When can you retire?
Enter your income, expenses, current portfolio value and expected return. We project your wealth growth and show the exact year you reach financial independence.
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1870
%
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Frequently Asked Questions
How does the Financial Freedom Calculator work?
The calculator models your wealth growing year by year — combining annual savings with investment returns — until your portfolio reaches 25× your annual expenses. At that point your investments generate enough passive income to cover your lifestyle indefinitely (the 4% safe withdrawal rule).
What is financial freedom?
Financial freedom means having enough investment income to cover your living costs without needing to work. For Irish high earners, it typically requires disciplined tax planning alongside a consistent investment strategy. The target is 25× your annual expenses — at that level a 4% annual withdrawal is sustainable indefinitely.
What annual return should I use?
A globally diversified equity portfolio has historically returned 7–10% nominal, or 5–7% after inflation. For planning purposes in Ireland, 5–6% is a reasonable conservative assumption. The rate you choose should reflect your investment strategy and risk tolerance.
What savings rate do I need to retire early?
Your savings rate is the single biggest lever. At a 50% savings rate with 5% returns, financial freedom takes around 17 years. At 25%, roughly 32 years. The higher your income relative to expenses, the faster you reach your target portfolio. Reducing expenses often has a double benefit — it lowers your target and increases your savings simultaneously.
Want a personalised financial plan?
Our calculators are a starting point. A consultation gives you a bespoke roadmap.
Compound Interest
Calculator
Enter your initial deposit, monthly contribution, annual rate and term. See how compounding accelerates wealth — earning returns on both your principal and accumulated interest.
€
€
yrs
1 yr50 yrs
%
0%30%
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and click Calculate
Frequently Asked Questions
How does compound interest work?
Compound interest means you earn returns on both your original deposit and on the interest already accumulated. Over time this creates exponential rather than linear growth. A €10,000 investment at 7% grows to €38,697 after 20 years without adding a single euro — purely from compounding. Add monthly contributions and the effect becomes even more dramatic.
What is a realistic rate of return in Ireland?
Irish savings accounts currently offer 1–3%. A diversified global equity portfolio has historically returned 5–7% after inflation over long periods. The appropriate rate depends on your investment mix and time horizon. This calculator does not account for fees, which typically range from 0.1–1.5% annually.
Is compound interest taxed in Ireland?
Yes. Bank deposit interest is subject to DIRT at 33%. Investment fund gains are subject to exit tax at 41%, applied every 8 years (the deemed disposal rule) even if you haven't sold. Pension contributions are tax-free at your marginal rate, making pensions one of the most tax-efficient compounding vehicles in Ireland. This calculator does not account for any taxes.
How often is interest compounded?
Deposit accounts compound daily or monthly. Investment funds compound effectively annually when you reinvest returns. This calculator uses annual compounding. Monthly compounding produces slightly higher returns — the difference is small at typical rates but grows at higher interest rates over longer periods.
Want personalised investment guidance?
See how compounding fits into your broader wealth strategy.