FIRE Calculator for Nurses

Calculate your path to Financial Independence on a nursing salary. Pre-loaded with realistic RN income including shift differentials and overtime potential.

Include base pay, differentials, and overtime
$
Your total yearly spending
$
401(k), Roth IRA, HSA, and other investments
$
Average annual return (7% is historical stock market average)
3%7%12%
4% is standard for traditional FIRE
3%4%5%
$1,200,000
Your FIRE Number
14.8
Years to FIRE
45
FIRE Age
33%
Savings Rate
$2,000
Monthly Investment
Wealth Accumulation Over Time
💡 Key Insights for Nurses
  • Your savings rate puts you on a solid path to FIRE
  • Consider travel nursing contracts to accelerate your timeline
  • At your FIRE number, you can safely withdraw $48,000/year

FIRE Strategies for Nurses

  • Max your HSA: Triple tax advantage - deductible, grows tax-free, and tax-free for medical expenses
  • Consider travel nursing: Short-term contracts can boost income 50-100% and accelerate FIRE
  • Night/weekend differentials: Strategic scheduling can add $5,000-15,000+ annually
  • Per diem flexibility: After FIRE, per diem nursing lets you work when you want
  • Leverage your 401(k): Many hospitals offer excellent matching - don't leave free money behind
  • Plan for burnout: High savings rate now gives you options if you need to step back later

FIRE Calculations for Nurses

As a nurse pursuing FIRE, you have unique advantages: high earning potential, flexible scheduling options, and multiple paths to increase income. This calculator helps you plan your path to financial independence.

FIRE Number = Annual Expenses / Safe Withdrawal Rate

Nursing income potential: RN salaries range from $60,000 to $120,000+ depending on specialty, location, and experience. Travel nurses can earn $80,000-$150,000+ annually.

Coast FIRE option: Many nurses pursue Coast FIRE - saving aggressively early, then switching to part-time or less stressful roles while investments grow.

Coast FIRE Number = FIRE Number / (1 + Return Rate)^Years Until Retirement

Disclaimer: This calculator is provided for educational and informational purposes only. Results are estimates based on the inputs you provide and may contain errors or inaccuracies. This tool does not constitute professional financial, investment, or tax advice. Individual circumstances vary, and you should consult with a qualified financial advisor, accountant, or other professional before making any financial decisions. We make no guarantees regarding the accuracy, completeness, or reliability of the calculations or results provided.

Track Your Nursing FIRE Journey

Get detailed FIRE projections, track overtime income, and monitor your path to financial independence.

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