Retirement
How much money do you need to retire at 30? Lol
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IamBiztech
Student
8 months ago
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
3. How much you are doing for your health as ailments and chronic diseases are becoming common , so better take care of it too to avoid further unplanned expenses
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).
https://m.economictimes.com/news/india/how-much-money-you-need-to-join-indias-richest-1-club/articleshow/100303492.cms
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%
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majboormajdoor
Stealth
8 months ago
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
My question is if you retire at 30 what will you do for the rest of your life
SteveRogers
Stealth
8 months ago
69.69 crores
Depends on your expenses. Normally the formula is current expense*12*number 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.
A completely opposite POV which I have to the normal concept of early retirement: If you retire at 30, you will end up just spending money for 50 years, so you will need more money in your retirement corpus. Rather retire late so you need to keep a smaller corpus.
Retire become sanyasi and join a ashram. Do meditation all day and be blissful 😊. May be one day you will become a yogi and the mint money at 40s. You would be a multi billionaire.
