Applying the rule of 25, his FIRE number is $1.25 million. To amass $1.25 million in 20 years, Marcos will need to invest about $2,255 a month, assuming an 8 percent return, to reach his goal.

FIRE Number = Annual expenses in retirement x 25 For example, if you anticipate needing $40,000 per year to cover your living expenses in retirement, your FIRE number would be $1 million ($40,000 ...

So if you think you'll need $50,000 per year in retirement, your FIRE number would be $1.25 million. However, it's important to note that the 4% rule was only intended to help your savings last 30 ...

For example, if you anticipate needing $40,000 per year to cover your living expenses in retirement, your FIRE number would be $1 million ($40,000 x 25). Advertising ...