This article uses the Arthgyaan goal-based investing calculator to understand how much corpus is needed to have a comfortable lifestyle in India.
This article uses the Arthgyaan goal-based investing calculator to understand how much corpus is needed to have a comfortable lifestyle in India.
This article shows how a single-income middle-aged couple with two small children reach their retirement and children’s goals.
This article shows how a double-income couple with a 2-year old reach their FIRE dream at the age of 50.
This article shows how a double-income couple with a newborn child can invest for their future goals of FIRE and real-estate investment.
This article shows how a young just-married couple can invest for future goals using the Arthgyaan goal-based investing tool.
Did you welcome a bundle of joy in your 40s? This article will discuss ways of planning the child’s (and your’s financial future)
This article shows how a very typical salaried couple with one child can invest for future goals using the Arthgyaan goal-based investing tool.
This is the question that was posted on Reddit:
Here is the original post if you wish to read it: https://old.reddit.com/r/personalfinanceindia/comments/1ge0qkm/fire_number_for_a_45_year_old_im_2029_for_kolkata/
There is limited information in the post, but we do have some high-level data points that will be helpful:
We will model the following set of goals:
We have assumed that the family has assets of $700,000, which translates to around ₹6 crore. The house in their home town is not included here.
We have added the following goals:
Each goal has a suitable inflation figure assigned to it.
Before going into the details of the goals, if you, dear reader, wish to cover another scenario as a Case Study, click the button below:
Remember, will still keep doing some side gigs.
Since the family plans to work, as per the above comment, we have added a ₹15 lakhs/year income source starting 6 years from now for the next 20 years (via the “income-sources” sheet)
Additional income sources can be added here as well as per this article: How can you add multiple income streams to your portfolio for retirement?.
Barista FIRE is for those who want to quit the 9-to-5 rat race and are willing to cut back their spending while working only part-time - Investopedia
The above setup, where you retire formally and supplement your income with side gigs, low-stress or part-time roles is called Barista FIRE (Barista refers to the workers who serve customers in a coffee shop).
We use the Arthgyaan Goal-based investing calculator to formulate the investment model with all the above assumptions and goals. There is a link to download a pre-filled copy of the Google sheet via the button below.
Important: You must be logged into your Google Account on a laptop/desktop (and not on a phone) to access the sheet.
Once you get your sheet, you can access video tutorials in the howto tab.
Plugging in the above assumptions and running the model gives us:
For the time being, based on the assumptions made and the goals, the plan looks unfeasible. Lowering the lifestyle goals (cheaper car, lesser foreign travel etc) would help somewhat.
The children’s educational goals are always a wildcard. There is no way to know in advance where the child will end up studying and how much will that course cost. Here an educational loan can be a good option in case the corpus falls short.
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More posts...Disclaimer: Content on this site is for educational purpose only and is not financial advice. Nothing on this site should be construed as an offer or recommendation to buy/sell any financial product or service. Please consult a registered investment advisor before making any investments.
This post titled Barista FIRE Calculator for NRI Returning to India: Can $1 million be enough for this NRI returning to India in 5 years for early-retirement? first appeared on 03 Nov 2024 at https://arthgyaan.com
