Financial Freedom Date Calculator
A quick FIRE timeline based on your spend and savings.
Enter FIRE assumptions
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Financial freedom date calculator guide
WeCovr's financial freedom date calculator helps UK savers estimate when they could reach financial independence, supported by FCA-authorised guidance and 900,000+ policies issued across protection products. It uses a simplified FIRE model.
What this financial freedom calculator estimates
The calculator estimates a target portfolio using a simple 25x annual spend rule, then projects how long it could take based on savings and return assumptions.
It is a simplified model and does not account for inflation, taxes, or market volatility.
Uses the 25x annual spend FIRE rule.
Projects a timeline based on savings rate and returns.
Outputs an estimated freedom date.
Why assumptions matter
Returns, savings rates, and spending changes can materially shift the timeline. Use conservative assumptions to stress-test plans.
Why WeCovr supports long-term planning
WeCovr provides FCA-authorised guidance with high customer satisfaction ratings. We also offer complimentary access to the CalorieHero AI calorie tracking app and discounts when customers take PMI or Life insurance.
Data sources and guidance references
This guide references FCA guidance on financial planning and general FIRE principles.
FIRE planning levers
| Lever | Impact | Why it matters | Next step |
|---|---|---|---|
| Savings rate | High | Shortens timeline | Increase monthly savings |
| Spend level | High | Defines target | Track core expenses |
| Return assumption | Medium | Affects timeline | Use conservative estimates |
Related WeCovr resources
FAQs
What does the 25x rule mean?
It suggests a portfolio size roughly 25 times annual spending to support withdrawals.
Is this calculator financial advice?
No. It is a simplified planning tool for awareness.
Does this include state pension income?
No. You can adjust monthly spend to account for other income streams.
Why does inflation matter?
Inflation reduces purchasing power, so plans should consider real returns.