Before using the rule of 25 to calculate your FIRE number, it’s crucial to have a clear understanding of your anticipated retirement spending. While some expenses may decrease in retirement, ...

FIRE Number = Annual expenses in retirement x 25. For example, if you anticipate needing $40,000 per year to cover your living expenses in retirement, your FIRE number would be $1 million ...

The FIRE movement promises a surefire way to help you retire below the national average retirement age of 64 and be financially independent. But first, you should know your FIRE number, or the ...