The numbers shown come from a sample profile for illustration – in the calculator you see your own values.
"Deferred tax" refers to the capital-gains tax still outstanding on unrealized price gains – gains that have not (yet) been realized by selling. You still have the money, but the tax is already a future liability.
Deferred tax is a conservative estimate – calculated at the flat withholding tax rate (Abgeltungsteuer), as if you sold everything at once today. It is not deducted from your net worth.
What you actually pay depends on your withdrawal strategy: if you realize your gains gradually over your FIRE years, your effective rate can be considerably lower thanks to the basic tax-free allowance (Grundfreibetrag) and the favorable-rate check (Günstigerprüfung). The FIRE net calculator in the Retirement view models this FIRE case – deferred tax itself deliberately stays at the conservative sell-everything-today rate.
Note:No positions recorded yet. Enter your ETFs and securities with unrealized gains in the Taxes view.
Conservative estimate:The saver's allowance (Sparerpauschbetrag: €1,000/year, €2,000 for couples) is not taken into account – its effect depends on your selling strategy. The actual burden will probably turn out somewhat lower.
Selling today vs. FIRE withdrawal:This figure assumes a sale today (flat withholding tax). If you realize gains gradually over your FIRE years, your effective rate is often considerably lower thanks to the basic allowance and the favorable-rate check (§32d(6) EStG) – the "In FIRE" row in the Taxes view shows this outlook, and the FIRE net calculator uses it.
