Your FIRE number is the amount of money you need to retire early. It's calculated as: FIRE Number = Annual Expenses ÷ Withdrawal Rate. For example, if you need $40,000/year and use a 4% withdrawal rate, your FIRE number is $1,000,000. This is the amount you need saved to sustain your lifestyle in retirement.
How do I achieve FIRE?
To achieve FIRE, you need to: (1) Save aggressively (50-70% of income), (2) Invest in low-cost index funds or diversified portfolios, (3) Reduce expenses (live below your means), (4) Increase income (side hustles, career growth), (5) Avoid lifestyle inflation. The key is maximizing your savings rate and investing consistently over time. Use this calculator to see if you're on track!