https://github.com/rudeevelops/myfire-app

Financial Freedom Calculator
https://github.com/rudeevelops/myfire-app

finance react

Last synced: 6 days ago
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Financial Freedom Calculator

• Host: GitHub
• URL: https://github.com/rudeevelops/myfire-app
• Owner: RuDeeVelops
• Created: 2024-08-10T17:32:26.000Z (3 months ago)
• Default Branch: main
• Last Pushed: 2024-11-07T11:42:44.000Z (9 days ago)
• Last Synced: 2024-11-07T12:34:08.527Z (9 days ago)
• Topics: finance, react
• Language: JavaScript
• Homepage: https://myfire.app
• Size: 15.5 MB
• Stars: 1
• Watchers: 1
• Forks: 0
• Open Issues: 3
• Metadata Files:
  • Readme: README.md

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README

        
# Myfire.app - A minimalist Financial Freedom Calculator

### Tech stack: `JS` `React` `TailwindCSS`

### Live link: https://myfire.app



  



## About

MyFire is a minimalistic financial freedom calculator that helps you determine if you can achieve early retirement or FIRE (Financial Independence, Retire Early). This simple, free, and open-source tool uses the Safe Withdrawal Rate (SWR) method to calculate your financial independence.

## How It Works

1. Enter your current net worth and expected yearly return on investment.

2. Choose a monthly withdrawal rate (1%, 3%, or 4% SWR).

3. The calculator projects your portfolio value over time, showing you:

   - If your portfolio will last indefinitely

   - How long your portfolio will last

   - The peak value of your portfolio and when it occurs

The calculation is based on the concept of Safe Withdrawal Rate, adjusted for 3% inflation (which is why withdrawals increase every year).

## Disclaimer

This app is for educational purposes only and not financial advice. Reality is often more complex and unpredictable than these projections.

## Reporting Bugs

If you find a bug or have a suggestion for improvement, please open an issue on the GitHub repository.

## Credits

Created by [Rodolfo Fanti](https://bento.me/3drudy)

Inspired by [Mr. Money Mustache](https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/)

## License

[MIT License](LICENSE)