1 crore is enough even in 2022 to retire if you are fit with no desease. If fitness for you is not necessarily depending on a gym or an instructer.If reading and watching tv is your hobby. If holidaying in nearby resorts. 4 to 5 times a year. Is joyful enough. If your spouse is as fit as you are. If you don't have loans. If you your style is not about owing big brands. If Alto CNG gives u enough joy . If u are a free independent open minded person who doesnot believe in spending on children marriages or social hypocritical money wasting cultural activities. If royal stag once in a while gives you a joy and kick which materialistic snobs find that kick in 9 a scotch. And. If u have an ability to rotate your 1 crore. At atleast 12 percent returns a year. Then , say u retire at age 58 in 2022 ,you will live a fulfilling life for atleast next 30 years without any financial hassles.
True, his videos are meant for top 3-4% of India. My mother lives alone and is able to easily manage all household expenses in under 8000 Rs per month. And it's not that she is living frugally, she eats whatever whenever she wants.
@@whatever3041 it depends where you're living and your life style. When you get to a certain age you don't eat fancy food, go out, no attendant to pay, no car, no driver, just food may be you can manage. I live alone and my monthly expenses is about 60000.00 rupees a month. Just paying the agency for my home help is 15000.00 rupees a month. So the cost of living varies from person to person.
Is there a way to auto-like your videos so that I don't miss clicking the up-thumb by mistake? Something like an e-mandate : ) ? Your blog, your books, your videos have been really helpful. Thanks for sharing.
10 gm gold.. that was the cost of living for a lower middle class household.. 1cr invested in gold will cover only for 16 yrs .. but with increasing life expectancy that's not enough..
First year excitement amount put into MF, it will give more than inflation Example=8%-12% Remaining =4% we can use remaining 4% reinstment I am thing, u r handled properly it is sufficient I think it is my understanding. If any mistake guide me
Good video sir. I have taken an early retirement last August. Thank you for the inputs. Your video is truly a refresher. I have been doing most of that you have mentioned. Will keep my eyes open on the inflation part more. Thank you so much.
Annual expense of 1 lac ?? Even in 2000 how that is possible ..This look flawed ..People who would be surviving on 8K /month , can't have 25L ..This example seems baseless unless I missed something.
Good video sir. I think you mistakenly said capital wipeout by 14 years, guess u meant to say one is no longer be generating surplus aftr spending . Also i would like to know , should we consider net asset or only cash to calculate.
both same doubts i have, which all the assets we can calculate in this capital we kept. also after 14 years still we had 38 lakhs in hand but surplus from the investment negetive
Net asset includes your immovable property. If you can sell it and make it as liquid, maybe you can include this in your cash. The challenge is illiquid nature of such asset and this asset class has not moved in last 10 years
This is best time to lock in money for 10 years at 7.5 % FD interest rate from SBI bank. Future interest rates will be lower. If i survive next 10 years, will cross that bridge when i get there as to what to do with the money that i doubled in fixed deposits
Why do interest rate of ppf, government bond will reduce when inflation is high? I think existing bond yield will reduce but new bond will be issued with higher interest rate
Sir i have portfolio in sip approx 64 lakhs. We are planning to buy home of value 2.25 cr . Self funding is 42 lakh.My query is should i take home loan or use 64 lakh for payment
Instead of investing all 1cr in equity, you can invest in some liquid instrument like debt, and STP monthly to equity mutual funds. You can stop once 50 percent of your capital is in equity. Investing lumpsum in market is risky.
Monthly expense of 1 lakh in year 2000...then these group doesnt need to worry because they were super rich. This video is addressing common middle class to upper middle class. No way their monthly expense wud hv been 1 lakh per month. Also if for a moment we consider expense 1 lakh per month at 60 yrs, then at 80 yrs it will become 3 lakhs or more is not reality. Its only theoretical. Person at 80 will manage with a much lesser cost because his lifestyle will be different than what at 60 yrs.
there is something called as swp where there will be a systematic way of withdrawing fund from the corpus if the interest is higher than expense the excess will be reinvested .
But capital is also there . Why to rely solely on returns only. That guy still survive 9 more years by capital only. For 2 crore I have to save only 1.5 cr more.
I am retiring in December 2022 no pension no own house. With no liability my daughter CA and not divulge any of my earnings. Daughter married. On their own. I have mother aged 84 year. No wife hence not opted for pension. Would like to independent life with mother and myself. My salary as on now is Rs 90000/- payment of income tax at rs15000/-. Payment of rent at 15000/-. Please advice . Thanks. I require Rs50000/- every month and growing also. Thanks
You can bring your retired life one level down ,your existing living standard. Can move out from city to somewhat out of city. If lucky can get some money from children. But if decide you can retire with 1 cr. and curtail expenses and enjoy. Just don't decide your retirement on excel sheet .
