coast-fire-calculator
coast-fire-calculator
Coast Fire Calculator: powerful financial planning tool
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coast-fire-calculator · 3 months ago
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Coast FIRE Calculator Powerful Financial planning tool
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A Coast FIRE calculator is a powerful financial planning tool designed to help individuals estimate how much they need to invest early in life to "coast" into retirement without making any additional contributions. The concept of Coast FIRE (Financial Independence, Retire Early) revolves around reaching a point where your investments grow on their own to fund your retirement, even if you stop adding money. This calculator takes into account your current age, desired retirement age, expected annual expenses during retirement, investment growth rate, and current savings. It then calculates the total amount you need today so that, with compound interest, your portfolio can grow to meet your future retirement needs. It’s especially useful for those who want to take a more relaxed approach to work later in life without completely retiring early. Whether you're a minimalist, a digital nomad, or just want more flexibility in your career path, a Coast FIRE calculator can help map out your journey to financial freedom.
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