Lifestyle factor in FIRE
RetirementYour current lifestyle spending (hobbies, travel, restaurants, subscriptions …) serves as the basis. With this factor you plan how much "enjoyment budget" you want to allow yourself once you are financially free.
Unlike living costs, lifestyle is the part that often rises in FIRE – because you finally have time to actively shape your life.
Why lifestyle can rise:More time for hobbies, more frequent and longer trips, new projects, further education, restaurant visits with friends. 120–150% is not unusual if you want to actively shape your FIRE life.
Why lifestyle can drop:Less "compensatory consumption" (no retail therapy after work stress), cheaper hobbies (hiking instead of a weekend city trip), more time for free activities.