Calculators

The idea of achieving financial independence has always intrigued me, and a few years ago I stumbled upon a twist on the traditional FIRE movement that really caught my attention: Barista FIRE. This approach combines the best of both worlds - working part-time in a job you enjoy while still enjoying the benefits of early retirement.

One of the first steps in achieving Barista FIRE is figuring out your numbers! The BARISTA FIRE Calculator is a great tool to start planning your journey to financial independence and retire early. Use this calculator to calculate your Barista FI number and the total years it will take for you to reach it.

If you're like most people, retirement probably feels like a far-off dream. But what if you could retire early, and live life on your own terms much sooner than you think? That's the promise of Lean FIRE, a financial independence strategy focused on achieving financial independence as quickly as possible through aggressive saving and minimalism.

But is Lean FIRE right for you? In this article, I'll break down what LEAN FIRE is, the pros and cons of it, and show you how to calculate your Lean FIRE number.

So if you're ready to take control of your financial future and live life on your own terms, let's dive in!

Do you want to retire early and live a life of financial freedom without sacrificing your luxurious lifestyle? Or maybe you're a lifer New Yorker and just can't imagine ever leaving Manhattan but you want to leave the rate race ASAP.

Enter the Money Optimist FAT FIRE calculator! This simple yet powerful tool can help you determine your financial independence number, how much you need to save, and when you can actually reach your FAT retired life. Whether you're new to the FIRE movement or an avid FIRE-er, the FAT FIRE Calculator is the starting point to unlocking your most optimistic money life.

So let's jump in.

I was a huge fan of the 50/30/20 rule when I first discovered it in my early days of budgeting. Coined by the one and only, Senator Elizabeth Warren, in her book 'All Your Worth: The Ultimate Lifetime Money Plan', this simple budgeting rule provides a very easy to follow rule of thumb when starting to build your budget.

You can use the free 50/30/20 calculator below to calculate your monthly after tax income split between savings and , wants, and needs.

Calculating savings rate is one of the most confusing and common questions clients ask when trying to understand their financial journey. 

How do I calculate savings rate?

Should I use my gross pay or take home?

What about my retirement contributions?

How do I account for my mortgage payment?

The Money Optimist personal savings rate calculator breaks down the process with a few simple inputs to give you the savings amount you need to calculate your financial independence number.

Do you want to retire early but don't know where to start? The Financial Independence Retire Early (FIRE) movement might be the community for you!

But how do you know if you're on track to achieve financial independence and retire early? That's where a FIRE calculator comes in. With just a few inputs, a FIRE calculator can estimate how long it will take you to reach financial independence based on your current net worth, expenses, savings rate, and investment returns.

In this post, we'll explore what a FIRE calculator is, how it works, and why it's an essential tool for anyone who wants to achieve financial independence and retire early. So, let's dive into the world of FIRE!

Imagine waking up every morning to a life without a boss or the 9-5 grind. The freedom to travel, pursue hobbies, and live life on your own terms. This dream can become a reality much sooner than the traditional retirement age and even well before hitting your financial independence number.

COAST Fire gives you the flexibility to pursue financial independence without sacrificing the ability to retire early. It gives you the option to take risks, pursue passions, or simply change how you're trading your time for money now in order to live your most optimistic financial life on your path to FI.

The Coast FIRE Calculator is a great tool to start to plan your journey to financial independence and retire early. Use the Coastfire calculator to calculate your CoastFire number and the total years it will take for you to reach COAST FIRE.