What is the FIRE number and how is it calculated?

Your FIRE number is the investment portfolio size needed to sustain your annual expenses indefinitely. It is calculated by multiplying your annual expenses by 25 (based on the 4% safe withdrawal rate). For example, if you spend $50,000 per year, your FIRE number is $1,250,000.

What is the 4% rule for retirement?

The 4% rule states that you can withdraw 4% of your portfolio in the first year of retirement and adjust for inflation each year, with a high probability of your money lasting 30+ years. It is based on the Trinity Study using historical US stock and bond returns. Some financial planners now recommend 3.5% for extra safety.

How much do I need to save each month to retire early?

The amount depends on your current age, target retirement age, current savings, expected investment returns, and annual expenses in retirement. Our FIRE calculator computes your exact monthly savings requirement. Generally, FIRE adherents save 50-70% of their income to retire in 10-15 years.

What is the FIRE number in Florida?

Based on Florida's median household income of $67,900, the FIRE number at a 4% withdrawal rate is $1,697,500 (25x annual income). Adjusted for Florida's cost of living index of 103, the real purchasing power equivalent is $1,648,058.

How long does it take to achieve FIRE in Florida?

At a 40% savings rate on Florida median income, it takes approximately 24 years to reach a FIRE number of $1,697,500 (7% annual growth assumption). At 50%, that drops to about 22 years.

Is Florida a good state for early retirement?

Florida has a cost of living index of 103 (100 = national average). At 103, it is above the national average — a higher FIRE number is needed compared to lower-cost states. Florida has no state income tax, which helps preserve portfolio withdrawals.

Not Financial Advice. CalcMoney provides calculators for educational and planning purposes only. Results are estimates and do not constitute financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Terms apply.

CALCMONEY // FIRE // FL

Florida FIRE Calculator 2026

FIRE number in Florida: $1,697,500 (25x median income). Cost of living index: 103/100. No state income tax.

Calculate Your FIRE Date

FIRE Number (4% rule)

$1,697,500

Cost of Living Index

103/100

Median Income

$67,900

State Tax

None

Years to FIRE in Florida at Different Savings Rates

FIRE NUMBER: $1,697,500 — 7% ANNUAL RETURN — $67,900 MEDIAN INCOME

Savings Rate	Annual Savings	Annual Spend	Years to FIRE
20%	$13,580	$54,320	32 yrs
30%	$20,370	$47,530	27 yrs
40%	$27,160	$40,740	24 yrs
50%	$33,950	$33,950	22 yrs
60%	$40,740	$27,160	20 yrs
70%	$47,530	$20,370	18 yrs

FIRE in Florida: Cost of Living Reality

FL FIRE CONTEXT

Florida has a cost of living index of 103 relative to the US average of 100. This is close to the national average. Florida offers a typical cost structure — housing and expenses track closely to US median.

The 4% safe withdrawal rule suggests a FIRE number of 25x annual expenses. At Florida's median income of $67,900, that is $1,697,500. However, if you plan to spend more (or less) than median income in retirement, scale the number accordingly.

Florida has no state income tax. Roth conversions, capital gains distributions, and IRA withdrawals all avoid state tax in FL. This makes Florida one of the most FIRE-friendly states from a tax perspective.

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