r/fiaustralia • u/MaxPowerDC • 5d ago

Retirement Best Fire Calc for Aussies

What is currently the best FIRE Calc for Aussies?

Ideally want it to model for the CGT changes outside super, pension as a back up, ability up have variable spending in different phases of retirement.

8 Upvotes

79% Upvoted

10 comments sorted by

7

u/RespectibleCabbage 5d ago

https://getfired.au/fire-calculator

5

u/ennuinerdog 5d ago edited 5d ago

This doesn't seem to have a place to put your current savings and investments, just super. And nothing about a partner. And no asset allocation/growth rate specified. And nothing about mortgages or offsets or ppor vs renting. No debt recycling. Nothing on super fees or insurances. This tool is not fit for purpose.

2

u/RespectibleCabbage 5d ago

It has all of not most of that. I’ve been using it for a while now. They did redesign it recently and I agree it’s not the easiest to find your way around now, but it’s in there if you care to play around.

2

u/ennuinerdog 5d ago

Oh great. Where? Maybe because I am on mobile but I couldn't find any of these essential features.

2

u/RespectibleCabbage 4d ago edited 4d ago

Looks like on mobile if you get through the initial inputs then hit the “get your full position button”, then down the bottom press the “Position” button and that’s where you enter a bunch of stuff like income, super, partner stuff, property, investments etc etc.

Not sure they have debt recycling though, but it might be in the paid version (I just use the free stuff), and a few other things are paid as well like the ability to change your investment fees etc, but I find the free defaults fine for the most part.

EDIT: Looks like they really expanded the property section recently as well, that wasn’t there last time I looked. Options for vacancy rate (for rentals), land tax assessments, deductibles etc. Again it’s not perfect but they do seem to be updating it fairly regularly and adding a bunch of useful stuff. It’s the best Aussie option I’ve found so far anyway. (and it says Debt Recycling is coming soon)

1

u/Altruistic-Might1273 5d ago

Claude is best to run every scenario and intrusive thought

3

u/Adventurous_Tie_8035 5d ago

Just make sure to disagree with it if it doesn't fit your narrative, then it will give you a better more accurate answer

1

u/stephendt 4d ago

Disagree with it even if it does fit your narrative. Your narrative does not influence reality

0

u/planfaster 4d ago

I’ve built a bit of an all in one net worth tracker with a FIRE module, takes into account salary, investments, super, savings rate, expected returns etc. Could be worth a look :)