My min Fire number is $60,000.

From there, calculate how much savings you'll need to generate that much income without having a paycheck. I use the 4% rule, which says that retirees can safely withdraw about 4% of their savings a year without running out of money.

To generate my $60k I’ll need to save $1.5 million.

If you want to find your number it’s as easy as calculating 25 times your current annual expenses. That number could last indefinitely with regular 4% yearly withdrawals)

If I want to retire closer to what I really want I will want $120,000 which is $3 million.

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