FIRE stands for Financial Independence, Retire Early. The idea is simple: once your invested savings can cover your annual spending, work becomes optional. This projection maps your path over a 30-year horizon based on your savings rate and expected returns.
What is inside
- Inputs for current savings, monthly contributions, and expected return
- A year-by-year balance projection
- Your estimated FIRE number based on annual spending
- The projected year you cross financial independence
How to use it
- Copy the projection from the link below.
- Enter your current invested balance and monthly contribution.
- Set a conservative return assumption (many planners use 5 to 7 percent after inflation).
- Read the year your balance reaches 25 times your annual spending.
Why the savings rate is the lever
The single biggest driver of how soon you reach FIRE is the percentage of income you save, not the size of your salary. Raising your savings rate moves the finish line forward dramatically. Try a few rates in the sheet and watch the target year shift.