The Best FIRE Calculator on the Web
Plan your path to financial independence by calculating exactly how much you need to retire early.
Our tool provides clear insights and projections to help you plan with confidence. Adjust your savings, investments, and lifestyle goals to see when you can quit the 9-to-5 and start living life on your terms! Includes monte carlo simulations for retirement.
FIRE Plan
Your FIRE number is: . You can reach FIRE at age 50 with a portfolio value of You won't be able to FIRE with this financial plan.
What is FIRE?
The FIRE movement (Financial Independence, Retire Early) is a lifestyle and financial
strategy focused on achieving early retirement by saving aggressively, investing wisely, and
living frugally. The goal is to accumulate enough wealth to cover living expenses
indefinitely, allowing individuals to step away from traditional employment decades earlier
than the typical retirement age. The movement emphasizes financial independence as the key
to freedom, giving people the ability to pursue passions, hobbies, or part-time work without
being reliant on a paycheck. There are different variations of FIRE, including Lean FIRE
(minimalist lifestyle with low expenses), Fat FIRE (retiring with a higher, more comfortable
spending level), Coast FIRE (reaching a point where savings can grow on their own without
additional contributions), and Barista FIRE (achieving partial financial independence while
still working part-time). Each path offers flexibility based on personal preferences and
financial goals.
Our FIRE calculator helps you estimate your financial future
by
projecting the growth of your net worth year over year. It takes into account your
current
savings, income, spending, and investment allocations, while factoring in inflation and
salary growth over time. Using realistic, compound growth calculations, the tool shows
how
your portfolio evolves annually, giving you a clear picture of when you might reach
financial independence. With each year, it adjusts your income and expenses based on
your
inputted growth rates, providing an accurate, inflation-adjusted forecast of your
financial
journey.
Monte Carlo Simulation
In 500 random market scenarios, you achieved your FIRE goal of the time.
What is a Monte Carlo simulation for retirement?
A Monte Carlo simulation for retirement is a financial modeling technique that uses random variables to simulate a wide range of potential market scenarios and outcomes. It considers factors like investment returns, inflation, withdrawal rates, and portfolio volatility to estimate how long a retirement portfolio might last or whether it will reach a specific goal. By running hundreds or thousands of simulations, it provides a probability-based success rate, helping retirees and planners understand the likelihood of achieving their financial goals. This approach is useful because it accounts for market uncertainty, offering a more realistic assessment of risk and helping individuals make informed decisions about savings, spending, and asset allocation.