Episode Details
Back to EpisodesHas the FIRE Number Gone from $1M to $2.5M?
Description
In this episode of the BiggerPockets Money podcast, Mindy Jensen and Scott Trench tackle one of the biggest questions in the FIRE movement: Why has the traditional $1 million FIRE goal grown to $2.5 million or more? They discuss how inflation, rising living costs, lifestyle changes, and retirement planning have reshaped what financial independence looks like today.
You'll learn how the 4% rule, healthcare, geography, and spending habits influence your financial independence number. Whether you're pursuing FI or early retirement, this episode will help you determine how much you really need to retire and build a plan that fits your goals and lifestyle.
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