Learn more about career with this collection
How to write an effective resume
How to network and make connections
How to prepare for a job interview
Disclaimer
As with any other one-step financial calculation, the FIRE number math is based on several assumptions and will vary based on your financial situation. Here’s what retirement experts say you need to know to figure out how much money you’ll need to retire.
25
407 reads
MORE IDEAS ON THIS
For adherents to the financial independence, retire early , or FIRE, movement, that figure is much more concrete. “Your FIRE number is the amount of money you need to live on for th...
31
436 reads
The math behind the FIRE number calculation
The FIRE number calculation is rooted in the so-called “4% rule,” which was popularized in an influential 1998 research report known as the “Trinity study.” Included in the research was an examination of past market performance to determine a safe withdrawal rate in retirement.
The conclus...
27
337 reads
Additional Notes
As Sabatier points out, some more recent studies suggest it may be wiser to aim for a lower withdrawal rate if you’re hoping for an extended retirement. Researchers at Morningstar p...
25
291 reads
F I R E
How much money would you need to retire today and never have to work again?
If you’re planning to retire at 65, that figure may seem distant and amorphous. You’re saving as much as you can today so that you can enjoy life as much as possible when you eventually leave your job.
30
675 reads
CURATED FROM
Here's how to calculate how much money you need 'for the rest of your life' after retire
cnbc.com
5 ideas
·2.14K reads
IDEAS CURATED BY
Be prepared for retirement with this simple formula
“
Related collections
Other curated ideas on this topic:
How to retire early
A good early retirement strategy is built on maximizing three aspects: Income, expenses, and savings.
To build your early retirement strategy, you need to determine your retire early or financial independence (FI) number. It is the amount of money you need for work...
Planning for Retirement
What you don’t know is that the earlier you start, the richer you retire. It happens due to the “magic of compounding”.
While planning for retirement, you need to clarify a few points like deciding an age at which you want to retire. Along with that estimate how much money...
Set daily, weekly, monthly, and annual savings goals
Most of the retirement calculators come out with a number you will need to "retire" based on your inputs and current progression. The numbers are so large that they seem impossible to reach and consequently discourage saving.
However, a daily goal is much easier to...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates