From 50lakhs to 50cr given India is huge.
Upper middle class place = 5/6cr. Monthly expenses = 3lakhs, trips = 20lks/yr (for 2 ppl), miscellaneous- 10lakhs/yr 66lks / yr post tax = 94 after tax leading to 24crores excluding house for a ridiculously high upper class . That’s my number
32 Cr
150cr In India you never know when Govt will do some insane things and screw you financially, or people do riots on streets and damage your properties. so I accounted for that and think if you have 150cr you can live completely un-bothered. Though can us corporate job folks make this much money, very tough
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My parents have pretty much this and more because rental properties (primary and rentals all in Bangalore). But I don’t quite think it’s an upper middle class lifestyle especially after they retired. Late 50s and early 60s parents. Childhood home worth 7 crore and 14 crore in investments. However, I think maybe it feels like they’re penny pinching more as they’re still living off rental income instead of dipping into retirement investments. I truly feel like they had a better carefree life before retirement (lots of travel etc). Bangalore is very expensive now. They did retire early however like early 50sz