Can someone retire with just 50 Lakh in hand at 30.

You can't have the same car for 50 more years. Your house will need pieces of renovation in the next 50 years. Your body parts will start crumbling in the next 50 years. Inflation will continue to eat your money in the next 50 years. So no way you can survive with 1L per year for the two of you.

You can retire provided you keep doing some random stuff on the side to bring in money. Even if not much, something.

> expecting to be alive till 80 Damn, look at mr hopeful over here!

50 lakh at 30 is NOT a huge amount for the rest of your life. If you moved to a small town then maybe yes, you can live a low profile life. But even there, you can’t ignore the costs of medicine in case you fall sick. Wait, let me do some math, its much easier that way. Lets say you planning to use this amount till 60. So you have 2 people to feed for 30 years. Every year you can spend only 1.6 lakh. Every month it is 13,300 rs between two people. Now, ignoring all the inflation that is happening, let’s say the costs remain the same for 30 years. You have mobile bills, fuel/commute,clothes, Gas cylinder, food, basic toiletries and make up. Also other occasional things like visiting relatives, doctor visits and maybe some furniture update/renewal, vehicle repair and home repair (painting and stuff) I mean you probably can manage all these things in 13k month today. Its not impossible because people do survive on 13000 a month even though with a very very plain life. But pretty sure in your 50s with more doctor visits, no children to take care of you and costs of things rising it will be impossible or at least not a life you can get if you keep working at google for a few more years.

If you won't have kids in future and you just want eat, sleep, repeat kind of lifestyle, then yes you can retire in a tier 3 city. But this lifestyle will become so boring after some time and you yourself will crave for some work. Probably you can do some part time work which can give around 25-30k per month, spend that money and keep you 50 lacs saved. But still the practical suggestion would be to keep grinding for some more years and save as much as possible. I too have around 1cr and I don't like to work at all but I am trying to reach 3cr target before retiring

The concept for FIRE has been misunderstood by many. Retirement doesn't mean not working or doing anything by travelling and watching TV. It means one pursues his/her passion and/or indulge activities that in that can generate money at his own pace. Try quitting your job ad ado a trial retirement. You might enjoy it for a month. After a month it will be boring.

No.

How much do you have in equities and debt?

I suggest to work as a salesman as part time in weekends and then you will get the answer yourself.

If you don’t want to work again,aim for savings of 300-400x your monthly income needs today. Preferably higher. If you continue working, you can do with a lot less. The key is sustainability. Spend less than you earn and the money never runs out. Inflation is a monster though and it will chase you your entire life.

No In case you want to still go for it, I would suggest sell all the assets you have, grab the money and live in the wild/nature/Himalayas. This will cut down your expenses significantly, you will be away from mohmaya, you will probably have less health issues Jokes apart- It would be very bad planning

Can? Well, yes. Should you? Absolutely no.

50L will give you an inflation-adjusted income of 2L/yr, that's close to the current per-capita income of the country. I doubt someone with an account in grapevine can manage with that.

I can understand the urge...but yes take a risk and go for it. If things don't work out you can always move to Bengaluru Hyderabad 😉

Bhai tu Google mei hai, tu ye sab kyu soch Raha hai ?

Kids? If yes then rethink otherwise also rethink

The more important question you should ask yourself is what are you going to do with all the time on your hands? If you have the answer to that, I think you should be ok. Also, no harm having a bigger nest egg, but if you realise few years in that you need more money, then it’s a bit of a challenge.

It's impossible to retire at this stage. I would say try something new, like may be an youtube channel/small business/art&craft as a new career. Retiring early is never an option at this stage.

I don't know ppl study for almost 20 years only to retire in 10. My personal thoughts

I dont think its a good estimate I plan to live till 60 And still feel that 50L is too less considering how expensive things have started to get