R2I to retire/work part time

Actinomycin · Post by **Actinomycin** » Wed Mar 30, 2016 9:06 am

Came to the US right after graduating, completed graduate studies and have been working since for 14-15 years. Current salary around 200k. I have , 200k equity in my 400k house, 500k saved in taxable accounts and 400k in 401k, roth, etc. I love my job and living in the USA, but basically want more time!! Need to be exercising more consistently, spending more time with child and meditation. I spend a couple of hours everyday meditating and would like to do significantly more and it is a very important part of my life.

I am 35, and hope "not to work for money" beyond 50. I am ok with working till 65, but would like some freedom and the option of not having to work.
My two questions are - How much does one really need to retire early and not live ultra-frugally in USA? With property taxes, health insurance, college education, etc etc it seems I would probably need a paid off house, 1-2 million dollars invested in dividend stocks/CDs, and an additional million in retirement accounts that I let grow and do not touch till retiring. This is just my guess but would like to know what others think is needed to retire early here. This is probably possible if I kept working for the next 15 years.

The second option is buying a 200k house in India from my equity here, invest 500k from taxable accounts in CDs generating around 15lacs in interest, and let 400k in 401k keep growing for the next 30 years till I retire and not touch it. I can probably find a job in India at 15-20 lac per annum. We have one son and have a very simple life-style. Might also have 300-500k USD in ancestral property/stocks, but I do not really consider it for the sake of planning. So my question is in a city like Hyderabad, Ahmedabad, Chandigarh is it possible to retire with a 1.5 crore house/apartment and income being generated from an additional 2.5 crore in investments, or with inflation and other unknowns is it best to work in India? I will have an additional 400k in US retirement accounts that I do not plan on touching till retirement. Besides money and my need for more time, all other factors (parents, children, sense of belonging, etc) are all the same as with all the other posts. Thank you so much for your replies!!

FB2020 · Post by **FB2020** » Wed Mar 30, 2016 9:28 am

Actinomycin;627308Came to the US right after graduating, completed graduate studies and have been working since for 14-15 years. Current salary around 200k. I have , 200k equity in my 400k house, 500k saved in taxable accounts and 400k in 401k, roth, etc. I love my job and living in the USA, but basically want more time!! Need to be exercising more consistently, spending more time with child and meditation. I spend a couple of hours everyday meditating and would like to do significantly more and it is a very important part of my life.

I am 35, and hope "not to work for money" beyond 50. I am ok with working till 65, but would like some freedom and the option of not having to work.
My two questions are - How much does one really need to retire early and not live ultra-frugally in USA? With property taxes, health insurance, college education, etc etc it seems I would probably need a paid off house, 1-2 million dollars invested in dividend stocks/CDs, and an additional million in retirement accounts that I let grow and do not touch till retiring. This is just my guess but would like to know what others think is needed to retire early here. This is probably possible if I kept working for the next 15 years.

The second option is buying a 200k house in India from my equity here, invest 500k from taxable accounts in CDs generating around 15lacs in interest, and let 400k in 401k keep growing for the next 30 years till I retire and not touch it. I can probably find a job in India at 15-20 lac per annum. We have one son and have a very simple life-style. Might also have 300-500k USD in ancestral property/stocks, but I do not really consider it for the sake of planning. So my question is in a city like Hyderabad, Ahmedabad, Chandigarh is it possible to retire with a 1.5 crore house/apartment and income being generated from an additional 2.5 crore in investments, or with inflation and other unknowns is it best to work in India? I will have an additional 400k in US retirement accounts that I do not plan on touching till retirement. Besides money and my need for more time, all other factors (parents, children, sense of belonging, etc) are all the same as with all the other posts. Thank you so much for your replies!!

IMO, you should be able to live comfortably in india with the money invested properly in FDs etc. (and even some equities if you like).

Retiring in USA - that's a million $$ question. You could probably run the numbers on any retirement website and get answers. But health insurance has been my biggest concern around retiring in US. and no one till date has been satisfactorily able to answer this question.

punjabi · Post by **punjabi** » Wed Mar 30, 2016 3:02 pm

it depends , after retirement how many years do you want to plan the expenses for.
Last time i calculated it required 6 crore to retire in india at age 50 and meet expenses for the next 30 yr.

My Roots · Post by **My Roots** » Wed Mar 30, 2016 5:27 pm

you are only 35. why assuming that you will not work 55? we can't predict that far. plan for next 3 years.

dbs · Post by **dbs** » Wed Mar 30, 2016 5:29 pm

punjabi;627314it depends , after retirement how many years do you want to plan the expenses for.
Last time i calculated it required 6 crore to retire in india at age 50 and meet expenses for the next 30 yr.

I retired to India at 60 and I did not bring in 6cr. But had built a home before that. Beyond the properties I did not have 6cr invested in India. I do not live hand to mouth and my assets have grown during last 10 years.

heimat · Post by **heimat** » Wed Mar 30, 2016 5:36 pm

Actinomycin;627308

My two questions are - How much does one really need to retire early and not live ultra-frugally in USA?

What are your annual expenses in US now?

Dicky_Bird · Post by **Dicky_Bird** » Wed Mar 30, 2016 7:10 pm

If you plan to live in US, you need to be in good school district where property taxes are high or you can use private school.
the other expense health insurance for the family
you need to look at all the running expenses per month and see where you stand before making any informed decision.

Chakraan · Post by **Chakraan** » Wed Mar 30, 2016 7:22 pm

Actinomycin;627308

Are you a medico doctor ?

or plain garden variety IT professional ?

I asked because if you are a doc, you can return to India and easily earn money with your private practice.

May be 2 days per week, two times a day...you sit at your chamber and rest of the time you can spend with your family.

vapasi1 · Post by **vapasi1** » Wed Mar 30, 2016 7:31 pm

I would suggest that you come to India and invest whatever you have.

To take care of living expenses work part-time and adjust your lifestyle per your regular income from the part-time job.

Retiring at 35 in India is risky. Education and healthcare expenses are going to grow exponentially in India which means your future expenses are going to be quite high. So dipping into your savings at 35 is risky.

Chakraan · Post by **Chakraan** » Wed Mar 30, 2016 7:34 pm

vapasi1;627357
To take care of living expenses work part-time ....

Is there a concept of working part time in India?
Which field recruits part time employee except some private colleges ?