The question "how much $$ to go back to India" has been asked previously in previous posts.
I'm asking the same question.....with a little twist. Most questions/answers/calculations were for husband/wife + ~2kids. I'm a 36 year old single guy. Do not intend to ever marry or have kids. That simplifies the calculation a lot. How much money/savings in USD would I need to do the following
(a) completely retire in India and never work a day again
(b) work at some easy low-stress but low paying job in india, maybe part-time, and still survive
I know many will reply with "it depends on your desired standard of living" so let me clarify that. I'm fine moving to a Tier2 or Tier3 city in India, example Surat, Indore, Vizag, Ludhiana etc. No lavish luxuries needed but no maha-kanjoosi either. 1 bedroom flat, maybe 800-1000 sq ft, in decent but not posh/glitzy neighbourhood. Okay eating dal-chawal at home but would like to go to fast-food udipi type restaurants too, 2-3 times a week. No Mercedes/BMW needed but small car or scooter, maybe. Vacationing every 3-4 months in Indian locations by railways, but no fancy Europe trips by flight. Hope you get the idea.
Let me know your estimate or general comments.
Early retirement in India?
Early retirement in India?
Hypothetically, here is the calculation:
1. Rent: Rs 5000 per month
2. Food, Groceries: Rs 5000 per month
3. Clothing: Rs 1000 per month
4. Utilities: Rs 1000 per month
5. Travel for 4 trips per year: Rs 5000 x 4 (Rs 20000 per year) or Rs 1700 per month.
6. Medical expenses: Rs 500 per month
7. Car: Rs 2500 per month.
~ Rs 17000 per month. You can cut corners and probably save another Rs 2000 - Rs 3000 if you are conservative.
One would probably need ~1 - 1.2 crores assuming another 50 years to live.
One thing to note, as you age your medical expenses will go up as well as you need to pay for someone to take care of you, factoring all that it may be more that this estimate or much less as you old if you sign up for an old age home.
1. Rent: Rs 5000 per month
2. Food, Groceries: Rs 5000 per month
3. Clothing: Rs 1000 per month
4. Utilities: Rs 1000 per month
5. Travel for 4 trips per year: Rs 5000 x 4 (Rs 20000 per year) or Rs 1700 per month.
6. Medical expenses: Rs 500 per month
7. Car: Rs 2500 per month.
~ Rs 17000 per month. You can cut corners and probably save another Rs 2000 - Rs 3000 if you are conservative.
One would probably need ~1 - 1.2 crores assuming another 50 years to live.
One thing to note, as you age your medical expenses will go up as well as you need to pay for someone to take care of you, factoring all that it may be more that this estimate or much less as you old if you sign up for an old age home.
Early retirement in India?
I am thinking inflation is not considered above (50 years zero inflation is impossible). Correct me if I am wrong.
I was thinking about how much to I need if I do not work in India.
Keeping in mind the present inflation rate, if we assume 8% to be conservative, then the below figures come in to my mind. I may be wrong, expect comments on it.
If the present monthly expense is Rs. 50,000 and with 8% inflation added each year then more than 6 crores are needed in cash today. And I am not considering the investing part (to make it simple and it can vary from person to person, but inflation will effect all with the same rate). i.e., if someone does not invest it anywhere. So today one needs ~Rs. 6,70,00000 in 2012 then they might need only ~Rs.6,30,00000 in 2017.
