Interested in Early Retirement or FIRE (Financial Independence to Retire Early)?
Here are some interactive and educational planning tools that I developed to help you understand the concepts of FIRE and calculate how long it will take to achieve retirement and how likely you are to survive retirement. Click on the tools below to try them out.
Financial Independence Calculators
Regardless of where you are on your path to FIRE, there are several types of tools that are useful:
Planning to get to retirement
How long and how safe will your retirement be?
Rich, Broke or Dead? Will your Money Last Through Early Retirement?
Simulating retirement portfolio survival probability and human longevity
Determining the appropriate withdrawal rate (i.e. is 4% best?)
Understanding portfolio simulations and historical cycles
Interactive tool lets you explore the concept of historical simulations and understand how to determine a safe withdrawal rate
Tracking Progress to Retirement Target
Financial freedom calculator / calendar
Track your progress to retirement by calculating days of “freedom”, the number of days your savings could support you per year
These tools all focus on the concept of FIRE. FIRE is the concept that revolves around saving and investing to achieve Financial Independence (FI) and to potentially Retire Early (RE). One of the core concepts is that once you can save up enough money, you can retire by withdrawing a fraction of this money annually to cover your living expenses. Other important topics related to this core concept have to do with reducing spending so you can save money and investing so your money can grow and sustain your retirement over many decades.
Other visualizations and tools related to Financial Independence
These tools relate to taxes and stock market returns.
Calculating Returns from Periodic Investments
Visualizing Market Returns
Understanding Market Timing
How difficult is it to time the stock market?
Market Timing Game
Income Taxes
Tax bracket calculator to visualize how income and capital gains taxed
Income Tax Bracket Calculator
Data Sources and Tools:
See the individual tool to learn more about how it was made.
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