F.I.R.E.! How to retire early with enough money

Pramila Deshpande
·2 min read

As they say, retirement is a milestone in the life of human beings who work hard throughout their lives to have a good retired life. But who doesn’t want to retire early and enjoy relaxed moments with their loved ones?

This article presents a synopsis of a lifestyle movement that drives people to gain financial independence and retire early.

F.I.R.E. movement

The acronym stands for ‘Financial Independence, Retire Early’. The movement strives to encourage people to save and invest a considerable part of their income (nearly 50-60%) towards retirement funds.

The primary idea is to bestow them with a financial independent retired life that starts at a much earlier age (maybe 40 or 45 years) rather than the traditional retirement age of 60 or 65.

The more they save and invest, the faster they can attain their financial independence, and the earlier they can retire in their lives.


The main objective of the F.I.R.E.movement is to encourage the young workforce to plan their retirement. They should envision how they wish to spend their retired life and make concrete plans to realise their retirement dreams.

Plan of action

Once a person commits to the path toward F.I.R.E., there are mainly two courses of action available to them -

  • To increase their income: Since more investment requires more cash or funds, a person planning to retire early has to find alternative income avenues or earn additional income in the current scheme of things.

  • To decrease their expenses: This path requires a clear demarcation between needs and wants so that the young generation spends on what they need and eliminates extravagant expenditures from their lifestyles. The aim is to instil a habit of fierce saving in them for accumulating wealth for retirement.

A surge in income and contraction in expenses leads to enhanced savings that a person can invest per month in the retirement funds.

Thus, the proponents of the F.I.R.E. movement advocates a prudent amalgamation of both the plan of actions. It can help in progressing towards financial independence that further paves the way for early retirement.

To conclude, the F.I.R.E. movement is a focused lifestyle drive towards realising the retirement dreams of people. More savings and investment are the stepping stones to an early financially independent retired life.