Frequently Asked Questions

Answers to the most common questions about FIRE and MyFireView.

FIRE Basics

Calculations

Strategies

MyFireView

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MyFireView — FIRE Calculator & Financial Independence Planner

Calculate your FIRE number, forecast your retirement date, compare retirement scenarios, and track your path to financial independence. MyFireView is a free bilingual (EN/NL) planning suite for the FIRE community.

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Frequently Asked Questions

FIRE Basics

What is FIRE?

What is a good savings rate?

Why is my savings rate important?

Can I retire early with an average income?

Why does spending less often have a bigger impact than investing more?

Calculations

How much money do I need to achieve FIRE?

How is my FIRE number calculated?

What is the 4% rule?

What is a safe withdrawal rate (SWR)?

Should I include my home value in my FIRE calculation?

How does inflation affect FIRE?

What return assumptions should I use?

Strategies

What is Coast FIRE?

What is Barista FIRE?

What is Lean FIRE?

What is Fat FIRE?

What is Traditional FIRE?

Can I retire early without becoming fully FIRE?

How can I reach FIRE faster?

MyFireView

How accurate are FIRE calculators?

How is my FIRE date calculated?

Is MyFireView financial advice?