How much money do you need to retire at 30? Lol
Well I would say anywhere between 10-18 crores keeping in mind the inflation and the type of lifestyle one has .
second thing is having a good life partner who can help you Sail the ship of your life without much hardships
Lol, India's top 1 % has "only" 1.4 cr networth and vast majority of people do just fine in a tier 2 city with that much (assuming paid off home).
18 Cr is US-esque money, a country that has 30x our country's GDP per capita. Unless you are planning to retire in South Mumbai , even 1/10 of your suggestion would be enough for tier 2 cities
I think 18Cr is the right amount to consider. Given that retiring at 30 means at least 30-40 years of living on the expenses with an inflation of 6-7%
Have 80L Invest in very safe yielding 6% instruments. 0.5% monthly return is 40K monthly.
If you can sustain your month within 35K, you can retire at 80L
You need 5 crore more than whatever you think you do
My question is if you retire at 30 what will you do for the rest of your life
Depends on your expenses. Normally the formula is current expense12number of years going to spend in retirement.
There are other assumptions in this, like savings are invested in equity and debt. And if you need a calculator check sebi site it has different calculators for all your needs.
69.69 crores
Retire become sanyasi and join a ashram. Do meditation all day and be blissful š. May be one day you will become a yogi and the mint money at 40s. You would be a multi billionaire.
Age 30, married, expecting to be alive till 80 50 L in cash Own house & car (no plan to sell any of them) No kids, no loans, no expectations, just basic life Nothing from family
Excel calculation is hinting yes :) But need practi...
You can't have the same car for 50 more years. Your house will need pieces of renovation in the next 50 years. ...
How much do you plan to accumulate to retire and at what age? What kind of monthly income will let you retire peacefully?
Dimag kharab hogaya thread padhke.
I can retire once my investments and savings are worth 8Cr
Will retire with 10 cr with house paid off.
I wanted to share my Net Worth as per INDmoney, and understand how I compare with the others here.
The goal is to reset my goal after looking at people doing better than me, and provide some guidance to people that might be aiming to r...
Just met a dear friend with 10+ yoe and earning 33L per anam.
He doesn't want to get promoted or salary hike as he is getting enough as per need and wants to have good WLB. He is accumulating a 3cr corpus and planning to retire in 10...
That dude has understood life, iām 25 will do the same
Seems pretty amusing about folks talking about this and that crores. People need to get out of their cocoon and...
Please encourage him to do this, he has understood the purpose of his life in some way
