“Do I have enough to retire?” is a question most people in the FIRE community grapple with, but today, we’re sharing a FREE tool that will help you put this issue to bed! If you’re concerned about running out of money later in life or developing “One More Year Syndrome,” you won’t want to miss this episode!
Welcome back to the BiggerPockets Money podcast! Software engineer Lauren Boland has developed a FIRE calculator that predicts whether your nest egg will be able to support you in retirement. This powerful tool takes dozens of key data points—such as your financial independence number, retirement age, annual expenses, portfolio mix, and historical returns—to simulate multiple retirement scenarios. In this episode, Lauren, Scott, and Mindy are going to walk you through this powerful tool, step-by-step!
Does the four-percent rule still work in 2025? How much do you really need to save for retirement? Whether you’re just starting your quest for FIRE or looking to tweak your investment portfolio as you approach retirement, cFIREsim will show you where you stand and what you might need to adjust to meet your retirement goals!
In This Episode We Cover
A step-by-step walkthrough of Lauren’s FREE cFIREsim tool
How much money you actually need to retire early
Reverse-engineering your financial independence number
Whether you can still retire on the four-percent rule in 2025
How to ensure that your money not only lasts but also grows in retirement
And So Much More!
Links from the Show
Mindy on BiggerPockets
Scott on BiggerPockets
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Email Mindy: Mindy@biggerpockets.com
Email Scott: Scott@biggerpockets.com
BiggerPockets Money Facebook Group
cFIREsim Tool
Lauren’s Bluesky
Social Security Administration
Get to FIRE Faster with Scott’s Book “Set for Life”
Find an Investor-Friendly Agent in Your Area
How Much Do You Need for Early Retirement? (How to Calculate Your FI Number)
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-597
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