Financial Independence, Retire Early (FIRE) – Does It Work?
In a commentary written by Keith Yap published by Channel News Asia on 16 Aug 2022, he says it is increasingly common to hear millennials talking about FIRE – Financial Independence, Retire Early. It is a movement which is supposedly able to help millennials retire by their 40s, or even 30s. Is it possible to retire in 10 years using this formula? To find out, I have reverse-engineered the math behind those claims.