Coast FIRE Calculator Canada Edition
Figure out how much you need to invest today to hit your retirement goal without another dollar of contributions. Enter your numbers below— takes about 60 seconds.
4%
Safe Withdrawal Rate
7%
Avg. Market Return
25x
Annual Expenses Rule
Historical stock market average: 7-10%
Historical average: 2-3%
Traditional FIRE uses 4%
Your Coast FIRE Number
$329,443
This is the amount you need invested today to reach your retirement goal without any additional contributions.
Retirement Portfolio Target
$3,517,328
Projected at Retirement
$575,308
Years Until Retirement
35 years
Years to Coast FIRE
N/A
Inflation-Adjusted Spending
$140,693/year
Your $50000/year spending today will be equivalent to this amount at retirement due to inflation.
Current Status
-$279,443
Amount needed to reach your Coast FIRE number today.
Your Path Forward
Here are some strategies to help you reach your Coast FIRE goal faster.
Consistent Contributions Matter
Regular monthly investments, even small amounts, can significantly accelerate your path to Coast FIRE through compound growth.
Reduce Expenses
Lowering your expected retirement spending reduces your Coast FIRE target, making it easier to achieve.
Track Your Progress
Use Budgety to monitor your spending and savings rate. Small improvements in savings can make a big difference over time.
Track your finances with Budgety
Reaching Coast FIRE requires consistent tracking and smart money habits. Budgety helps you monitor spending, improve savings, and stay on track toward financial independence.
Track Spending
See where your money goes and find opportunities to save more.
Monitor Cash Flow
Understand your income and expenses to maximize savings rate.
Plan Long-Term
Set and track financial goals on your journey to FIRE.
Understanding Coast FIRE
Everything you need to know about financial independence and the Coast FIRE strategy.
Coast FIRE (Financial independence, Retire Early) is the point where your investments are large enough that compound growth alone will get you to retirement. It's called "coasting" because once you hit the number, you can slow down and stop being anxious about retirement savings.
Once you reach your Coast FIRE number, you only need to cover current expenses. Your investments will grow to your target retirement amount on their own.
Traditional FIRE means you can retire immediately, and you have enough to cover all expenses right now.
Coast FIRE is the step before that. You still work to pay your bills, but retirement savings are done. Most people find Coast FIRE reachable 10–15 years sooner than full FIRE. It's less restrictive and often more achievable.
Compound growth means your investment returns generate their own returns. Over long periods, this creates exponential growth - time is your greatest asset.
Let’s say you have 7% annual returns; whatever you put in it roughly doubles every 10 years. So if you start with $200,000 at age 35 and leave it alone, by 65, it's around $1.5M. The earlier you hit your Coast number, the less you need to save overall.
Canadian retirement planning works differently. CPP and OAS reduce how much your portfolio actually needs to produce. If your pension covers $20,000/year of your projected $50,000 spend, you only need to fund the $30,000 gap. Our retirement calculator with pension inputs accounts for exactly that.
If you're calculating retirement for a couple, the target isn't simply double. A common approach is to calculate combined expenses (which are usually 1.5–1.7× a single person's budget, not 2×), then account for two separate CPP/OAS streams.
P.S: Our retirement calculator for couples is still in the works. For now, you can manage your household finances together with Budgety Squads.
The 4% rule suggests you can withdraw 4% of your portfolio annually with high confidence of not running out of money over 30 years.
This means you need about 25x your annual expenses saved. More conservative approaches use 3-3.5%, while others argue 4.5-5% may be safe.
Your spending level directly determines your FIRE targets. Reducing annual expenses by $10,000 could lower your required portfolio by $250,000 (at a 4% withdrawal rate).
Tracking expenses helps you understand your true cost of living, identify areas to optimize, and accurately project retirement needs. Tools like Budgety make this automatic and painless.
Frequently Asked Questions
Everything you need to know about Coast FIRE and financial independence.
More Financial Tools
Explore our other calculators to take control of your finances.