Invested Canadian

FIRE Calculator for Canadians

Find your financial independence number and the age you could reach it, when your portfolio is large enough to fund your spending on its own. Built for Canadians, in today's Canadian dollars.

Build your projection
Adjust the numbers below. Your result and chart update as you type.
Your timeline
years

Your age today, in whole years.

years

How far to run the projection. If you reach FIRE before this age, great; if not, we say so.

Your money
$CAD

Include invested TFSA, RRSP, and non-registered assets; exclude your home and emergency cash.

How you invest
$/ year

What you add each year, in today's dollars.

$/ year

Your desired yearly lifestyle in today's dollars, once retired.

Planning assumptions

Planning assumptions

Examples, not advice
% / year

9% is a conservative long-run estimate for a broad all-equity ETF like XEQT, before inflation. A more diversified or bond-heavy portfolio would use a lower figure. Compare FP Canada's guidelines

% / year

2.5% is a reasonable long-run figure. The Bank of Canada targets the 2% midpoint of a 1% to 3% range. See the target

% / year

Roughly the share of your portfolio you can withdraw each year without eating into your principal over the long run. 3.5% is a cautious baseline; a higher rate needs a smaller portfolio but carries more risk.

These values are saved in this page's URL so the projection is shareable. Avoid sharing the link if the amounts are private.

Projected FIRE age

Age 54

At $20,000 invested per year, your balance first reaches the $1,428,571 FIRE number around age 54. From there, your portfolio could fund your full spending.

Progress to your FIRE number7%
$100,000 invested$1,428,571 needed
FIRE number
$1,428,571
Balance around age 54
$1,501,442
Annual spending
$50,000

Estimate in today's Canadian dollars. Excludes CPP, OAS, workplace pensions, taxes, investment fees, and market volatility.

Reaching your FIRE number
Your position
The crosshair marks the first whole age your projected balance reaches the FIRE number: about age 54.

How the FIRE calculation works

Your FIRE number is your annual spending divided by your withdrawal rate, so $50,000 of spending at a 3.5% withdrawal rate points to a portfolio of about $1.43M. Once your investments reach that size, they could fund your spending without you needing to work.

The projection grows your current investments and contributions at your return after inflation. The first whole age your balance reaches the FIRE number is your projected financial independence age.

A million dollars in 30 years, or in today's money?

A seven-figure FIRE number can feel unreachable, and there is a common objection worth clearing up: a million dollars will not go far by the time I retire. With most retirement math that is true, because the target is quoted in future, inflated dollars. Here it is not. This calculator reports your FIRE number in today's dollars, so inflation is already stripped out of both the target and the projected growth.

Practically, that means a $1.43M FIRE number describes the buying power you have now. You do not need to inflate it in your head for three decades of rising prices, because the projection already grows your savings at the return left over after inflation.

A quick Canadian example

Say you are 30 and expect to spend $50,000 a year in today's dollars. At a 9% nominal return, 2.5% inflation, and a 3.5% withdrawal rate, your FIRE number is about $1.43M. Starting with $100,000 and adding $20,000 a year, this simple model reaches it around age 54.

Choosing long-term assumptions

The 9% nominal return is an editable example, not a forecast. It is a conservative long-run estimate for a broad all-equity ETF like XEQT before inflation. A more diversified or bond-heavy portfolio would use a lower figure. FP Canada's 2026 Projection Assumption Guidelines publish more conservative nominal returns by asset class before fees.

For context, the Bank of Canada's inflation-control target aims for 2% inflation, the midpoint of a 1% to 3% range. Testing a lower return or higher inflation produces a larger number and a later age.

Frequently asked questions

What is FIRE?
FIRE stands for Financial Independence, Retire Early. You reach it when your investment portfolio is large enough to fund your yearly spending on its own, so paid work becomes optional. Your FIRE number is the size that portfolio needs to be.
How is the FIRE number calculated?
It is your annual spending divided by your withdrawal rate. At a 3.5% withdrawal rate, $50,000 of spending points to a portfolio of about $1.43M. The calculator then projects your current investments plus contributions at your return after inflation, and reports the first whole age your balance reaches that number.
What is a safe withdrawal rate?
It is roughly the share of your portfolio you can withdraw each year without eating into your principal over the long run. Many people use 4%, which comes from US research; 3.5% is a more cautious baseline. A lower rate means a larger, safer FIRE number.
What return and inflation should Canadians use?
The calculator starts with a 9% nominal return and 2.5% inflation as editable examples, not recommendations. The 9% is a conservative long-run estimate for a broad all-equity ETF like XEQT before inflation; a more diversified or bond-heavy portfolio would use a lower figure.
Does this account for CPP, OAS, or taxes?
No. Results are shown in today's Canadian dollars and do not include CPP, OAS, workplace pensions, taxes, or investment fees. Government or workplace benefits could reduce what your portfolio has to fund, while taxes could increase it, so treat the result as a planning estimate.
Should my savings be in a TFSA or RRSP?
The calculator can include TFSA, RRSP, and non-registered investments, but it treats every invested dollar the same and does not model account-level tax. TFSA withdrawals are generally tax-free, while RRSP withdrawals are generally taxable, so the same displayed balance in each account does not necessarily provide the same after-tax income.

Compare the FIRE styles

Want a different target? Try a frugal Lean FIRE number or a higher-spending Fat FIRE number. To ease off full-time work sooner, our Coast FIRE and Barista FIRE calculators show two more paths. You can also see how you compare on the Invested Canadian dashboard.