Financial Independence, Retire Early, or FIRE, is a real movement, where people build a sizable enough financial nest egg to quit working at an early age — typically in their 30s, 40s or 50s. But is FIRE a real possibility for you?
Members of the FIRE movement retire early either to stop working altogether or to take a temporary break from work, then pivot into another undertaking: a new career, home-schooling their kids, pursuing a philanthropic interest, etc. The motivation behind the movement are many. Some do it to take advantage of the wealth they have accumulated at a relatively young age; others do it to live a simpler, more fulfilling (and perhaps more frugal) existence. Some do it to leave behind a particularly stressful or unfulfilling professional track; others to pursue their passions.