Track progress to financial independence across portfolio, passive income and spending.
Independence is the share of spending that passive income covers, which makes it a continuous measure rather than a binary state. The capital still needed converts the remaining gap back into a portfolio figure. Framing independence as a percentage is more motivating and more accurate than a single target date, because every contribution moves it measurably.
Financial Independence
Independence % = (portfolio × withdrawal rate + other passive income) ÷ annual spending
Independence % = (portfolio × withdrawal rate + other passive income) ÷ annual spending Independence is the share of spending that passive income covers, which makes it a continuous measure rather than a binary state. The capital still needed converts the remaining gap back into a portfolio figure.
Framing independence as a percentage is more motivating and more accurate than a single target date, because every contribution moves it measurably.
This calculator takes 4 inputs: Invested portfolio, Other annual passive income, Annual spending, Safe withdrawal rate. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.