How much should i save from my salry for securing post retirement life and all general commitments before that. I'm 30 now. Assume no Inheritance. Current in hand 1.85 lpm

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

There are 3 options...OPTION 1 - save 50% of ur income, rational is whatever u r sending save exactly same, invest in instruments which fetches at least same as the inflation rate...but also u can take high risk on investing 25%(rest 25% invest conservatively)... OPTION 2 - ideally we may not be able to save 50%, save at least 40% (spending 60%), take little more risk, invest there where u will fetch more than inflation... OPTION 3 - Are u paying Emi to meet ur need not want (decent flat is need, luxury apartment is want...decent phone is need but apple iPhone is want) ??? Please keep ur emi under 33% of ur income, family expense under 33%, save at least 33%...in this case u can not take much risk but as u r saving less, u cannot make any mistake, invest smartly to beat inflation....Try to close ur emi as soon as possible, whenever u get hike/bonus, prepay aggressively...........as u can see, OPTION 1 > OPTION 2 > OPTION 3.........please make a decision based on ur current emi, family expense and spendings.....good luck

I personally do not like active mutual funds....invest only and only in index funds, nifty and bank nifty....and then stocks.....but before that have 6 months salary in liquid fund or in fixed deposit as emergency fund....make sure u have a good medical and life insurance ( life insurance sum assured shud not be less than 6 times of ur anual income).....make sure u are saving enough in epf (if ur basic is low, plz use vpf) and NPS (at least 50k anualky or 10% of ur basic)......Now comes investment, let us say, u r left with 1.8 lac per month in hand then 60k (at least 33%) must go towards investment.....30k in equity(nifty, bank nifty, selective stock only consistent compounders - no mid/small cap/penny/cheap stock), 30k in recurring deposit.... whenever market is down, liquidate ur reccuring deposit and invest in nifty, bank nifty, stocks.......Sometime, if u r too sure on some small cap or undervalued or cyclical stocks such as heromotocorp (auto stocks are down since for long) then u can invest a part of the liquidated Rd amount in such stocks during bear phase....otherwise continue with ur monthly investment....yes u can choose 1 or 2 mutual funds invest in USA stocks to dicersify..... otherwise nifty, bank nifty and few selected stocks are enough for investment ( plz note it is not trading ).......hope it helps

Related Posts

Any one here who is serving notice period in EY and got hike letter

What is decent package for 10 yrs exp .
Technology is Oracle Ebs technical.

If you knew about technology then only reply. Don't respond on fly.

What’s the “discount” in comp for infrastructure funds?

like

EY Partners - what’s the average Partner comp in US? What does the ramp up look like & do we have partners crossing $1m in tax? Thanks!

likefunny

I have been working as a product support engineer in Bangalore for the last 2 years, I'm getting 6lk per annum and searching for a job with a decent salary,over all YOE 10 please suggest to me if there any openings in your circle.

Thanks

like

Fiancé and I are going to start looking for a house in the Chicagoland area. Any advice? TIA!

like

I have an exit opportunity but have 600$ in my commuter benefit account I lose after post 30 days leaving my current employer. Any creative ways to spend it? Uber pool is eligible, Amtrak, buses, etc.

Lebron James has extended his contract for $97.1 million including two mandatory years and an optional third one. Why does someone need so much money in their life?

like

What's the salary range for a 9 YOE consulting manager in the UAE?

like
like

Joining Google in few weeks and my side gig these days is researching 529 plans for my almost 1 year old. Does anyone know if Google offer & contribute to any 529 plans? If so which one? I see it listed in benefits section of onboarding site but looking for the plan name at the least.

like

Remuneration for a project manager with a company like property developer

like

Had my annual review Friday (first year with the company). Boss awarded a 3% raise though she said my review was “90% positive.” Worth adding I got a 3% sign on bonus last year, so I’m basically at 0% raise. Nobody under me has gotten less than a 7% raise in the past year. Considering promotions + counter offers as well, it goes as high as 25%. I don’t feel a 3% raise matches a “90% positive” review and plan to bring up the cognitive dissonance I’m feeling. Any other tips or advice to add?

like

Researching the job mkt & pay for nursing: It is so easy to set up a first interview esp. as a nurse. Set up a zoom meeting, in the zoom meeting ask abt job details and ask for the salary range. They will give it to you, and in my case it was the same range for both of the companies. (Hospice oncall nurse here👋). Then you fit in somewhere on that continuum based on education & experience—that where the negotiation comes in—they will make a case to place you as low as possible on the scale.

like

Is 85% a good YTD utilization rate?

like

Interviewing at Deloitte for the position of Retail/Consumer Data Management Manager in a T2 city. What's the expected salary, is 190k too much to ask for?

like

What's a good Software Engineering salary in Stockholm, Sweden?
I am currently making a bit more than 40k/year, and I have gotten extremely mixed information about whether it's a good salary or not

More info:
-I am under 20 years old and self taught, but I work on-par with the rest of the team (all of them except me have degrees ranging from master's to PhD), I don't know how much the other team components make
-I work with embedded software development with mostly C and C++

like

Any idea If we can change basic pay in TCS. It’s very hard to save tax with such low basic

like

Hi All,
Just to be in a proper position to negotiate/expect, how much can I make with 1.8 YOE in the current market for a full stack developer. Excluding the likes of MAANG or alike paying companies. What is the ideal salary and the max I can make at this YOE. Please someone reply to this , it will be helpful for me.

