
Reached Net Worth of 6 Crore this month, after 20 years of working!
But the value of ₹ has gone down quite a lot. Looks like the FIRE amount is now 10 Crore
1.5L/mo is your expense before retirement. What would it be after? Some expenses are mostly tied to the job: Commute, servants, 3BHK near the office, Eating out, Travel to home city etc. For others, their expenses after retirement increase manifold with 10hr of daily free time not tied to a PC.
What would your case be?
I have rnough work to be done at home, full time mothers jobs
YoE?
13 years for me, 11 for my husband
1.5 Lakh includes rent, servants .Expenses on holiday , school fees may add 5 LPA separately. 6 cr is in FDs/ MFs/PPF .
Now. Retire now. Live remotely. Work remotely to your comfort.
Never take retirement & never be afraid to get fired
Build a home in city ypu want to retire into . A decent one , dont over invest ,avoid metros shouldnt be a problem if you arent from a lawless north india village
Do swp from 1 crore MF and 1 crore debt MF. Keep 2 year buffer . Contribute savings to debt MF so that eventually expenses are done via debt mf swp
1.5L includes emi/rent?
Learn to trade iron condor strategy and make money off the time decay of options contract
Wondering how 6cr is distributed
But the value of ₹ has gone down quite a lot. Looks like the FIRE amount is now 10 Crore
Can someone retire with 1cr - invested in FD and stocks..having own home ..no debt ..annual expense - 5 lakh..
Networth = All assets (property, equity, debt, gold, etc) - All liabilities ( loans, credit card dues)