What is an FI number? A Financial Independence (FI) number is used to determine WHEN you will be able to retire. The formula is: (FIRE number) = (annual spending) / 4% 4% is considered the safe withdrawal rate (SWR) or “the estimated percentage of your net worth that you expect …

Financial independence, freedom, and security are all important to your FIRE goals, yet for very different reasons. While being financially independent gives you everything you need to avoid the 9-5 rate race, you may need to rethink how to achieve financial freedom – something that is based on your unique …