You can retire in 1 crore but you would need to adjust your expenses accordingly. If you can adjust your lifestyle expense to 20k per month then you can retire with 1 cr.
Poor analysis. No justification for why returns are reducing!! Please read the paper for 4% withdrawal strategy for a better understanding of how it works.
Due to high interest rate npa problem happened and Raghu rajan was a moron .He even don’t know what’s happening in banking system biggest fraud happened under his tenure.thanks modi government policy.love bjp.
@@sandipswain3299 Do you see any value on bitcoin? does bitcoin backed by any assets? Purely based on speculation and extremely volatile. I can't believe why people are so delusional? Good luck for you.
@@sg777z hash power is just what keeps it sane. But there is nothing that creates trust with so much volatility. Good currencies are never this volatile
1 crore is enough even in 2022 to retire if you are fit with no desease. If fitness for you is not necessarily depending on a gym or an instructer.If reading and watching tv is your hobby. If holidaying in nearby resorts. 4 to 5 times a year. Is joyful enough. If your spouse is as fit as you are. If you don't have loans. If you your style is not about owing big brands. If Alto CNG gives u enough joy . If u are a free independent open minded person who doesnot believe in spending on children marriages or social hypocritical money wasting cultural activities. If royal stag once in a while gives you a joy and kick which materialistic snobs find that kick in 9 a scotch. And. If u have an ability to rotate your 1 crore. At atleast 12 percent returns a year. Then , say u retire at age 58 in 2022 ,you will live a fulfilling life for atleast next 30 years without any financial hassles.
True, his videos are meant for top 3-4% of India. My mother lives alone and is able to easily manage all household expenses in under 8000 Rs per month. And it's not that she is living frugally, she eats whatever whenever she wants.
At 63, I live alone in little less than 1 Crore and invest 30000 pm in ETFs and extended PPF.
@@whatever3041 it depends where you're living and your life style. When you get to a certain age you don't eat fancy food, go out, no attendant to pay, no car, no driver, just food may be you can manage.
I live alone and my monthly expenses is about 60000.00 rupees a month. Just paying the agency for my home help is 15000.00 rupees a month. So the cost of living varies from person to person.
Am planning for 50X. Post retirement looking at 40:60 equity:debt. Currently its other way around 60:40 equity:debt as am still earning
Is there a way to auto-like your videos so that I don't miss clicking the up-thumb by mistake? Something like an e-mandate : ) ? Your blog, your books, your videos have been really helpful. Thanks for sharing.
Wow, thanks! Please share...
10 gm gold.. that was the cost of living for a lower middle class household.. 1cr invested in gold will cover only for 16 yrs .. but with increasing life expectancy that's not enough..
When government is the biggest borrower, and those who fund elections like it better that way, the interest rates will head lower.
First year excitement amount put into MF,
it will give more than inflation
Example=8%-12%
Remaining =4%
we can use remaining 4% reinstment
I am thing, u r handled properly it is sufficient
I think it is my understanding.
If any mistake guide me
Good video sir. I have taken an early retirement last August. Thank you for the inputs. Your video is truly a refresher. I have been doing most of that you have mentioned. Will keep my eyes open on the inflation part more. Thank you so much.
Annual expense of 1 lac ?? Even in 2000 how that is possible ..This look flawed ..People who would be surviving on 8K /month , can't have 25L ..This example seems baseless unless I missed something.
8K at year 2000 is equivalent to 32K today. (assuming money doubles every 7 years)
Exactly my point. 1 lakh expense in 2000 means that chap is quite a rich guy...doesnt need to rack his brains much. Ridiculous assumption.
Very informative, it's treat to see your presentation, lot to get from it.
Please continue and give more inputs, advice to deal post retirement phase
Fine
Good video sir. I think you mistakenly said capital wipeout by 14 years, guess u meant to say one is no longer be generating surplus aftr spending .
Also i would like to know , should we consider net asset or only cash to calculate.
both same doubts i have,
which all the assets we can calculate in this capital we kept.
also after 14 years still we had 38 lakhs in hand but surplus from the investment negetive
Net asset includes your immovable property. If you can sell it and make it as liquid, maybe you can include this in your cash. The challenge is illiquid nature of such asset and this asset class has not moved in last 10 years
I am from Bengal, the CPI CPIM thing made me laugh.....
This is serious thing which everyone ignore when we are young. Eye opener 🙏
Very good explanation.
