Coast FIRE Calculator
Use this calculator to determine your Coast FIRE number and estimate how long you need to invest to reach it. Coast FIRE is a financial independence milestone where you have enough invested that it will grow to your retirement number on its own, without needing further contributions.
Understanding Coast FIRE and Financial Independence
Coast FIRE is a powerful strategy on the path to financial independence. Unlike traditional FIRE (Financial Independence, Retire Early), Coast FIRE doesn't require you to save enough to cover all your expenses immediately. Instead, you save and invest a certain amount until your investments are projected to grow to your full retirement number by your desired retirement age, without any further contributions.
How This Coast FIRE Calculator Helps You
Our Coast FIRE calculator simplifies the process of understanding how much you need to invest and for how long to reach this crucial milestone. By inputting your current age, desired retirement age, estimated annual expenses, current savings, and expected investment return, you can get a clear picture of your Coast FIRE number and the timeline to achieve it.
Benefits of Planning for Coast FIRE
- Reduced Pressure: Knowing your Coast FIRE number can alleviate the pressure of continuous high savings rates.
- Flexibility: Once you reach Coast FIRE, you may have the flexibility to pursue passion projects, switch to lower-paying but more fulfilling work, or simply enjoy more of your present without the constant need to aggressively save.
- Early Financial Security: It provides a sense of security knowing your future retirement is being taken care of by the power of compounding.
Key Factors in Coast FIRE Calculation
The accuracy of your Coast FIRE calculation depends on several factors, including your estimated annual expenses in retirement and the assumed rate of return on your investments. It's important to consider potential inflation and adjust your estimates accordingly. This calculator provides a starting point for your financial planning.
Start Your Coast FIRE Journey Today
Use our free Coast FIRE calculator to take the first step towards understanding your financial independence goals. By planning strategically, you can pave the way for a more secure and flexible future.