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 ...
By plan, I mean
10 crore - current 7 crore - will reach there in 1 year - currently 37 yo and 1 kid - will focus on teachi...
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...
Just met a dear friend with 10+ yoe and earning 33L per anam.
He doesn't want to get promoted or salary hike as he is getting enough as per need and wants to have good WLB. He is accumulating a 3cr corpus and planning to retire in 10...
That dude has understood life, i’m 25 will do the same
Can someone retire with 1cr - invested in FD and stocks..having own home ..no debt ..annual expense - 5 lakh..