How to Calculate
-What it is -What You Need -How to Calculate
What is Coast Fire?
Coast FIRE means you have enough money in your retirement account to have a secure retirement without contributing any additional funds
What do you need to calculate coast FIRE?
Plan for Retirement
Social security, pensions, and 401Ks are all traditional retirement income sources, but you might have a side hustle or other investments as well
How are you going to spend your golden years? Your costs will vary depending on what you are planning to do with your new-found free time
Add up all of your monthly and yearly expenses to see how much your life typically costs per year
What will inflation be like? How much will your medical bills costs? What else don't you know?
Now that you are done gathering all the relevant information
You're ready to make your calculations
3. Calculate your expected pension if your company offers one
4. Add up all of your expenses to see how much it costs you to live each year
5. Add a buffer for assumptions and emergencies
How close are you to