like

What's everyone's best year look like? Direct hire revenue (not contract). Let's start a hopeful thread lol. Mine so far has been 350k. This year I was really hoping to break 400k but whether I make it or not is up in the air. Solo and Agency folks speak up!

like

More Posts

I have a layover arriving and departing from terminal five in London Heathrow. It's a 3.5 hour layover. Can I visit the Centurion lounge in terminal 3 and will I have time?

like

Do sales engineers need to create their own slide decks for demos or can they walk through the software itself? Thanks!

like

Can any1 refer me in JPmc ? I m an azure data engineer and yoe - 8. LWD - 19 oct

like

Longo's Hi all. How do you roll out and assess training and eLearning lessons to retail store employees? How do you measure understanding and reach? Please and thank Walmart" class="linkified" target="_blank" rel="nofollow" >you.Walmart Lowes loblaw RONA @HomeDepot Canadian Tire Longo's

Is 19 lakhs good salary for Salesforce Senior Developer with 5+ relevant YOE and in total 7 YEO?

like

What is the typical pay range for fund of funds? Looking for salary / TC information.

like

PwC Pwc sdc Kolkata. Is anyone aware what % bonus and hike were given last year for Tier 1. Want to ask for Assurance practice SA2 designation. Pwc AC

like

I was asked in pwc sdc interview to come to bangalore location once i get selected. Can i still request for wfh?

Auto Sales Manager in HCOL city, 6YOE making $68k base, $1300/month variable bonus, $4k RSU w/ 2 year vest schedule. $500/ month health ins premium. -Looking to possible change fields to drastically increase comp… any suggestions?

like

Is there an app to approve coachee time and expense ? TIA!

likehelpful

What’s the keyboard shortcut to get into the “insert options” dialogue when you’ve inserted a new row with Ctrl+Shift+Plus?

like

If you had a table of customer experience/satisfaction survey responses for several questions (non-numeric but discrete possible answers, no free text; 1 question per column and 1 responder per row), how would you approach determining significant insights within the data? Excel's "Analyze Data" feature doesn't really suggest things that make sense in the real world. Is there something you would try with correlations somehow, or would you use a non-Excel tool entirely?

likesmart

I have a 3D printer that I’ve been using for a couple of years and really want to start trying to use it to generate some income, but I’m trying to find a real market for 3D printed items, parts, custom pieces, etc.

Does anyone have any needs for 3D prints? Let’s chat!

likeuplifting

What is the salary for telecommunications analyst in New Brunswick

like

Do you work on any home engineering projects in your free time? If so, what are you working on at the moment?

like

Became a realtor at 20, opened my own agency at 30, and successfully retired at 40. You could call this “Living The American Dream”!

like

Interested in being a Advisory or Board member of a Fintech. Have diverse tech engineering, financial services and startup background. Intention: meet new folks, get exposed to and solve new problems (outside of primary gig)
Where and how to start?

like

IT Project Manager
Job Location : Dubai
Resource should be locally available in UAE
Should be bilingual (Arabic and English)
Please inbox relevant and interested profiles to "mano@mindpool-tech.com"
Should have atleast 4-5 years experience as a project manager and from Software Development, Enterprise Content Management background

like

I need help with my interviewing skills

like

My BGV is in progress for JPMC. I got mail to upload experience/relieving letter. I still didn’t get the relieving letter from my previous company. Shall I upload resignation acceptance letter for this?

like

Additional Posts in Salary slab IT industry(India)

Is 21.3L fixed a good offer for Devops engineer with 7.5yoe?

like

What is ideal package for a project manager with 7+ years of experience in IT firm

like
like

What's the Base pay for a Senior Analyst (Credit Risk) in Society Generale ?@

like

What should be the ideal package for a SAP ABAP consultant experience of 5 years?

like

Hey, Any idea about @AptosRetail salary range and structure for 8 years exp professional ? Job role is Principal QA.

like

Basket of allowances is a part of fixed in-hand salary ? Offer is from Atos..

like
like

What will get for frontend developer react and node 5year experience

like
like

Hey guys
I wanted to know how much Salesforce support Engineer gets paid in India

like

Hi everyone,
How much can a DBA with 1.5 years of experience can get after switching to other companies!

like

What is the salary range for Data analyst at Thoughtworks? I have overall 4 years of experience.

like

Hello Guys,

What would be the monthly in-hand salary?
Leave travel allowance, do I need to show bills or it will directly get credited into my account monthly.
SAP SD, 4 YOE, INFOSYS
CCTC - 7.34LPA (inclusive 60k VP)
DELOITTE IN Offered - 13.50 lpa fixed

Post Photo
like

Hi Team,

Below is my salary structure can you please tell what will my in hand salary monthly ?

Post Photo
like

Will accenture accept my CTC revision request 2 weeks before joining , I am getting better offer from other company and still looking forward to join accenture.
Pls advice.

like

How much salary does delta airline offer for senior SDET with 5years of exp.
CCTC: 15LPA

like

can anyone help me with standard package for Customer success manager/ key account manager salary. I have 2 years of experience. Need to know what can I expect for this role.

like

Hi Sharks,

One of my friends is looking to switch companies.

Profile - SQL developer
YOE - 3 years
Current CTC - 6.5 lpa

How much should be her expected CTC?

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