Financial Independence, Retire Early (FIRE)
Financial Independence, Retire Early (FIRE) describes building investments intended to support spending without relying on employment income.
Savings & retirement
Am I on track for financial independence?
Connect annual spending with a target portfolio and project whether current savings could reach it by the selected age.
✓ 2026 rules · Last verified August 2026 · Based on official Canadian sourcesEstimated financial-independence target
$1,250,000
Planning estimate — not financial advice.
You are on track under these assumptions.Compare the detailed amounts below before deciding.
Projected portfolio at target age$1,288,568
Projected gap to target$0
Target multiple of annual spending25
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Understand the result
Financial Independence, Retire Early
How the estimate is built
Divides target spending by the entered withdrawal rate and compounds current investments plus monthly contributions to the target age.
What to verify
The withdrawal rate is a planning assumption, not a guarantee. Taxes, fees, inflation, public pensions, sequence risk and changing spending require a full retirement plan.
Recommended next step
Continue the same decision
Use the next calculator to check another part of the same financial question.
Registered Retirement Savings Plan at Retirement
Project a Registered Retirement Income Fund withdrawal and remaining balance.
Continue →View every calculator in this category →Helpful answers
Frequently Asked Questions
How much money do I need to retire early in Canada?
The amount depends primarily on annual spending, retirement length, investment return, inflation, taxes and future pensions such as CPP/QPP and OAS. A FIRE calculator estimates a target portfolio rather than assuming one universal number.
What is the 4% rule for FIRE?
The 4% rule is a historical retirement-withdrawal guideline that starts with a withdrawal around 4% of a portfolio and adjusts spending for inflation. It is not a guarantee, and very long early retirements may require more conservative assumptions.
How do I calculate my FIRE number?
A common shortcut divides annual portfolio-funded spending by an assumed withdrawal rate. A more complete calculation also models taxes, CPP/QPP, OAS, other income, inflation and different returns over time.
How long will it take me to reach financial independence?
The timeline depends on your current investments, annual savings, spending target and investment return. Increasing the savings rate can have a double effect because it grows the portfolio faster while potentially lowering the lifestyle cost the portfolio must support.
Can I retire early and still receive CPP and OAS later?
Yes, if you meet the program eligibility rules. An early-retirement plan can bridge the years before government pensions begin and then reduce the amount the investment portfolio must provide once those benefits start.
Official sources and rule record+
Methodology & official sources
How this estimate works
Divides target spending by the entered withdrawal rate and compounds current investments plus monthly contributions to the target age.
The withdrawal rate is a planning assumption, not a guarantee. Taxes, fees, inflation, public pensions, sequence risk and changing spending require a full retirement plan.
ca.expanded.2026.v1 · Effective 2026-01-01 · 2026 rules · Last verified August 2026 · Based on official Canadian sources