Retirement Planning

[mcdowl_murthy]

What are your thoughts on retiring early ?  I am 45 and thinking about retiring around 50 and spend remaining time doing something that I like.

What is the networth when you think its ok to retire ?

[mettastar]

3 minutes ago, mcdowl_murthy said:

What are your thoughts on retiring early ?  I am 45 and thinking about retiring around 50 and spend remaining time doing something that I like.

What is the networth when you think its ok to retire ?

Making min 200k in passive income to retire completely

[mcdowl_murthy]

2 minutes ago, mettastar said:

Making min 200k in passive income to retire completely

Why does someone need 200k post retirement. Just a curious question ?

Post retirement you should not have mortgage.

[Sucker]

25 minutes ago, mettastar said:

Making min 200k in passive income to retire completely

Passive income 200K na yela no chepthe vuncles antha ippude retire aitharu ee podhunna lechi troubleshoot chese thippal nduku 

[krishnaaa]

23 minutes ago, mcdowl_murthy said:

Why does someone need 200k post retirement. Just a curious question ?

Post retirement you should not have mortgage.

200k for US. You might not have mortgage but you will have health expenses.

50-60k if you want to retire in India

[krishnaaa]

2 minutes ago, Sucker said:

Passive income 200K na yela no chepthe vuncles antha ippude retire aitharu ee podhunna lechi troubleshoot chese thippal nduku 

200k passive income is easy if you love th investing game.

[Sucker]

Just now, krishnaaa said:

200k for US. You might not have mortgage but you will have health expenses.

50-60k if you want to retire in India

50-60K retire in India ante Maa millioner @The_Mentalistanna yeppudo velle vaadu last year ne 

[mettastar]

6 minutes ago, Sucker said:

Passive income 200K na yela no chepthe vuncles antha ippude retire aitharu ee podhunna lechi troubleshoot chese thippal nduku 

Invest 4M withdraw 5% every year simple 

[Sucker]

Just now, mettastar said:

Invest 4M 

Adhe vunte Maa potta batta vuncles ki ee thippal avasarama vuncle

 

[The_Mentalist]

4 minutes ago, Sucker said:

50-60K retire in India ante Maa millioner @The_Mentalistanna yeppudo velle vaadu last year ne 

Ah

idhi bagane undhi

annadhi emo evarno

nu na topic thechudu

padhathe na uncle?

[krishnaaa]

9 minutes ago, Sucker said:

Adhe vunte Maa potta batta vuncles ki ee thippal avasarama vuncle

 

You invest whatever you have and it will grow to 4M

[human1234]

37 minutes ago, krishnaaa said:

200k passive income is easy if you love th investing game.

Like buying Trump crypto coins?

[CherryGaru]

1 hour ago, mettastar said:

Making min 200k in passive income to retire completely

 

52 minutes ago, krishnaaa said:

200k for US. You might not have mortgage but you will have health expenses.

50-60k if you want to retire in India

 

1 hour ago, mcdowl_murthy said:

What are your thoughts on retiring early ?  I am 45 and thinking about retiring around 50 and spend remaining time doing something that I like.

What is the networth when you think its ok to retire ?

Yearly expenses in USA depends on location too. 200K may be in New York or L.A. but 100-120K is more than enough in most other popular cities, lesser if you are in sub urban cities.

There are lots of variables, these ones are major that needs to be taken care before retirement : house paid off, kids college expenses taken care of, marriage expenses for kids , etc.. 

If most of the mentioned items are taken care before retirement, you only have 5-6 major expenses

1. Property taxes + car and home insurance

2.health care insurance until 65

3.food and groceries

4.Travel expenses

5.Utilites , like cell phone, water, gas, electricity, tv, etc

6.miscellaneous expenses, like new car every 5-10 years, home repairs, any major health expenses, etc

--

How much you and your wife will spend on the above is subjective, that only you both can decide.

[mcdowl_murthy]

1 hour ago, krishnaaa said:

200k for US. You might not have mortgage but you will have health expenses.

50-60k if you want to retire in India

50 lakhs in India to retire ? roju shopping pothara endi