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3 minProject when you could reach financial independence with your current savings plan.
27 years
That puts you at age 61 with $1,375,000, which supports $4,583 a month at a 4% withdrawal rate.
Once you hold $419,667, growth alone gets you to your number by age 65.
You are $299,667 away from that point.
Portfolio against your number
The number itself
$1,375,000
How the withdrawal rate changes it
A lower rate is a bigger portfolio and a longer wait, bought in exchange for more margin against a bad decade.
What moves the date
Your savings rate is 30% of what you spend plus invest. It is the lever with the most leverage, because it raises contributions and lowers the target at the same time.
Keep going
$1,375,000 is the target. Your savings rate is what moves it.
This projection rests on holding a 30% savings rate for 27 years. Fino measures the rate you are actually achieving rather than the one you assumed.
- Real savings rate calculated from your income and spending
- Net worth tracked against the number on this page
- Multi-currency accounts included, if your money spans more than one country
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Estimates are based on the information and assumptions you provide and are for educational purposes only. This is not financial, tax, legal or lending advice.
What this means
- A 4.00% withdrawal rate on $1,375,000 is $4,583 a month before tax, which is what your $55,000 of annual spending needs.
- Coast FIRE is $419,667. Once you hold that much, growth alone gets you to your number by age 65, and contributions become optional.
- Your savings rate is about 30% of what you spend plus save. Savings rate moves this date far more than investment return does.
Assumptions & methodology
- Returns average 6.50% and inflation 2.50%, so the projection grows at a real 3.90% and every figure is in today's dollars.
- Contributions are made at the end of each year and spending stays flat in real terms.
- Taxes, CPP, OAS and other retirement income are not modelled.
- The withdrawal rate is a rule of thumb from historical data, not a guarantee.
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Common questions
What people ask most about the FIRE Calculator.
What is the 4% rule?
It is a withdrawal guideline from 1990s US research suggesting a portfolio could sustain withdrawals of 4% of its starting value, adjusted for inflation, over a 30-year retirement. Inverted, it produces the familiar target of 25 times annual spending.
Does the 4% rule still hold for early retirement?
It should be treated as a starting point rather than a law. The original work assumed a 30-year horizon and US historical returns; someone retiring at 40 needs the money to last far longer, and a poor sequence of returns in the first few years does disproportionate damage. Many early retirees plan at 3.25% to 3.5%, or keep some flexibility in their spending.
What are lean, coast and barista FIRE?
Lean FIRE targets a deliberately minimal spending level, so the number is smaller and reachable sooner. Coast FIRE means you have invested enough that ordinary growth alone will fund a conventional retirement, so you only need to cover current costs. Barista FIRE combines a partial portfolio with part-time work, often for the benefits as much as the income.
Does this projection account for tax?
No, and that gap is significant. Withdrawals from tax-deferred accounts are usually taxable as income, taxable accounts can trigger capital gains, and the mix you hold changes what you actually get to spend. Treat the target as a pre-tax figure and take real advice on the drawdown sequence before relying on it.