The Prompt Library
FinanceWealth

Build a Financial Independence Plan

Map your timeline and savings goals for early retirement or FI.

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Prompt:

Act as a financial planner specializing in Financial Independence (FI) and early retirement. I need you to help me create a personalized FI plan. Please ask me for the following information: - Current Age - Target FI Age - Current Savings/Investments Value - Planned Annual Savings Contribution - Expected Average Annual Investment Return (%) - Desired Annual Income/Spending in FI (in today's dollars) Using the information I provide, please generate a plan that includes: 1. **FI Number Calculation:** Estimate the total nest egg required (clearly state your calculation method, e.g., 25x desired annual spending for a 4% withdrawal rate). 2. **Timeline Projection:** Show a simplified year-by-year projection of how my savings could grow towards the FI number. 3. **Estimated FI Date:** Based on the projection, estimate the age I might reach FI. 4. **Key Assumptions:** List the main assumptions used (return rate, withdrawal rate). 5. **Actionable Next Steps:** Suggest immediate steps I can take.

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