Question 1

What is the difference between Lean FIRE, Fat FIRE, and Coast FIRE?

Accepted Answer

Lean FIRE means retiring early with a minimal budget ($40k/year or less). Fat FIRE means retiring with a comfortable lifestyle ($100k+/year). Coast FIRE means you have enough invested to coast to traditional retirement without additional savings. Barista FIRE means working part-time while investments grow.

Question 2

How does Monte Carlo simulation help with retirement planning?

Accepted Answer

Monte Carlo simulation runs 1,000+ different market scenarios to calculate your probability of retirement success, accounting for real-world market volatility.

Question 3

How do I calculate my FIRE number?

Accepted Answer

Your FIRE number is typically 25x your annual expenses. For example, if you spend $50,000/year, your FIRE number is $1,250,000.

Question 4

Is NestifyWealth completely free?

Accepted Answer

Yes! NestifyWealth is 100% free with no registration required. All features are available at no cost.