SillyNarwhal
SillyNarwhal

What's your retirement corpus goal?

How much do you think is enough?

It's usually never enough for a lot of people and life is bound to throw a lot of curveballs along the way (for better or for worse), but what's the first figure that comes to your mind at which you feel "okay, if I work for X more years and amass this much money/net worth, I can comfortably hang up my boots and retire"?

Additionally, how far along are you in achieving this goal?

I've noticed that a common trend is that a lot of folks, for all their future planning, still don't have enough (or as much as they would like) long-term clarity about what they're working towards and how much more and was hoping this sort of discourse could help bring better awareness. P.S. - I fall in that category as well, fortunately or unfortunately.

15mo ago
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PerkyDumpling
PerkyDumpling

My goal is 10cr

ZoomyMuffin
ZoomyMuffin

With conservative 7% return, you wud make 70L annual, which is 6L monthly. Are you really sure you need to have this high?

PerkyDumpling
PerkyDumpling

I don't want to work after 45 for that much I don't think it's that high I am 33 now

ZoomyMuffin
ZoomyMuffin

It was 2Cr 3yr back. Figured that I would earn 7-8% annually on it giving me around 1L/month. Now, I am not so sure. Everywhere people say that 5-8Cr is minimum needed.

ZoomyMuffin
ZoomyMuffin

These above figures are goal numbers, which I am nowhere close to! Better to clarify 🤣🤣

GoofyDonut
GoofyDonut

Username checks out 🫂

MagicalDumpling
MagicalDumpling
DotPe15mo

Retirement corpus planning is as vague as it gets and it would keep changing with your goals and changing.

Your retirement goals should be to experience things you want to including traveling, food and create memories while saving money that you can.

Its important to save for the future but enjoy your present and life.

We think so much of retirement but ask someone with near death experience or is critically ill about their regrets and money would be the last thing on their mind.

De-stress, enjoy, be happy and make memories before the body gives in and you have all the money and time but can't eat this or that or can't travel due to health issues or maybe you lose interest in things you have planned to do after retirement.

Just think about things to do before I die and try making them happen while you also save some money :)

PerkyDumpling
PerkyDumpling

I take break 4 times a year and don't care about work that time. Agreed on that

FluffyPanda
FluffyPanda
Swiggy15mo

20cr given the inflation and devaluation of rupee overtime.

GoofyPickle
GoofyPickle

There cannot be any set goal amount.

One day you will wake up and find yourself sufficient to retire. After this, you will still probably continue to work, but for different reasons.

GoofyPickle
GoofyPickle

There cannot be any set goal amount.

One day you will wake up and find yourself sufficient to retire. After this, you will still probably continue to work, but for different reasons.

BubblyBagel
BubblyBagel

Comfortable retirement age = f ( current age, desired lifestyle, current corpus, dues and loans, investments, expected responsibilities, luck )

Solve.

GoofyDonut
GoofyDonut

"Comfortably" "retire"? Is this some sort of GenX joke we're too young to understand!

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