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FIRE Calculator India (Financial Independence, Retire Early)

This FIRE calculator for India works out the corpus you need to stop depending on a salary, and the SIP to build it. FIRE means financial independence, retire early: enough invested that withdrawing a small share each year covers your expenses for life. Enter what you spend, when you want to stop working and what you have invested.

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Calculator and results

To stop working at 45 on ₹6,00,000 a year of today's spending, which becomes ₹14,37,935 at 6% inflation, you need a FIRE number of ₹4,10,83,855 at an assumed 3.5% withdrawal rate. At an assumed 12% return that takes a monthly SIP of ₹70,575 for 15 years on top of your current ₹10,00,000.

yrs
yrs
₹

Everything the household spends in a year, including rent, school fees and insurance premiums. Leave out EMIs that end before you stop working.

%

An assumption for your own spending, which may run above the CPI figure.

%

An assumption. Many Indian planners use 3% to 3.5% rather than the US 4% rule because inflation here runs higher.

%

An assumption, not a promise.

₹

Mutual funds, stocks, EPF, PPF and NPS you will draw on. Leave out your home and emergency fund.

FIRE number

₹4,10,83,855

at age 45, ₹1,71,42,857 in today's money

Required monthly SIP

₹70,575

for 15 years

Annual expenses at FIRE

₹14,37,935

₹6,00,000 today

Coast FIRE number today

₹75,05,867

Not reached yet

Current corpus at FIRE age

₹54,73,566

grown at 12%

Or a lumpsum today

₹65,05,867

one-time, on top of your corpus

Coast FIRE is the corpus that, left alone at 12%, grows to your FIRE number by age 45. Once you have it, further saving is optional; you only need to cover today's expenses.

Corpus path to your FIRE age
After 15 years: put in ₹1,37,03,500, fire corpus ₹4,10,84,017.₹0₹2 Cr₹4 Cr₹6 CrYr 051015
Year 15Put in ₹1.37 CrGrowth ₹2.74 CrFIRE corpus ₹4.11 Cr
Year by year
Year by year
YearAgePut in to dateFIRE corpus
131₹18,46,900₹20,24,018
232₹26,93,800₹31,77,089
333₹35,40,700₹44,75,480
434₹43,87,600₹59,37,513
535₹52,34,500₹75,83,817
636₹60,81,400₹94,37,625
737₹69,28,300₹1,15,25,099
838₹77,75,200₹1,38,75,701
939₹86,22,100₹1,65,22,606
1040₹94,69,000₹1,95,03,179
1141₹1,03,15,900₹2,28,59,491
1242₹1,11,62,800₹2,66,38,923
1343₹1,20,09,700₹3,08,94,834
1444₹1,28,56,600₹3,56,87,309
1545₹1,37,03,500₹4,10,84,017

Saved scenarios stay in this browser only. No sign-up.

FIRE number

₹4,10,83,855

SIP ₹70,575/mo
What it is:
A financial independence and early retirement (FIRE) calculator for Indian households.
What it calculates:
Your FIRE number at the target age, the monthly SIP to reach it, and the Coast FIRE number you would need today.

Key Assumptions

  • Expenses rise at a constant inflation rate until FIRE.
  • The safe withdrawal rate is an assumption; 3.5% is the default, not a guarantee the money lasts.
  • Investments grow at a constant pre-FIRE return; SIP instalments are invested at the start of each month.
  • Tax on withdrawals, health insurance after leaving an employer and large one-off costs are not modelled separately.

How does the FIRE Calculator work?

Your annual expenses are grown at the inflation rate you enter until your target FIRE age. That is what a year of the same lifestyle will cost when you stop working.

The FIRE number is those expenses divided by the safe withdrawal rate. At 3.5%, the corpus is about 28.6 times a year's expenses; at 4% it is 25 times. The withdrawal rate is the share of the corpus you take out in the first year, with later withdrawals rising with inflation.

The default is 3.5% rather than the 4% rule often quoted from US studies. Those studies used US inflation and market history; inflation in India has usually run higher, so withdrawals rise faster, and an early retiree's money must last longer than a conventional 30-year retirement. Many Indian planners use 3% to 3.5% for that reason. It is an assumption, not a rule.

Your current corpus is grown at the pre-FIRE return and subtracted. The monthly SIP for the rest is solved with the same start-of-month convention as our SIP calculator and rounded up to the next rupee.

The Coast FIRE number is the corpus you would need today for it to grow, with no further investing, to your FIRE number by your FIRE age. If you have it already, you only need to earn enough to cover current expenses.

Worked example: a 30-year-old spending ₹50,000 a month (₹6,00,000 a year) who wants to retire at 45. At 6% inflation, a year's expenses at 45 will be ₹14,37,935. At a 3.5% withdrawal rate, the FIRE number is ₹4,10,83,855, about ₹4.1 crore, or ₹1.71 crore in today's money. With ₹10,00,000 already invested and 12% expected returns, the SIP needed is ₹70,575 a month. The Coast FIRE number is ₹75,05,867: with that much invested today, no more saving would be needed.

