FIRE (Financial Independence, Retire Early) is a financial movement focused on achieving financial independence and retiring much earlier than traditional retirement age. The FIRE number is the total amount you need to save to sustain your lifestyle without working, calculated using the safe withdrawal rate principle. FIRE enthusiasts typically aim to save 25-30 times their annual expenses to achieve financial independence.
The 4% rule is the most common safe withdrawal rate - it suggests you can withdraw 4% of your portfolio annually in retirement without depleting it over 30+ years. Your FIRE number is calculated as: Annual Expenses ÷ Safe Withdrawal Rate. For example, if you need ₹6,00,000 per year, your FIRE number is ₹1.5 crores (6,00,000 ÷ 0.04). For detailed planning, check our SIP calculator, lumpsum calculator, lumpsum vs SIP calculator, or retirement calculator.
This calculator helps you determine your FIRE number, check if your current savings trajectory will achieve it, and calculate how much you need to save monthly to reach your FIRE goal. The calculator projects your current savings to retirement age using compound interest, compares it with your FIRE number, and calculates the shortfall and required monthly SIP to bridge the gap. Remember, FIRE requires disciplined saving (often 50%+ of income), smart investing in growth assets, and a clear understanding of your expenses and financial goals.
FIRE is achievable through aggressive saving, smart investing, and expense optimization. Key strategies include maximizing savings rate, investing in equity for long-term growth, reducing lifestyle inflation, and tracking progress regularly. However, FIRE requires careful planning for healthcare, inflation, unexpected expenses, and maintaining sufficient buffer for market volatility. Always review your FIRE plan periodically and adjust based on changing circumstances.
Input your current age and target retirement age. This determines how many years you have to achieve FIRE.
Enter your total current savings and investments. This will be projected to retirement age.
Enter your expected monthly expenses in retirement. This is used to calculate your FIRE number.
Enter expected return rate on investments and safe withdrawal rate (typically 4%).
Click "Calculate FIRE Number" to see if your current savings trajectory will achieve FIRE.
Analyze the shortfall (if any) and required monthly investment to achieve your FIRE goal.
FIRE (Financial Independence, Retire Early) is a financial movement where you save aggressively to retire much earlier than traditional retirement age. Your FIRE number is the total amount needed to sustain your lifestyle without working, calculated as:
Use this calculator to determine your specific FIRE number based on your expected expenses and chosen withdrawal rate.
The amount you need depends on:
This calculator projects your current savings growth and calculates if you're on track, plus shows required monthly savings if there's a shortfall.
The 4% rule is a popular safe withdrawal rate strategy for retirement planning: