Chapter 3 of 5
The FIRE Number
Andy runs the numbers for the first time. At his current savings rate of 28%, he can retire at 52. But if he increases to 40%, it's 46. What would it take to hit 45?
Key Insight
Increasing savings rate from 28% to 40% moves FIRE from age 52 to 46. The extra $1,800/month in savings is the lever.
Model This Scenario