Financial Independence and the FIRE Calculator
Achieving financial independence is possible no matter when you start. Learning the main concepts and using the calculator will help you create a specific plan, so your path to early retirement can be shorter.
Why Everyone Pursuing Financial Independence Needs Solid Financial Education
The bathtub model is one you want to live by. The Net Worthy plan considers the water level in the tub your financial power. More water equals more financial power. Your income is what fills the tub while your expenses drain it. The key to financial independence is to have more coming in than going out. The excess should then be funneled into long-term investments aimed at generating passive income. This could be the aforementioned retirement account with compound interest.

What Is FIRE?
FIRE concepts
Why YOU Need to Use a Financial Independence Calculator


The Bathtub Model
4% Rule


Save Now for Future Benefits
Eliminate Debt


Emergency Fund
Foot on the Gas, Not the Brakes


Passive Income Sources
This Tool Spells Out Financial Independence for You
- It's easy to use. Simply plug in your age along with a few figures and you'll get a result every single time. If you don't like the numbers, or you want to see different scenarios, you can simply change the figures and see new results.
- It's FREE! You can visit this tool over and over again. Try it for yourself then share it with friends and family. Everyone should aim for FIRE.
- It's based on real information. Compound interest is tricky to figure out, but our FIRE calculator uses the most realistic rate of return (averaged over a 40-year period). In case you're wondering, right now that's 10%.
How Does the FIRE Calculator Work?
FIRE Calculator Tool
Featured Chapters

1 – The Million Dollar Plan
Discover step-by-step what goes into making a million dollars and learn the basics in an easy-to-follow plan. This introductory chapter sets the pace for the entire Net Worthy series. Download

2 – The Three-Phase Path to Financial Independence
Three phases: red, yellow and green. These define your path to achieving financial independence. Debt, savings, investing and emergency funds are covered in depth. Download

7 – Long-Term Investing
Whether you're new to investing or an old-hat, this Net Worthy chapter covers different types of short- and long-term investing. Topics include, but aren't limited to 401(k)/TSP accounts, target-date funds, traditional and Roth IRA accounts. Download
Endorsements
“Chris Smith’s Securing Your Financial Future is an easy to understand and enjoyable primer that shows young adults how to create a strong financial foundation for, as the titles says, a secure future”
Melissa Tosetti
Author of Living the Savvy Life

“Were I to recommend justone book for a young person starting his or her financial life, Chris Smith’s Securing Your Financial Future would be it. It will improve both the peace of mind and bottom lines of its recipients, and it may even make them better people”
William J. Bernstein
Author of The Four Pillars of Investing and The Investor's Manifesto

“Chris Smith’s Securing Your Financial Future is an easy to understand and enjoyable primer that shows young adults how to create a strong financial foundation for, as the titles says, a secure future”
Melissa Tosetti
Author of Living the Savvy Life

“Were I to recommend justone book for a young person starting his or her financial life, Chris Smith’s Securing Your Financial Future would be it. It will improve both the peace of mind and bottom lines of its recipients, and it may even make them better people”
William J. Bernstein
Author of The Four Pillars of Investing and The Investor's Manifesto


Melissa Tosetti
Author of Living the Savvy Life

William J. Bernstein
Author of The Four Pillars of Investing and The Investor's Manifesto

Melissa Tosetti
Author of Living the Savvy Life

William J. Bernstein
Author of The Four Pillars of Investing and The Investor's Manifesto
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