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Retirement Calculator

Calculate your financial independence number and determine when you can retire based on your savings rate, expenses, and investment returns.

Retirement & Financial Independence Calculator

Calculate your FIRE number (Financial Independence, Retire Early) and determine when you can retire based on the 4% rule and your savings rate.

Your current age

$

Total savings and investments

$

Your annual income

%

Percentage of income you save

$

Expected annual expenses in retirement

%

Annual withdrawal rate (4% rule standard)

%

Expected investment return rate

Retirement Projection

FIRE Number: $0
Years to Retirement: 0
Retirement Age: 0
Monthly Savings: $0

Savings Growth Over Time

Total Savings
FIRE Number

Understanding Financial Independence

Financial Independence, Retire Early (FIRE) is a movement focused on extreme savings and investment to allow retirement much earlier than traditional retirement age. The core principle is to save enough money to cover your living expenses through investment returns.

The 4% Rule:

The 4% rule suggests you can safely withdraw 4% of your portfolio annually in retirement without running out of money. This means you need 25x your annual expenses saved to be financially independent.

Key Factors:

  • Savings Rate: The percentage of income you save directly impacts how quickly you can retire
  • Investment Returns: Higher returns accelerate your path to financial independence
  • Expenses: Lower expenses mean you need less saved to retire
  • Time: Starting early gives compound interest more time to work

Frequently Asked Questions:

What is a FIRE number?

Your FIRE number is the total amount you need saved to be financially independent. It's calculated as your annual expenses divided by your safe withdrawal rate (typically 4%).

Is the 4% rule still valid?

The 4% rule is based on historical market data and assumes a 30-year retirement. Some experts suggest 3-3.5% for longer retirements or more conservative planning.

How much should I save?

A common FIRE target is saving 50-70% of income, but any increase in savings rate accelerates your path to financial independence. Even saving 20-30% can lead to early retirement.