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FIRE (financial independence, retire early)

Definition

A goal of saving and investing aggressively so that investment income can cover living costs well before a traditional retirement age. A common planning guideline targets about 25 times annual expenses.

Formula

FIRE number ≈ Annual expenses × 25

Example

Spending $40,000 a year implies a FIRE number of about $1,000,000.

Try the numbers

General educational information, not personal financial advice. See our disclaimer.

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