Below is an estimate with my assumptions in both $ and Rs for 30 years (2011 to 2040). This was part of my homework was from before I started reading this forum posts and I have not spend time trying to modify this. But I am sure it will be argued and can be changed to something better. But let me know if anything does not make sense or need more explanation. Sorry for the bright colors :-)
YEARMontly ExpAvg MonthlyMontly Exp $Avg MonthlyEarly ExpCumulativeEarly Exp $Cumulative Rs67,969,927 $1,510,443 2011Rs50,000 Rs188,806 $1,111$4,196Rs600,000 $13,333 2012Rs54,000 Rs188,806 $1,200$4,196Rs648,000 Rs67,369,927 $14,400$1,497,1092013Rs58,320 Rs188,806 $1,296$4,196Rs699,840 Rs66,721,927 $15,552$1,482,7092014Rs62,986 Rs188,806 $1,400$4,196Rs755,827 Rs66,022,087 $16,796$1,467,1572015Rs68,024 Rs188,806 $1,512$4,196Rs816,293 Rs65,266,259 $18,140$1,450,3612016Rs73,466 Rs188,806 $1,633$4,196Rs881,597 Rs64,449,966 $19,591$1,432,2212017Rs79,344 Rs188,806 $1,763$4,196Rs952,125 Rs63,568,369 $21,158$1,412,6302018Rs85,691 Rs188,806 $1,904$4,196Rs1,028,295 Rs62,616,245 $22,851$1,391,4722019Rs92,547 Rs188,806 $2,057$4,196Rs1,110,558 Rs61,587,950 $24,679$1,368,6212020Rs99,950 Rs188,806 $2,221$4,196Rs1,199,403 Rs60,477,392 $26,653$1,343,9422021Rs107,946 Rs188,806 $2,399$4,196Rs1,295,355 Rs59,277,989 $28,786$1,317,2892022Rs116,582 Rs188,806 $2,591$4,196Rs1,398,983 Rs57,982,634 $31,089$1,288,5032023Rs125,909 Rs188,806 $2,798$4,196Rs1,510,902 Rs56,583,651 $33,576$1,257,4142024Rs135,981 Rs188,806 $3,022$4,196Rs1,631,774 Rs55,072,749 $36,262$1,223,8392025Rs146,860 Rs188,806 $3,264$4,196Rs1,762,316 Rs53,440,974 $39,163$1,187,5772026Rs158,608 Rs188,806 $3,525$4,196Rs1,903,301 Rs51,678,658 $42,296$1,148,4152027Rs171,297 Rs188,806 $3,807$4,196Rs2,055,566 Rs49,775,357 $45,679$1,106,1192028Rs185,001 Rs188,806 $4,111$4,196Rs2,220,011 Rs47,719,791 $49,334$1,060,4402029Rs199,801 Rs188,806 $4,440$4,196Rs2,397,612 Rs45,499,780 $53,280$1,011,1062030Rs215,785 Rs188,806 $4,795$4,196Rs2,589,421 Rs43,102,169 $57,543$957,8262031Rs233,048 Rs188,806 $5,179$4,196Rs2,796,574 Rs40,512,748 $62,146$900,2832032Rs251,692 Rs188,806 $5,593$4,196Rs3,020,300 Rs37,716,174 $67,118$838,1372033Rs271,827 Rs188,806 $6,041$4,196Rs3,261,924 Rs34,695,874 $72,487$771,0192034Rs293,573 Rs188,806 $6,524$4,196Rs3,522,878 Rs31,433,949 $78,286$698,5322035Rs317,059 Rs188,806 $7,046$4,196Rs3,804,708 Rs27,911,071 $84,549$620,2462036Rs342,424 Rs188,806 $7,609$4,196Rs4,109,085 Rs24,106,363 $91,313$535,6972037Rs369,818 Rs188,806 $8,218$4,196Rs4,437,812 Rs19,997,278 $98,618$444,3842038Rs399,403 Rs188,806 $8,876$4,196Rs4,792,837 Rs15,559,466 $106,507$345,7662039Rs431,355 Rs188,806 $9,586$4,196Rs5,176,264 Rs10,766,629 $115,028$239,2582040Rs465,864 Rs188,806 $10,353$4,196Rs5,590,365 Rs5,590,365 $124,230$124,230
I was thinking about how much to I need if I do not work in India.
Keeping in mind the present inflation rate, if we assume 8% to be conservative, then the below figures come in to my mind. I may be wrong, expect comments on it.
If the present monthly expense is Rs. 50,000 and with 8% inflation added each year then more than 6 crores are needed in cash today. And I am not considering the investing part (to make it simple and it can vary from person to person, but inflation will effect all with the same rate). i.e., if someone does not invest it anywhere. So today one needs ~Rs. 6,70,00000 in 2012 then they might need only ~Rs.6,30,00000 in 2017.
