FINANCIAL INDEPENDENCE CALCULATOR
This FIRE calculator helps you determine your financial independence number (also known as your FIRE Number or FI Number), which is the amount of money you need invested to create annual investment returns that will cover 100% of your expenses.
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How to achieve financial independence
Achieving FIRE (Financial Independence, Retire Early) requires a savings and investment plan to retire earlier than you normally would with traditional retirement savings methods.
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If retiring early is something you’re interested in, this FIRE early retirement calculator will help you find out how much you currently spend on expenses and what you need to save to achieve financial independence.
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UNFORTUNATELY you can’t control all the POSSIBLE variables SUCH AS inflation OR investMENT returns, BUT you can control how much money you spend, how much money you save, and how much money you make.
FIRE CALCULATOR
FOR THOSE WHO want to achieve Financial Independence and Retire Early, But doN’T know how much money THEy’ll need to achieve financial independence, THE Financial Independence Calculator will help you figure IT out.
| Financial Independence Calculator (CURRENT OR FUTURE PROJECTIONS) |
|---|
EXPENSES
| Mortgage/Rent | $ | |
| Property Taxes | $ | |
| Maintenance & Cleaning | $ | |
| Home/Renter’s Insurance | $ | |
| Electricity | $ | |
| Oil/Gas | $ | |
| Water/Garbage/Sewer | $ | |
| Phone | $ | |
| Cable/Internet | $ | |
| Other (including vacation and hotels) | $ | |
| Total Housing | - | |
| Car Payment | $ | |
| Maintenance/Repairs | $ | |
| Gas/Oil | $ | |
| License/Registration | $ | |
| Insurance | $ | |
| Bus/Train Fare | $ | |
| Flights (including vacation) | $ | |
| Taxis/Ridesharing | $ | |
| Total Transportation | - | |
| Groceries/Eat at home | $ | |
| Eating Out | $ | |
| Total Food | - | |
| Clothing & Shoes | $ | |
| Jewelry | $ | |
| Dry Cleaning/Laundry | $ | |
| Total Apparel & Services | - | |
| Donations | $ | |
| Other | $ | |
| Total Cash Contributions | - | |
| Health Insurance | $ | |
| Long-Term Care Insurance | $ | |
| Disability Insurance | $ | |
| Medical Expenses | $ | |
| Dental Expenses | $ | |
| Other | $ | |
| Total Healthcare | - | |
| Life and Personal Insurance | $ | |
| Pension & Social Security | $ | |
| Total Insurance & Pensions | - | |
| Events | $ | |
| Memberships | $ | |
| Lessons/Hobbies | $ | |
| Pets | $ | |
| Total Entertainment | - | |
| Tuition | $ | |
| Books/Newspapers | $ | |
| Personal Care | $ | |
| Legal/Accounting Fees | $ | |
| Total All Other Expenditures | - | |
| Federal | $ | |
| State | $ | |
| Local | $ | |
| Total Taxes | - | |
ANNUAL EXPENSES
| Category | You | US Household (2016) |
|---|---|---|
| Housing | - | - |
| Transportation | - | - |
| Food | - | - |
| Apparel/Services | - | - |
| Cash Contributions | - | - |
| Healthcare | - | - |
| Insurance/Pensions | - | - |
| Entertainment | - | - |
| All Other | - | - |
| Taxes | - | - |
| Total | - | - |
$
$
RESULTS
| Your Financial Independence Number: $0 |
|---|
Your recurring income is enough to cover your expenses!
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