What is FIRE? FIRE stands for Financial Independence, Retire Early. Traditional FIRE focuses on accumulating enough wealth to live off a 4% withdrawal rate indefinitely.
FIRE 2.0: This calculator introduces a new approach. Instead of aiming for endless wealth, FIRE 2.0 plans for your funds to last until a specific age, effectively "zeroing out." This allows you to enjoy your money more freely during your active retirement years. It's about living your best life, not just saving for an unknown future.
Based on your input, you could potentially retire at age .
Your estimated monthly withdrawal amount will be $.