About this template
Financial independence, retire early (FIRE) starts with one number: how much you’d need invested for your portfolio to cover your spending. This workbook calculates that FI number from your spending and withdrawal rate, shows how far along you are, and estimates how many years it could take to get there.
Enter your age, investable assets, spending, income, savings rate and return assumptions. The workbook projects your portfolio year by year in today’s dollars, estimates your FI age, and — if you set a target retirement age — shows whether you’re on track and the annual contribution that would get you there. Every result is an illustrative estimate, not a promise.
Who it's for
- Anyone pursuing financial independence or early retirement
- Savers who want to see how their savings rate affects their timeline
- Couples planning a shared retirement goal
What's included
- Inputs for age, optional target retirement age, assets, spending, income, savings rate, contributions, return, inflation and withdrawal rate
- FI number, progress toward FI and estimated annual contribution
- Estimated years to FI and financial-independence age
- On-track check for a target retirement age, with the contribution needed to get there
- 60-year projection table with contributions, withdrawals, growth and phase
- Projection chart of your portfolio against your FI number
How to use it
- 1
Open the Plan sheet and replace the example inputs with your own numbers.
- 2
Choose conservative return, inflation and withdrawal-rate assumptions.
- 3
Optionally add a target retirement age to see whether you’re on track.
- 4
Review your FI number, progress, years to FI and FI age on the Dashboard.
- 5
Revisit your inputs at least once a year and test different savings rates.
