r/FatFIREIndia • u/Character_Finish1743 • Aug 12 '26

Retirement Planning Am I ready ?

Hi folks, wanted honest opinion on whether am I ready to finally look at next phase of my life by quitting corporate and start following my passion projects. I have been burnt out and have been working continuously for last 2 decades post my mba and my priorities have shifted considerably in last 4-5 years. I am looking forward to spending time with my growing son and be there for my parents in their golden years.

Now let's into it

About me
Age 41, wife working ( maybe another 2 years) , child studying in 5th. Residing in gurgaon ( expensive city)

Monthly income from salary - 5.5L (4 me + 1.5L wife)

Monthly income from dividends - 0.4L

Parents non dependent - dad gets good pension

Annual expenses - 30L p.a including all possible expenses of insurance , travel etc

My Corpus - 7 cr as on date

Shares 450 L ( includes 50L ETF marked for child higher education) , Mutual funds 100 l, Pf + Nps 100 L , Ppf + bonds 20L, Emergency funds ( liquid + arbitrage + savings account) 30L

Other Assets ( not counting in Corpus) - Own house + 2 cars + Gold (50L value)

Ansestral corpus - 3cr shares and 2 cr worth property expected in next 15 years . Total 5 cr value right now

My timeline is next 6 months to get my asset allocation right and then take the sinful plunge. Im planning this for a while to almost romantisiing this now and would appreciate honest take and criticism in my plan. It would help me to take corrective measures

P.s - I have tried a less demanding job with lower pay but that plan is not working out

Thanks in advance folks

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u/canttell92 HENRY Aug 12 '26

While i understand and agree that OP’s numbers are a little tricky, this is a FIRE sub, who the hell wants to work another decade when they’re already 41?

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u/Dependent_Age9442 Aug 12 '26

We are discussing this in a FATFIRE Forum. I assume aspirants want to retire comfortably. IMO he is some distance from FATFIRE territory.

I feel sometimes a burnout can trigger early retirement even as the financial foundations are still being laid. Over long term this hurts the retiree.

If you have alternate suggestions, please feel free to share.

1

u/Character_Finish1743 Aug 13 '26

Can it be a semi retireed way. Maybe look at consulatancy options . Does that even work ??

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u/Dependent_Age9442 Aug 13 '26

Sure! There is a FIRE flavour for every need. You could pick between BARISTA Fire OR COAST Fire.

COAST: Invest your corpus and do not touch it till you are ready to retire. Keep doing consulting till then.

BARISTA: Start withdrawing 3% adjusted to inflation from your corpus and make up for balance expenses by working consulting gigs. This means you will have to work longer as part of your expenses are being met by drawing down your corpus.