Straight to the Point
- A directory of useful FI/RE calculators and spreadsheets.
In the process of making the original FI Checkpoint Test and the subsequent version 2.0 (FI Score Test), I did a bit of research to see what was already out there. Rather than all my notes go to waste, I thought I would create a directory for everyone.
There are so many spreadsheets and calculators out there. Many of them do the same things but they can present the data differently, ask for different variables or have different user interfaces.
You might like the way one calculator present things over another despite them both doing the same thing.
Some might even be better than others.
It makes sense to have a directory for them all.
The directory does not have a rating system. It is not my place to do so. Plus, it’s all very subjective. Most of them have been completed by people in their spare time and donated to the community for free.
So instead of ranking them, I have just listed them all in the order I found them, along with brief descriptions and a screenshot. It is very US heavy at the moment, with some representation from the UK and Canada. Nothing from other European countries or Asia at present, but that is down to how Google ranks the searches for me.
The directory should be pretty simple to use.
There is a search box and if you enter an asterisk “*”, it will show you my current favourite ones. These will likely change over time as my needs change.
Click on the name of the spreadsheet or calculator to take you to the author’s post with instructions on how to use it.
You can click on the screenshots to enlarge.
I have tried to be inclusive as possible and included what I could find out there. Some of the very, very basic calculators I have not included. If I have, I have not added others which does and presents things in exactly the same way.
Although the directory started off as solely for FIRE calculators, I have also included spreadsheets which I think might be useful for those pursuing FI.
Contact me if there is an entry you’d like me to add or if you create one yourself!
Also, let me know if the directory could be changed to make it more useful. If we end up with hundreds, then another column to help filter might help.
Finally, anything listed in the directory is not a personal endorsement from me. I have not tested them thoroughly. I make no guarantees as to the accuracy of these calculators or spreadsheets.
Embrace your inner nerd and have fun playing around with them!
Note: I’ve started to include a direct download link to some of the spreadsheets in the event the original blogger calls it a day and the their link stops working. If they were originally Google sheets, then I have converted them to Excel. As a result, some functionality may be lost. Always use the link in the name column first.
|1*||FI Score Test [FIST]||Cashflow Cop||UK||Provides a score and rank of your position on the paths towards FI. Also calculates the different ‘time to FI’ checkpoints / milestones. The calculator provides a gaming element to motivate you to go up the FI Policing ranks.|
Note – might seem big headed to favourite my own calculator, but as I designed it for my own use, it makes sense that it is the one I use the most! Also, it’s my blog, I can do what I want 😛
|2*||When Can I Retire?||Engaging Data||US||A pre-retirement calculator which also provides visualisation and uses monte carlo simulation.|
|3*||Will My Money Survive Early Retirement?||Engaging Data||US||A post-retirement calculator which looks at longevity risk and also provides visualisation.|
|4||Retirement Monte Carlo Simulator||Feeding Our Fire||US||Retirement forecasting using Monte Carlo Simulation. Download the excel spreadsheet via the link on the page. Sign-up to their newsletter for the latest version.|
|5||FIRE Calculator||Financial Toolbelt||US||A simple calculator which also makes suggestions on how to retire faster.|
|6*||cFIREsim||The Crowdsourced FIRE Simulator||US||A Crowdsourced FIRE Simulator to test if your money will run out.|
|7||On Trajectory||On Trajectory||US||Partnership with cFIREsim. It is described as a ‘professional grade software retirement calculator”. I’ve not used this before, so if any of you have, please comment below.|
|8*||FIRECalc||FIRECalc||US||Provides a sense of just how safe or risky your retirement plan is, based on how it would have withstood every market condition we have ever faced.|
|9||The Flexible Retirement Planner||The Flexible Retirement Planner||US||A Monte Carlo powered financial planning tool. Available to download.|
|10||Optimum Retirement Planner||i-ORP||US||US focused – calculates:|
– The plan’s maximum, annual disposable income, instead of the plan’s final surplus or deficit.
– The annual tax-efficient amount and order of withdrawals from retirement savings accounts.
– Optimal, tax efficient IRA to Roth IRA partial conversions.
|11||Pralana Retirement Calculator||Pralana Retirement Calculator||US||US focused – seems very powerful but I have not used it myself. Takes into account different state income tax, Medicare, Roth conversions, Monte Carlo Simulations amongst other things. Available in a free version or a paid for more sophisticated version.|
Observation – their website looks like it was made in the 90s!
|12||New Retirement Planner||New Retirement||US||I’ve not used this myself, but seems fairly comprehensive and straight forward user interface. |
There is a free version, but also a paid for version.
