What is your retirement golden number
How much do you plan to accumulate to retire and at what age? What kind of monthly income will let you retire peacefully?
Will retire with 10 cr with house paid off.
Where are you currently in this journey?
Currently I'm 28, my total savings + investment is around 2 cr.
Doing SIP of 80k monthly, so even at modest 13% return it would help me accumulating 3 cr in 12 hours. Other than that I do some lump sum investing in Stocks/FDs/Bonds.
Haven't bought house yet but planning to do so in next 2 years.
Not calculating any ancestral property. Also, not factoring increase in TC because my expenses would also increase with time.
Not retire per se but I plan to spend more liberally after hitting 5 crores in NW.
10 crores of NW in current rupees is good enough to retire in my opinion.
Hope to hit 5 crores my 33 and 10 crores by 37
33cr. by 30. everything included.
Where do you stand in the journey?
17%. Age 22. exponential growth ahead.
Early retirement is a Myth
Yes it is
Lol, who told you that? No, it's not. I have multiple close friends who saved up a 5-10 crores from their salary and stock options, and retired in their 40s. Now they just read books and watch TV all day, and travel, and play music and go to concerts etc. Just the annual interest from their savings is enough to fund their life, while their principal amount continues to sit untouched, all while doing zero work now.
By 45 with a networth of 20-30 crores. For context : current networth 2 crores. Net worth back in 2020 : Negative 8 lacs (college debt)
- Negative generational wealth (supporting both parents alone. Single child)
That’s a small number considering you are working for BCG.
