FIRE
Financial independence, retire early. Saving and investing until your savings can pay for your life, so work becomes optional.
The idea is less about stopping work than about choice. In Switzerland a FIRE plan has to bridge the years until AHV, the pension fund and Pillar 3a become available. Many people use independence to work part-time, change careers or take long breaks rather than retire completely.
Tools that use it
Related terms
- FI numberThe savings you need so that your investments can cover your spending for the rest of your life.
- Savings rateThe share of your net income that you save and invest each month.
- Lean FIREFinancial independence on a deliberately modest budget, which means a smaller pot and an earlier date.
- Coast FIREThe point where your savings could grow, without new contributions, into the amount you need at retirement.
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FIRE basics
What is FIRE, and does it work in Switzerland?
FIRE means building a pot that covers your spending so work becomes optional. Here is how it works in Switzerland, where it helps and where it gets harder.