CosmicDumpling
CosmicDumpling
19mo

What should be the savings number for FIRE?

Especially in a city like Blr?

19mo ago
PrancingNarwhal
PrancingNarwhal

If retired, why to even live in Blr? Better to move somewhere else

SillyBurrito
SillyBurrito

I'm gonna do the same as OP. My reason: Been in cities all my life

PrancingNarwhal
PrancingNarwhal

You would need a lesser amount to retire in tier 2 cities

GigglyHamster
GigglyHamster
19mo

Retire with at least 3 Cr, property and secondary income sources when you do retire

FloatingBanana
FloatingBanana
19mo

Here is the BARE minimum

  • 60L emergency fund
  • 1 Cr for your child's education (not a fancy education)
  • 1x decent home: 1.25 Cr
  • Savings to travel and eat outside: 1.5 Cr
  • Another 1 Cr for all the basics

So my guess is that minimum 5 Cr invested into good vehicles giving you 7% returns each year.

Feel free to debate me on this.

Discover more
Curated from across