I think inflation to be accounted for next 40 yrs shud be taken at 10% and equity returns at 12%... Better to err on the side of caution.
Mr Subramanyam is talking sense. subscribed
👍👍👍
Wake up call for all of us.
Its an eye opener..
So what's the solution right now for retirement plan? Where to invest more, where to quit or stop?
This is best time to lock in money for 10 years at 7.5 % FD interest rate from SBI bank. Future interest rates will be lower. If i survive next 10 years, will cross that bridge when i get there as to what to do with the money that i doubled in fixed deposits
really?
🙏🙏
How's the price/supply of film roll pertinent to the point being discussed - which is retirement corpus/inflation impact??
Why do interest rate of ppf, government bond will reduce when inflation is high? I think existing bond yield will reduce but new bond will be issued with higher interest rate
Sir i have portfolio in sip approx 64 lakhs. We are planning to buy home of value 2.25 cr . Self funding is 42 lakh.My query is should i take home loan or use 64 lakh for payment
Loan, never cash out your stock portfolio
Home loan...
Always protect your capital in hand...!!!!
I have 1 crore on retirement and govt pension of rs 40000 per month. How can I invest 1 crore
I can guide
We can give you 9% returns risk free(75000 per month)
And we have a signed agreement too
Instead of investing all 1cr in equity, you can invest in some liquid instrument like debt, and STP monthly to equity mutual funds. You can stop once 50 percent of your capital is in equity. Investing lumpsum in market is risky.
@@FatimaKhan-qi6xllaga daegi issko kaam pae...😂😂
Brilliant ji
धन्यवाद गुरु जी 🙏
Monthly expense of 1 lakh in year 2000...then these group doesnt need to worry because they were super rich. This video is addressing common middle class to upper middle class. No way their monthly expense wud hv been 1 lakh per month.
Also if for a moment we consider expense 1 lakh per month at 60 yrs, then at 80 yrs it will become 3 lakhs or more is not reality. Its only theoretical. Person at 80 will manage with a much lesser cost because his lifestyle will be different than what at 60 yrs.
brilliant observations sir
N I was taking 6% inflation into account
there is something called as swp where there will be a systematic way of withdrawing fund from the corpus if the interest is higher than expense the excess will be reinvested .
Don’t check Bengal elections & track investments !
my guestion from last 2 years
How much would a single person. Need with no children... retiring at 60
But capital is also there . Why to rely solely on returns only. That guy still survive 9 more years by capital only. For 2 crore I have to save only 1.5 cr more.
Hahaha CPI CPM 😂
The reality
I am retiring in December 2022 no pension no own house. With no liability my daughter CA and not divulge any of my earnings. Daughter married. On their own. I have mother aged 84 year. No wife hence not opted for pension. Would like to independent life with mother and myself. My salary as on now is Rs 90000/- payment of income tax at rs15000/-. Payment of rent at 15000/-. Please advice . Thanks. I require Rs50000/- every month and growing also. Thanks
How much savings do you have?
We can give you 9% returns
If you can't retire in 1 crore then at what amount to retire and When you will achieve that, After death.
whose death?
Vicious cycle , just like a hamster in spin wheel keep running
You can bring your retired life one level down ,your existing living standard. Can move out from city to somewhat out of city. If lucky can get some money from children. But if decide you can retire with 1 cr. and curtail expenses and enjoy. Just don't decide your retirement on excel sheet .
You can retire in 1 crore but you would need to adjust your expenses accordingly. If you can adjust your lifestyle expense to 20k per month then you can retire with 1 cr.
Poor analysis. No justification for why returns are reducing!! Please read the paper for 4% withdrawal strategy for a better understanding of how it works.
Lol, I can relate to everything he's saying.
@@neelj5155 Whatever, the calculations he said is wrong.
What is the email address to ask question ?
Due to high interest rate npa problem happened and Raghu rajan was a moron .He even don’t know what’s happening in banking system biggest fraud happened under his tenure.thanks modi government policy.love bjp.
Lol
. Cpi and cpim
so bitcoin is the solution... ppl will understand later .. but it will be too late in india.....
Ha ha ha.. bitcoin is the joke of the decade
sooner or later world government will crush bitcoin/crypto then you have walk on the street shirtless ha....ha..
@@lakdev6297 don't worry , same talk going on since 10 years , china banned it .. nothing happens...
@@sandipswain3299 Do you see any value on bitcoin? does bitcoin backed by any assets? Purely based on speculation and extremely volatile. I can't believe why people are so delusional? Good luck for you.
@@sg777z hash power is just what keeps it sane. But there is nothing that creates trust with so much volatility. Good currencies are never this volatile