Trending @Infosys; Age 35 .Earning 80 k ..saving plan ?
Hi Folks …my age is like 35 and earning around 80k monthly ..saving around 25K with different SIP plan ..so in that way if will continue to save for next 25 year at the age of 60….even or add little bit more and if it will result as 15% .then also it will around max 5-6 Crore So that makes be very anxious as ..as child education to marriage and buying a house 2/3 BHK in tier2/3 city even at that Time might will cost 5 crore or may be higher….along with as other ongoing expenses and responsibilities as well So now very confused how to plan as …..this much of saving seems very impractical So what all you have plans pls share if something solid you have
Your costs will go up only from here !! I think you are doing a good job on savings front. But o am not sure if you can maintain it with wife and kids. So better option is look for raise in income so that you can save atleast 50-60k per month. It also depends on what assets you have built and other debts you have. My folks retired with a PF for 70-80 Lakhs and 2 houses. They are able to manage on their own without any dependency on me post retirement. If your kids complete education and are married by the time you retire you can survive on very less provided you have a house of your own and some rental income from second house
