The FIRE Movement Explained

Is Financial Independence Retire Early for you?

Photo by Cullan Smith on Unsplash

Financial Independence Retire Early or FIRE for short is a movement that involves saving around 50–70% of your income in the hopes that you’ll retire before the conventional age of 65.

The idea here is retiring somewhere in your 30s or 40s by saving enough so that you can live one withdrawing about 3–4% of your…