TwirlyJellybean
TwirlyJellybean

How to sort of retire with ₹70k SIP?

I am 28, and am aiming to retire by 40. I may still earn an active income post that, but that will be on my own accord and won't be much bothered about the income amount.

I am only eyeing mutual funds.

Risk appetite is above moderate to high.

Have got an emergency of about ₹11 Lakhs

I really appreciate your suggestions.

3d ago
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GigglyBurrito
GigglyBurrito

70k sip? How much are you earning bro

TwirlyJellybean
TwirlyJellybean

Around 1.7 lakhs per month bro (post tax and all deductions)...Have only 5k as debt lol, not married (don't even plan to), taking care of my parents

PeppyCupcake
PeppyCupcake

You are already on track if you are doing 70k sip. You can increase every year with 5-10 % based on your income and you will surely hit your FIRE number.

TwirlyJellybean
TwirlyJellybean

Yeah, I have planned to start from next month. I was looking for suggestions on what the Mutual Fund distribution should look like.

Also doing my own research on the side

MagicalHamster
MagicalHamster

Good you started but don’t save all eggs in one basket so plan well

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