The withdrawal rate changes the target a lot. The same ₹6,00,000 of yearly expenses needs ₹1.71 crore in today's money at 3.5%, but ₹1.5 crore at 4%. In India, where inflation has usually been higher than in the US and an early retirement can last 40 to 50 years, 3% to 3.5% is the safer choice.

Plan for the costs that arrive once you leave a job: your own health insurance (check with the Health Insurance Calculator), children's education and big one-off purchases. Once you reach the corpus, a SWP from mutual funds is a common way to draw a monthly income. If you plan to keep working part time, see the Barista FIRE Calculator; to stop saving now and let the money grow, see the Coast FIRE Calculator.

FIRE number by monthly expenses (retiring in 15 years)

Monthly expenses todayFIRE number today at 3.5%FIRE number today at 4%FIRE number in 15 years at 3.5%Monthly SIP from zero at 12%
₹30,000₹1.03 crore₹90 lakh₹2.47 crore₹48,854
₹50,000₹1.71 crore₹1.50 crore₹4.11 crore₹81,423
₹75,000₹2.57 crore₹2.25 crore₹6.16 crore₹1,22,134
₹1,00,000₹3.43 crore₹3.00 crore₹8.22 crore₹1,62,846
₹1,50,000₹5.14 crore₹4.50 crore₹12.33 crore₹2,44,268

FIRE number = yearly expenses ÷ withdrawal rate. The 15-year figures assume 6% inflation; the SIP assumes nothing invested today and 12% a year before retirement. Returns are not guaranteed.

FIRE Calculator formula

FIRE number = E x (1 + f)^t / w; Coast FIRE = FIRE number / (1 + r)^t

E
= annual expenses today
f
= inflation per year, as a decimal
t
= years to FIRE = FIRE age - current age
w
= safe withdrawal rate, as a decimal (3.5% = 0.035)
r
= expected annual return before FIRE, as a decimal

Required SIP = (FIRE number - current corpus x (1 + r)^t) / ([((1 + i)^n - 1) / i] x (1 + i)), with i = r / 12 and n = t x 12.

FIRE Calculator: worked example

Age 30, aiming for FIRE at 45, spending ₹6,00,000 a year, ₹10,00,000 invested

Expenses at 45 (6% inflation)
₹14,37,935
FIRE number at a 3.5% withdrawal rate
₹4,10,83,855
FIRE number in today's money
₹1,71,42,857
Current corpus grown at 12%
₹54,73,566
Required monthly SIP
₹70,575
Coast FIRE number today
₹75,05,867

FIRE Calculator: frequently asked questions

What is a FIRE number?
It is the corpus at which your investments can pay for your expenses indefinitely, so working becomes optional. It is your annual expenses at the time you stop working divided by the withdrawal rate you are comfortable with: at 3.5%, about 28.6 times a year's expenses.
Why 3.5% and not the 4% rule?
The 4% rule came from studies of US market returns and US inflation over 30-year retirements. In India inflation has usually been higher, so each year's withdrawal grows faster, and someone retiring at 40 or 45 may need the money to last 40 to 50 years. A lower rate builds in a margin for both. Treat 3% to 3.5% as a cautious assumption, and test 4% to see the difference.
What is Coast FIRE?
Coast FIRE is the point at which your existing investments, left alone, will grow to your FIRE number by your target age. After that you only need to earn enough to cover today's expenses; any further saving brings the date forward. The calculator shows the Coast FIRE number today and whether your current corpus has reached it.
What should count as my expenses?
Everything the household spends in a year: rent or maintenance, food, school fees, travel, insurance premiums and an allowance for irregular costs like a car replacement. Leave out loan EMIs that will end before you stop working, and add health insurance you will have to buy once you leave an employer's cover.
Should my EPF, PPF and NPS count towards the corpus?
Count what you can actually draw on. EPF and PPF balances are usually available, subject to their withdrawal rules. NPS is different: withdrawing before 60 is restricted and part of the corpus has to buy an annuity, so many people count it only towards the years after 60.
Is this the same as the retirement calculator?
They answer related questions differently. The retirement calculator plans for a retirement that ends at a chosen life expectancy, using a post-retirement return. The FIRE calculator uses a withdrawal rate meant to make the corpus last indefinitely, which is the safer framing when retirement could run for 40 years or more.
How much money do I need to retire early in India?
About 28 to 33 times your yearly expenses at the time you stop working, using a 3% to 3.5% withdrawal rate. For ₹50,000 a month today, that is about ₹1.7 crore in today's money, or about ₹4.1 crore if you retire in 15 years with 6% inflation.
Is ₹1 crore enough to retire in India?
Only for modest expenses. At a 3.5% withdrawal rate, ₹1 crore supports about ₹3,50,000 a year, or ₹29,000 a month, rising with inflation. For most urban families retiring before 60, it is not enough.

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Reviewed by Pradipta Ray, MBA (Finance) · Updated