How much money is enough to retire at 30 ?

FD rate will change with time. Not to forget that FD is not very convenient from tax point of view. There was a time when PPF used to give 12%.
Those 11% and 10% are usually reserved for above 60 people. However, with a sizable deposit, one can negotiate for a slightly higher rate of interest.
 
Retiring so early is pretty risky even if you think you have enough saved up. What if the Indian economy (and Rupee value) crashes and suddenly 1-2 CR becomes the equivalent of 10-20 lakhs? Even if someone "retires" it's best to maintain their skills or "employability" in case they need to come out of retirement and start working again.
 
Retirement @30?

Be a Monk or a Sanyasi ; go in search of the Ultimate!!
Leave the worldly worries behind.
If you reach the ultimate it's worth it, if you return back ; you can earn twice of what a corporate CEO earns just by preaching your life experiences.
 
Movie : Zindagi na milegi dobara

Arjun(Hrithik) : Well that's the plan. I mean 40 ke baad I'll retire and
(Well, that's the plan, I mean...I'll retire at 40 and...)
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Laila(Katrina) : Dude tumhe kaisa pata he ki tum 40 tak zinda rahoge
(Dude! How do you know if you'll be alive till then?)
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Arjun(Hrithik) : (reaction)

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Laila(Katrina) : Sieze the day my friend. Phela is din ko puri tarha jiyo phir 40 k bare me sochna.
(Seize the day, my friend. First, live this day to the fullest. Then think about 40.)
Best line!
Carpe Diem!
 
Things to consider:
1) Marriage. If you plan on getting married. And if you plan on having kids. If no, move to step 2.
2) Parents. If they have done retirement planning, or if they will be dependent on you. If they are not dependent on you, move to step 3.
3) House. If you have your own place or not. If you do...

... you need about 1.5 - 2 cr to live in a comfortable life in a metro like Delhi-NCR. This is assuming you choose the easiest (and safest) option of putting the money in FDs instead of actively investing. In case you plan on putting the money in slightly more risky places, or if you live in a smaller city, the corpus you need will be lesser.
 
krugur said:
Buy 4 - 5 houses.
Stay in 1 ... give rest for rent. Reap and enjoy.
What to do if you retire at 30 ... gaming esp MMO/MOBA :D
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Buying 5/6 house will make him invest around 3/4/5Cr. (50/60l per flat though this all depends on location) Will get an average rent say 30k per flat into 5 1.5L a month so around 20L yearly. He will be better to invest that money in FD or any other interest scheme where he can get around 8.5/9% which is still higher than the rent.
 
karankapoor said:
Buying 5/6 house will make him invest around 3/4/5Cr. (50/60l per flat though this all depends on location) Will get an average rent say 30k per flat into 5 1.5L a month so around 20L yearly. He will be better to invest that money in FD or any other interest scheme where he can get around 8.5/9% which is still higher than the rent.
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Agree 100%. A lot of people who don't know the ABC of making your money work for you posting in this thread.
 
In 10~15 years, 1 crore would end up the same value that 10,000 has today. Don't forget that cost of living increases everyday. If you can comfortably live on 50k per month today, compound it with some factor like say 10% for every quarter and keep calculating for how ever many years you need. That will give you a more realistic picture.

Month 1 - 50k
Month 4- 55k
Month 7 - 60.5k
Month 10 - 66.55k
 
Lord Nemesis said:
In 10~15 years, 1 crore would end up the same value that 10,000 has today. Don't forget that cost of living increases everyday. If you can comfortably live on 50k per month today, compound it with some factor like say 10% for every quarter and keep calculating for how ever many years you need. That will give you a more realistic picture.

Month 1 - 50k
Month 4- 55k
Month 7 - 60.5k
Month 10 - 66.55k
Click to expand...
I don't think that this math is right. We bought a Fiat Palio for 4.25L in 2002. We can still buy a similar car for around 5-6L.
Same things can be said for our day-to-day expenses.
 
Lord Nemesis said:
In 10~15 years, 1 crore would end up the same value that 10,000 has today. Don't forget that cost of living increases everyday. If you can comfortably live on 50k per month today, compound it with some factor like say 10% for every quarter and keep calculating for how ever many years you need. That will give you a more realistic picture.

Month 1 - 50k
Month 4- 55k
Month 7 - 60.5k
Month 10 - 66.55k
Click to expand...

This is probably the worst advice I have ever seen.
 
Almost 5 Cr
Diversify Investments: You can change the percentages according to your area of expertise or convenience.
10% Cash
50% Real Estate : Should give you Monthly Rentals
30% Financial Instruments : Insurance , Pension Plans , Mutual Funds, Shares etc. Stable Monthly income should be a focus.
10% Have your own or Adopt a Kid; Invest in His/her education. Invest Time and money in Relationships & Friends in a Altruistic manner - Many a times Money alone doesn't guarantee your well being.
 
rdst_1 said:
I don't think that this math is right. We bought a Fiat Palio for 4.25L in 2002. We can still buy a similar car for around 5-6L.
Same things can be said for our day-to-day expenses.
Click to expand...
letmein said:
This is probably the worst advice I have ever seen.
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Numbers are irrelevant in that post. The concepts he talks about are relevant.
Wealth creation and early retirement can be a realistic goal for any individual able to understand the concepts of inflation and compounding.
 
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