and at what family income? Family in question here is in their late thirties with an 8 to kid and a 68 yo father. Will be leaving behind a comfortable own house in a city with no growth. Husband and wife are into VC and Media industries.
You can't possibly time this.
I'd say when one of them gets a job in Mumbai that allows anchor.
Major costs are:
Rent (depends on location) but at-least 1 / 1.5 L pm for a 3 BHK School fees - ICSE / CBSE schools are reasonable sub 2L pa, IB schools are 5 to 15L pa Food & Entertainment are in line with other metros, in some specific cases marginally more expensive
So for a comfortable life I'd say an income of 1 Cr a year. 30 L in annual expenses + 30L in investments + 40L to Sarkar.
Thanks! Helpful... although..makes it out of reach 😊
@FineGinger I'm erring on the side of abundant caution. You may be able to optimise depending on where you place of work is.
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