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FIRE Calculator with Pension
Enter your spending, your investments and the pension you expect later in life. You get the age you can stop working and how much sooner that is than without the pension.
Example
With a pension of $12,000 from age 67, someone aged 35 spending $40,000 a year can stop working at 54 with $812,723 invested. Without the pension the target is $1,000,000 and the age is 57.
How the fire calculator with pension works
A pension that starts later reduces what your investments must do. After the pension begins, they only need to cover spending minus the pension. Before that, they must cover everything.
The amount needed at any age has two parts. The first is the long-term part: (spending − pension) / withdrawal rate. The second is a bridge that pays the pension-sized share of your spending from that age until the pension starts.
The bridge shrinks every year you get closer to pension age, so the amount needed falls while your investments rise. You can stop when the two lines on the chart meet.
Common questions
How do I find my expected pension?
Most countries provide a state pension forecast online, and workplace schemes send yearly statements. Enter the amount in today’s money.
Is it safe to rely on a state pension decades away?
Rules and pension ages can change. For a cautious plan, enter a lower pension or a later starting age than the current forecast.
Will stopping work early reduce my pension?
Often, yes. Many state and workplace pensions depend on years of contributions. Check how many qualifying years you need and adjust the pension figure.