FIRE Calculator: When can I retire early?

Engaging Data’s FIRE (Financial Independence, Retire Early) Calculator is an interactive tool designed to help individuals plan for early retirement. It calculates the number of years it will take to accumulate enough savings to retire, based on various inputs such as annual income, spending, income growth rate, expected annual spending in retirement, and asset allocation.

Key Features of the FIRE Calculator:

Modes of Calculation: The calculator offers three modes: fixed-percentage real return rates, historical series of real returns, and Monte Carlo simulations to account for variability in future returns.

Visualization: It provides a visual representation of how many years until you can retire, allowing users to adjust inputs and see the impact on the retirement timeline.

Privacy: No information entered into the calculator is transmitted to a server; all calculations are performed within the user’s browser.

Additional Tools and Features:

Post-Retirement Calculator: Engaging Data also offers a “Rich, Broke or Dead?” calculator, which simulates post-retirement financial outcomes to assess the longevity risk of retirement savings.

Collection of Tools: There is a suite of calculators and tools related to financial independence and early retirement, including those that help determine appropriate withdrawal rates and understand portfolio simulations.

Sharing Scenarios: Users can generate a URL to share specific scenarios with others.

Additional Income and Expenses: The calculator allows for the addition of multiple income and expense streams with starting and ending dates, adjusted for inflation.