Housing's Impact on Financial Independence

See the exact number of years renting vs. buying adds to (or subtracts from) your journey to FI.

Your Financial Plan

Enter your core financial independence goals.

Gross Annual Income

Current Savings

Desired Annual Retirement Income

Expected Annual Return

Withdrawal Rate

A common guideline is 4%. This is the percentage of your nest egg you'll withdraw each year in retirement.

Housing Costs

These costs are pulled from the Rent vs. Buy calculator. To update them, please adjust your inputs there.

Renting: $3,000/moOwning: $3,500/mo

The Bottom Line

Choosing to Renting could get you to financial independence

1.5 years sooner

By saving an extra $500 per month, you significantly accelerate your FI timeline.

FI while Renting

Years to FI

17.5

FI while Owning

Years to FI

18.9

*The calculations provided are for illustrative purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any decisions.