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 Maryland?

Based on Maryland's median household income of $90,200, the FIRE number at a 4% withdrawal rate is $2,255,000 (25x annual income). Adjusted for Maryland's cost of living index of 115, the real purchasing power equivalent is $1,960,870.

How long does it take to achieve FIRE in Maryland?

At a 40% savings rate on Maryland median income, it takes approximately 24 years to reach a FIRE number of $2,255,000 (7% annual growth assumption). At 50%, that drops to about 22 years.

Is Maryland a good state for early retirement?

Maryland has a cost of living index of 115 (100 = national average). At 115, it is above the national average — a higher FIRE number is needed compared to lower-cost states. Maryland has a state income tax of 2%–5.75%.

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 // MD

Maryland FIRE Calculator 2026

FIRE number in Maryland: $2,255,000 (25x median income). Cost of living index: 115/100. State income tax: 2%–5.75%.

Calculate Your FIRE Date

FIRE Number (4% rule)

$2,255,000

Cost of Living Index

115/100

Median Income

$90,200

State Tax

2%–5.75%

Years to FIRE in Maryland at Different Savings Rates

FIRE NUMBER: $2,255,000 — 7% ANNUAL RETURN — $90,200 MEDIAN INCOME

Savings Rate	Annual Savings	Annual Spend	Years to FIRE
20%	$18,040	$72,160	32 yrs
30%	$27,060	$63,140	27 yrs
40%	$36,080	$54,120	24 yrs
50%	$45,100	$45,100	22 yrs
60%	$54,120	$36,080	20 yrs
70%	$63,140	$27,060	18 yrs

FIRE in Maryland: Cost of Living Reality

MD FIRE CONTEXT

Maryland has a cost of living index of 115 relative to the US average of 100. This is above the national average. A FIRE portfolio in Maryland needs to stretch further. Many FIRE practitioners in MD plan for a higher withdrawal need or consider relocating to lower-cost states.

The 4% safe withdrawal rule suggests a FIRE number of 25x annual expenses. At Maryland's median income of $90,200, that is $2,255,000. However, if you plan to spend more (or less) than median income in retirement, scale the number accordingly.

Maryland taxes income at 2%–5.75%. In FIRE, your primary income comes from portfolio withdrawals, dividends, and capital gains. Long-term capital gains in MD are taxed at the same rate as ordinary income, including IRA withdrawals. Factor this into your withdrawal rate planning.

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