What is FIRE?
FIRE (Financial Independence, Retire Early) means accumulating enough investments that passive income covers your living expenses. Your FIRE number = annual expenses ÷ safe withdrawal rate (typically 4%).
Find your FIRE number and how long until financial independence.
Standard: 4% (Trinity study)
What would make it better?
FIRE (Financial Independence, Retire Early) means accumulating enough investments that passive income covers your living expenses. Your FIRE number = annual expenses ÷ safe withdrawal rate (typically 4%).