Confused about FIRE number calcs with withdrawal rate : r/leanfire …

The Fire Calc is a "discount rate" calculation, which is another term for implied rate of return. This becomes more clear with an extreme example. Enter a withdrawal rate of 50%, for instance, and you'll see that you only need 2x annual expenses to retire. Woohoo! Remember, 25x annual …

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Confused About FIRE Number Calcs With Withdrawal Rate : R/leanfire …

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How To Correctly Calculate Fire Number : R/Fire - Reddit

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The projection calculations are all done in today's dollars. The growth rate is designed to take inflation into account. eg: 10% market minus 3% inflation, use 7% as the growth rate. Part of …

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What Counts In FIRE Number : R/leanfire - Reddit

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What all counts when we say $1mm is my FIRE number. Cash, stocks, house(s) etc? Because what we are factoring makes a big difference. Also, is there any sort of calculator that helps …

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Lean FIRE Calculator : The Fastest Way To Retire Early - Money …

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Mar 21, 2023 · You can change this by changing your withdrawal rate in the calculator to a more conservative 3% and by also creating a sinking fund in your budget to save for planned …

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Lean FIRE Calculator: Retire With A Lean Portfolio

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In summary, their findings suggested that withdrawal rates between 3% and 4% were highly unlikely to deplete portfolios of stocks and bonds over periods ranging from 15 to 30 years. …

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FIRE Early Retirement Calculator: Find Your FIRE Age & Number

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Jul 12, 2023 · Adjust the withdrawal rate: If you want to be more conservative, you might consider a 3.5% or 3% withdrawal rate, which would mean multiplying your annual expenses by 28.5 or …

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What Is Your FIRE Number? : R/leanfire - Reddit

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$2,000,000 is our regular FIRE number. It replaces our living expenses. ... etc in their FIRE calculations. Home equity is included (imo) if you plan on selling your house as part of your …

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Calculator: Financial Independence/Retire Early (FIRE)

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The calculator will estimate how long it will take to reach your FIRE number, which is typically 25 times your annual expenses, based on the 4% rule. Adjust these inputs to see how changes in …

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FIRE (Financial Independence, Retire Early) Calculator

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Oct 3, 2024 · If you have annual spending of $40,000 and adhere to the commonly used 4% safe withdrawal rate, your FIRE number would be: \[ \text{FIRE Number} = \frac{40,000}{0.04} = …

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FIRE Number Calculator: Plan Your Early Retirement

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Aug 19, 2024 · This number is based on your annual expenses and a safe withdrawal rate, typically 4% per year, which is considered sustainable for a 30+ year retirement. How to Use …

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Confused About The Fire Number : R/Fire - Reddit

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But if I use the nerdwallet retirement calculator(non fire) and input my monthly retirement spending as $3333 ($40k/12) with life expectancy of 95 and investment rate of return as 6%, it …

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What Is Lean FIRE? The Minimalist's Way To Retire Early - Financial …

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If I were to Lean FIRE with my wife and son, I would base it on 200% of the Federal Poverty Limit for a household of three. That annual gross income number is $41,560, which tends to rise …

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FAQs about Confused about FIRE number calcs with withdrawal rate : r/leanfire … Coupon?

What is a fire retirement calculator?

The FIRE retirement calculator can help you determine how much money you need to retire earlier than you thought. You’ll also learn at what age you’ll be able to retire (which depends on how much you want to spend each year you’re retired). ...

How do you calculate a lean fire number?

Calculating your Lean FIRE number works the same way as calculating a traditional fire number. Take your annual expenses and multiply them by 25. Once you reach this number you can withdraw 4% per year relatively safely without your portfolio value dropping. Lean FIRE = Annual Expenses In Retirement x 25 ...

Can I retire early based on my Fire number?

Your FIRE number: How much money you need to retire early based upon your current and projected lifestyle. Your FIRE age: When you can retire early based upon your FIRE number and saving rate. Before you begin, note that we provide a lot of leeway in seeing your projected average investment rate of return. ...

Does the fire calculator offer financial advice?

Our FIRE calculator is not financial advice; it is for illustrative purposes only, and the results are estimates. It offers a rough estimate of your retirement needs, but it comes with limitations. For example, it does not anticipate future changes to tax rates or other income sources like pensions and social security. ...

What is a 4% withdrawal rate?

This 4% withdrawal rate was found by the Trinity Study to have a 100% success rate over a 30-year retirement horizon with a 50% / 50% mix of stocks and bonds. How do I calculate my FIRE number? ...

How long does it take to get a fire number?

The number of years until you reach FIRE depends on multiple factors, including your investment return, savings rate, current net worth, inflation, income growth rate, and more. For example, higher investment return and savings rates accelerate your journey to achieving your FIRE number. ...