FIRE Calculator
In brief
Estimate the portfolio needed to cover your entered spending gap and how long a smooth-return scenario could take to reach it. FIRE means Financial Independence, Retire Early; reaching a modeled target does not guarantee retirement security.
- Published
- Last reviewed
Estimated financial-independence target
$0
Current progress
0%
Estimated time
—
Estimated age
—
Projected portfolio in today’s dollars
How the FIRE estimate works
Spending gap: entered annual spending minus entered reliable annual income, never below zero. FIRE target: spending gap divided by the entered initial withdrawal rate. At 4%, this is the spending gap multiplied by 25.
The timeline converts the entered nominal return to an inflation-adjusted annual rate and adds the entered annual contribution at year-end. It stops when the modeled portfolio reaches the target or after 100 years.
This simplified model omits taxes, fees, benefit changes, contribution changes, market volatility, healthcare costs, sequence risk, and account-access rules. Use several scenarios and connect the result to a detailed retirement plan.