Below is an estimate with my assumptions in both $ and Rs for 30 years (2011 to 2040). This was part of my homework was from before I started reading this forum posts and I have not spend time trying to modify this. But I am sure it will be argued and can be changed to something better. But let me know if anything does not make sense or need more explanation. Sorry for the bright colors :-)
YEARMontly ExpAvg MonthlyMontly Exp $Avg MonthlyEarly ExpCumulativeEarly Exp $Cumulative Rs67,969,927 $1,510,443 2011Rs50,000 Rs188,806 $1,111$4,196Rs600,000 $13,333 2012Rs54,000 Rs188,806 $1,200$4,196Rs648,000 Rs67,369,927 $14,400$1,497,1092013Rs58,320 Rs188,806 $1,296$4,196Rs699,840 Rs66,721,927 $15,552$1,482,7092014Rs62,986 Rs188,806 $1,400$4,196Rs755,827 Rs66,022,087 $16,796$1,467,1572015Rs68,024 Rs188,806 $1,512$4,196Rs816,293 Rs65,266,259 $18,140$1,450,3612016Rs73,466 Rs188,806 $1,633$4,196Rs881,597 Rs64,449,966 $19,591$1,432,2212017Rs79,344 Rs188,806 $1,763$4,196Rs952,125 Rs63,568,369 $21,158$1,412,6302018Rs85,691 Rs188,806 $1,904$4,196Rs1,028,295 Rs62,616,245 $22,851$1,391,4722019Rs92,547 Rs188,806 $2,057$4,196Rs1,110,558 Rs61,587,950 $24,679$1,368,6212020Rs99,950 Rs188,806 $2,221$4,196Rs1,199,403 Rs60,477,392 $26,653$1,343,9422021Rs107,946 Rs188,806 $2,399$4,196Rs1,295,355 Rs59,277,989 $28,786$1,317,2892022Rs116,582 Rs188,806 $2,591$4,196Rs1,398,983 Rs57,982,634 $31,089$1,288,5032023Rs125,909 Rs188,806 $2,798$4,196Rs1,510,902 Rs56,583,651 $33,576$1,257,4142024Rs135,981 Rs188,806 $3,022$4,196Rs1,631,774 Rs55,072,749 $36,262$1,223,8392025Rs146,860 Rs188,806 $3,264$4,196Rs1,762,316 Rs53,440,974 $39,163$1,187,5772026Rs158,608 Rs188,806 $3,525$4,196Rs1,903,301 Rs51,678,658 $42,296$1,148,4152027Rs171,297 Rs188,806 $3,807$4,196Rs2,055,566 Rs49,775,357 $45,679$1,106,1192028Rs185,001 Rs188,806 $4,111$4,196Rs2,220,011 Rs47,719,791 $49,334$1,060,4402029Rs199,801 Rs188,806 $4,440$4,196Rs2,397,612 Rs45,499,780 $53,280$1,011,1062030Rs215,785 Rs188,806 $4,795$4,196Rs2,589,421 Rs43,102,169 $57,543$957,8262031Rs233,048 Rs188,806 $5,179$4,196Rs2,796,574 Rs40,512,748 $62,146$900,2832032Rs251,692 Rs188,806 $5,593$4,196Rs3,020,300 Rs37,716,174 $67,118$838,1372033Rs271,827 Rs188,806 $6,041$4,196Rs3,261,924 Rs34,695,874 $72,487$771,0192034Rs293,573 Rs188,806 $6,524$4,196Rs3,522,878 Rs31,433,949 $78,286$698,5322035Rs317,059 Rs188,806 $7,046$4,196Rs3,804,708 Rs27,911,071 $84,549$620,2462036Rs342,424 Rs188,806 $7,609$4,196Rs4,109,085 Rs24,106,363 $91,313$535,6972037Rs369,818 Rs188,806 $8,218$4,196Rs4,437,812 Rs19,997,278 $98,618$444,3842038Rs399,403 Rs188,806 $8,876$4,196Rs4,792,837 Rs15,559,466 $106,507$345,7662039Rs431,355 Rs188,806 $9,586$4,196Rs5,176,264 Rs10,766,629 $115,028$239,2582040Rs465,864 Rs188,806 $10,353$4,196Rs5,590,365 Rs5,590,365 $124,230$124,230
Early retirement in India?
Sorry, I copied from my excel file and the formatting is gone. Let me try attaching the file later today!
Early retirement in India?
I am trying to paste the data from my sheet after few cosmetic adjustments.
