How much corpus is required to retire from tiring IT job?
Hi folks, wanted to check and get your views on corpus required to retire and do some only freelancing work on adhoc basis. Can a person with approx 3.5 CR in various assets like PF, Mutual funds, stocks and bonds... with a house and a flat and housing loan paid off can retire? Age - 40 years and 1 kid. Your views please....
Only you can do the math. We know nothing about you. Your monthly expenses. Your vacation destinations and frequency. Health of people in your family etc.
Thumb rule is to have at least 35x - 40x of your monthly expenses and your corpus will last for 30 years in the best case scenario (assuming there have been no emergency, large expenses).
We need to know your monthly expenses
But if your expenses is within 3% SWR then you are very much safe
