Question 1

How is the FIRE readiness score calculated?

Accepted Answer

The FIRE readiness score is calculated from 12 questions covering your savings rate, current corpus, monthly expenses, investment strategy, and awareness of India-specific FIRE factors like the 3.3% safe withdrawal rate and 6% inflation. Each question is weighted and the score is computed using real FIRE math — not a generic quiz formula.

Question 2

What FIRE score do I need to retire early in India?

Accepted Answer

A score of 75 or above indicates strong FIRE readiness — your savings rate, corpus growth, and investment strategy are well-aligned for early retirement. Scores between 50–74 suggest you're on the right track but have meaningful gaps to close. Below 50 indicates significant changes are needed in savings rate or strategy. Use the score as a diagnostic, not a pass/fail.

Question 3

What is a good savings rate for FIRE in India?

Accepted Answer

A savings rate of 40–50% of take-home pay is considered strong for FIRE in India. At 50% savings, most people can reach their FIRE number in 15–18 years. At 30%, expect 20–25 years. The savings rate is the single biggest lever — it both grows your corpus faster and signals that your lifestyle in retirement will be lower-cost, reducing your FIRE number.

Question 4

How do I improve my FIRE readiness score?

Accepted Answer

The highest-impact improvements are: (1) Increase your savings rate — even 5% more makes a large difference over time. (2) Switch from FDs and savings accounts to equity mutual funds (Nifty 50 index fund) for long-term wealth. (3) Calculate your actual FIRE number using a 3.3% SWR and 6% inflation, not a rough estimate. (4) Track your expenses precisely so your retirement target is realistic.

How FIRE-Ready Are You?