How much money is required to FIRE in Bangalore? My current NW is 6 Cr. I'm targeting to reach 10 Cr by the age of 40. I'm currently 35 yrs old.
Is 10 Cr sufficient to FIRE in Bangalore provided my house and my only child's education and marriage expenses are taken care of already?

funnysmart
Posting as :
works at
You are currently posting as works at

Depends on our expected life style.

Consider you keep the money in mutual fund and It grows 12% every year. So 1.2 cr you can spend every year without affecting your corpus.

I am assuming the 6-7% inflation, so ideally you shouldn't spend the entire 1.2 Cr, or 10L per month and help the money compound.

Is that sufficient for you for next 40 years considering you live till 80 and you don't wanna be depended on your kid.

Also are you planning to leave some wealth for your kid?

We have just one life - Just make sure you take some time to enjoy it as well!

Related Posts

Considering the current fall in the equity and crypto market, which would be your go-to stocks / coins?

like

I am looking for a tool to help with determining how much money I will need monthly when I retire. Any suggestions?

Sorry if this has been asked a few times but - relocating to Charlotte and looking for apartments, preferably in southend. Any solid recommendations or places to avoid?

Looking for a 1 BR - 2.4K a month or less.

TYSM!!

5 years post-MBA and all my classmates are VPs in industry or Principals in consulting/IB (some are even Partners/MDs already). I sat in the same classes with these folks for 2 years — probably outperformed some of them academically. Yet, here I am continuing to struggle with my student debt payments, hoping that “Uncle Joe” forgives 20% of it. I’ll never have that kind of earning potential because I didn’t come from the “right background” pre-MBA.

like

What’s a “true lead” in apartments.com. Im curious if they’re interested in our property or if they’re leads based on preference.

like

If you don’t know what you’ll be spending in retirement, how do you know whether to put the majority of your money pre tax or post tax?

like

Is it too late in our lives to jump into a mortgage?

So my fiancée and I are relatively late in terms of finally landing well paying jobs and being able to save money instead of living paycheck to paycheck. We’re both 36 and currently rent a 2 bedroom in NY and have a combined savings of $35,000 which she wants to use as a down payment on a condo. I kinda just wanna continue saving while renting. I also literally just started contributing to my 401K so I’m also late in the game for that too.

helpful

Hi ,
I have got sodexo card activated today. I found there is Meal Pass card, Meal benefit pass card and Cafeteria card

Which one we get money loaded ? Will that only usable in Bofa cafeteria!

like

Let’s say you have two young, high income partners in a couple who want to buy a house together but don’t really care to get married. They already live together in an apartment but both want to move to a house to build equity and have a yard, not share walls, etc. Should one partner buy the house and the other pays rent until they get married, or should they get a mortgage together without being married? I realize there isn’t a “right” answer but I’m interested in people’s experiences here.

likefunny

Anyone use the Apple Card to buy iPhone on monthly installments and submit Apple statements for the cell reimbursement? Or do we have to buy phone through cell carrier?

like

Didn’t invest in LTC early on, it went down to 260 today - worth pulling the plug on it?

Any investors in the woodlands Texas for single family homes, rent looks good as per Zillow , good school district and houses are still affordable compared to Dallas and Austin

like

How much money have you invested in crypto currently? I’ll start - $5000 currently

like

Highly Technical Market Sell-Off - Though, it has picked up over lunch and I suspect that short term turn is in near. Old floortrader told me once, never trust a market that is making new session highs or lows during lunch. That's not normal. This might not be a normal day; but we do need to rebound to get another opportunity into the short trend. So, count on it. The last draw is more suspect as it hasn't been proven to exist yet. So, we will see how we look when we trade 9855.75 on NQ.

Post Photo
likehelpful

Why has real estate remained lucrative?
Mainly agents but also developers.

