Adjust the inputs to see roughly when work could become optional. A tool to think with, not a prediction.
Your age today35
Annual gross income
$/yr
Your total pay before taxes and deductions: salary or wages, plus bonuses, commissions, and any other regular income. The top-line figure, not your take-home.
Savings rate30%
Share of your gross income you save each year.
Savings today
$
What you've already invested toward retirement, in today's dollars.
Your FI target
Income to replace in retirement75%
The share of your gross income you'll want available each year in retirement. 70-80% is the common range, since some costs fall once you stop working and saving.
Annual retirement spending
$/yr
In today's dollars. That's 75% of your gross income.
Your FI number$1,875,000
Financial independence around
age 63
28 years from now
Assumptions: 5.5% average real return (after inflation), a savings rate held steady over time, and a financial independence target of 25× your annual retirement spending (the 4% rule). Everything is in today's dollars. It doesn't account for Social Security or other income, which means your real timeline is likely shorter than what's shown here. Real life varies. Markets fluctuate, rates change, and life happens. Treat the result as a rough landmark, not a forecast.