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Financial Independence

Calculate Your FI Number Accurately

By Jonathan Mendonsa

Choose FI has partnered with CardRatings for our coverage of credit card products. Choose FI and CardRatings may earn compensation from card issuers when a customer clicks on a link, when an application is approved, or when an account is opened. Opinions, reviews, analyses & recommendations are the author's alone, and have not been reviewed, endorsed or approved by any of these entities. American Express is a ChooseFI advertiser.

How To Calculate FI Number

Financial Independence Calculator

Calculate when you can achieve financial independence based on the 25x rule and 4% withdrawal rate.

FI Target Date Age
FI Number 25x annual expenses
Monthly Drawdown 4% withdrawal rate

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$$\text{Monthly Expenses} = 4{,}000 \times 12 = 48{,}000$$
$$\text{FI Number} = \frac{48{,}000}{0.04} = 1{,}200{,}000$$

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