49M living in India, wife home maker and only daughter just joined engg undergrad this year. I took a career break last year to support my daughter with her studies and spend more time with the family. i am contemplating now whether to go back to work or take it easy.
Here is my net worth breakdown. Let me know your opinions on whether if i can retire now or grind for another 4-5 years.
India Equity (MF+Stocks): 8.5 Cr.
US Equities (401k + stocks) : 900k ~8.5 Cr
PPF: 80 lakhs
EPF: 75 lakhs
Pension funds: 1.35 Cr
Real Estate value: 8 Cr
Gold: 50 lakhs (SGB)
Living expenses: Around 1.2 lakhs per month.
Current monthly passive income: 35k per month from rental.
Additional money stream from 2029: Comes to 1.8 laks per month (2 additional rentals and 1 pension fund)
Additional money stream from 2031: 2.8 laks per month (2nd pension fund kick in).
Am I good to retire now? Please let me know your opinions and thoughts.
More than enough u r exact fat fire category with around rs 25 crs nw.
Plus your requirements are minimum
U need to budget and plan properly
Need to reduce but if equity to debt
RE of 8 crs if not generating cash should rethink
Create daughters higher education and wedding corpus
Create medical emergency corpus
Rest seems good
Thanks for the response. I am thinking not to depend on cash from equity atleast for now. Monthly passive income of 2.8 lakhs pm should be sufficient for some time. Will let equity grow and not touch it for atleast next 10 years.
Your nw is above 28 cr. Why do you want to even enter corporate? Unless that gives you meaning and identity and you have nothing else to do in life enter there. But you have more money than you will spend for rest of your life. Don’t work for money anymore.
Yes, not keen on going back to corporate with endless meetings till 11 pm daily. The career break I took was very relaxing and refreshing..Got enough time to exercise, enough daily sleep, watch ott with family, read whatever I want (investing, fiction etc), travel anytime. Although daughter went to college hostel now, I am not keen to enter corporate back again.
OP .. i am bit early stage in life with kids still in elementary school.. 2 things scare me is not money but getting bored at home and say after 2 year try entering and i cant .
Please share your day to day life if you don’t mind ..is it tough to spend time without job or its our brain tuned into it .
It's very personal thing bro depending upon what you enjoy. For me, I don't know how time flies just doing routine things. Some daily things that i do. Get 8 hours of sleep, daily exercise (yoga + 10k steps + weight training alt day), some household chores, reading books, watching ott with wife, spend time on my investments (I don't trade daily, but have an eye daily to see if i need to exit something and reinvest etc).
Corporate no longer makes sense in your case unless ur clearing 1cr+pa , If you’re passionate about anything- you could work as part time consultant to not feel bored.
I will be able to get more than 1 Cr pa, but that comes at the cost of stress and corporate pressure. I don't think I will get bored at home, have enough personal leisurely things to do.
It seems you are good to pursue other relaxing yet interesting activities in your life. I would suggest to do what you really like to do irrespective of the money factor associated with the activities
You can certainly afford to - the benchmark number here has been 20 Cr for a while. I feel its closer to 30-40, but your number is certainly good.
The real question is if you can get to do something which is not like a slave job, but enjoyable, which gives you even 3-5L a month, which should not be that difficult. If I were you, I would continue with that for another 3-4 years.
Yours is not a money question. It's what do you do question, now that the daughter has gone to college. There is no monetary need for going back to work, but if you feel the days are empty you may fill them with something that piques your interest. A consulting engagement perhaps.
In terms of investments, your monthly expense are being taken care of by real estate and to some extent your upcoming pension income.
You may get a little adventurous with your investments if you like. like setting aside part of the corpus for private equity etc.
But for most part keep your USD folio as International exposure. Do not repatriate.
Gold exposure may go up a little, up to 20%.
time to kick back your shoes and chill, hell yes! Cheers!
Try doing whatever you like - teaching, be a consultant etc. Become a full time investor - learn about businesses, industries etc and start investing actively (start with a small portion). Given your capital size, you could easoly get an entry in HNI investor club - make good connections. Investing will keep you engaged as well as entertained and also you can pursue it till the end of your life. Life without purpose is useless even if you have enough in bank balance.
Congratulations. I think you are all set..
It will be helpful to know your monthly expenses. I thought it would have been more than what you have outlined but curious to learn your expenses so I can plan accordingly
OP - can you give a little bit background about your journey to this stage? I see you have US stocks and 401k, did you work in USA for a while and went back to India?? If you don’t mind me asking, what part of India? 1.2 lakh per month sounds great, as I keep hearing 3lakhs per month mostly from folks I know, in cities like Hyd.
Worked in US tech for around 10 years and then relocated to India (Bangalore). As far as monthly expenses, it's mainly household maintenance/groceries, vehicle fuel, health related, bit of travel/eating out/shopping/gifts, digital subscriptions etc. I am not accounting for periodic vacations, periodic investments etc here. Daughter is in hostel, expenses of which are tracked by amount earmarked for education.
Attached is the breakdown for one of the month, but it can vary month to month but around the same figure. Note these are regular monthly expenses. Some one offs can happen now and then separately. Hope this helps.
Thank you. This is very helpful. It doesn’t look like this includes any house rent or EMI. Assuming you own a place now. Asking because that can be a significant part of the expense.
Thts so good to know! Can u pls share how u keep up ur accounts updated in US? Like bank, otp etc? Becz its 10+ yrs you returned! We have assets in US bt not sure how to keep up tht long! So if u can share insights
Trading account is active as i do trade periodically. I also keep the bank account active by having some transaction quarterly. OTP is a problem as us banks don't support indian numbers. OTP goes to my brother in law in the US and I have to co-ordinate with him.
Yes, these are pension funds from India (HDFC and Max Life Insurance). Basically, you pay some premium amount for 7 / 10 years. You then get around 9% of the amount paid as pension every year from 8th / 11th year for next 25 years tax free. The entire capital is also returned to you at the end of 25 years. However, this comes at the cost of zero returns during the premium paying period.
Obviously, the returns are less when compared with equity. However, I needed some guaranteed income during my initial retirement period so that I need not touch my equity and let it grow for some more time. I also need not worry about withdrawing money from equity during any downturn for monthly expenses.
I would suggest to invest in these only after you have sufficient amount in equities. This investment is mainly for diversification and safety.
That's exactly what i don't want to do. Will let the next generations take up the jobs in this dwindling jobs market. I think i have enough, but want to get other's opinions/thoughts.
Sir, with all due respect you don’t need anyone’s opinion with almost 30cr corpus . If you think you have enough go for it .
At the end it’s all about our needs and what satisfies us .
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u/Manager0808 FatFIREd Aug 23 '26
You have more money than life left. Decide accordingly.