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Lean FIRE Calculator

Calculate and plan your Lean FIRE progress for free

Your Investment Inputs

Current Net Worth:
$
Expected Annual Return:
%
Additional Contribution:
$
Contribution Growth:
%

Your Lean FIRE Number Inputs

Current Age:
Lean Retirement Annual Spending:
$
Retirement Withdrawal Rate:
%

You will achieve your Lean FIRE goal

Required Wealth for Retirement: $1,250,000

Your Wealth at Retirement: $1,253,634

Retirement Age: 42

Years until Retirement: 12 years

Retirement Month: Jun 2035

YearJanFebMarAprMayJunJulAugSepOctNovDec
2023
-
-
-
-
-
-
-
-
-
-
-
253.11k
2024
256.61k
260.05k
263.6k
267.12k
270.71k
274.27k
277.91k
281.56k
285.19k
288.89k
292.55k
296.5k
2025
300.47k
304.28k
308.3k
312.28k
316.34k
320.36k
324.47k
328.61k
332.71k
336.89k
341.03k
345.49k
2026
349.97k
354.27k
358.8k
363.29k
367.88k
372.42k
377.06k
381.73k
386.35k
391.08k
395.75k
400.77k
2027
405.82k
410.67k
415.78k
420.84k
426.01k
431.13k
436.37k
441.63k
446.84k
452.17k
457.44k
463.09k
2028
468.78k
474.32k
480.08k
485.78k
491.6k
497.37k
503.26k
509.19k
515.06k
521.06k
526.99k
533.35k
2029
539.75k
545.88k
552.36k
558.76k
565.32k
571.8k
578.43k
585.1k
591.7k
598.45k
605.12k
612.27k
2030
619.46k
626.34k
633.62k
640.82k
648.18k
655.47k
662.92k
670.41k
677.82k
685.41k
692.91k
700.93k
2031
709.01k
716.73k
724.9k
732.98k
741.24k
749.42k
757.78k
766.2k
774.52k
783.03k
791.45k
800.45k
2032
809.51k
818.31k
827.48k
836.54k
845.82k
854.98k
864.37k
873.81k
883.14k
892.69k
902.13k
912.22k
2033
922.38k
932.06k
942.33k
952.49k
962.88k
973.15k
983.67k
994.25k
1M
1.02M
1.03M
1.04M
2034
1.05M
1.06M
1.07M
1.08M
1.09M
1.11M
1.12M
1.13M
1.14M
1.15M
1.16M
1.18M
2035
1.19M
1.2M
1.22M
1.23M
1.24M
1.25M
1.27M
1.28M
1.29M
1.31M
1.32M
1.33M
2036
1.35M
1.36M
1.38M
1.39M
1.41M
1.42M
1.43M
1.45M
1.46M
1.48M
1.49M
1.51M
2037
1.53M
1.54M
1.56M
1.57M
1.59M
1.6M
1.62M
1.64M
1.65M
1.67M
1.69M
1.71M
2038
1.72M
1.74M
1.76M
1.78M
1.79M
1.81M
1.83M
1.85M
1.87M
1.89M
1.9M
1.92M
2039
1.94M
1.96M
1.98M
2M
2.02M
2.04M
2.06M
2.08M
2.1M
2.12M
2.15M
2.17M
2040
2.19M
2.21M
2.23M
2.26M
2.28M
2.3M
2.32M
2.35M
2.37M
2.39M
2.42M
2.44M
2041
2.46M
2.49M
2.51M
2.54M
2.56M
2.59M
2.61M
2.64M
2.66M
2.69M
2.72M
2.74M
2042
2.77M
2.8M
2.82M
2.85M
2.88M
2.91M
2.94M
2.96M
2.99M
3.02M
3.05M
3.08M
2043
3.11M
3.14M
3.17M
3.2M
3.23M
3.26M
3.3M
3.33M
3.36M
3.39M
3.42M
3.46M
2044
3.49M
3.52M
3.56M
3.59M
3.63M
3.66M
3.7M
3.73M
3.77M
3.8M
3.84M
3.88M
2045
3.91M
3.95M
3.99M
4.03M
4.07M
4.1M
4.14M
4.18M
4.22M
4.26M
4.3M
4.34M
2046
4.38M
4.42M
4.47M
4.51M
4.55M
4.6M
4.64M
4.68M
4.73M
4.77M
4.81M
4.86M
2047
4.91M
4.95M
5M
5.05M
5.09M
5.14M
5.19M
5.24M
5.29M
5.34M
5.39M
5.44M
2048
5.49M
5.54M
5.59M
5.64M
5.7M
5.75M
5.8M
5.86M
5.91M
5.97M
6.02M
6.08M
2049
6.14M
6.19M
6.25M
6.31M
6.37M
6.43M
6.49M
6.55M
6.6M
6.67M
6.73M
6.79M
2050
6.85M
6.92M
6.98M
7.04M
7.11M
7.18M
7.24M
7.31M
7.37M
7.44M
7.51M
7.58M
2051
7.65M
7.72M
7.79M
7.86M
7.94M
8.01M
8.08M
8.16M
8.23M
8.3M
8.38M
8.46M
2052
8.54M
8.61M
8.69M
8.77M
8.85M
8.93M
9.02M
9.1M
9.18M
9.26M
9.35M
9.43M
2053
9.52M
9.6M
9.69M
9.78M
9.87M
9.96M
10.05M
10.14M
10.23M
10.32M
10.42M
10.51M
2054
10.61M
10.7M
10.8M
10.9M
11M
11.1M
11.2M
11.3M
11.4M
11.5M
11.6M
11.71M
2055
11.82M
11.92M
12.03M
12.14M
12.25M
12.36M
12.47M
12.58M
12.69M
12.81M
12.92M
13.04M
2056
13.16M
13.28M
13.4M
13.52M
13.64M
13.76M
13.88M
14.01M
14.13M
14.26M
14.38M
14.52M
2057
14.65M
14.77M
14.91M
15.04M
15.18M
15.31M
15.45M
15.59M
15.72M
15.86M
16M
16.15M
2058
16.3M
16.44M
16.58M
16.73M
16.88M
17.03M
17.18M
17.34M
17.49M
17.64M
17.8M
17.96M
2059
18.12M
18.28M
18.44M
18.6M
18.77M
18.93M
19.1M
19.27M
19.44M
19.61M
19.78M
19.96M
2060
20.14M
20.32M
20.5M
20.68M
20.87M
21.05M
21.24M
21.42M
21.61M
21.8M
21.99M
22.19M
2061
22.39M
22.58M
22.78M
22.98M
23.18M
23.38M
23.59M
23.8M
24.01M
24.22M
24.42M
24.64M
2062
24.87M
25.08M
25.3M
25.52M
25.75M
25.97M
26.2M
26.43M
26.66M
26.89M
27.12M
27.37M
2063
27.61M
27.84M
28.09M
28.34M
28.59M
28.83M
29.09M
29.34M
29.6M
29.85M
30.11M
-