YEAR Montly Exp Avg Monthly Montly Exp $ Avg Monthly Early Exp Cumulative Early Exp $ Cumulative
2011 Rs50,000 Rs188,806 $1,111 $4,196 Rs600,000 Rs67,969,927 $13,333 $1,510,443
2012 Rs54,000 Rs188,806 $1,200 $4,196 Rs648,000 Rs67,369,927 $14,400 $1,497,109
2013 Rs58,320 Rs188,806 $1,296 $4,196 Rs699,840 Rs66,721,927 $15,552 $1,482,709
2014 Rs62,986 Rs188,806 $1,400 $4,196 Rs755,827 Rs66,022,087 $16,796 $1,467,157
2015 Rs68,024 Rs188,806 $1,512 $4,196 Rs816,293 Rs65,266,259 $18,140 $1,450,361
2016 Rs73,466 Rs188,806 $1,633 $4,196 Rs881,597 Rs64,449,966 $19,591 $1,432,221
2017 Rs79,344 Rs188,806 $1,763 $4,196 Rs952,125 Rs63,568,369 $21,158 $1,412,630
2018 Rs85,691 Rs188,806 $1,904 $4,196 Rs1,028,295 Rs62,616,245 $22,851 $1,391,472
2019 Rs92,547 Rs188,806 $2,057 $4,196 Rs1,110,558 Rs61,587,950 $24,679 $1,368,621
2020 Rs99,950 Rs188,806 $2,221 $4,196 Rs1,199,403 Rs60,477,392 $26,653 $1,343,942
2021 Rs107,946 Rs188,806 $2,399 $4,196 Rs1,295,355 Rs59,277,989 $28,786 $1,317,289
2022 Rs116,582 Rs188,806 $2,591 $4,196 Rs1,398,983 Rs57,982,634 $31,089 $1,288,503
2023 Rs125,909 Rs188,806 $2,798 $4,196 Rs1,510,902 Rs56,583,651 $33,576 $1,257,414
2024 Rs135,981 Rs188,806 $3,022 $4,196 Rs1,631,774 Rs55,072,749 $36,262 $1,223,839
2025 Rs146,860 Rs188,806 $3,264 $4,196 Rs1,762,316 Rs53,440,974 $39,163 $1,187,577
2026 Rs158,608 Rs188,806 $3,525 $4,196 Rs1,903,301 Rs51,678,658 $42,296 $1,148,415
2027 Rs171,297 Rs188,806 $3,807 $4,196 Rs2,055,566 Rs49,775,357 $45,679 $1,106,119
2028 Rs185,001 Rs188,806 $4,111 $4,196 Rs2,220,011 Rs47,719,791 $49,334 $1,060,440
2029 Rs199,801 Rs188,806 $4,440 $4,196 Rs2,397,612 Rs45,499,780 $53,280 $1,011,106
2030 Rs215,785 Rs188,806 $4,795 $4,196 Rs2,589,421 Rs43,102,169 $57,543 $957,826
2031 Rs233,048 Rs188,806 $5,179 $4,196 Rs2,796,574 Rs40,512,748 $62,146 $900,283
2032 Rs251,692 Rs188,806 $5,593 $4,196 Rs3,020,300 Rs37,716,174 $67,118 $838,137
2033 Rs271,827 Rs188,806 $6,041 $4,196 Rs3,261,924 Rs34,695,874 $72,487 $771,019
2034 Rs293,573 Rs188,806 $6,524 $4,196 Rs3,522,878 Rs31,433,949 $78,286 $698,532
2035 Rs317,059 Rs188,806 $7,046 $4,196 Rs3,804,708 Rs27,911,071 $84,549 $620,246
2036 Rs342,424 Rs188,806 $7,609 $4,196 Rs4,109,085 Rs24,106,363 $91,313 $535,697
2037 Rs369,818 Rs188,806 $8,218 $4,196 Rs4,437,812 Rs19,997,278 $98,618 $444,384
2038 Rs399,403 Rs188,806 $8,876 $4,196 Rs4,792,837 Rs15,559,466 $106,507 $345,766
2039 Rs431,355 Rs188,806 $9,586 $4,196 Rs5,176,264 Rs10,766,629 $115,028 $239,258
2040 Rs465,864 Rs188,806 $10,353 $4,196 Rs5,590,365 Rs5,590,365 $124,230 $124,230
YEAR Montly Exp Avg Monthly Montly Exp $ Avg Monthly Early Exp Cumulative Early Exp $ Cumulative
2011 Rs50,000 Rs188,806 $1,111 $4,196 Rs600,000 Rs67,969,927 $13,333 $1,510,443
