FIRE Level Calculator

Answer a few questions and get placed into a level of FIRE! (Financial Independence Retire Early)

FIRE Level Calculator

Enter your current and planned financial future numbers here and we will provide you with your current FIRE Level

Income, Expenses, and Savings

Average Monthly Job Income ($)

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Average Monthly Expenses ($)

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Average Planned Monthly Retirement Expenses ($)

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Current Emergency Fund/Uninvested Savings ($)

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Assets

Liquid Taxable Investment ($)

Retirement Account Investment ($)

Total of all Property Values ($)

Liabilities

Total Property Loans($) Average Property Loan Interest (%)

Total Vehicle Loans($) Average Vehicle Loan Interest (%)

Total Student Loans($) Average Student Loan Interest (%)

Total Credit Card Loans($) Average Credit Card Loan Interest (%)

Total Other Loans($) Average Other Loan Interest (%)

Your FIRE Status

Current Net Worth

Options are:

Non-FIRE Member (yet!)

You currently have too many loans with a high interest rate. These will eat into any savings you have and you should focus on paying these off before focusing on FIRE.

This calculator will tell you that you are a non-FIRE member if you have any loans that have greater than or equal to a 20% interest rate and if that loan is greater than your annual income, your emergency fund, or 10% of all your liquid assets.
Lean FIRE/Barista FIRE/Coast FIRE

You have the ability to retire...with conditions! You may have a high income and live in a high cost of living area, but in retirement you plan on moving to a low cost of living area and taking a lower income job. You may be required to work to meet a portion or all of your current expenses, or maybe your expenses are so low that you won't have to. Either way you are choosing to retire your way!

This calculator will place you in the Lean FIRE if you are not classified as a non-FIRE member, you have an asset safe withdrawal rate of 4% or less in retirement, your retirement expenses are estimated to be approximately 70% or less of current day expenses, and you have an emergency fund of at least 3 months of current day expenses.
Conservative Lean FIRE

This is the same as Lean FIRE, but you are slightly more conservative in your estimations and want to ensure that your retirement is safe. You will have a lower withdrawal rate from your assets and less debt than someone in traditional Lean FIRE.

This calculator will place you in the Conservative Lean FIRE category if you meet all of the aspects of Lean FIRE and you have a safe withdrawal rate of less than or equal to 3%. If you aim for Lean FIRE, it is recommended you aim to be on the more conservative side of the equation.
Regular FIRE

This is the gold standard for FIRE and retiring early. Many people who fit this description aim to change nothing about their current life, but have enough invested that the standard 4% withdrawal rate will suffice to replace their current income. Once you have reached this level, you are truly financially independent and retired. Congratulations!

This calculator will place you in Regular FIRE if all loans under your name have an interest rate of 10% or less, your retirement expenses are expected to be greater than 70% and less than 150% of your current expenses, you have an emergency fund of 6 months of your current expenses, and your safe withdrawal rate is less than or equal to 4% of your total assets.
Conservative Regular FIRE

This is the same as regular FIRE, except your withdrawal rate in retirement will be slightly lower (3% or less) and the only debt you will take on has a low interest rate.

This calculator will place you in the Conservative Regular FIRE category if you meet all of the aspects of Regular FIRE and you have a safe withdrawal rate of less than or equal to 3%. If you aim for Regular FIRE, it is recommended you aim to be on the more conservative side of the equation.
Fat FIRE

You have the ability to retire and also retire your parents. Fat FIRE is living above your current quality of life in retirement. It is usually defined as someone who has so much growing in assets, that their retirement will result in more income than their current job can provide.

This calculator will place you in Fat FIRE only if all your loans are equal to $0 or all loans that you have are at less than 5% interest rate and are at less than 5% of all liquid assets. Your retirement expenses are expected to be greater than 150% of your current expenses and you have saved up an emergency fund of 12 months of your current expenses. Your safe withdrawal rate must also be less than or equal to 4% of your current assets.
Conservative Fat FIRE

You have the ability to retire and will never have to work again. You have achieved all of the financial goals a person could ever reach, and have a lower level of removal than is expected (less than or equal to 3% removal rate of assets).

This calculator will place you in the Conservative Fat FIRE category if you meet all of the aspects of Fat FIRE and you have a safe withdrawal rate of less than or equal to 3%. If you aim for Fat FIRE, it is recommended you aim to be on the more conservative side of the equation.