Barista FI calculator
When could you go part-time, and what does it cost in years of full retirement? A two-phase projection: save until the part-time age, then let a smaller income and the portfolio finish the job.
When could you go part-time?
Six numbers. Nothing is saved. Assumes a 6% annual return, compounded monthly; from the part-time age, contributions stop and the portfolio covers whatever the part-time income does not.
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$/mo
$/mo
$/mo
Go part-time at 45, fully retire at
age 65
Keep working full-time, retire at
age 54
Going part-time at 45 costs 11 years of full retirement — that is the price of working less from 45 on. The FI number the portfolio still has to reach is $1,200,000.
See this with your real numbersReign runs this against your real accounts, with debts and Social Security in the picture.
The idea behind it: Barista FIRE: retire from the job, not from working