Joined Amazon 10 years ago and got lucky with the stock appreciation. Long story short: The day stock touches $2500, my networth would be $2 Million. Is this enough to retire in India and lead a lavish life? Defintion of lavish would be driving a luxury car and travelling every quarter (Economy class, 3-4 star hotels). I will be staying with my parents so will not have any housing related expenses. Between me and my wife, we will inherit ~$3 Million but I am not factoring that in my retirement plans as it is not my money.
Is that cultural to live with parents at that age?
Are you in India? If not, why go there in particular? Is it where family is or something?
Yes I guess you can. You can get 10 lakhs per month as interest?
Ya, but you can withdraw that only if your bank doesn’t sink 😉
If YOU don’t know how much is enough for you, you will never be able to retire. Personal finance is personal, so you need to first define how much you would be happy with.
So you asking if 2 million is enough to retire, when you already have a paid up family house in India and you'll also be inheriting 3 million $ more. And you still need to validate your the pretense of the idea of retiring in india on blind? Your just BRAGGING Brah at this point 😂....
Lol.. you are funny. I am asking for advice if $2 million is enough considering I haven’t lived in India for 10 years.
Lol fair enough you haven’t lived in India for 10 years but are you so cutoff from India that you don’t have an idea of expenses out there ?
$2m = Rs 14cr 4% APY = 56LPA = 4.5L PM => 3.1L per month in 🤚
He can easily get 6%
6 is fine for guessing how much it will grow over time when you're making deposits, but when you're living off the money, you have to make withdrawals every month, even when the market is down, and that costs you. 4% is the appropriate amount to bank on for retirement, and some consider even that too high if you retire young
Have you considered to get a side business? Buy a place and rent it out, etc. just to make sure you still have some sort of revenue stream and not live exclusively from your retirement money.
Yes, India sucks in terms of real estate rental yields. One option that I am thinking is to invest half the amount in 2 condos in Seattle/Austin and get like $4k/month cash flow.
Seattle and Austin are bad areas for real estate yields - you'll probably end up break-even or negative cash flow after factoring in vacancy and repairs
You made it bro !! Congratulations !! 🎊🎉🍾🎈
Fuck me. That's it. Your days of being a corporate slave are done And dusted. You actually did it.
Yes