Do I Have Enough To Retire Early? Find Out With This Fire Calculator | Bigger Pockets Video

Episode #597

Episode Show Notes: link

Join BiggerPockets for FREE 👇
link

Get to FIRE Faster with Scott’s Book “Set for Life”:
link

Find an Investor-Friendly Agent in Your Area:
link

How Much Do You Need for Early Retirement? (How to Calculate Your FI Number):
link

Connect with Scott and Mindy:
Scott: link
Mindy: link

“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!

00:00 Intro
02:05 Lauren’s Money Story
06:20 How to Use cFIREsim
13:07 Entering the Basics
22:25 Retirement Success Rates
27:42 Adding Adjustments
33:52 Tweaking Your Portfolio Mix
38:56 Real Estate Income
46:42 How to Read Your Results
49:12 Connect with Lauren!