Q: <strong>How does Coast FIRE differ from Lean FIRE and Fat FIRE?</strong>

Lean FIRE targets a minimalist lifestyle with lower expenses, while Fat FIRE provides for a more luxurious retirement. Coast FIRE lets you reduce contributions early while relying on investment growth to reach independence.

Question 1

What if my investment growth rate changes?

Accepted Answer

Adjusting the growth rate in the calculator reflects changes in your portfolio’s expected returns. A lower rate might mean needing more initial savings, while a higher rate could help you reach Coast FIRE faster.

Question 2

Can I include my home as an asset in Coast FIRE calculations?

Accepted Answer

Most calculators exclude primary residences as assets since you’ll likely need a place to live in retirement. Focus on investment accounts for a more accurate Coast FIRE projection.

Question 3

How does Coast FIRE differ from Lean FIRE and Fat FIRE?

Accepted Answer

Lean FIRE targets a minimalist lifestyle with lower expenses, while Fat FIRE provides for a more luxurious retirement. Coast FIRE lets you reduce contributions early while relying on investment growth to reach independence.

Question 4

How much should I contribute monthly if I’m not yet at Coast FIRE?

Accepted Answer

The calculator can help determine a target amount based on your goal age, current assets, and desired annual spending. A financial advisor can offer more personalized guidance.

Question 5

How often should I check my Coast FIRE progress?

Accepted Answer

Review your Coast FIRE status annually or after major life changes to ensure you stay on track.

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Day: November 14, 2024

Coast FIRE Calculator: How to Reach Financial Independence with Ease

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