Enter the description and price of each item or experience you wish to include in your dream life. Specify the time period over which you plan to earn for your biggest expenses and your ideal annual spending amount. The calculator will provide you with the total costs and the financial freedom number required to sustain your lifestyle.
Total Cost = Price × Time to Earn
Financial Freedom Number = Ideal Annual Spend × 25
Imagine you want to include a car costing $30,000 and a yearly vacation costing $5,000 in your dream life. If you plan to save for 10 years and your ideal annual spend is $50,000, the calculator will show you the total cost and the financial freedom number needed.
Ensure that your inputs are realistic and reflect your true lifestyle goals. The financial freedom number assumes a 4% withdrawal rate, which may vary based on market conditions. For more detailed planning, consider using the Retirement Calculator and Investment Calculator.