When Can I Quit? Calculator
Calculate when you can realistically quit your job based on savings, expenses, and investment returns.
When to use this tool:
- Career transition planning
- FIRE journey tracking
- Assessing monthly savings impact
How it's Calculated
- Safety Fund = Monthly Expenses × 6.
- Independence Target = Monthly Expenses × 12 × 25 (The 4% Rule).
- Time calculation uses compound interest formula solving for months at the given expected return.
Key Assumptions
- Assumes your expenses remain constant over time.
- Expected return is compounded monthly.
- Net salary is estimated at 75% of gross for savings calculations.
Actionable Insights
- Every $100 you cut from your monthly expenses reduces your required 'Financial Independence' target by $30,000.
- A 6-month buffer is often the 'minimum viable' runway to test a new career path or business idea.
Frequently Asked Questions
It suggests that once you have 25 times your annual expenses saved, you can potentially live off the returns indefinitely (The 4% Rule).
6 months provides most professionals enough time to find a comparable job if a new venture fails, reducing the risk of 'quitting'.
Yes, recurring side income directly reduces the amount you need to save from your main salary to reach your goal.
It is a mathematical projection. Real-world inflation and market volatility will impact the actual date.
Enter the amount you expect to spend *after* quitting to get a more accurate 'Safe Quit' target.
No, returns fluctuate. Use a conservative number (like 4-5%) for more realistic long-term planning.