FI/RE Awareness and Planning
Two Sides of Fi
Coast FI/Re
Coast FIRE is a financial independence strategy that involves saving and investing early in your career to reach a target amount of savings, then letting your investments grow without additional contributions.
The term "coast" refers to the idea of keeping working after reaching your savings goal, but reducing your hours to just enough to cover living expenses.
Savings goal
The amount you need to save depends on your age, lifestyle, and retirement needs. A common rule of thumb is to save 25 times your annual expenses.
When to stop saving
The goal is to reach a point where your investments' average return is greater than the amount you could save in a year. Once you reach that amount, you can stop saving for retirement.