Financial Independence Retire Early (FIRE) Strategies

Due to the rising cost of living and increasing life expectancies, Australians are working later than ever before. However, with careful planning, it doesn’t have to be this way. By making smart decisions while you’re young, FIRE fans can retire early.


What is Financial Independence, Retire Early (FIRE)?

FIRE stands for Financial Independence, Retire Early and is a strategy to help people fast-track their way to early retirement by living frugally and making smart investment choices early in their working life.

How can you achieve FIRE?

FIRE involves saving and investing as much of your income as possible to achieve financial freedom before the age of 40, or the standard retirement age. The goal of implementing FIRE finance strategies is to live off your investments, without the need for a regular income stream, like a salary.

Creating a FIRE strategy

FIRE participants traditionally save up to 70 percent of their annual income and withdraw 4 percent of these savings annually during retirement to cover living expenses. This is known as the 4 percent rule. For instance, if you saved $1 million for retirement, you would withdraw and live off $40,000 for the year.

Let Financial Spectrum help you achieve FIRE

If using FIRE for early retirement is appealing to you, getting professional help to create a solid strategy can help you reach your retirement goals faster.

The talented team at Financial Spectrum can help you by constructing a customised plan to achieve your retirement goals, selecting and managing your investments, implementing tax minimisation strategies, mitigating risk and developing a retirement plan.

How we work with you

We’ll start by helping you design what an ideal retirement looks like for you. We’ll then work backwards to establish how much you need to save. This will then determine the saving and investment strategies to fast track your way to retiring early.

But we don’t stop there. Think of us as your financial coach. We often get distracted in life and find ourselves in a very different place than we hoped for. Financial Spectrum will be there to keep you on track and accountable to your FIRE goals.

We’ll give you confidence (and help you avoid costly mistakes) by helping you make informed, smart decisions. And we’ll keep you accountable because we’re not afraid to lean into hard conversations when we need to. But overall, you’ll have the security of being cared for by experts whose goal is to help you reach yours.


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The team at Financial Spectrum are A++. I wouldn't trust anyone else.
Mark, Sydney
Greg Suefong has turned my life around. I'd been searching for someone like Greg for a while and had spoken to various professionals, but all were disappointing. However, from the first consultation I knew Greg was "the one" and I signed up straight away without hesitation. He understood my unique...
Michelle, Sydney
Greg, is an absolute legend!!!  Thanks for your assistance and expertise, I talked to numerous SMSF refinance experts who all found my situation too hard and complex to deal with. Greg provided the best unbiased advice resulting in settlement this week. Will definitely stay in touch, highly recommend Greg's services.
John, Sydney
We were cruising and wanted help to take charge and make some big financial decisions. Financial Spectrum took care of the boring parts to get it down to the key decisions to make. And we knew their recommendations were impartial, which was really good.
Jessica, Sydney
If you require any guidance or assistance with your finances, do not hesitate to reach out to Financial Spectrum. Greg and the team at Financial Spectrum are a group of authentic, sincere, and friendly financial planners. He prioritises getting to know you by asking the right questions without being in...
Grace, Sydney
If you want a knowledgeable and honest financial advisor you can trust, I recommend you talk to Brenton Tong of Financial Spectrum. About four years ago when I was considering retiring I needed someone to review our financial situation and tell me if we had enough funds to retire. I...
Terry, Sydney


Was sceptical at first but was extremely pleased with every part of my experience. All the staff were friendly and helpful especially Hanna. The planner, Brenton was very knowledgeable and made everything easy for me with little finance knowledge able to understand.  Highly recommend for everyone!
Michael, Sydney
I have been extremely happy with the service Financial Spectrum has provided. I would gladly recommend them to anyone wanting a truly talented group of financial planners on their side.
Sam, NSW
I initially spent a lot of time trying to find the right financial adviser, as the industry is completely saturated and everything I've previously was told has a specific agenda behind to it, pushed a certain product that benefited the adviser or just didn't make sense.  I found dealing with...
Blake, Central Coast
We have been clients of Brendon for over a year now and how our lives have changed. Previously we could see no possible way we would be able to retire comfortably and be debt free, but Brendon gave us a road map to get to that point in four years....
Michael, Sydney
We have been working with Spectrum Financials for a number of years. As a young couple thinking about marriage and starting a family were wanting some guidance for long term planning. After researching a number of financial advisors we decided to go with Brenton and his team due to their...
Duncan and Rebecca, Sydney
Financial Spectrum never tried to sell me something. They asked me the right questions; they listened; and they’ve educated me. Now they’re where I send my friends and colleagues who need financial advice they can trust.
Emma, Sydney

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Frequently asked questions

A Financial Independence, Retire Early (FIRE) strategy can be suitable for anyone who wants to achieve financial freedom and retire early.  Participants need to be willing to cut expenses, save aggressively and invest well to build a passive income stream that will sustain their lifestyle without relying on traditional employment.  It requires careful planning, discipline and a long term perspective.  The earlier you start a FIRE strategy, the more successful you’re likely to be.  Conversely, it may be more challenging if you start a FIRE strategy later in life or is you have significant financial obligations such as dependents or a large amount of debt.

You don’t necessarily need a lot of money to start a Financial Independence, Retire Early (FIRE) strategy.  But the more money you have and the earlier you start, the faster you’ll be able to reach your retirement goals.  If you have a high level of debt, financial dependents or are without a steady source of income, you may find it challenging to achieve FIRE.

You can build a Financial Independence, Retire Early (FIRE) strategy yourself, but the guidance and expertise of a financial planner can help you achieve your FIRE goals faster.  A financial planner can help with a FIRE strategy by building a customised plan to achieve your retirement goals, selecting and managing your investments, implementing tax minimisation strategies, mitigating risk and developing a retirement plan.  They can also keep you on track and accountable towards achieving your goal.

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