FIRE (Financial Independence, Retire Early) means building enough investments so work becomes optional. In India, rising costs and long lifespans make a clear corpus target essential — guessing "₹2 crore is enough" rarely works.
Core FIRE idea
Estimate annual expenses after financial independence, multiply by 25–30 (years of coverage rule of thumb), adjust for inflation until your target FIRE age, then plan monthly SIP to reach that corpus.
What to include in expenses
- Rent or home maintenance (no EMI if loan closed)
- Food, utilities, insurance, healthcare buffer
- Children education only if before FIRE age
- Travel and lifestyle — be honest, not bare minimum only
India-specific factors
- Medical inflation often exceeds CPI — add buffer
- No universal social security — corpus must self-fund decades
- EPF/NPS may cover part — subtract expected pension leg
Example
₹60,000/month expenses today, FIRE in 15 years at 6% inflation → future monthly need much higher. Corpus target may be ₹3–5 crore+ depending on withdrawal rate — run your numbers in calculator.
Use Master Calc FIRE Calculator with Retirement Planning and SIP Calculator.
Disclaimer: Illustrative planning only. Not financial advice.