Author Topic: When can I reach FI while my spouse continues to work?  (Read 1102 times)

bornInFlorida

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  • Age: 49
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When can I reach FI while my spouse continues to work?
« on: September 27, 2017, 09:12:18 PM »
I like the simple FIRE calculator at https://networthify.com/calculator/earlyretirement that tells me when I can reach FI. However, I need to factor in the fact that my spouse plans to work much longer than I do. The calculator links that I just provided calculates FI date only based on current investments, annual savings rate and expenses.

Please suggest a good calculator that can tell me the FI date for one spouse while the other spouse still is in the workforce.

Thank you.

maizeman

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Re: When can I reach FI while my spouse continues to work?
« Reply #1 on: September 27, 2017, 09:14:27 PM »
How are you defining FI? Enough passive income to pay the gap between your spending as a couple and your spouse's income? Enough passive income to pay for 1/2 of your spending as a couple? Enough passive income that your spouse wouldn't have to work (although they will continue to do so because they want to)?