Recreating plots in R: Coast FIRE Grid
The tl;dr about Coast FIRE… Coast FIRE is when you have enough in your retirement accounts that without any additional contributions, your net worth will grow to support retirement at a traditional retirement age. I encourage everyone to read up on this very interesting personal finance concept! Load packages library(tidyverse) library(scales) CoastFIRE function coastfire_calculator <- function(retirement_spend, withdraw_rate, growth_rate, inflation_rate, retire_age, current_age){ df <- (retirement_spend) / (withdraw_rate * (1+(growth_rate - inflation_rate))^(retire_age - current_age)) df } Formula parameters Assumes 3.5% safe withdrawal rate, 8% growth, 3% inflation and retired at 67 years old. ...