Savings for R2I
Posted: Sun Jun 20, 2010 10:20 am
I would like to know how much savings is good enough for R2I. I have been searching the forum and didn't find any thread on this subject.
Some people may start by saying "it depends", but all I am looking for a wide range. Some of my friends feel that even $100 USD (no house in India) is good to return. Others talk in terms of $500K or million.
I am not counting on the money in 401K, Stocks, etc. Total savings is after selling off house/car in the US. I am starting with my inforamation.
Total Savings : $200K
Single/Dual Income: Single
Family size : 2 kids under five and parents
Own house in India? Nope
Work : IT - 15 years exp...mid-level management
R2I City Pref : Hyderabad/Bangalore
Lifestyle : Prefer to own a 5+ BHK apt/bunglow/villa/row house, car (5-seater, no fancy or imported), no club/disco, kids in International school, etc
Please add other relevant information
Some people may start by saying "it depends", but all I am looking for a wide range. Some of my friends feel that even $100 USD (no house in India) is good to return. Others talk in terms of $500K or million.
I am not counting on the money in 401K, Stocks, etc. Total savings is after selling off house/car in the US. I am starting with my inforamation.
Total Savings : $200K
Single/Dual Income: Single
Family size : 2 kids under five and parents
Own house in India? Nope
Work : IT - 15 years exp...mid-level management
R2I City Pref : Hyderabad/Bangalore
Lifestyle : Prefer to own a 5+ BHK apt/bunglow/villa/row house, car (5-seater, no fancy or imported), no club/disco, kids in International school, etc
Please add other relevant information