New feature: New
Free calculators: your FIRE number and your yearly return
Two free calculators anyone can use, no account needed: how long until FIRE, and what your money earned each year once every deposit is counted.
FortuneOK now has two free calculators you can use without an account: a FIRE calculator and an annualized return calculator. They run the same math as your dashboard, so what you read there and here agrees.
What you can do
- FIRE calculator: enter your monthly spending, what you have saved, what you add and the return you expect. You get your FIRE number, how far along you are and the years and months left.
- Annualized return calculator: add each deposit and withdrawal with its date, and what the investment is worth on a later date. You get the total gain, the total return and, from a year of history, the yearly rate (XIRR).
- Nothing you type leaves your browser, and nothing is converted: use any currency.
- Both come in English, Spanish, French and Portuguese.
Under a year of history the return calculator shows the total return and no yearly rate, the same rule your dashboard follows. A rate worked out from a few weeks says very little about a year.
Find them under Free tools in the footer. To run the same numbers on your real portfolio, try the live demo.