2012 Rs54,000 Rs188,806 $1,200 $4,196 Rs648,000 Rs67,369,927 $14,400 $1,497,109
2013 Rs58,320 Rs188,806 $1,296 $4,196 Rs699,840 Rs66,721,927 $15,552 $1,482,709
2014 Rs62,986 Rs188,806 $1,400 $4,196 Rs755,827 Rs66,022,087 $16,796 $1,467,157
2015 Rs68,024 Rs188,806 $1,512 $4,196 Rs816,293 Rs65,266,259 $18,140 $1,450,361
2016 Rs73,466 Rs188,806 $1,633 $4,196 Rs881,597 Rs64,449,966 $19,591 $1,432,221
2017 Rs79,344 Rs188,806 $1,763 $4,196 Rs952,125 Rs63,568,369 $21,158 $1,412,630
2018 Rs85,691 Rs188,806 $1,904 $4,196 Rs1,028,295 Rs62,616,245 $22,851 $1,391,472
2019 Rs92,547 Rs188,806 $2,057 $4,196 Rs1,110,558 Rs61,587,950 $24,679 $1,368,621
2020 Rs99,950 Rs188,806 $2,221 $4,196 Rs1,199,403 Rs60,477,392 $26,653 $1,343,942
2021 Rs107,946 Rs188,806 $2,399 $4,196 Rs1,295,355 Rs59,277,989 $28,786 $1,317,289
2022 Rs116,582 Rs188,806 $2,591 $4,196 Rs1,398,983 Rs57,982,634 $31,089 $1,288,503
2023 Rs125,909 Rs188,806 $2,798 $4,196 Rs1,510,902 Rs56,583,651 $33,576 $1,257,414
2024 Rs135,981 Rs188,806 $3,022 $4,196 Rs1,631,774 Rs55,072,749 $36,262 $1,223,839
2025 Rs146,860 Rs188,806 $3,264 $4,196 Rs1,762,316 Rs53,440,974 $39,163 $1,187,577
2026 Rs158,608 Rs188,806 $3,525 $4,196 Rs1,903,301 Rs51,678,658 $42,296 $1,148,415
2027 Rs171,297 Rs188,806 $3,807 $4,196 Rs2,055,566 Rs49,775,357 $45,679 $1,106,119
2028 Rs185,001 Rs188,806 $4,111 $4,196 Rs2,220,011 Rs47,719,791 $49,334 $1,060,440
2029 Rs199,801 Rs188,806 $4,440 $4,196 Rs2,397,612 Rs45,499,780 $53,280 $1,011,106
2030 Rs215,785 Rs188,806 $4,795 $4,196 Rs2,589,421 Rs43,102,169 $57,543 $957,826
2031 Rs233,048 Rs188,806 $5,179 $4,196 Rs2,796,574 Rs40,512,748 $62,146 $900,283
2032 Rs251,692 Rs188,806 $5,593 $4,196 Rs3,020,300 Rs37,716,174 $67,118 $838,137
2033 Rs271,827 Rs188,806 $6,041 $4,196 Rs3,261,924 Rs34,695,874 $72,487 $771,019
2034 Rs293,573 Rs188,806 $6,524 $4,196 Rs3,522,878 Rs31,433,949 $78,286 $698,532
2035 Rs317,059 Rs188,806 $7,046 $4,196 Rs3,804,708 Rs27,911,071 $84,549 $620,246
2036 Rs342,424 Rs188,806 $7,609 $4,196 Rs4,109,085 Rs24,106,363 $91,313 $535,697
2037 Rs369,818 Rs188,806 $8,218 $4,196 Rs4,437,812 Rs19,997,278 $98,618 $444,384
2038 Rs399,403 Rs188,806 $8,876 $4,196 Rs4,792,837 Rs15,559,466 $106,507 $345,766
2039 Rs431,355 Rs188,806 $9,586 $4,196 Rs5,176,264 Rs10,766,629 $115,028 $239,258
2040 Rs465,864 Rs188,806 $10,353 $4,196 Rs5,590,365 Rs5,590,365 $124,230 $124,230
Early retirement in India?
I am surprised that there are people like you in this world. Simple Living and just enjoying the life as it comes. Good for you. I do think like you to some extent but i am married and have a kid. So there comes some compromise :(
androscoggin;389463The question "how much $$ to go back to India" has been asked previously in previous posts.
