FuzzyMuffin
FuzzyMuffin

FIRE target in India?

What is your FIRE target in India?

6d ago
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BubblyPotato
BubblyPotato
SAP4d

10cr and I ll leave blore nd will never come back, will go to my native..chill attend all sort or function from marriage to bday to funeral function nd enjoy.. buy few cows , will work some small job just for daily expenses and done..

SquishyNarwhal
SquishyNarwhal

Good dream but do you think you will actually do this

ZippyNarwhal
ZippyNarwhal

What will you do with 10 Cr when you will still be working for your daily expenses ? If you intend to work only to cater to your daily expenses , can’t you do it now as well ?

BouncyBagel
BouncyBagel

20cr if I were to retire today.

Giving this high number for:

  1. Children’s education and marriage
  2. Parents (both mine and wife’s) and grandparents’ medical expenses
  3. Vacations and regular expenses + house upkeep
FuzzyMuffin
FuzzyMuffin

20 cr without house? How many kids?

BouncyBagel
BouncyBagel

Yes without house, 2 kids, 2 parents, 2 parents in law, 2 grandparents.

BouncyPickle
BouncyPickle

5 shall be very comfy for me … with 7% FD interest also I would be making close to 3 lakhs a month pre tax which is more than enough. But 3-3.5 cr is also very doable.

FuzzyMuffin
FuzzyMuffin

Inflation will be an issue no?

BouncyPickle
BouncyPickle

It will be but still I think I can manage well with 2.5-3 lakhs a month for the near foreseeable future

DizzyCoconut
DizzyCoconut

3 Cr
Don’t be surprised
Let’s assume if you can adjust your life style by 1 lakh per month 1 cr you roughly spend in 10 yrs but invest 2CR in passive index funds which you will take only 50% of that fund after 10 years which covers your inflation
That 50% never dies
Key is you need to live max 1 lakh per month cap

SquishyPanda
SquishyPanda

And that, today, is very much doable!

FloatingPanda
FloatingPanda
TCS4d

15 cr

ZippyJellybean
ZippyJellybean

Give a plan of how TCS guy can achieve 15 crore realistically if he is in Service based company throughout his career

FluffyKoala
FluffyKoala

Rs. 5 crore

WigglyPanda
WigglyPanda

Minimum 4 Cr INR with out any commitments

PerkyCupcake
PerkyCupcake

2 crore is enough for me ,i will do fd 2 crore then easily I can get 1 lakh intrest per month

CosmicDonut
CosmicDonut

7 cr is okay . 10 cr is great keeping in mind kids education and medical emergencies in mind assuming one is not leaving in metro and has a house wherever he is spending retirement life .

CosmicDonut
CosmicDonut

Typo* one is not living in metro *

GoofyUnicorn
GoofyUnicorn

₹1

FuzzyMuffin
FuzzyMuffin

Very smart reply. Thanks

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