44 lines
1.7 KiB
Markdown
44 lines
1.7 KiB
Markdown
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# FIRE Planner — Context
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A personal FIRE engine: a Monte-Carlo retirement-success simulator plus a live
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"can I retire yet?" countdown that tracks net worth against per-life-stage targets.
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## Language
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**Case**:
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A named life-stage the countdown tracks. Solo (Viktor only), Household (Viktor +
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Anca), Family (Household + 2 kids). Each Case is a real-GBP annual spend.
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_Avoid_: scenario (reserved for the Cartesian simulator row — jurisdiction ×
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strategy × leave-year × glide).
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**FIRE number / Target NW**:
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The smallest liquid net worth (real GBP, country-specific) at which a Case's
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Guyton-Klinger plan reaches the bar. Computed by Monte-Carlo threshold, not a
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fixed SWR multiple.
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_Avoid_: goal, magic number, the number.
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**The bar**:
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The Monte-Carlo success probability that counts as "can retire" — 99%.
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**Countdown**:
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Target NW − current liquid NW, in real GBP (today's money). Rendered with
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progress %, projected date, and runway.
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**Bridge pot / liquid NW**:
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Assets spendable before the workplace pension unlocks (~57). Funds the early
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sequence-risk years. The pension is excluded from it and modelled as a tranche
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that joins later.
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_Avoid_: net worth (which includes the locked pension).
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**COL-driven spend**:
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Spend that re-scales by a country's cost of living — rent (by 1-bed rent ratio)
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and non-rent essentials (by the no-rent basket ratio), plus kids' costs.
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_Contrast_: **Fixed spend** — Holidays, globally priced, unchanged by country.
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**Safety multiplier**:
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The ×1.5 padding Viktor applies on top of measured real spend.
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**Re-entry trigger**:
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The written rule — take paid work if the portfolio is below £1.0M for two
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consecutive quarters. A guardrail, surfaced on the dashboard, not a failure.
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