Track Your FIRE Number and Your Progress to It

Financial independence comes down to two things: a target and how fast you're closing on it. The target — your FIRE number — is usually your annual spending multiplied by 25, the amount of invested wealth that could sustain you at a safe withdrawal rate. That part is arithmetic. The hard part is the trajectory: knowing, month after month, whether your net worth is climbing toward that number quickly enough, or whether life has quietly stalled your progress.

Most people track FIRE in a spreadsheet that's accurate the day they build it and stale a week later. Prices move, contributions land, markets swing, and keeping the sheet honest becomes its own chore. A FIRE tracker's job is to hold your number and your live net worth side by side, so the single question that matters — how close am I, really — always has a current answer.

The most important lever in any FIRE plan isn't which fund you pick — it's your savings rate, the share of income you keep and invest. It's what determines whether financial independence is fifteen years away or forty, and it's the number worth watching most closely. Yet it's also the one most people never actually measure, because it requires seeing income and net worth growth together.

MyMoneyViz gives you that whole picture in one place. As you keep your holdings current, you can see your net worth build over time and judge whether your savings rate is carrying you toward your target or drifting. Because the app fetches live prices for your stocks, ETFs, and crypto and converts everything into one base currency, the growth you're looking at is real and up to date — not a figure you last touched three months ago.

A FIRE number that's decades out is easy to lose sight of, which is why the plans that stick break the journey into milestones — your first $100k, coasting to Coast FIRE, covering fixed costs, full independence. MyMoneyViz lets you set financial goals and watch your progress bars fill as your net worth grows, turning an abstract distant target into a series of wins you can actually feel.

That's the difference between a plan you check once a year and one you stay engaged with. Seeing the gap to your next milestone shrink is what keeps the savings rate up when motivation dips. The guides below go deep on defining your FIRE number, raising your savings rate, and setting goals that hold; the tracker is what keeps all three in view as you go.

The common rule of thumb is annual expenses times 25, which corresponds to a 4% safe withdrawal rate — so £40,000 a year of spending implies a FIRE number around £1,000,000. It's an estimate, not a guarantee, and your real target depends on your withdrawal assumptions, taxes, and how conservative you want to be. Once you've settled on a number, MyMoneyViz tracks your net worth against it so you always know how far you have to go.

No. MyMoneyViz never connects to your bank. You enter your holdings and it keeps their value current with live prices, so your FIRE progress stays private and works no matter where your accounts are. There's a small manual step each month — about five minutes — and we email a reminder, which for most people becomes a useful moment to check in on the plan.