Chapter 5 of 10 in the Personal Finance Curriculum.
Planning for FIRE
Map out your path to financial independence.
What you'll learn
- What FIRE means and its different flavours
- How to calculate your FI number
- How to stay motivated during the boring middle
- Whether you can coast to FI
Financial Independence, Retire Early (FIRE)
ArticleWhat FIRE actually means and the different flavours of financial independence.
Your FI Number
ArticleHow to calculate the exact portfolio size you need to be financially independent.
FI Number Calculator
Plug in your numbers and find out when you could reach financial independence.
Read the guide
The Boring Middle
ArticleHow to stay motivated during the long stretch between starting and reaching FI.
Coast FIRE Calculator
Find out if you can stop saving and let compound growth carry you to FI.
Read the guide
Financial Independence in the UK: The Brutal Reality
ArticleThe system is designed to keep you working. Here is the maths of escape.
How Much Is Enough?
ArticleThe hardest question in personal finance - when do you stop?
The Connection Between Burnout and FIRE
ArticleWhy burnout drives people to FIRE - and why FIRE alone will not fix what is broken.
Why FIRE Is Harder in the UK Than the US
ArticleLower salaries, higher taxes, fewer shelters - but the NHS and ISA flexibility help.
What Is PovertyFIRE?
ArticleThe most extreme FIRE flavour: retiring at or below the UK poverty line, when it works and where it breaks.
Bridging: ISAs and Pensions to Retire Early
ArticleHow to use ISAs and pensions together to fund early retirement in the UK.
Knowledge check
Test what you learned
1. What does your "FI number" represent?
2. Which factor most directly speeds up the journey to financial independence?
3. "Coast FIRE" describes someone who: