![]() Note that in many cases, this number will be less your current spending, because (1) you will be covered by Medicare and (2) you may have paid off your primary residence, so you no longer have to pay a mortgage. Then enter the amount you plan to spend annually in retirement. ![]() On the left, start by entering your current age and the age you plan to retire.This interactive calculator makes it easy to calculate and visualize the growth of your current investments as you plan your journey of Coasting to Financial Independence. ![]() To learn more about the details and math behind Coast FIRE, checkout my post: What is Coast FIRE: The Complete Guide to Coasting to Financial Independence. This strategy of "Coasting to FIRE" gives you the freedom to pursue a different job that pays less, shift to working part-time, or just have more spending money to enjoy life. If you save up and invest enough money early enough in life, you can allow your existing investments to compound over time and grow to be enough to retire on at a traditional retirement age. ![]() Once your net worth has passed the Coast FIRE milestone, you still need to earn enough to cover your monthly cost of living, but you no longer need to save money for retirement. Coast FIRE Calculator - Coasting to FI Visualize and calculate how much you need to "coast" to Financial IndependenceĬoast FIRE is when you have enough in your retirement accounts that without any additional contributions, your net worth will grow to support retirement at a traditional retirement age. ![]()
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