One such plan is fat FIRE which can help you become an early retiree with higher annual living expenses.

Fat FIRE is the method to ensure you have a significant net worth at retirement and typically accumulate 33 times your annual expenses.

How To Calculate Fat FIRE Number

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First, you must know how much you want to spend each year in retirement. The amount you will need to know includes all expenses, the discretionary amount you want to spend, and the amount for luxuries.

The formula to get your Fat FIRE number is Fat Fire number = 33 x (your desired yearly spending).

The Differences Between Lean Fire and Fat Fire

The main difference between Lean Fire and Fat Fire is how much money you need each year for early retirement. Becoming an early retiree will take work and sticking to any plan.

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