Coast FIRE Calculator
Determine when your investments can grow to retirement without further contributions
Conservative estimate: 4-6%, Moderate: 6-8%, Aggressive: 8-10%
A Coast FIRE Calculator is a financial tool that helps individuals determine how much they need to have saved and invested to eventually retire without needing to contribute more to their retirement funds. Coast FIRE refers to reaching a point where your investments will grow on their own (due to compound interest) to fully fund your retirement without additional contributions.
How It Works:
- Current Savings: Enter your current investment and retirement savings.
- Target Retirement Goal: Specify how much money you need by retirement.
- Investment Growth Rate: Assumes a reasonable annual return (e.g., 5-8%).
- Years Until Retirement: The number of years left until you retire.
- Inflation Rate: Adjusts for the effect of inflation over time.
The calculator determines whether your current investments will “coast” to your retirement goal without requiring further savings. If you haven’t reached Coast FIRE yet, it shows how much more you need to save.
Why Use a Coast FIRE Calculator?
- Helps assess financial independence progress.
- Lets you see if you can stop actively saving and let investments grow.
- Provides a realistic retirement timeline based on compounding returns.