Coast FIRE: Easiest Path To FIRE

Coast FIRE is when you aim to invest enough money to let it grow without any further contributions and have that money be sufficient to cover a traditional retirement.

What is Coast FIRE?

How Is Coast FIRE Calculated?

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The easiest way to calculate Coast FIRE is to find your FIRE number first. If you anticipate having yearly expenses of $40,000/year in retirement, you would have to save $1 million. FIRE Number = 25 x (Yearly Expenses)

You can invest $90,000 at an early age and let it grow to $1 million using compound interest. Letting $90,000 compound over 35 years at a 7% average yearly return would give you $1 million!  This is why compound interest is the 8th wonder of the world.

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Your Coast FIRE number or the amount will depend on two factors: Yearly Expenses Time Until Retirement

Coast FIRE Calculator

If you are 30 and want to retire at 65, you would have 35 years until retirement. Now we can calculate our Coast FIRE Number: Coast FIRE Number = (Yearly Expenses x 25) ÷ (X) X Depends On Your Time Until Retirement

Let's figure out how much time you have until you want to retire.

Yearly Expenses ($40,000) Time Until Retirement (35 Years) X = 11.5 CoastFI Number = ($40,000 x 25) ÷ (11.5) CoastFI Number = $87,000

Here Is An Example: 

Calculate Your Coast FI Number With My Free Coast FIRE Calculator

Freedom To Design Your Lifestyle Easiest Path To Financial Independence Keeps You Engaged

Benefits of Coast FIRE