Live link: https://myfire.app
MyFire is a minimalistic financial freedom calculator that helps you determine if you can achieve early retirement or FIRE (Financial Independence, Retire Early). This simple, free, and open-source tool uses the Safe Withdrawal Rate (SWR) method to calculate your financial independence.
- Enter your current net worth and expected yearly return on investment.
- Choose a monthly withdrawal rate (1%, 3%, or 4% SWR).
- The calculator projects your portfolio value over time, showing you:
- If your portfolio will last indefinitely
- How long your portfolio will last
- The peak value of your portfolio and when it occurs
The calculation is based on the concept of Safe Withdrawal Rate, adjusted for 3% inflation (which is why withdrawals increase every year).
This app is for educational purposes only and not financial advice. Reality is often more complex and unpredictable than these projections.
If you find a bug or have a suggestion for improvement, please open an issue on the GitHub repository.
Created by Rodolfo Fanti
Inspired by Mr. Money Mustache