user789 Posted September 6, 2019 Report Share Posted September 6, 2019 How much ~ savings ($) - overall (401k+ savings in the account) one should have before retiring that would cover health expenses for husband/wife and kids( 1 or 2) education and also vacations in Vomerica ? It depends on the state but lets focus on major states like CA, TX, NJ, Atlanta, Florida. Not considering house payment as it would be covered/paid off with $ salary. Quote Link to comment Share on other sites More sharing options...
NenuEvaru Posted September 6, 2019 Report Share Posted September 6, 2019 retirement ayaka kuda ikkadey vundi em chestharu bhaya ? no family, no parenets, no children as they will go off ? lonley life ayipothundi after 50 years - and aa patiki India mast develop avuthundi .. make savings, and retire in India, paisal vuntey king akkada .. Quote Link to comment Share on other sites More sharing options...
user789 Posted September 6, 2019 Author Report Share Posted September 6, 2019 14 minutes ago, NenuEvaru said: retirement ayaka kuda ikkadey vundi em chestharu bhaya ? no family, no parenets, no children as they will go off ? lonley life ayipothundi after 50 years - and aa patiki India mast develop avuthundi .. make savings, and retire in India, paisal vuntey king akkada .. if kid (s) will be here then whats the point of going to india after 50 instead go at 35/40 with good savings... kids born here will never prefer to come to india to vist,,,even if they come it will be like once in 5-10 years Quote Link to comment Share on other sites More sharing options...
Meow Posted September 6, 2019 Report Share Posted September 6, 2019 $750k, if you use about 40k per year in expenses at 4%, you can retire at 35. Remember that rich people live below their means. Quote Link to comment Share on other sites More sharing options...
k2s Posted September 6, 2019 Report Share Posted September 6, 2019 23 minutes ago, user789 said: How much ~ savings ($) - overall (401k+ savings in the account) one should have before retiring that would cover health expenses for husband/wife and kids( 1 or 2) education and also vacations in Vomerica ? It depends on the state but lets focus on major states like CA, TX, NJ, Atlanta, Florida. Not considering house payment as it would be covered/paid off with $ salary. anything more than >$5M Quote Link to comment Share on other sites More sharing options...
babu_bangaram Posted September 6, 2019 Report Share Posted September 6, 2019 21 minutes ago, NenuEvaru said: retirement ayaka kuda ikkadey vundi em chestharu bhaya ? no family, no parenets, no children as they will go off ? lonley life ayipothundi after 50 years - and aa patiki India mast develop avuthundi .. make savings, and retire in India, paisal vuntey king akkada .. No family correcte but if you go to India all ties broken off ....due to our US visit... the kids of your cousins wont even recognize you No parents ....sorry but when you are 50/60 .....i dont think they will be alive (god give them long life) i am just being practical No children .... they will go to college, if they get a job in same city, they will come and visit every weekend along with grand children ...... It will be more Lonely life in India as compared to US, US lo at least safety, good air , water vuntayee...... India lo basics like Air, Water, and road safety vundadu ....ikkadda 90 seconds lo ambulance vosthaadi ...... india lo by the time they bring you down from Apartment to Auto/Taxi ....you will be dead ............if an unforeseen event happens Quote Link to comment Share on other sites More sharing options...
babu_bangaram Posted September 6, 2019 Report Share Posted September 6, 2019 30 minutes ago, user789 said: How much ~ savings ($) - overall (401k+ savings in the account) one should have before retiring that would cover health expenses for husband/wife and kids( 1 or 2) education and also vacations in Vomerica ? It depends on the state but lets focus on major states like CA, TX, NJ, Atlanta, Florida. Not considering house payment as it would be covered/paid off with $ salary. $3-4M Quote Link to comment Share on other sites More sharing options...
user789 Posted September 6, 2019 Author Report Share Posted September 6, 2019 15 minutes ago, Meow said: $750k, if you use about 40k per year in expenses at 4%, you can retire at 35. Remember that rich people live below their means. lol....not practical for 80% of them.. Quote Link to comment Share on other sites More sharing options...
JollyBoy Posted September 6, 2019 Report Share Posted September 6, 2019 16 minutes ago, babu_bangaram said: $3-4M 😥 Quote Link to comment Share on other sites More sharing options...
user789 Posted September 6, 2019 Author Report Share Posted September 6, 2019 13 minutes ago, babu_bangaram said: $3-4M very low...take it easy. Quote Link to comment Share on other sites More sharing options...
user789 Posted September 6, 2019 Author Report Share Posted September 6, 2019 17 minutes ago, k2s said: anything more than >$5M jokes enduku thatha.. Quote Link to comment Share on other sites More sharing options...
Meow Posted September 6, 2019 Report Share Posted September 6, 2019 1 minute ago, user789 said: lol....not practical for 80% of them.. Why do you say so? Quote Link to comment Share on other sites More sharing options...
k2s Posted September 6, 2019 Report Share Posted September 6, 2019 4 minutes ago, user789 said: jokes enduku thatha.. its true man.. am targeting for that Quote Link to comment Share on other sites More sharing options...
LazyRohit Posted September 6, 2019 Report Share Posted September 6, 2019 Quote Link to comment Share on other sites More sharing options...
Amrita Posted September 6, 2019 Report Share Posted September 6, 2019 1 hour ago, user789 said: How much ~ savings ($) - overall (401k+ savings in the account) one should have before retiring that would cover health expenses for husband/wife and kids( 1 or 2) education and also vacations in Vomerica ? It depends on the state but lets focus on major states like CA, TX, NJ, Atlanta, Florida. Not considering house payment as it would be covered/paid off with $ salary. You will support kids even after you retire considering they would be adults by the time you retire ? You are god I say you are god. Early retirement ki asking ayite ignore my comment . Quote Link to comment Share on other sites More sharing options...
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