What is your retirement golden number
How much do you plan to accumulate to retire and at what age? What kind of monthly income will let you retire peacefully?
SebastianFettel
Stealth
a year ago
Arey seriously why do we have so many depressing posts on Grapevine these days 😭
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WolfgangMozart
Stealth
a year ago
I hope to save 5 crores by 55 and retire, and then travel full-time around the world.
300SL
Student
a year ago
I think 5cr is a bit less
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SabChangaSi
Stealth
a year ago
Where are you currently in this journey?
Currently I'm 28, my total savings + investment is around 2 cr.
Doing SIP of 80k monthly, so even at modest 13% return it would help me accumulating 3 cr in 12 hours. Other than that I do some lump sum investing in Stocks/FDs/Bonds.
Haven't bought house yet but planning to do so in next 2 years.
Not calculating any ancestral property. Also, not factoring increase in TC because my expenses would also increase with time.
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DesignTinker
Stealth
a year ago
I can retire once my investments and savings are worth 8Cr
SabChangaSi
Stealth
a year ago
Including house?
DesignTinker
Stealth
a year ago
Yes, which I don’t have now.
But will buy one close to retirement. A 1-2 bhk will be good enough.
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Not retire per se but I plan to spend more liberally after hitting 5 crores in NW.
10 crores of NW in current rupees is good enough to retire in my opinion.
Hope to hit 5 crores my 33 and 10 crores by 37
SabChangaSi
Stealth
a year ago
What do you do? How do you invest?
Product Management. 100% equity. Have been investing from when I was in undergrad using my pocket money.
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ArchGamer0
Student
a year ago
33cr. by 30. everything included.
SabChangaSi
Stealth
a year ago
Where do you stand in the journey?
ArchGamer0
Student
a year ago
17%. Age 22. exponential growth ahead.
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SabChangaSi
Stealth
a year ago
Yes it is
WolfgangMozart
Stealth
10 months ago
Lol, who told you that? No, it's not. I have multiple close friends who saved up a 5-10 crores from their salary and stock options, and retired in their 40s. Now they just read books and watch TV all day, and travel, and play music and go to concerts etc. Just the annual interest from their savings is enough to fund their life, while their principal amount continues to sit untouched, all while doing zero work now.
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Sadmonk
Stealth
a year ago
10 mil USD
SabChangaSi
Stealth
a year ago
Where are you currently in this journey?
Sadmonk
Stealth
a year ago
On my way. Got a bunch of paper money need to make it an exit. I think like 5 yrs of death away
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My golden number is ₹5 crores in today’s money. Roughly ~8cr, ten years later to live the lifestyle that I live today and not worry about money.
But to live the lifestyle that I want to live and I’m truly happy in, 3cr today or ~4.5cr ten years later.
Plus, ~2.5cr for a house - again 10-12 years later.
SabChangaSi
Stealth
a year ago
So 7.5 cr including house? Any generational wealth accounted for?
Not counting inheritance because it is a very small figure and I don’t want to get that into calculation.
7-7.5cr is my lower estimate.
10-11cr is my higher estimate.
Lower Estimate can be achieved in mid-40s. Higher estimate would mean taking higher risks, which I’m not okay with.
I have thought about this a lot and the number for me including the buffer is 10 cr. I do not plan to have kids but if I change my mind in the future, I will have to re-think this number.
I am 28 right now with a net worth of ~2.6 cr. I plan to take my first sabbatical next year and see how it feels to be kind of retired. I don't have a target age in mind for retirement but I feel 10 cr is reachable within the next 10 years. I am not fixated on retiring early and try to strike the right balance between enjoying today and saving for the future.
SabChangaSi
Stealth
a year ago
How did you amass 2.6 by 28?
Disciplined investing since my very first salary. I have been increasing my investments with every salary hike. I was the only earner in my family until recently when my sister graduated and started earning so there was always this sense of responsibility from early on that I have to be good with finances to take care of the family.
How much you're able to save matters more than your investment returns early on. I have been extremely lucky in almost always getting higher than market salary and my savings rate has always been higher than 60%. As my income increased, my savings rate has increased with it. Currently, it is around 90%. I live a frugal lifestyle but I do spend a lot on things I really like - good food and international travel every year.
Pvykey
Stealth
a year ago
1Cr with a acre of land in a village like Sridhar Vembu.
SabChangaSi
Stealth
a year ago
Where do you want this land?
Pvykey
Stealth
a year ago
Near to a village home and do organic farming. More than enough to have a peaceful life. With 1Cr the interest is 2.7 lakhs per month.
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NealCaffrey
Stealth
a year ago
10cr. Can retire peacefully in tier 2 city
SabChangaSi
Stealth
a year ago
Even tier 1 if house is paid for.
NealCaffrey
Stealth
a year ago
Considering 2 kids.. 10 cr in tier 1 is less if you want to pay for their education
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By 45 with a networth of 20-30 crores. For context : current networth 2 crores. Net worth back in 2020 : Negative 8 lacs (college debt)
* Negative generational wealth (supporting both parents alone. Single child)
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Nothing Saved as Retirement.
Want to travel and enjoy life when I can.
Try ventures and adventures,fall,fail and again get up and start walking (which I have been doing).
Failure is scary but It makes you stronger and changes your perspective in life .
Enjoy life while you can and don't wait for your 50's and retirement as health might not be on your side or you are not interested in what you enjoy now...
Baki retirement savings ho jayegi,if you are disciplined and have a target.
Life jiyo aur plan bhi karo everything will fall in place...
Don't take this as a gyaan..... just sharing my perspective 😁
SabChangaSi
Stealth
a year ago
That's a good perspective. I honestly feel it's important to plan for this golden number so that you don't worry about it later.
Qwerty2398
Stealth
a year ago
I am enjoying my work. So I would like to work till my checkout day.
I tried taking the early retirement. It was so boring. I could handle only 1 week.
SabChangaSi
Stealth
a year ago
How much is your corpus currently?
Qwerty2398
Stealth
a year ago
Qty here is meaning less unless you know how to deploy them. You can have 10cr. But if you are going to keep them in FD and hope to live out then it is not possible
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Equitymaster
Stealth
a year ago
Thumb rule is your monthly expense multiplied by 400 (when you have house and no liability).
Will retire with 6-7 crores and a house paid off
Currently living in my own house, so once we shift to new house will generate a rental of 50k from here.
Investing heavily in SIPs ~1.2lakh/month
Investing in LIC that will generate me 60-70lakhs after 11 years from now
Currently have around 20 lakh invested.
Planning to retire by 45
5 crore.
I come from a T-2 city, it's more than enough that I live just on the interest gains from the 5cr corpus.
Itna paise ho bacche ki dedh lakh dollars ki college fees bhardu aur dikkat na aae 🤣
Its easy to retire with a Billion dollar in 15 years in Indian Economy.
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