I'm asking the same question.....with a little twist. Most questions/answers/calculations were for husband/wife + ~2kids. I'm a 36 year old single guy. Do not intend to ever marry or have kids. That simplifies the calculation a lot. How much money/savings in USD would I need to do the following
(a) completely retire in India and never work a day again
(b) work at some easy low-stress but low paying job in india, maybe part-time, and still survive
I know many will reply with "it depends on your desired standard of living" so let me clarify that. I'm fine moving to a Tier2 or Tier3 city in India, example Surat, Indore, Vizag, Ludhiana etc. No lavish luxuries needed but no maha-kanjoosi either. 1 bedroom flat, maybe 800-1000 sq ft, in decent but not posh/glitzy neighbourhood. Okay eating dal-chawal at home but would like to go to fast-food udipi type restaurants too, 2-3 times a week. No Mercedes/BMW needed but small car or scooter, maybe. Vacationing every 3-4 months in Indian locations by railways, but no fancy Europe trips by flight. Hope you get the idea.
Let me know your estimate or general comments.
-
androscoggin
- Posts: 11
- Joined: Thu May 19, 2011 4:39 am
Early retirement in India?
Goldieg,
Thanks. I have decided I don't want to slave away at a job for 60 hrs a week, 50 weeks a year until I am 60 or 65, just for the sake of mortgage payment or kids college or wife's status perception or whatever. Although probably the majority of other middle class desis will be happy to keep running on this neverending treadmill for the rest of their lives, but it's not for me. I'd like to work maybe another 5 years, save more USD, then convert my USD into a blizzard of INR, buy a small flat somewhere in India and spend the rest of my days travelling places, listening to (or making) music, reading good books, pursuing my hobbies, etc. Maybe I might still take up a job a few years later if I get bored but it will be out of my choice, not out of financial obligations tied to my neck.
r2hyd,
Thanks for the analysis but that seems like a lot of money. It will take me till I'm 80 years old to make that kind of money, if I still have a job by then. Is Rs50,000 per month really needed for a single guy per month in India these days? Have you taken into account interest received on savings? Appreciation of house purchased?
Thanks. I have decided I don't want to slave away at a job for 60 hrs a week, 50 weeks a year until I am 60 or 65, just for the sake of mortgage payment or kids college or wife's status perception or whatever. Although probably the majority of other middle class desis will be happy to keep running on this neverending treadmill for the rest of their lives, but it's not for me. I'd like to work maybe another 5 years, save more USD, then convert my USD into a blizzard of INR, buy a small flat somewhere in India and spend the rest of my days travelling places, listening to (or making) music, reading good books, pursuing my hobbies, etc. Maybe I might still take up a job a few years later if I get bored but it will be out of my choice, not out of financial obligations tied to my neck.
r2hyd,
Thanks for the analysis but that seems like a lot of money. It will take me till I'm 80 years old to make that kind of money, if I still have a job by then. Is Rs50,000 per month really needed for a single guy per month in India these days? Have you taken into account interest received on savings? Appreciation of house purchased?
-
Old-Spice2
- Posts: 1898
- Joined: Wed Jan 17, 2007 11:38 pm
Early retirement in India?
>>>Thanks for the analysis but that seems like a lot of money. It will take me till I'm 80 years old to make that kind of money, if I still have a job by then. Is Rs50,000 per month really needed for a single guy per month in India these days? Have you taken into account interest received on savings? Appreciation of house purchased?
Rs 50K is needed for a family of four in Tier-1 city like Delhi or Bangalore. And for that head of the household has to slog like a donkey! You are a free bird - you can live off on 15K/month since you plan to live in Tier-2 city. That is a measly $350 per month assuming your house and car is paid off. I think even social security payment should be enough for you.
Rs 50K is needed for a family of four in Tier-1 city like Delhi or Bangalore. And for that head of the household has to slog like a donkey! You are a free bird - you can live off on 15K/month since you plan to live in Tier-2 city. That is a measly $350 per month assuming your house and car is paid off. I think even social security payment should be enough for you.
-
dcnri2india
- Posts: 111
- Joined: Wed Aug 04, 2010 9:42 am
Early retirement in India?
I would say about 25K Rs per month should cover all your "desires".
You should some cash(30-40Laks) in FD or savings for medical expenses when they happen.
One suggestion. Please consider taking up teaching in tier 2 city on voluntary or part time basis. It should be less stressful and might pay for monthly living.
cheers
You should some cash(30-40Laks) in FD or savings for medical expenses when they happen.
One suggestion. Please consider taking up teaching in tier 2 city on voluntary or part time basis. It should be less stressful and might pay for monthly living.
cheers
-
androscoggin
- Posts: 11
- Joined: Thu May 19, 2011 4:39 am
Early retirement in India?
Teaching is a great idea! Low stress but not necessarily low status. And where else do you get ~2 month vacation per year? Also dont need to worry about economic downturns, layoffs, etc.