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Re:Financial Independence / Retire Early Calculator by gjsman-1000 on Saturday January 01, 2022 @03:27PM (#29762341)
For the uninitiated, this calculator is actually for a broader movement called FIRE (Financial Independence Retire Early). They have subreddits at r/financialindependence and r/fire, and variants for the more ambitious like FatFIRE.

The general FIRE modus operandi is to live very financially frugally for a period of time (several years or more) to save as much money as possible to, well, retire early (or at least be comfortable with a less intensive and lower paying job).

Re:Financial Independence / Retire Early Calculator by loeg on Saturday January 01, 2022 @03:58PM (#29762695)
> The general FIRE modus operandi is to live very financially frugally for a period of time (several years or more) to save as much money as possible to, well, retire early (or at least be comfortable with a less intensive and lower paying job).

This is a subset. The only real mechanism/requirement is saving enough to retire or be financially independent, over whatever timeframe you want. That means typically means 20-30% or higher savings rate on income. One way to increase your savings rate is to have low expenses -- live frugally, as you say. The other way is to have high income.

Re:Financial Independence / Retire Early Calculator by cheschire on Saturday January 01, 2022 @05:24PM (#29763497)
There're several illegal ways as well.
Re:Financial Independence / Retire Early Calculator by loeg on Saturday January 01, 2022 @05:58PM (#29763767)
I think that is already covered under lower your expenses or raise your income.