🇺🇸 North America

FIRE Number for Miami, United States

Name: Miami, United States
Address: Miami, United States

United States

Beach Life, Latin Culture, and Zero State Income Tax

FIRE Score Based on safety, healthcare, infrastructure & expat friendliness

Miami is a sun-drenched, cosmopolitan city where Latin American flair meets American ambition on the shores of Biscayne Bay. With no state income tax, year-round tropical weather, and one of the most dynamic food scenes in the country, Miami offers FIRE retirees a genuinely international lifestyle without leaving the United States. Housing costs are high and rising fast, especially in waterfront neighborhoods, but the trade-off is direct access to world-class beaches, a thriving arts district in Wynwood, and a multicultural energy that makes every day feel like a vacation.

Lean FIRE, FIRE, and Fat FIRE for Miami

Needed to retire here is the portfolio that, in a historical backtest, would have lasted your retirement at your chosen confidence and length. Status is the verdict for your portfolio. The 4% rule benchmark is shown underneath each figure for reference only.

Use my own healthcare cost

Lifestyle	Needed to retire here	Monthly Cost
Lean FIRE	$1.5M	$5,000/mo
FIRE	$2.46M	$8,200/mo
Fat FIRE	$6.64M	$22,150/mo

Cost data: Q1 2026 · High confidence

Cost of Living Breakdown for Miami

All cost and FIRE figures assume a single adult.

Lean FIRE Lifestyle

$1.5M

A modest apartment in Hialeah or Kendall, well outside the beach and Brickell areas. You need a car, and housing costs eat up nearly half the budget. Cuban ventanitas and food trucks keep dining cheap, and the beach is free. Florida's zero state income tax is a real advantage at this budget level -- every dollar of your $3,333 monthly withdrawal stays with you. Summer A/C bills are a significant expense, but you never pay for heat.

FIRE Lifestyle

$2.46M

A nice house in Coconut Grove or a waterfront condo in Brickell. You dine at good restaurants regularly, drive a late-model car, and have budget for boat rental days on Biscayne Bay and weekend trips to the Keys. At $10,000 a month with no state income tax, Miami is genuinely comfortable. Art Basel events, Heat season tickets, and a premium gym membership all fit within the budget.

Fat FIRE Lifestyle

$6.64M

A large residence on Fisher Island or a penthouse in a luxury Brickell tower. You have a full-time housekeeper, a cook who comes in several times a week, and a personal assistant. You dine wherever you want, travel first class, and own a boat for day trips on Biscayne Bay. Florida's zero state income tax means the full $33,333 monthly budget is available for spending. The lifestyle is wealthy and comfortable, with year-round warm weather and easy access to the Caribbean.

Retirement Confidence

The 4% rule is a great starting point. Here we go a step further and test your plan against real market history.

Enter your portfolio on the homepage to backtest a retirement in Miami against market history.

How this is calculated

This is a real historical backtest. We run your plan through every retirement-length window in US market history (1871–2022): a 75% stock / 25% bond portfolio, rebalanced annually, with withdrawals raised each year for that period's actual inflation. The success rate is the share of those historical start years in which the money lasted the full length without running out.

Your confidence level sets the bar: at Balanced (90%), a survival rate of 90% or more reads "You can retire here", within 10 points below is "Close — worth a closer look", and lower is "Not quite yet". The same level sizes the "Needed to retire here" target. Retirement length also drives it — early retirees planning 40–50+ years see lower survival than the 30-year baseline.

Healthcare, Visa & City Overview

climate Tropical

healthcare Excellent

english Widely spoken

safety Exercise caution

visa Easy

Timezone

EST (UTC-5)

Currency

USD

Language

English

Avg. Temperature

77°F / 25°C

Internet

200+ Mbps average

Airport

Miami International Airport (MIA)

Frequently Asked Questions About Retiring in Miami

What is the FIRE Number for Miami, United States?

The FIRE Number for Miami ranges from $1.5M (Lean FIRE lifestyle) to $6.64M (Fat FIRE lifestyle). A FIRE retirement requires a portfolio of approximately $2.46M, based on estimated monthly costs of $8,200 and a 4% safe withdrawal rate.

How much does it cost to retire in Miami?

Monthly living costs in Miami range from $5,000 (Lean FIRE) to $8,200 (FIRE), covering housing, dining, groceries, healthcare, transportation, entertainment, and utilities.

What is healthcare like in Miami for retirees?

Healthcare in Miami costs approximately $825 to $825/month depending on coverage level. ACA marketplace Silver plan; Florida premiums can be steep without subsidies.

What is the weather like in Miami?

Tropical with hot, humid summers and warm, dry winters The average temperature is 77°F / 25°C.

How safe is Miami for retirees?

Moderate – varies significantly by neighborhood