diff --git a/links/templates/links/mini_apps/fire_planning.html b/links/templates/links/mini_apps/fire_planning.html index 5b26684..e0aa1e9 100644 --- a/links/templates/links/mini_apps/fire_planning.html +++ b/links/templates/links/mini_apps/fire_planning.html @@ -7,96 +7,99 @@ {% block extra_css %} {% endblock %} {% block content %}
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- FIRE Planning Calculator + When Can I Retire? Early Retirement FIRE Calculator

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- Plan Your Financial Independence and Early Retirement Journey -

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- - Understanding FIRE & The 4% Rule -

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- FIRE (Financial Independence, Retire Early) is a movement focused on achieving financial freedom through aggressive saving and smart investing. -

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- The 4% Rule: Based on the Trinity Study, this rule suggests you can safely withdraw 4% of your investment portfolio annually in retirement, adjusted for inflation, with a high probability your money will last 30+ years. -

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- Your FIRE Target = Annual Expenses × 25 (because 1 ÷ 0.04 = 25) -

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- - Example: If you need A$80,000/year to live comfortably, your FIRE target is A$2,000,000. - At 4% withdrawal, A$2M × 4% = A$80,000 per year. -

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- - Your Financial Details -

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Your current age in years
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Age you want to achieve financial independence
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Investable assets excluding primary residence
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Total net worth including property
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Expected yearly spending after FIRE
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Total yearly income before tax
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Percentage of income saved annually
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Average annual investment return rate
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Expected average annual inflation
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+ + Results update automatically as you type +

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Scenario Analysis

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+ + Net Worth Growth Projection +

- - Compare different return rate scenarios. Historical stock market returns vary, so it's wise to plan for multiple outcomes. - Conservative (6%) = bonds/safer investments, - Neutral (8%) = balanced portfolio, - Optimistic (10%) = aggressive stock-heavy portfolio. + + Green line shows your projected net worth with compound growth. + Red dashed line shows inflation-adjusted FIRE target. + When green crosses red, you've achieved FIRE! 🎉

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- Net Worth Projection vs FIRE Target + Monte Carlo Simulation (Percentile Ranges)

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- Green line: Your projected net worth growth (investments + annual savings × compound returns). - Red dashed line: FIRE target adjusted for inflation. - When green crosses above red, you've achieved FIRE! 🎉 +

+ + This chart shows probability ranges from 100 simulated scenarios with market volatility (±15%). + The shaded bands represent different likelihood outcomes: + 10th-90th percentile (80% of outcomes) and + 25th-75th percentile (50% of outcomes).

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+ In 100 simulations: +
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+ Median time to FIRE: 18.8 years +
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+ 10th to 90th %ile: 15.2 to 24.5 years +
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+ 25th to 75th %ile: 17 to 21 years +
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- Your FIRE progress as a percentage. 100% means you've reached your target! - This shows: (Current Net Worth ÷ Inflation-Adjusted FIRE Target) × 100% +

+ + This shows your progress toward FIRE as a percentage. The calculation is: + (Your Net Worth ÷ Inflation-Adjusted FIRE Target) × 100%. + When you hit 100%, you've reached FIRE!

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Year-by-Year Projection

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- Detailed breakdown of your FIRE journey. - Green rows indicate years where you've achieved FIRE (≥100% progress). +

+ + Detailed breakdown of your journey to FIRE. + Green rows indicate years where you've achieved FIRE (≥100% progress).

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- - Frequently Asked Questions -

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- - Why multiply annual expenses by 25? -

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- The 4% rule (based on historical market data) suggests you can safely withdraw 4% of your portfolio annually. - Since 1 ÷ 0.04 = 25, you need 25 times your annual expenses. For example: need A$60,000/year → target A$1,500,000 portfolio. -

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- - What's a realistic return rate? -

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- Historical stock market returns (S&P 500) average ~10% annually before inflation. After inflation (~2-3%), real returns are ~7-8%. - Conservative investors might use 6%, balanced 8%, aggressive 10%. Diversified portfolios typically aim for 7-9%. -

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- - How does compound growth work? -

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- Each year: New Net Worth = (Previous Net Worth + Annual Savings) × (1 + Return Rate). - Example: Start with A$100,000, save A$30,000/year at 8% return → Year 1: (A$100k + A$30k) × 1.08 = A$140,400. - This compounds over time, creating exponential growth! -

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- - Why does the FIRE target increase over time? -

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- Inflation! A$100,000 today won't have the same purchasing power in 15 years. At 2.5% inflation, A$100,000 becomes ~A$145,000 in 15 years. - The calculator adjusts your target using: Future Target = Current Target × (1 + Inflation Rate)years -

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- - Should I include my home in net worth? -

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- For FIRE calculations, use "Net Worth excl. home" - only investable assets that generate income. - Your primary residence doesn't produce cash flow for living expenses (though it does have value and reduces housing costs). - Track total net worth separately for overall wealth monitoring. -

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- - Important Assumptions & Limitations -

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  • Assumes constant savings rate and income (real life varies!)
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  • Doesn't account for taxes, healthcare costs, or unexpected expenses
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  • Market returns fluctuate - use scenario analysis for different outcomes
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  • Superannuation/401k considerations not included (consult financial advisor)
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  • This is a planning tool, not financial advice - do your own research!
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+ + Understanding FIRE & The 4% Rule +

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+ FIRE (Financial Independence, Retire Early) is a movement focused on achieving financial freedom through aggressive saving and smart investing. +

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+ The 4% Rule: Based on the Trinity Study, this rule suggests you can safely withdraw 4% of your investment portfolio annually in retirement, adjusted for inflation, with a high probability your money will last 30+ years. +

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+ Your FIRE Target = Annual Expenses × 25 (because 1 ÷ 0.04 = 25) +

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+ + Example: If you need A$80,000/year to live comfortably, your FIRE target is A$2,000,000. + At 4% withdrawal, A$2M × 4% = A$80,000 per year. +

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