Financial Independence Calculator
Calculate how long it will take you to reach financial independence based on your income, expenses, and investment returns.
Learn the FIRE framework before you model your numbers:
How much you invest/save per year towards financial independence.
The 4% rule suggests withdrawing 4% of your portfolio annually in retirement.
N/A
Increase savings rate
$0
Based on 4% withdrawal rate
0%
$20,000 / year (after tax)
Monthly Income
$6,667
Monthly Expenses
$3,750
Monthly Contributions
$1,667
100% complete
| Year | Age | Start Balance | Contributions | Growth | End Balance |
|---|
The 4% Rule
You can safely withdraw 4% of your portfolio each year in retirement. Your FI number = Annual Expenses ÷ 0.04.
Savings Rate
The most impactful factor in reaching FI. Increasing your savings rate both grows your investments faster and lowers your FI target.
Compound Growth
Investment returns compound over time. The earlier you start, the more compound growth works in your favour.
Inflation Adjustment
All projections use real (inflation-adjusted) returns so values reflect today's purchasing power.
Not Financial Advice. This calculator is provided for educational and illustrative purposes only. It does not constitute financial, investment, tax, or legal advice. Results are based on simplified models and assumptions that may not reflect your actual financial situation.
No Liability. The creators and operators of this tool accept no responsibility or liability for any loss, damage, or financial consequence arising from the use of or reliance on the information or calculations provided.
Accuracy Not Guaranteed. Tax brackets, benefit thresholds, and other constants are estimates based on publicly available data and may not reflect the most current values. Calculations involve simplifications and may differ from actual CRA assessments.
Canadian Jurisdiction. All tax rules, benefit programs, and financial regulations referenced are specific to Canada. This tool is not applicable to other jurisdictions.
Always consult a qualified financial advisor, tax professional, or legal counsel before making any financial decisions based on these calculations.
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