Just want to know what your current net worth is (including house, -debt) and what is your target saving for you to not earn anymore?
e.g. 2.25 lacs in hand means 3.3 lacs per month/40lacs per annum before tax, implying at a 4% withdrawal rate, you need 10 crores of savings.
In India it is around 7-9 Crore for tier1 metro cities. Kind of money you need to maintain lifestyle if 80Lakh CTC package. 5 Crore basic minimum. If you are in medium size city, you can reduce it by 30%.
For 80 lacs CTC you need 20 crores of savings assuming your fund grows with inflation
12% ROI assumed. 6% goes for inflation. Rest 6% is around ie around 50 lakh( 6% of 8 Cr)is for expense. A lot depends on kind of investment you have. Also, most people by retirement mean “free to pursue” dream. In 2-3 years, most kinds of dream start getting some $$.
You guys have hobbies?
60 lakh loan. In BLR, 3 sites and a 3 BHK flat. 57 lakh stocks. 25 lakh MF. 12 lakh PF. 10 Lakh NPS, 5 lakh FD, 5 lakh savings account, 4.5 Lakh SSA, 2.5 Lakh PPF, 25-30 lakh gold, Approx 35 lakh gave it to interest. Expected to get 15 lakh in 1.5 year from another investment.
The FAANG and unicorn employee salaries for even 2-7 YOE engineers is quite insane compared to the average Indian employee pay in other sectors of the economy.
The average SDE2 at these companies makes 50+ lakhs per year in compensati...
Giving 34.2% directly and 18-28% indirectly to gormint. My biggest expenses by a country mile.
Hi all awesome people, I have been investing for 7 years now, since I started my job and below is the break down of my current SIPs:
Category Fund Amount Small cap Nippon India Small Cap Fund 15000 ELSS Quant Tax Plan 7000 Flexi cap Par...
How much do you plan to accumulate to retire and at what age? What kind of monthly income will let you retire peacefully?
Dimag kharab hogaya thread padhke.
Here is the break-up - Residential Plot we Just bought from our Indian Stock Selling - 90L Equity - 40L Crypto - 6L US Stocks - 26L Mutual Funds - 10L NPS and EPF - 22L Cash - 6L
I have not factored in inheritance of about 1...
Not 2Cr even 20Cr you won't be satisfied. First, think about what you want out of life, money is not (the only) ...
What is your retirement plan? I found 25X annual saving rule for developed economies where inflation is stable.
Any thoughts on this?