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FIRE number for $30,000 a year
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$750,000
needed to spend $30,000/year ($2,500/month) at a 4% safe withdrawal rate
By withdrawal rate
| Withdrawal rate | Portfolio needed |
|---|---|
| 3% | $1,000,000 |
| 3.5% | $857,143 |
| 4% | $750,000 |
| 4.5% | $666,667 |
| 5% | $600,000 |
Lower rates are safer for retirements longer than 30 years. Pension or Social Security income reduces the amount you need: subtract it from spending before multiplying.
Years to reach $750,000 (5% real return)
| Annual savings | From $0 | From $100k |
|---|---|---|
| $20,000/yr | 22 years | 18 years |
| $30,000/yr | 17 years | 14 years |
| $40,000/yr | 14 years | 12 years |
| $50,000/yr | 12 years | 10 years |
| $75,000/yr | 9 years | 7 years |
| $100,000/yr | 7 years | 6 years |
Run your own numbers with the FIRE calculator or Coast FIRE calculator.
FAQ
How much do I need to retire on $30,000 a year?
Using the 4% rule you need about $750,000 invested (25 × $30,000). A more cautious 3.5% rate requires $857,143.
How long to save $750,000?
Starting from zero and saving $40,000 a year at a 5% real return takes about 14 years.
Other spending levels
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