Freedom Number Calculator

Discover your Freedom Number and achieve Financial Independence

Important: Educational Tool Only

Purpose: This tool is designed for educational purposes only to help you explore the question: "Can I retire early?" It should not be considered financial advice.

Privacy: None of the information you enter is saved, stored, or transmitted anywhere. All calculations happen locally in your browser. When you refresh this page, all data is cleared.

Disclaimer: Please consult with a qualified financial advisor before making investment decisions. Results are estimates based on various assumptions about future market performance.

Discover Your Freedom Number

Your Freedom Number is the amount you need to achieve financial independence. This calculator helps you explore different paths using proven FIRE (Financial Independence, Retire Early) strategies. Enter your financial information below and we'll show you multiple approaches to reach your Freedom Number.

Tip: Try adjusting different parameters to see how they affect your timeline. Small changes in savings rate or expected returns can make a big difference!

Basic Information

Current Age

Target Retirement Age

Life Expectancy

Financial Situation

💡 Tip: Don't know your annual expenses? Take your monthly spending and multiply by 12.

Your Annual Expenses determine your FIRE number. See results below for how different FIRE strategies use this number.

Current Savings ($)

$50,000

Annual Income ($)

$80,000

Annual Expenses ($)⭐

Monthly spending × 12 = Annual expenses

Expected Retirement Expenses (Optional)

If your spending will change in retirement (e.g., less commuting, no mortgage, more travel), enter that amount here. If left blank, we'll use your current annual expenses ($40,000/year).

⚕️ Healthcare reminder: Medicare isn't available until age 65. If retiring earlier, plan for higher healthcare costs (ACA marketplace, COBRA, etc.).

Savings & Contributions

📊 How it works: These contributions continue until you reach your FIRE number. After retirement, contributions stop and you'll live off your portfolio withdrawals.

Savings Rate (%)

Saving $16,000/year

Employer Match (%)

No employer match

Annual Raise (%)

Investment Parameters

Expected Return (%)

During accumulation phase

Return After Retirement (%)

More conservative in retirement

Inflation Rate (%)

Withdrawal Rate (%)

Advanced Scenarios(Optional)

One-Time Windfall ($)

Windfall Year (Years from now)

Social Security Start Age

Social Security Annual Amount ($)

⚠️Disclaimer

This calculator is not a substitute for professional financial advice.

The Freedom Number Calculator is provided as an educational tool and starting point to help you explore different retirement scenarios and understand the potential outcomes of various financial strategies. The calculations and projections shown are based on mathematical models and historical data, but they cannot account for your unique financial situation, goals, risk tolerance, or life circumstances.

This is not financial advice. The results generated by this calculator should not be used as the sole basis for making retirement or investment decisions. Every individual's financial situation is different, and what works for one person may not be appropriate for another.

We strongly recommend consulting with a qualified financial advisor, certified financial planner (CFP), or retirement planning professional who can:

Assess your complete financial picture including assets, debts, income, and expenses
Consider tax implications and optimization strategies for your specific situation
Account for healthcare costs, insurance needs, and estate planning
Help you understand and manage investment risks appropriate to your circumstances
Create a comprehensive, personalized retirement plan tailored to your goals

By using this calculator, you acknowledge that the results are estimates only and that you assume full responsibility for any decisions you make based on the information provided. Past performance does not guarantee future results.