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Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible.
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Whether you are looking for a retirement score or a retirement income calculator, Fidelity's retirement tools & calculators can help you plan for your retirement. Discover the financial guidance to help with your retirement goals.
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After thinking it over, you decide that you would be comfortable living a lifestyle at 70% of your current salary ($35,000) in retirement. Assuming a rate of return on your investments around 4%, you would have to save about $189 per month from now until you turn 67 to retire with a minimal surplus of $2,042.
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Our comprehensive calculators and tools can help support all of your investing needs so you can make smarter, more-informed decisions.
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