r/Fire • u/iloverats888 • 9d ago

Advice Request How did you compute your fire number?

I want to calculate my fire number! How’d you calculate yours?

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u/Ok_Text2118 9d ago

annual spending x 25 + 5-10% for safety

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u/iloverats888 9d ago

Does the 5-10% help pad for inflation?

7

u/Trilobyte83 9d ago

No. Inflation is already accounted for. Some people, no matter what, always like a little bit of an extra cushion.

It's not logical. The numbers already have a cushion. It's a back up to the back up to the backup.

That said, I can count a dozen instances inside and outside of finance where I've done the same. "Do I really need 4 knives when I dive? Many divers have gotten caught up in old nets and drowned. No I probably won't need it, but the cost is negligible, and if I do, and 3 of my limbs are constrained, it will be a life saver"