CALCMONEY // FIRE // ID
FIRE number in Idaho: $1,622,500 (25x median income). Cost of living index: 98/100. State income tax: 5.8% flat.
Calculate Your FIRE Date$1,622,500
98/100
$64,900
5.8% flat
| Savings Rate | Annual Savings | Annual Spend | Years to FIRE |
|---|---|---|---|
| 20% | $12,980 | $51,920 | 32 yrs |
| 30% | $19,470 | $45,430 | 27 yrs |
| 40% | $25,960 | $38,940 | 24 yrs |
| 50% | $32,450 | $32,450 | 22 yrs |
| 60% | $38,940 | $25,960 | 20 yrs |
| 70% | $45,430 | $19,470 | 18 yrs |
Idaho has a cost of living index of 98 relative to the US average of 100. This is close to the national average. Idaho 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 Idaho's median income of $64,900, that is $1,622,500. However, if you plan to spend more (or less) than median income in retirement, scale the number accordingly.
Idaho taxes income at 5.8% flat. In FIRE, your primary income comes from portfolio withdrawals, dividends, and capital gains. Long-term capital gains in ID are taxed at the same rate as ordinary income, including IRA withdrawals. Factor this into your withdrawal rate planning.