India FIRE number 🔥
Let's get a view of community here on what we think is the ideal number to retire
Please share considering,
- No salaried income after retirement, only interest/returns income
- Considering secondary low effort jobs post retirement
- Mention tier 1/2/3 city which you considered in you calculations
- Suggestions and tips for personal finance and investments
- Any other factors I might have missed here.
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30 cr for leanfire
It's sad people believe this is what it takes to retire.
Wow 30cr!?
Tier 1 : 5 Cr. Tier 2 : 3 Cr.
Whaaat? 5 cr in tier 1?
I believe it's better to settle in tier2/tier 3 cities post retirement. Generally spending cuts is about 30% due to this. I believe if any individual has 1 lakh fix spends then may be one needs close to 3 cr to maintain lifestyle and make it double for margin of safety. So put you numbers in place of 1 lakh a month. Assumption is you have your own house. (Maybe not in tier1 city but your city of choice post retirement)
tier 1: $2M ~ 16cr luxurious fire
Tier 1: 10 cr as of 2025 Tier 2: 5 cr as of 2025
Keep adding inflation every year, otherwise doesn’t make sense to have this by 2035..
Should cover stable income and unexpected issues for rest of the life including beating inflation.