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MovimentoFIRE FIRE calculator

MovementFIRE

Financial Independence, Retire Early

Objectives for FIRE

€ CHF $ £

Current age

Current heritage Including shares, bonds, savings accounts, ecc.

Average yield % ⓘ Annual return percentage (ROI) on the invested capital.

Monthly revenue ⓘ How much do you earn on average per month (net salary + other sources of income excluding capital gains)

Monthly expenses ⓘ How much do you spend on average in a month (food, rent, bills, ecc.)

Taxes on capital gains % ⓘ In Italy the rate on capital gains is 26%.

Estimated monthly expenses ⓘ How much do you plan to spend per month once you retire.

Inflation rate % ⓘ Average annual inflation rate. See also historical average annual inflation in Italy.

Withdrawal Rate % ⓘ Annual withdrawal rate from invested capital once you retire (SWR).

Estimated annual expenses:
including taxes and inflation ⓘ
Target FI:
x25 x33 x50
Your target should be at least 25 times your expected annual expenses, to be able to apply the rule of 4%. ⓘ

You will reach FIRE in approximately … years, at the age of … years, with a net worth of ~…

By taking the you could generate an initial passive income of .
After 10 years: … (net worth: …)
After 20 years: … (net worth: …)
After 30 years: … (net worth: …)
After 50 years: … (net worth: …)

FIRE Movement Calculation

Calculating your FIRE goals is simple: Estimate how much you will need to live on in a year once you retire and multiply it by twenty-five.

For example:

to retire with €30,000 a year you need €750,000 of capital
to retire with €40,000 a year you need €1,000,000 of capital
to retire with €50,000 a year you need €1,250,000 of capital

Obviously this is a simplified calculation that does not take into account various factors and implies that you apply an annual withdrawal rate of 4% adjusted for inflation (based on rule of 4%).

Based on your personal situation, age, risk tolerance and life expectancy, you may need to adopt a lower or higher withdrawal rate, and therefore you will need more or less capital.

Read also: How much is needed to live on an income?

MovimentoFIRE

The Italian community of the FIRE movement (Financial Independence, Retire Early) to stop working and retire young.

FIRE calculator – How much do you need to live off your income?

MovementFIRE

You will reach FIRE in approximately … years, at the age of … years, with a net worth of ~…

FIRE Movement Calculation

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