FIRE Calculator

FIRE Retirement Calculator

Financial Independence, Retire Early (FIRE) is a movement focused on achieving financial independence and retiring early. Use this calculator to plan and visualise your retirement strategy.You can use your own numbers in the calculator below to see the results below


Starting Balance: Corpus available in the beginning of the year

Annual Withdrawal: Living expense amount being withdrawn in the beginning of the year

Tax+MC levy: Payable tax on the income from investment of the corpus (as per the tax bracket on this link https://www.taxcalc.com.au/)

Ending Balance: Corpus available at the end of the year after paying tax for that year (includes the income from invested corpus and also deducting the living expense withdrawn for the year)

Results

How many years the retirement corpus will last:

Year Starting Balance Annual Withdrawal Balance After Withdrawal Interest Earned Taxable Interest Tax+MC Levy Ending Balance