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You Don't Need to Contribute 1 Million to Retire | What is Coast FIRE u0026 How Calculate It

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First Gen Money

How do you know when you're good to stop contributing to your retirement accounts and still be set for retirement? When you hit your Coast FIRE number.

Coast FIRE means you have enough money invested that you no longer need to invest any more to be okay for traditional retirement.

How is that possible? BECAUSE OF COMPOUND INTEREST!

That's why investing is ESSENTIAL to building our wealth. Coast FIRE uses the power of compound interest to grow on its own without additional contributions.

Calculate your Coast FIRE number: https://walletburst.com/tools/coastf...
Calculate how much you need to invest to reach your number: https://www.calculator.net/investment...

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posted by oljeomn9s