What Is Lean FIRE (Financial Independence, Retire Early)?

Lean FIRE is a financial independence and early retirement strategy that focuses on living a simpler life and spending less money. By cutting out unnecessary expenses, you can save more and retire early. The simpler explanation for what Lean FIRE really like is that to lower your retirement target, live a minimalist lifestyle and save aggressively.

How Does FIRE Work?

Two key components of FIRE are saving aggressively and investing wisely. By starting saving your income early and investing the sums, compound interest can accelerate the journey to Financial Independence and Retire Early.

How to Calculate Lean FIRE Goal?

Lean FIRE Formula

Calculating your Lean FIRE goal involves determining the required retirement net worth. To achieve this, you need to understand two key components: retirement annual spending and withdrawal rate.

1. Retirement Annual Spending

Retirement Annual Spending is your estimated spending for any given year during retirement. This involves creating a detailed budget that takes into account all your future expenses, including housing, healthcare, travel, hobbies, and any other costs you expect to incur. It's important to be realistic and thorough in this assessment to ensure your retirement years are financially comfortable.

2. Withdrawal Rate

Withdrawal Rate represents the percentage of your net worth that you anticipate withdrawing annually to cover your retirement expenses. A lower withdrawal rate implies a safer and more conservative approach to financial independence, as it reduces the risk of outliving your savings.

The widely accepted safe withdrawal rate is typically between 3% and 4%. This means that for every $1 million in your retirement portfolio, you can withdraw $30,000 to $40,000 annually, assuming a 3% to 4% withdrawal rate.

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