My Fat FIRE dreams

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Changing FIRE definitions

My FatFIRE

TLDR: FIRE definitions and ranges in INR and SGD

The FIRE range and the definitions keep moving but I wanted to update some definitions and ranges based on the latest from various reddit threads and other internet forums

So based on my own definitions

  1. Monthly expenses = X amount

  2. Misc expenses = Y% of X amount

  3. Buffer for unknowns = Z% of X amount

  4. Fire range = 12 * 25X monthly expenses to 12 * 100X monthly expenses depending on the type of FIRE

So here goes

Lean FIRE

Lean FIRE is essentially have the bare minimum basic expenses met using your retirement income. Living very frugally and keeping expenses to a minimum

INR

  • Monthly expenses = 40,000

  • Misc expenses = 10% of 40,000 = 4,000

  • Buffer for unknowns = 10% of 40,000 = 4,000

  • Total = (40,000 + 4,000 + 4,000) * 12 * 25 to (40,000 + 4,000 + 4,000) * 12 * 40

  • Range = 1.44 Crores to 2.3 Crores

SGD

  • Monthly expenses = 2,500 amount

  • Misc expenses = 10% of 2.500 amount = 250

  • Buffer for unknowns = 10% of 2,500 amount = 250

  • Total = (2,500 + 250 + 250) * 12 * 25 to (2,500 + 250 + 250) * 12 * 40

  • Range = 0.9 million to 1.44 million

Barista FIRE

Working on a low stress job while you reach the target with slightly better than lean FIRE target. You still have some income coming in so your lifestyle is marginally better than frugal.

INR

  • Monthly expenses = 50,000

  • Misc expenses = 10% of 50,000 = 5,000

  • Buffer for unknowns = 10% of 50,000 = 5,000

  • Total = (50,000 + 5,000 + 5,000) * 12 * 25 to (50,000 + 5,000 + 5,000) * 12 * 40

  • Range = 1.8 Crores to 2.88 Crores

SGD

  • Monthly expenses = 3,000

  • Misc expenses = 10% of 3,000 amount = 300

  • Buffer of unknowns = 10% of 3,000 amount = 300

  • Total = (3,000 + 300 + 300) * 12 * 25 to (3,000 + 300 + 300) * 12 * 40

  • Range = 1.08 million to 1.73 million

FIRE

More comfortable than Barista FIRE as your financial status is better and you are not dependent on a job to manage your retirement. Occasional splurges are allowed, but for the most part remain within your set budget and targets

INR

  • Monthly expenses = 70,000

  • Misc expenses = 15% of 70,000 = 10,500

  • Buffer for unknowns = 15% of 70,000 = 10,500

  • Total = (70,000 + 10,500 + 10,500) * 12 * 25 to (70,000 + 10,500 + 10,500) * 12 * 40

  • Range = 2.73 Crores to 4.37 Crores

SGD

  • Monthly expenses = 6,000

  • Misc expenses = 15% of 6,000 = 900

  • Buffer for unknowns = 15% of 70,000 = 900

  • Total = (6,000 + 900 + 900) * 12 * 25 to (6,000 + 900 + 900) * 12 * 40

  • Range = 2.34 million to 3.74 million

Chubby FIRE

More comfortable than FIRE as your financial status is better. You are able to enjoy a lifestyle without compromise for the most part. Relative freedom to spend on not just needs but also on most wants.

INR

  • Monthly expenses = 100,000

  • Misc expenses = 20 % of 100,000 = 20,000

  • Buffer for unknowns = 20% of 100,000 = 20,000

  • Total = (100,000 + 20,000 + 20,000) * 12 * 25 to (100,000 + 20,000 + 20,000) * 12 * 40

  • Range = 4.2 Crores to 6.72 Crores

SGD

  • Monthly expenses = 8,000

  • Misc expenses = 20 % of 8,000= 1,600

  • Buffer for unknowns = 20% of 8,000 = 1,600

  • Total = (8,000 + 1,600 + 1,600) * 12 * 25 to (8,000 + 1,600 + 1,600) * 12 * 40

  • Range = 3.36 million to 5.38 million

Fat FIRE

Fat FIRE is the next logical evolution of FIRE where you are truly comfortable. No compromise on lifestyle or spending. Vacations and fancy cars are de rigour. A comfortable retirement.

INR

  • Monthly expenses = 150,000

  • Misc expenses = 25 % of 100,000 = 37,500

  • Buffer for unknowns = 25% of 100,000 = 37,500

  • Total = (150,000 + 37,500 + 37,500) * 12 * 25 to (150,000 + 37,500 + 37,500) * 12 * 40

  • Range = 6.75 Crores to 10.8 Crores

SGD

  • Monthly expenses = 12,000

  • Misc expenses = 25 % of 12,000 = 3,000

  • Buffer for unknowns = 25% of 12,000 = 3,000

  • Total = (12,000 + 3,000 + 3,000) * 12 * 25 to (12,000 + 3,000 + 3,000) * 12 * 40

  • Range = 5.4 million to 8.64 million

Morbidly Obese FIRE

Yes I know, it exists. Not sure whether you will call this FIRE at this point as there is no real limit as per this definition, but hey all you multi millionaires who want to FIRE this is for you.

INR

  • Monthly expenses = 500,000

  • Misc expenses = 50% of 500,000 = 250,000

  • Buffer for unknowns = 50% of 500,000 amount = 250,000

  • Total = (500,000 + 250,000 + 250,000) * 12 * 25 to (500,000 + 250,000 + 250,000) * 12 * 100

  • Range = 30 Crores to 120 Crores

SGD

  • Monthly expenses = 20,000

  • Misc expenses = 50% of 20,000 = 10,000

  • Buffer for unknowns = 50% of 20,000 = 10,000

  • Total = (20,000 + 10,000 + 10,000) * 12 * 25 to (20,000 + 10,000 + 10,000) * 12 * 100

  • Range = 12 million to 48 million

Conclusion

As the name of my blog would indicate my dream is to get to Fat FIRE but I would happily settle for Chubby FIRE.

  • Where do you see yourself in this range?

  • When do you think you will get there?

  • Are your targets within this range?

Good luck and Happy Investing.