BubblyBoba
BubblyBoba
10h

How much money will make you say 'I quit' from this sick corporate life and retire to do what you want/love?????

You stay in a city like Bangalore, with two kids pending education and have your own house.

10h ago
BubblyMuffin
BubblyMuffin

I don't plan to have kids, my targets are -
3cr barista fire 5cr lean fire 10cr comfortable fire 20cr top cap - I wouldn't be able to spend more than this meaningfully

When I hit 5, I'll quit if I hate my job. If it's manageable I'll go till 10. I'll go till 20 only if i enjoy my job. After 20 I will stop working for money and do open source/charity/social work full time.

BubblyMuffin
BubblyMuffin

This is NW including house.

TwirlyMochi
TwirlyMochi

But if you live in a metro city, your house itself will be 3-4Cr as a decent average. Won't that basically eradicate your first two options?

BubblyWaffle
BubblyWaffle

Is it even possible to make 20cr for everyone who retires in corporate world?? I think 1 flat and 4-6cr is max one can save on average. May be high earners can earn 20+ but not everyone can target 20cr for retirement

FuzzySushi
FuzzySushi

10cr is realistic. Anything beyond that is superficial unless you're earning exorbitant amounts

TwirlyPretzel
TwirlyPretzel
5h

1Cr will move out of city and will live peacefully

BouncyBagel
BouncyBagel

Jhootey

MagicalPanda
MagicalPanda

Doesn’t it feel funny hum log gaand ghiste rhte hai ki thoda paisa bach jaye , SIP kar le taaki future thoda secure kar ske khud ka . And then there are folks jo gaand hila k insta pe laakho chhap rhi hai , politician crores ka ghotala kar rhe hai.

Btw to answer your questions I feel - If the house is sorted 3-4 cr is more than enough to retire in Tier2-Tier3 cities.

ZoomyPenguin
ZoomyPenguin

The flaw is staying in city like bangalore. If I have loan free house in Bangalore then I would sell it and get 3 tier my home town and buy a house over there if have 1 crore bank balance, I would be still working but at a place where it is not stress full (especially physically active to keep me healthy)

ZoomyBanana
ZoomyBanana
2h

30-50 cr max

PrancingMuffin
PrancingMuffin

1 Cr cash

DancingUnicorn
DancingUnicorn

20cr

PrancingPenguin
PrancingPenguin

200 cr

PrancingWalrus
PrancingWalrus

If house sorted then 3 Cr will be enough given you manage it well

Discover more
Curated from across