The barrier to entry is low, not even sure if graduating high school is needed. My old agent even said she did it bc she can make a lot money and not work that much. She drove a new Mercedes and sent her kids to private school, husband was also an agent.

So I’m curious why it didn’t get flooded and the profit margin dampened to a $/hr closer to other jobs with similarly easy entry?

like

Is it wise decision to invest more than 3% in PPP. Now a days cgi share price is growing rapidly.

Any thought on individual contribution(more than 3%)

# CGI

like

Angel investors : What returns do you expect when investing? Also what’s your range of investment?

like

Is it too late to buy the FAANG stocks? Still feel that Amazon and Google are undervalued.

like

Fav intl ETFs?

like

High risk, low reward investment ideas?

funnylikesmart

More Posts

Are you allowed to bring a bag into wrigley for Cubs games? Going to the game tomorrow and wondering if I can bring my laptop bag in as I need to come straight from work

like

DM if you would like a referral to Deloitte Global Mobility tax group

Hi, I had a query. I have received offer for Data Engineering Position while having an experience of Oracle Apps EBS. Wanted to understand how I can utilise my existing Skillsets to assist in the data engineering role offered, Or Shall I work on enhancing my Skillsets accordingly so as to map the role offered?
Thanks in advance.

like

Why isn't Deloitte USI allowing to work from anywhere/work from office locations of your choice?
I tried getting a transfer to Kolkata but apparently Cloud Engineering service line transfers to Kolkata is currently blocked as conveyed by an HR. Any help/suggestions on the same would be hugely appreciated.

like

Hi Fishes,

Has anyone recently gotten the work KITAS? Had some queries about the process.

Hi ,
Can you help me out in this? I have 8 YOE with 10.5LPA is my current Fixed. I am having offer from Accenture 18LPA fixed as lead specialist Level 9 in chennai location.
my question is: 1. Is that the right designation given on my 8.5 YOE in Accenture?.
2. Is this 18LPA in accenture in Level 9 is correct with my current fixed is 10.5LPA?

like

How was 2019 for everyone ?

Any brand/model recommendations for stylish and functional thermos bottles?

like

I’m being interviewed for an Associate Partner position. I’ve already been through 3 interviews with positive feedbacks. The recruiter informed me that they are willing to schedule 2 more interviews. Is this normal in IBM? It seems a very vague and slow process in my opinion…

like

I am currently a care coordinator with one of the big insurance companies. I want off the phone, I have been applying for Rn jobs in utilization but have not gotten the last 5-6-7 I applied for, I lost count… I am thinking more analytics and business side of things now. I finished my MSN LM to maybe stand out from the large amount of applicants they get. BUT I have no experience in analytics.. so I have a chance? How do I get training in tableau, sql, interqual, project management, alteryx..

like

How long have those who have been looking for a job been looking? No luck here.

like

Hi

I will be expecting a offer soon ,will be moving along with my family can my spouse work in poland as a dependent visa holder or spouse need to find a employer who sponsor visa like my case?

likefunny

Hi Guys,

I've heard a lot about Uplers talent. Can you guys please suggest to move on to this place Uplers. Since, they are providing Work from Home culture.

like

Looks like unemployment, businesses shutting down and COVID deaths and new way of life is priced in till November elections

like

Any one have info on Trust Strategy and operations associate at pwc? How is the work-life, what you do etc?

like

Hi looking for a meta referral 🙌🏼

like

What companies are not in a hiring freeze? I'm looking for my next marketing role and it would be helpful to know of companies still hiring. Thanks!

like

Looking for roles in Corporate Social Responsibility if anyone in the tech or media world is hiring on their teams! Would love to send over my resume.

like

How do you all keep up with your personal to do list? I feel like work consumes me and I forget to do things like take my vitamins, renew my car registration, call the doctor, etc 🤦🏽‍♂️ continued..

like

Does anyone have any recommendations for where to get a made to measure suit in Dubai? Would need to keep prices below 5k for a 2 piece.

like

Additional Posts in Personal Finance - India

Hello guys,

How much % of salary do you save?

