6 min read

Planning for Retirement (FIRE)

How to set your retirement age, understand your FIRE corpus number, and track your progress.

1
Navigate to the Retirement page
Click "Retirement" in the left sidebar. This page shows your complete FIRE (Financial Independence, Retire Early) analysis.
2
Set your target retirement age
Use the slider to set the age at which you want to stop working. The default is 60, but you can target earlier (40, 45, 50) if you want financial independence sooner. Every year you move the target earlier increases the corpus needed.
3
Enter your current annual expenses
How much do you spend per year today? FUMONEY inflates this to your retirement year (using 6% general inflation) and then multiplies by 30 to get your required corpus. This is the FIRE number.
Your annual expenses in retirement will likely be different from today. Consider healthcare costs going up and commute costs going down. A 10–15% reduction from current expenses is a reasonable estimate.
4
Understand your FIRE number
Your FIRE corpus is the total amount of money you need invested at the time of retirement to sustain your lifestyle indefinitely. FUMONEY uses the 30× rule: if you need ₹10L/year at retirement, your corpus must be ₹3 Crore (₹10L × 30). This is based on a 4% safe withdrawal rate — a globally accepted standard.
5
Read the Current vs Required breakdown
The page shows: • Required Corpus — your FIRE number (inflation-adjusted to retirement year) • Current Corpus — sum of all your existing investments today • Corpus Gap — what you still need to accumulate • FIRE Progress % — Current ÷ Required × 100
6
Check the required monthly SIP
Below the corpus breakdown, FUMONEY shows the additional monthly SIP you need to invest (in equity) to close the gap by your target retirement age. This assumes 12% equity returns.
This SIP is over and above your existing SIPs. If this number is very high, consider adjusting your retirement age or reducing target expenses.