Neo69
Neo69
InMobi

What should be the savings number for FIRE?

Especially in a city like Blr?

3mo ago1.7K views
PaytmMaadi
PaytmMaadi
Paytm3mo

If retired, why to even live in Blr? Better to move somewhere else

LostMinutes
LostMinutes
Flipkart3mo

I'm gonna do the same as OP. My reason: Been in cities all my life

PaytmMaadi
PaytmMaadi
Paytm3mo

You would need a lesser amount to retire in tier 2 cities

Codex
Codex
TCS3mo

Retire with at least 3 Cr, property and secondary income sources when you do retire

FearfulFiery
FearfulFiery
PayPal3mo

Here is the BARE minimum

  • 60L emergency fund
  • 1 Cr for your child's education (not a fancy education)
  • 1x decent home: 1.25 Cr
  • Savings to travel and eat outside: 1.5 Cr
  • Another 1 Cr for all the basics

So my guess is that minimum 5 Cr invested into good vehicles giving you 7% returns each year.

Feel free to debate me on this.

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