Financial Independence · Retire Early

Part of the Mind Her Money suite →

FIRE Forecast

FIRE means saving and investing enough that you don't have to work for money.

What kind of retirement do you want?

Your employer adds to super$10,800 /yr12% of your salary
Yearly investment growth7.0%

How much your investments grow each year, on average

Your number
$1,500,000
What you need in total — savings plus super — to cover $5,000/month for life (Regular: 25 × your yearly spending).
Save this each month
$478/mo
Put this much each month into savings and investments you can use any time, and you'll get there by age 55. Your super keeps growing from your employer's contributions.
Money needed before super unlocks
$246,012
Savings to live on from age 55 until super becomes available at 60, at $5,000/month.

These are estimates based on what you entered, including a steady yearly growth rate. Real returns go up and down. This isn't financial advice.

Your money over time

How your savings and super grow, then get spent

Savings you can use
Super
Your target

Your milestones

When you're likely to hit each step

  1. Quarter of the way
    Age 40
    $375,000
  2. Halfway there
    Age 47
    $750,000
  3. Three quarters
    Age 52
    $1,125,000
  4. You're free
    Age 55
    $1,500,000
  5. Super unlocks
    Age 60
    You can access super at 60