How to Know When You Can Stop Saving So Aggressively

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Understanding and Calculating Your Coast FIRE Number

In this episode of The Retire Early, Retire Now podcast, host Hunter Kelly, delves into the concept of Coast FIRE (Financial Independence Retire Early) and how to calculate your Coast FIRE number. The discussion covers the essentials of Coast FIRE, the importance of balancing immediate financial needs with long-term retirement goals, and the steps involved in reaching your Coast FIRE number. Hunter explains how to determine your retirement spending goal, apply the 4% rule, and calculate present and future values. Additionally, he emphasizes the need for periodic reassessment of goals, managing lifestyle inflation, automating savings, and mitigating risks such as market volatility and inflation. By the end of the episode, listeners will have a comprehensive understanding of Coast FIRE and actionable steps to achieve financial flexibility and independence.

00:00 Introduction to Coast Fire
01:53 Understanding Coast Fire
03:48 Calculating Your Coast Fire Number
04:11 Setting Retirement Spending Goals
06:46 Applying the 4% Rule
07:48 Present Value and Future Value
09:13 Reaching Your Coast Fire Number
12:11 When to Start Coasting
18:55 Steps to Achieve Coast Fire
23:43 Considerations and Risks
25:47 Conclusion and Final Thoughts

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