Quick answer
$50,000 spending at a 4% withdrawal rate needs $1,250,000. Starting with $100,000 and saving $30,000/yr at 7% takes about 20 years.
How it works
Your FIRE number is the portfolio size where a safe withdrawal rate (commonly 4%) covers your annual spending forever. We grow your current savings plus contributions at your expected return until you hit it.
Formula
FIRE number = Annual spending ÷ Withdrawal rate
Assumptions & limitations
- Results are rounded for display.
Frequently asked questions
Why 4%?
The '4% rule' comes from the Trinity Study: historically, withdrawing 4% of a balanced portfolio yearly lasted 30+ years.
Should I include my house?
Only include assets that produce income or can be sold to fund spending.