How can you determine when you can FIRE? I know 25x is the general rule, but how foolproof is it? - Seedly
 

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FIRE Movement

Asked by Anonymous

Asked 4w ago

How can you determine when you can FIRE? I know 25x is the general rule, but how foolproof is it?

Are there other factors that you should be considering before you potentially FIRE?

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More or less, pretty foolproof, except for the effects of inflation. For example, if you have 1M, based on 4% return, you will get 40k a year, totally live-able in Singapore. This works out to be $3,333 a month, which is roughly a 4k gross monthly income (after you take away 17% CPF, you are left with 3,333).

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