Just want to know what your current net worth is (including house, -debt) and what is your target saving for you to not earn anymore?
e.g. 2.25 lacs in hand means 3.3 lacs per month/40lacs per annum before tax, implying at a 4% withdrawal rate, you need 10 crores of savings.
In India it is around 7-9 Crore for tier1 metro cities. Kind of money you need to maintain lifestyle if 80Lakh CTC package. 5 Crore basic minimum. If you are in medium size city, you can reduce it by 30%.
For 80 lacs CTC you need 20 crores of savings assuming your fund grows with inflation
12% ROI assumed. 6% goes for inflation. Rest 6% is around ie around 50 lakh( 6% of 8 Cr)is for expense. A lot depends on kind of investment you have. Also, most people by retirement mean “free to pursue” dream. In 2-3 years, most kinds of dream start getting some $$.
If u live below ur means, it’ll be sooner than later. But the way world is going, education fees et. al. u better live a bit now itself and then if u r lucky, u’ll hit the independence anyway
What is the point of living if you can't do what you want when you want
You guys have hobbies?
60 lakh loan. In BLR, 3 sites and a 3 BHK flat. 57 lakh stocks. 25 lakh MF. 12 lakh PF. 10 Lakh NPS, 5 lakh FD, 5 lakh savings account, 4.5 Lakh SSA, 2.5 Lakh PPF, 25-30 lakh gold, Approx 35 lakh gave it to interest. Expected to get 15 lakh in 1.5 year from another investment.
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.
The FAANG and unicorn employee salaries for even 2-7 YOE engineers is quite insane compared to the average Indian employee pay in other sectors of the economy.
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Giving 34.2% directly and 18-28% indirectly to gormint. My biggest expenses by a country mile.
Bought car, apartment. Cleared home loan in 2.5 years. Bought an office in gift city with 10% DP, remaining installme...
I stay in blr. Depends on location but for two people you can get decent space for 40k groceries and food max 20 k , ...
Here is the break-up - Residential Plot we Just bought from our Indian Stock Selling - 90L Equity - 40L Crypto - 6L US Stocks - 26L Mutual Funds - 10L NPS and EPF - 22L Cash - 6L
I have not factored in inheritance of about 1...
Not 2Cr even 20Cr you won't be satisfied. First, think about what you want out of life, money is not (the only) ...
Bhai kya clickbait title hai. Happy that you've accomplished so much, congratulations for the goals, but serious...
I was happy with my first 20k. Was Same level of happy at 2L, 20L, 2cr and so on. I get my happiness from family and ...
What is your retirement plan? I found 25X annual saving rule for developed economies where inflation is stable.
Any thoughts on this?
