FIRE Calculator
Welcome to the FIRE Calculator, your personal finance tool to help you plan for financial independence and early retirement. Enter your monthly expenses in the categories below to see how much you need to save.
Results
Total Monthly Expenses: $0
Tips for Achieving FIRE
- Track your expenses regularly to identify areas for savings.
- Invest in low-cost index funds to grow your savings over time.
- Consider side hustles to increase your income.
- Set realistic goals and review them periodically.
Frequently Asked Questions
- What is FIRE? - FIRE stands for Financial Independence, Retire Early. It's a movement that encourages saving and investing to achieve financial freedom.
- How do I calculate my FIRE number? - Your FIRE number is typically 25 times your annual expenses. This calculator helps you estimate your monthly expenses.
- Can I achieve FIRE with a low income? - Yes, by reducing expenses and increasing savings, anyone can work towards FIRE.