While mentioning %, please let us know if you are married/unmarried, pay rent or not.

Just want to know if 70% is enough for a single man who does not pay rent. Or am I saving less money?

like
like

A financial advise to all the students and youngsters buy a term life insurance before starting to invest in other instruments. A sample illustration will help you understand that it has a financial benefit plus a security to all your dependents incase of any unforeseen event in life.

DM me for more details.

Post Photo
like

Hello folks, My ctc is current at 6.2lpa and I would like to cut down my taxes. Any suggestions on where to invest for tax savings? Also is FD a best plan for investment with lock in period od 4 yrs for tax saving bills?

Hi folks,

I am already covering 80c 1.5l limit by elss and pf.

Can i invest 50k only in nps and avail tax benefit under 80ccd 1b.

Tia.

like

Hi fishes, need urgent advice. How is the HDFC Index Sensex Plan? I have invested 75K but it's in loss as all others. Should I continue to average it out or stop investing in it? The loss is higher in this compared to other funds.

Hello Sharks,

Any suggestions on best term and health insurance. And what points we should keep in mind before considering the option?

like
likehelpful

How t save tax for 9 lpa salary. Can anybody help me out.

like

Is there a way to Pay rent via Credit Card without paying the convenience fee?

like

Hi folks,

What do you think, is NPS a good scheme of investing in comparison of Mutual funds, stock market and ppf?

like

Feel free to ask any personal finance related questions here, from equity investment to CC offers. There’s nothing called silly questions, we have some excellent peers in the group to answer it.

like

U can’t be wrong if you’re investing in index for long term

Post Photo
like

Diversification is the key. My portfolio includes a bit of most of these.

1. Debt/Liquid mutual funds (direct)
2. Gold
3. REIT (fractional ownership and distribution)
4. Equity mutual funds (ELSS, direct)
5. Direct equity (India)
6. US stocks and ETFs (tech & genomics)
7. Crypto currency (interest deposits)

helpful

I feel like I've been living under a rock for ~5 yrs. I was happy and blowing off money with the thinking that I'll start saving once I start earning more.

Just realised that could've started early. I'm in mid 20s and thinking about investment. Tried watching YouTube videos. But I have pretty basic questions :
1. Where do I even start?
2. What %age of income should I invest?

I hope I'm not late.

like

Hi fishes,
I'm 22 and planning to take a life insurance. I'm comparing all policies and max life seems attractive as it has good claim settlement ratio and less premiums. But there is no office near our area. My worry is that if there is a need to claim in future, it can be done all online by my nominee? Is it recommended to take policy online in any platform(like policybazaar)?
Other options I'm considering are SBI life, HDFC life which offices are available in my locality.
Please guide

like

How to save tax i have 9 lpa salary. Need a detailed information. I have already taken full 80D apart from they any more suggestions for 80C?

like

I am 29F and earning 13LPA. I have been working for 4 years of which 3.5 years I had very low pay and close to 0 savings. I have been able to save 6L now.

My investments below:
* Elss funds - 2 (total 1.5L annually)
* Large cap mutual funds - 6 (total 40K sip per month) current portfolio of 4L
* FDs - 2 of 25K each
*Medical insurance - company provided

Can someone advice if this is a good investment plan for future? What can I do better? Do I need another Insurance? Where else to invest?

likehelpful

Hello everyone, need a help from you.

Previously my HRA amount was 96000 per annum so I was submitting a rental agreement of full hra without giving pan card details of myself and first party.

Now I have recently joined a new company and here hra is 2.7LPA.

How can I claim the full hra amount? I live in a rented house where agreement is between owner and my dad. Also owner will not accept for a fake agreement too.

Any other alternative do I have to claim HRA? Your inputs are welcome here

like

Anyone can guide in options trading?🙂🙂
Lost around 10k😒

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal