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....
We need to know your monthly expenses
But if your expenses is within 3% SWR then you are very much safe
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).
I'm 28 years old right now. And what I feel is I don't want to work in corporate beyond 40. How much corpus i need to make if plan to do SWP and earn decent 3-4 lakh per month passively.
I know the number may sound very aggressive but ...
Hey, I am 45 years old and working in IT. I have a stock portfolio of around 3 cr and other investments in ppf, fd etc of 1 cr. I have a loan free car and house in tier 2 city.
I am planning to retire. Is my savings good enough for ret...
So, Ive spent over 13 years in IT. Saved 1.2 cr in FDs, NPS,PPF,PF and mutual funds. Around 15 tola gold il that Inbougt. I am tired and I want to quit and be a full time mother. But my husband is unwilling to support me financially and ...