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FIRE Calculator to determine when I've reached FIRE

Financial independence

Is there a FIRE calculator or tool that can help me determine when I’ve reached FIRE?

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Diego Lopez

Asked on 12 September 2024

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Barbara Robson

Investor

Thu, 12th September 2024

You could use this retirement drawdown calculator: https://www.noelwhittaker.com.au/calculators/...

You need to know your investment balance, earnings rate and drawdown rate, and estimate an indexation (inflation) rate. Common assumptions are an indexation rate of 2.5% (but that depends on what happens in the economy) and an earnings rate of 5% (but that depends on how you have your money invested as well as what happens in the economy). Your drawdown rate will depend on how much you need or want to live on — don’t forget to include tax.

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