No. Those are rookie numbers. You will not survive with that.
You need atleast 15 cr per month, peasant.
U can survive in 5k by putting up a roadside tent. Rest 99lacs 95 thousand u can put in sip and mutual funds etc. U can eat at Indira canteen for 5rs per meal.
Use lemon soda to reduce alcohol after effects
Don’t make it Quora by asking dumb questions, please!
Considering this an honest question, and assuming no parental inheritance ( no house), it would go like this
Income- 1cr -65 lac in hand ( after taxes) - 5.5 lac per month
By standard 30% saving rule - 2lac in savings - 3.5lac remaining in hand
Expenses -
Considering 3bhk in good society -
rent = 65k per month
Car emi - 45k ( good suv like jeep compass)
Maid/subscriptions/weekend outings - 50k per month
So thats total = 1.6 lacs gone
Random expenses - 40k ( travel, gadgets)
Total monthly expenses= 2 lac per month
Remaining= 3.5- 2 = 1.5 per month
So yes it will be extremely comfortable, you can live in good society, get a good car and still have around 2+ 1.5 = 3.5 savings
Hence save for an year, get a house by some 30lac deposit and deploy 1.5 in emis and enjoy
U seriously think that is a honest question!!!