Retirement is an inevitable milestone that can be as daunting as it is exciting for firefighters. The transition from a high-stakes, purpose-driven career to a life of leisure can be the ...

Typical FIRE advice says you should save at least 50% of your salary for retirement each year. Some goes as far as to say 75% ...

When it comes to considering early retirement, many individuals might think about retiring in one's late 50s or early 60s. But for followers of the Financial Independence Retire Early (FIRE ...

Proponents of Fat FIRE often set a goal of spending at least $100,000 a year in retirement. Lean FIRE takes a more frugal approach, living off $40,000 or less in early retirement.

FIRE stands for financial independence, retire early. FIRE is a movement to stop working well before the standard retirement age. Achieving FIRE often requires making significant lifestyle changes ...

Using the 4% safe withdrawal rate mentioned earlier, every $1 earned outside of our portfolio is equivalent to reducing our retirement portfolio by $25. This is based on the same math as the 4% ...

So if you think you'll need $50,000 per year in retirement, your FIRE number would be $1.25 million. However, it's important to note that the 4% rule was only intended to help your savings last 30 ...

Financial Independence, Retire Early (FIRE) is a movement dedicated to living frugally to retire at a young age. FIRE devotees aim to save at least 25 times their annual expenses.

Coast FIRE: Saving and investing enough that you no longer need to make any contributions and can coast into retirement by the conventional age of 65. This method is best for those who aren't ...