|13||yFIRECalc 2.0||Frugal Fringe||US||This unique take on a FIRE calculator looks at time rather than money. It illustrates how much time you are able to reclaim by reaching FIRE. Rather than simply exploring how, it looks at the why.|
|14||Mustache Calc||Mr Money Mustache||US||A simple calculator to calculate years to FI. No graphs, no simulations. Nothing fancy. Straight forward and easy to use.|
|15||FI Tracker||Mad Fientist||US||Similar to Mustache Calc but with graphs.|
|16||Ultimate Retirement Calculator||Financial Mentor||US||You tell it when you want to retire and it tells you how much you’ll need. The calculator appears simple but has lots of functionality.|
|17||Retirement Freedom Calculator||Millennial Money||US||A straight forward calculator with a few more inputs than Mustache Calc, but less than Ultimate Retirement Calculator. Sort of a middle ground.|
|18||Retirement Calculator||Nerd Wallet||US||A simple and slick looking calculator with easy to use interface.|
|19*||When can I retire?||Networthify||US||This was one of the first FIRE calculators that I used. I still like it because it’s simple with straightforward charts to illustrate the positive impact of a high savings rate.|
|20||Fire Age Calculator||Fire Age Calc||US||A basic calculator which calculates your FIRE age. Similar to Mustache Calc. No bells or whistles.|
|21*||ESI Scale FI Calculator||ESI Money||US||I like this one. It might seem like a basic calculator, but it breaks it down into three important components to read FI – Earn, Save and Invest. It also produces a chart.|
|22||FIRE Calculator||Money Mow||US||A simple calculator to work out when you can retire, similar to Networthify|
|23||The Early Retirement Spreadsheet||Budgets Are $exy||US||US focused – a spreadsheet which comes in a simple version and a modified version which has lots of variables to play around with.|
|24||Saving / Spending / Net-worth Tracker||The FIRE Starter||UK||A spreadsheet which tracks your savings, spending and net-worth.|
|25||The FI-o-Meter||The Escape Artist||UK||A simple calculator to work out the age at which your will be FI.|
|26||FI Calculator||Invest Wisely||Canada||A simple calculator to work out the age you will be FI using a slider based user interface.|
|27*||Retirement Calculator||Four Percent Rule||US||Seems to be a powerful retirement calculator with lots of fields to tweak with colourful graphs.|
|28||Early Retirement + Real Estate + Pension Spreadsheet||Hannah J.||US||US focused – spreadsheet to record real state, pension and FI age forecast.|
|29||Monster Retirement Budget||Robert R.||US||US focused – a spreadsheet which seems capable of factoring in lots of factors.|
|30||Early Retirement + Dividend Income + Passive Income Spreadsheet||Tawcan||Canada||Canada focused – another version of Budgets Are Sexy spreadsheet. This time factoring in dividend and passive income.|
|31||Early Retirement + Taxes/Distribution Simulations + Roth Ladder||Kate S.||US||US focused – another version of Budgets Are Sexy spreadsheet. This time factoring in American more stuff which I don’t understand. There are tabs for ROTH ladders and stuff, so if you know what that is about, then this spreadsheet is for you.|
|32*||Financial Life Plan||Wilfred Walters||US||A simple spreadsheet on one page which includes factors such as how long you hope to live for and how much you need to spend to have zero balance on the day you die. |
Like Budgets Are Sexy, I like this one.
|33||The Budget / Net-worth Spreadsheet||Budgets Are $exy||US||A spreadsheet to record your budget and net-worth.|
|34||Pensions Calculator||Money Advice Service||UK||UK focused – calculated pension income at retirement. |
Like many conventional pension calculators, this one does not allow you to retire before 55! I thought I’d include it anyway because 55 is still classed as early.
|35||Budget Control Spreadsheet||Monevator||UK||A simple spreadsheet to help you budget.|
|36||“How Long?” Investment Calculator||Candid Money||UK||UK focused – calculates how long it would take to grow your investment to a certain size.|
|37||FIRE Calc||Fin-Dee||UK||A FI calculator similar to Networthifi.|
|38||How much to invest in pension vs non-pension accounts?||u/monkeyarson||UK||UK focused – a spreadsheet to workout how much in a pension account vs accounts that could be accessed before retirement.|
|39||My Retirement Planner||Aviva||UK||UK focused – a calculator which works out different outcomes of your retirement plan by changing certain variables. |
Seems to be a really useful too, but as before, it take a conventional approach where the earliest you can retire is aged 55.
|40||Rental Income Calculator||South Street||UK||UK focused – although not a FIRE calculator, I thought this would be useful to other property property investors out there.|
It works out the rental income, expenses and also comments on if the potential purchase could be a good investment.
Appears to be in a testing stage of development at present.
|41||Income Required to 100||The Money Principle||UK||Simple spreadsheet to calculate how much you need in retirement.|
|42||Coast FI Calculator||Poorer Than You||US||This simple spreadsheet works out when you will reach Coast FI. The author intends to update this and write a blog post to explain it all.|
|43||Rent vs Buy Calculator||Info For Investors||US||This calculator helps you decide if you should rent or buy, at least from a financial perspective.|
|44||4-Step Budget Template||Life After College||US||Sometimes the most useful things are the simplest ones. This is a budgeting spreadsheet which breaks it down to four steps.|
|45||Financial Life on One Page (FLOP)||Christian PF||US||All the key financial information on one page.|
|46||Personal Monthly Budget||My Money Shrugged||US||A detailed budgeting spreadsheet which also shows projected and actual balance.|
|47||Net-Worth||My Money Shrugged||US||A simple net-worth tracking spreadsheet.|
|48*||EOD Deluxe Budget 2.0||Enemy of Debt||US||This is a beast of a budgeting spreadsheet which uses zero-based budgeting principals. |
|49||EOD Basic Budget 3.0||Enemy of Debt||US||A simplified budgeting spreadsheet version of EOD Deluxe Budget 2.0.|
|50||Super Starter Budget||Savvy Spreadsheets||US||Super basic budgeting spreadsheet. Available in a free version and paid-for versions.|
|51||Savings Goal Calculator||Four Pillar Freedom||US||A simple calculator to find out how long it will take you to reach a certain savings goal.|
|52*||Investment Tracker Spreadsheet||FIRE v London||UK||A powerful spreadsheet to:|
1 – Evaluating your asset exposure of your investment portfolio.
2 – Calculating your portfolio returns, in a unitised way.
3 – Integrating accounts from multiple brokers into one consistent portfolio.
|53||FI Calculator||Craig Hughes||UK||A recreation of the FI Laboratory made by “The Mad Fientist”. |
This version gives more control over things like inflation and future income.
Google Sheets (recommended)
|54||Retirement Calculator||Arrest Your Debt||US||A simple web-based interactive retirement calculator. Find out if you are on track to retire comfortably or if you need to increase your investment contributions.|